BILL Holdings Inc
For the period ended Mar 31, 2024. Filed May 3, 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.
Mar 31, 2024 · Filed May 3, 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 EndedMarch 31, | Nine Months EndedMarch 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | ||||
| Subscription and transaction fees | $281,294 | $239,495 | $821,428 | $685,201 |
| Interest on funds held for customers | 41,734 | 33,060 | 125,080 | 77,284 |
| Total revenue | 323,028 | 272,555 | 946,508 | 762,485 |
| Cost of revenue | ||||
| Service costs | 43,845 | 37,897 | 135,988 | 109,683 |
| Depreciation and amortization of intangible assets (1) | 11,167 | 10,953 | 33,427 | 31,742 |
| Total cost of revenue | 55,012 | 48,850 | 169,415 | 141,425 |
| Gross profit | 268,016 | 223,705 | 777,093 | 621,060 |
| Operating expenses | ||||
| Research and development | 81,594 | 78,761 | 257,145 | 232,791 |
| Sales and marketing | 118,105 | 115,350 | 354,808 | 398,658 |
| General and administrative | 81,573 | 71,719 | 252,482 | 207,837 |
| Depreciation and amortization of intangible assets (1) | 12,262 | 12,093 | 37,403 | 36,149 |
| Restructuring | 2,104 | — | 27,195 | — |
| Total operating expenses | 295,638 | 277,923 | 929,033 | 875,435 |
| Operating loss | (27,622) | (54,218) | (151,940) | (254,375) |
| Other income, net | 59,801 | 23,622 | 118,026 | 46,591 |
| Income (loss) before provision for income taxes | 32,179 | (30,596) | (33,914) | (207,784) |
| Provision for income taxes | 370 | 542 | 2,559 | 70 |
| Net income (loss) | $31,809 | $(31,138) | $(36,473) | $(207,854) |
| Net income (loss) per share attributable to common stockholders: | ||||
| Basic | $0.30 | $(0.29) | $(0.34) | $(1.96) |
| Diluted | $0.00 | $(0.29) | $(0.34) | $(1.96) |
| Weighted-average number of common shares used to compute net income (loss) per share attributable to common stockholders: | ||||
| Basic | 105,436 | 106,597 | 106,045 | 105,843 |
| Diluted | 111,176 | 106,597 | 106,045 | 105,843 |
(1)Depreciation expense does not include amortization of capitalized internal-use software costs paid in cash.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.