BILL Holdings, Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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.
Sep 30, 2026 · Filed Nov 6, 2026
BILL$53.74-0.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $60,253 | $(2,962) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Stock-based compensation | 40,727 | 58,805 |
| Amortization of intangible assets | 15,165 | 15,165 |
| Depreciation of property and equipment | 5,809 | 3,839 |
| Amortization of capitalized internal-use software costs and other paid in cash | 10,475 | 4,507 |
| Amortization of debt discount and issuance costs | 1,625 | 1,610 |
| Accretion of discount on investments in marketable debt securities | (4,340) | (7,464) |
| Accretion of discount on loans held for investment | (7,678) | (6,533) |
| Provision for expected credit losses on acquired card receivables and other financial assets | 10,330 | 12,190 |
| Provision for expected credit losses on loans held for investment | 4,210 | 3,906 |
| Non-cash operating lease expense | 2,147 | 2,019 |
| Impairment of operating lease right-of-use assets and property and equipment | 25,838 | — |
| Other | 94 | 368 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 385 | 273 |
| Prepaid expenses and other current assets | (1,195) | 5,403 |
| Other assets | (531) | (1,378) |
| Accounts payable | (2,600) | (9,797) |
| Other accruals and current liabilities | (62,262) | 20,826 |
| Operating lease liabilities | (2,548) | (2,331) |
| Deferred revenue | 905 | (1,591) |
| Net cash provided by operating activities | 96,809 | 96,855 |
| Cash flows from investing activities: | ||
| Purchases of corporate and customer fund short-term investments | (188,513) | (372,347) |
| Proceeds from maturities and sales of corporate and customer fund short-term investments | 436,518 | 328,254 |
| Purchases of loans held for investment | (296,102) | (241,680) |
| Principal repayments of loans held for investment | 290,122 | 244,471 |
| Acquired card receivables, net | (84,771) | (52,826) |
| Purchases of property and equipment | (80) | (1,299) |
| Capitalization of internal-use software costs | (13,836) | (13,294) |
| Other | (942) | — |
| Net cash provided by (used in) investing activities | 142,396 | (108,721) |
| Three Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from financing activities: | ||
| Customer fund deposits liability | (216,428) | (68,715) |
| Prepaid card deposits | (5,223) | 16,764 |
| Repurchase of common stock | (312,163) | (83,145) |
| Proceeds from line of credit borrowings | — | 150,000 |
| Proceeds from exercise of stock options | 1,028 | 276 |
| Tax withholdings related to net share settlements of equity awards | (17,958) | (14,080) |
| Net cash provided by (used in) financing activities | (550,744) | 1,100 |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | 8 | 75 |
| Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents | (311,531) | (10,691) |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period | 3,765,233 | 3,550,885 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period | $3,453,702 | $3,540,194 |
| Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows above: | ||
| Cash and cash equivalents | $915,475 | $1,099,628 |
| Restricted cash included in other current assets | 141,237 | 111,842 |
| Restricted cash included in other assets | 3,304 | 4,885 |
| Restricted cash and restricted cash equivalents included in funds held for customers | 2,393,686 | 2,323,839 |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period | $3,453,702 | $3,540,194 |
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