BILL Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share amounts)
| Three Months EndedSeptember 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | ||
| Subscription and transaction fees | $358,005 | $314,943 |
| Interest on funds held for customers | 37,736 | 43,507 |
| Total revenue | 395,741 | 358,450 |
| Cost of revenue | ||
| Service costs | 66,066 | 53,602 |
| Depreciation and amortization (1) | 10,937 | 11,094 |
| Total cost of revenue | 77,003 | 64,696 |
| Gross profit | 318,738 | 293,754 |
| Operating expenses | ||
| Research and development | 80,289 | 78,685 |
| Sales and marketing | 149,216 | 126,322 |
| General and administrative | 76,919 | 66,771 |
| Provision for expected credit losses | 16,096 | 20,661 |
| Depreciation and amortization (1) | 8,067 | 9,013 |
| Restructuring | 8,870 | — |
| Total operating expenses | 339,457 | 301,452 |
| Operating loss | (20,719) | (7,698) |
| Other income, net | 17,906 | 17,878 |
| Income (loss) before provision for income taxes | (2,813) | 10,180 |
| Provision for income taxes | 149 | 1,268 |
| Net income (loss) | $(2,962) | $8,912 |
| Net income (loss) per share attributable to common stockholders: | ||
| Basic | $(0.03) | $0.08 |
| Diluted | $(0.03) | $0.08 |
| Weighted-average number of common shares used to compute net income (loss) per share attributable to common stockholders: | ||
| Basic | 101,922 | 105,672 |
| Diluted | 101,922 | 107,322 |
(1)Depreciation and amortization do not include amortization of capitalized internal-use software costs paid in cash of $4.5 million and $3.8 million during the three months ended September 30, 2025 and 2024, respectively, which are included in service costs in the condensed consolidated statements of operations.
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