BILL Holdings, Inc.
For the period ended Jun 30, 2026. Filed Aug 20, 2026.
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FY2026 · Filed Aug 20, 2026
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year endedJune 30, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $(11,241) | $23,799 | $(28,878) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Stock-based compensation | 229,778 | 242,532 | 248,375 |
| Amortization of intangible assets | 60,659 | 61,925 | 79,956 |
| Depreciation of property and equipment | 21,997 | 13,010 | 13,838 |
| Amortization of capitalized internal-use software costs paid in cash | 33,896 | 14,508 | 9,369 |
| Amortization of debt discount and issuance costs | 6,434 | 4,739 | 6,238 |
| Accretion of discount on investments in marketable debt securities | (23,893) | (37,000) | (55,062) |
| Accretion of discount on loans held for investment | (28,238) | (21,215) | (9,209) |
| Gain on debt extinguishment | — | (40,550) | (46,654) |
| Provision for expected credit losses on acquired card receivables and other financial assets | 54,588 | 45,708 | 52,221 |
| Provision for expected credit losses on loans held for investment | 16,468 | 27,041 | 7,884 |
| Non-cash operating lease expense | 8,265 | 8,164 | 8,642 |
| Other | 124 | 395 | 1,395 |
| Changes in assets and liabilities: | |||
| Accounts receivable | 1,418 | (4,458) | 69 |
| Prepaid expenses and other current assets | 3,135 | (26,986) | (6,825) |
| Other assets | 1,167 | 8,417 | 7,528 |
| Accounts payable | (5,871) | 8,213 | (1,125) |
| Other accruals and current liabilities | 61,190 | 30,222 | 20,992 |
| Operating lease liabilities | (9,950) | (9,412) | (9,839) |
| Other long-term liabilities | (1,084) | 46 | (14,580) |
| Deferred revenue | (3,010) | 1,546 | (5,564) |
| Net cash provided by operating activities | 415,832 | 350,644 | 278,771 |
| Cash flows from investing activities: | |||
| Purchases of corporate and customer fund short-term investments | (1,617,044) | (2,847,736) | (2,682,659) |
| Proceeds from maturities and sales of corporate and customer fund short-term investments | 1,790,861 | 2,214,628 | 2,513,646 |
| Purchase of intangible assets | — | (2,868) | — |
| Purchases of loans held for investment | (1,041,055) | (798,926) | (359,654) |
| Principal repayments of loans held for investment | 1,051,637 | 787,513 | 326,172 |
| Acquired card receivables, net | (150,032) | (129,439) | (185,486) |
| Purchases of property and equipment | (3,334) | (4,335) | (976) |
| Capitalization of internal-use software costs | (57,822) | (33,767) | (19,917) |
| Other | (1,809) | (2,460) | (500) |
| Net cash used in investing activities | (28,598) | (817,390) | (409,374) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of convertible senior notes | — | 1,400,000 | — |
| Cash paid for convertible senior notes issuance costs | — | (24,006) | — |
| Payments for repurchase and settlement of convertible senior notes | (33,463) | (539,403) | (933,187) |
| Proceeds from unwind of capped calls | — | — | 11,442 |
| Purchase of capped calls | — | (92,960) | — |
| Customer fund deposits liability and other | 285,549 | 318,683 | 353,964 |
| Prepaid card deposits | 27,125 | 28,517 | (17,901) |
| Repurchase of common stock | (560,485) | (430,002) | (211,902) |
| Proceeds from line of credit borrowings | 150,000 | — | 45,000 |
| Cash paid for line of credit issuance costs | (811) | (1,721) | — |
| Proceeds from exercise of stock options | 2,945 | 3,701 | 8,114 |
| Tax withholdings related to net share settlements of equity awards | (55,616) | (7,840) | (3,862) |
| Proceeds from issuance of common stock under the employee stock purchase plan | 11,921 | 11,553 | 16,495 |
| Contingent consideration payout | — | — | (10,762) |
| Net cash provided by (used in) financing activities | (172,835) | 666,522 | (742,599) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | (50) | (290) | (240) |
| Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents | 214,349 | 199,486 | (873,442) |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year | 3,550,884 | 3,351,398 | 4,224,840 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year | $3,765,233 | $3,550,884 | $3,351,398 |
| Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents within the consolidated balance sheets to the amounts shown in the consolidated statements of cash flows above: | |||
| Cash and cash equivalents | $1,031,053 | $1,038,346 | $985,941 |
| Restricted cash included in other current assets | 137,635 | 101,620 | 174,101 |
| Restricted cash included in other assets | 3,304 | 4,885 | 5,297 |
| Restricted cash and restricted cash equivalents included in funds held for customers | 2,593,241 | 2,406,033 | 2,186,059 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year | $3,765,233 | $3,550,884 | $3,351,398 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest during the period | $18,963 | $13,782 | $12,611 |
| Cash paid for income taxes during the period | $1,108 | $6,321 | $5,628 |
| Noncash investing and financing activities: | |||
| Payable on purchases of property and equipment and internal-use software costs | $3,407 | $5,234 | $906 |
| Payable on purchases of acquired card receivables | 40,397 | 9,213 | 105,406 |
| Payable on repurchase of common stock | 9,998 | 5,000 | — |
| Payable on excise tax | 4,437 | 2,653 | — |
| Issuance and exercise of warrants | $— | $13,125 | $8,750 |
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