BILL Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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.
Sep 30, 2025 · Filed Nov 7, 2025
BILL$53.81+2.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| Page | ||
|---|---|---|
| Special Note Regarding Forward-Looking Statements | 1 | |
| Part I. FINANCIAL INFORMATION | 3 | |
| Item 1. | Financial Statements (Unaudited) | 3 |
| Condensed Consolidated Balance Sheets | 3 | |
| Condensed Consolidated Statements of Operations | 4 | |
| Condensed Consolidated Statements of Comprehensive Income | 5 | |
| Condensed Consolidated Statements of Stockholders’ Equity | 6 | |
| Condensed Consolidated Statements of Cash Flows | 7 | |
| Notes to Condensed Consolidated Financial Statements | 9 | |
| Note 1 – The Company and Its Significant Accounting Policies | 9 | |
| Note 2 – Revenue | 11 | |
| Note 3 – Fair Value Measurement | 12 | |
| Note 4 – Short-Term Investments and Funds Held for Customers | 14 | |
| Note 5 – Acquired Card Receivables | 16 | |
| Note 6 – Loans Held for Investment | 17 | |
| Note 7 – Debt and Borrowings | 19 | |
| Note 8 – Stockholders’ Equity | 22 | |
| Note 9 – Other Income, Net | 24 | |
| Note 10 – Income Taxes | 24 | |
| Note 11 – Commitments and Contingencies | 25 | |
| Note 12 - Restructuring | 25 | |
| Note 13 – Net Income (Loss) Per Share Attributable to Common Stockholders | 26 | |
| Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 27 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 43 |
| Item 4. | Controls and Procedures | 45 |
| Part II. OTHER INFORMATION | 46 | |
| Item 1. | Legal Proceedings | 46 |
| Item 1A. | Risk Factors | 46 |
| Item 2. | Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities | 85 |
| Item 3. | Defaults Upon Senior Securities | 85 |
| Item 4. | Mine Safety Disclosures | 86 |
| Item 5. | Other Information | 86 |
| Item 6. | Exhibits | 86 |
| SIGNATURES | 87 | |
I
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.