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
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 EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue | ||
| Subscription and transaction fees (1) | $316,388 | $276,714 |
| Interest on funds held for customers | 37,386 | 37,736 |
| Total revenue (1) | 353,774 | 314,450 |
| Cost of revenue | ||
| Service costs | 68,950 | 66,066 |
| Depreciation and amortization (2) | 12,703 | 10,937 |
| Total cost of revenue | 81,653 | 77,003 |
| Gross profit (1) | 272,121 | 237,447 |
| Operating expenses | ||
| Research and development | 50,519 | 80,289 |
| Sales and marketing (1) | 57,980 | 67,925 |
| General and administrative | 65,281 | 76,919 |
| Provision for expected credit losses | 14,540 | 16,096 |
| Depreciation and amortization (2) | 8,271 | 8,067 |
| Restructuring | 24,372 | 8,870 |
| Total operating expenses (1) | 220,963 | 258,166 |
| Income (loss) from operations | 51,158 | (20,719) |
| Other income, net | 10,335 | 17,906 |
| Income (loss) before provision for income taxes | 61,493 | (2,813) |
| Provision for income taxes | 1,240 | 149 |
| Net income (loss) | $60,253 | $(2,962) |
| Net income (loss) per share attributable to common stockholders: | ||
| Basic | $0.69 | $(0.03) |
| Diluted | $0.61 | $(0.03) |
| Weighted-average number of common shares used to compute net income (loss) per share attributable to common stockholders: | ||
| Basic | 87,016 | 101,922 |
| Diluted | 100,967 | 101,922 |
(1)Prior period amounts have been retrospectively adjusted to reflect a change in accounting principle adopted in the first quarter of fiscal 2027 related to the presentation of rewards. Refer to Note 1 for additional information.
(2) Depreciation and amortization does not include amortization of capitalized internal-use software costs paid in cash of$10.5 million and $4.5 million during the three months ended September 30, 2026 and 2025, respectively, which are included in service costs and general and administrative in the condensed consolidated statements of operations.
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