BILL Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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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.
Dec 31, 2023 · Filed Feb 9, 2024
BILL$53.74-0.1%Stored close · as of Nov 10, 2026
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 EndedDecember 31, | Six Months EndedDecember 31, | |||
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| Revenue | ||||
| Subscription and transaction fees | $274,992 | $231,095 | $540,134 | $445,706 |
| Interest on funds held for customers | 43,503 | 28,911 | 83,346 | 44,224 |
| Total revenue | 318,495 | 260,006 | 623,480 | 489,930 |
| Cost of revenue | ||||
| Service costs | 47,239 | 36,965 | 92,143 | 71,786 |
| Depreciation and amortization of intangible assets (1) | 11,138 | 10,502 | 22,260 | 20,789 |
| Total cost of revenue | 58,377 | 47,467 | 114,403 | 92,575 |
| Gross profit | 260,118 | 212,539 | 509,077 | 397,355 |
| Operating expenses | ||||
| Research and development | 86,489 | 78,910 | 175,552 | 154,030 |
| Sales and marketing | 118,305 | 164,683 | 236,704 | 283,308 |
| General and administrative | 85,583 | 69,381 | 170,909 | 136,119 |
| Depreciation and amortization of intangible assets (1) | 12,324 | 12,028 | 25,141 | 24,055 |
| Restructuring | 25,091 | — | 25,091 | — |
| Total operating expenses | 327,792 | 325,002 | 633,397 | 597,512 |
| Loss from operations | (67,674) | (112,463) | (124,320) | (200,157) |
| Other income, net | 28,919 | 17,022 | 58,227 | 22,970 |
| Loss before provision for (benefit from) income taxes | (38,755) | (95,441) | (66,093) | (177,187) |
| Provision for (benefit from) income taxes | 1,666 | (365) | 2,189 | (471) |
| Net loss | $(40,421) | $(95,076) | $(68,282) | $(176,716) |
| Net loss per share attributable to common stockholders: | ||||
| Basic and diluted | $(0.38) | $(0.90) | $(0.64) | $(1.68) |
| Weighted-average number of common shares used to compute net loss per share attributable to common stockholders: | ||||
| Basic and diluted | 105,914 | 105,906 | 106,350 | 105,494 |
(1)Depreciation expense does not include amortization of capitalized internal-use software costs paid in cash.
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