BILL Holdings, Inc.
For the period ended Mar 31, 2026. Filed May 8, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed May 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share amounts)
| Three Months EndedMarch 31, | Nine Months EndedMarch 31, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | ||||
| Subscription and transaction fees | $371,134 | $320,298 | $1,104,267 | $954,857 |
| Interest on funds held for customers | 35,429 | 37,919 | 112,707 | 124,364 |
| Total revenue | 406,563 | 358,217 | 1,216,974 | 1,079,221 |
| Cost of revenue | ||||
| Service costs | 62,726 | 56,733 | 197,983 | 166,633 |
| Depreciation and amortization (1) | 11,982 | 10,479 | 37,317 | 31,882 |
| Total cost of revenue | 74,708 | 67,212 | 235,300 | 198,515 |
| Gross profit | 331,855 | 291,005 | 981,674 | 880,706 |
| Operating expenses | ||||
| Research and development | 74,385 | 86,540 | 237,480 | 250,009 |
| Sales and marketing | 153,226 | 136,758 | 457,880 | 395,614 |
| General and administrative | 72,286 | 73,851 | 228,700 | 211,744 |
| Provision for expected credit losses | 18,834 | 14,945 | 57,554 | 56,964 |
| Depreciation and amortization (1) | 8,479 | 7,857 | 24,929 | 24,728 |
| Restructuring | 5,044 | — | 14,326 | — |
| Total operating expenses | 332,254 | 319,951 | 1,020,869 | 939,059 |
| Operating loss | (399) | (28,946) | (39,195) | (58,353) |
| Other income, net | 15,174 | 18,650 | 49,091 | 91,831 |
| Income (loss) before provision for income taxes | 14,775 | (10,296) | 9,896 | 33,478 |
| Provision for income taxes | 1,989 | 1,293 | 2,661 | 2,607 |
| Net income (loss) | $12,786 | $(11,589) | $7,235 | $30,871 |
| Net income (loss) per share attributable to common stockholders: | ||||
| Basic | $0.13 | $(0.11) | $0.07 | $0.30 |
| Diluted | $0.12 | $(0.11) | $0.07 | $(0.09) |
| Weighted-average number of common shares used to compute net income (loss) per share attributable to common stockholders: | ||||
| Basic | 99,285 | 102,219 | 100,589 | 103,679 |
| Diluted | 112,677 | 102,219 | 102,309 | 104,139 |
(1)Depreciation and amortization does not include amortization of capitalized internal-use software costs paid in cash of $7.9 million and $25.0 million during the three and nine months ended March 31, 2026, respectively, and $3.6 million and $10.9 million during the three and nine months ended March 31, 2025, respectively, which are included in service costs and general and administrative in the condensed consolidated statements of operations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.