{ "ok": true, "cik": "1786352", "ticker": "BILL", "name": "BILL Holdings, Inc.", "filings": [ { "form": "10-K", "filed": "2026-08-20", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1786352/000162828026058238/0001628280-26-058238-index.htm" }, { "form": "8-K", "filed": "2026-08-19", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1786352/000162828026057932/0001628280-26-057932-index.htm" }, { "form": "8-K", "filed": "2026-05-26", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1786352/000119312526239245/0001193125-26-239245-index.htm" }, { "form": "10-Q", "filed": "2026-05-08", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1786352/000162828026032387/0001628280-26-032387-index.htm" }, { "form": "8-K", "filed": "2026-05-07", "items": [ "2.02 Results of Operations and Financial Condition", "2.05 Costs Associated with Exit or Disposal Activities", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/0001628280-26-032064-index.htm" }, { "form": "8-K", "filed": "2026-03-16", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/1786352/000162828026018149/0001628280-26-018149-index.htm" } ], "events12m": 12, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "2.05", "label": "Restructuring or exit costs", "count": 1, "latest": { "filed": "2026-05-07", "url": "https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/0001628280-26-032064-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 7, "latest": { "filed": "2026-05-26", "url": "https://www.sec.gov/Archives/edgar/data/1786352/000119312526239245/0001193125-26-239245-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001786352.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1786352" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up BILL Holdings, Inc. ($BILL). Last filing: 10-K, 2026-08-20. 12 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2026-06-30", "revenue": 1653160000, "revenueGrowth1y": 0.13031171157619803, "revenueGrowthPerYear": 0.2667820449453804, "yearsOfData": 5, "operatingMargin": -0.044428246509714726, "operatingMarginPrior": -0.0551098408965041, "netMargin": -0.006799704807762104, "operatingCashFlow": 415832000, "capitalSpending": 3334000, "freeCashFlow": 412498000, "researchAndDevelopment": 300571000, "researchShareOfRevenue": 0.18181603716518668, "cash": 1031053000, "longTermDebt": 1836123000, "longTermDebtChange": 0.07095662216311749, "revenueHistory": [ { "fiscalYearEnd": "2022-06-30", "revenue": 641959000 }, { "fiscalYearEnd": "2023-06-30", "revenue": 1058468000 }, { "fiscalYearEnd": "2024-06-30", "revenue": 1290172000 }, { "fiscalYearEnd": "2025-06-30", "revenue": 1462570000 }, { "fiscalYearEnd": "2026-06-30", "revenue": 1653160000 } ], "totalEquity": 3530602000, "totalAssets": 10218139000, "equityRatio": 0.3455229959193156, "returnOnEquity": -0.0031838762907855376, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -0.11, "sharesOutstanding": 99918000, "bookValuePerShare": 35.33499469565044, "revenuePerShare": 16.545167036970316, "range80": { "low": 1197603494.540502, "high": 2858338997.654237, "baseline": 1893319562.4457786, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5714285714285714, "growthYears": 5, "ownVolatility": 0.37144760598405724, "classVolatility": 0.07701947805587882, "volatility": 0.2852791354759029 }, "ifPaceHeld": { "low": 1197603494.540502, "high": 2858338997.654237 } }, "edgarette": "🔖 Exposure: revenue $1.7B (FY2026), total debt $1.8B. Experience: revenue up 13.0% on the year, up 26.7% a year over 4 years; operating margin -4.4%, up from -5.5%. Soundness: equity 34.6% of assets, return on equity -0.3%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.2B and $2.9B next year (method v4.1: its own 5-year record of growth weighed at 57% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $871.6M to $3.9B. A statistical range, not company guidance. Against peers (140 filers, $50M+ revenue, services-prepackaged software): operating margin -4.4% against a 0.9% median; growth 13.0% against 13.0%.", "peers": { "sic": 7372, "sicDescription": "Services-Prepackaged Software", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7372", "growth": [ 0.1304, 140 ], "opMargin": [ 0.0091, 140 ], "equityRatio": [ 0.4999, 136 ], "returnOnEquity": [ 0.0234, 120 ], "payoutRatio": [ 0.3057, 11 ] }, "summary": "BILL Holdings (BILL) grew revenue 13.0% in FY2026 to $1.7 billion, operating margin -4.4% against a 0.9% median for services-prepackaged software, equity 34.6% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
BILL Holdings, Inc. against its own record and its peers
Operating marginPeer median 0.9%-4.4%Revenue, on the yearPeer median 13.0%13.0%Equity of assetsPeer median 50.0%34.6%Return on equityPeer median 2.3%-0.3%Gold tick: the median of 120–136 peers with $50M+ revenue in services-prepackaged software
", "chartHorizon": null, "backtest": { "tests": 5, "hits": 3, "rate": 0.6, "method": "v4", "byYear": { "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ], "2026": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T18:46:37.952Z", "hash": "72f6b042938af256", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "BILL Holdings (BILL) grew revenue 13.0% in FY2026 to $1.7 billion, operating margin -4.4% against a 0.9% median for services-prepackaged software, equity 34.6% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2026-06-30", "revenue": 1653160000, "totalDebt": 1836123000, "cash": 1031053000 }, "experience": { "revenueGrowth1y": 0.13031171157619803, "revenueGrowthPerYear": 0.2667820449453804, "operatingMargin": -0.044428246509714726, "operatingMarginPrior": -0.0551098408965041, "netMargin": -0.006799704807762104, "freeCashFlow": 412498000 }, "soundness": { "equityRatio": 0.3455229959193156, "returnOnEquity": -0.0031838762907855376, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 7372, "sicDescription": "Services-Prepackaged Software", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7372", "growth": [ 0.1304, 140 ], "opMargin": [ 0.0091, 140 ], "equityRatio": [ 0.4999, 136 ], "returnOnEquity": [ 0.0234, 120 ], "payoutRatio": [ 0.3057, 11 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "2.05", "label": "Restructuring or exit costs", "count": 1, "latest": { "filed": "2026-05-07", "url": "https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/0001628280-26-032064-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 7, "latest": { "filed": "2026-05-26", "url": "https://www.sec.gov/Archives/edgar/data/1786352/000119312526239245/0001193125-26-239245-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 1197603494.540502, "high": 2858338997.654237, "baseline": 1893319562.4457786, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.571, "growthYears": 5, "ownVolatility": 0.37144760598405724, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.2852791354759029, "k": 3 }, "stress": { "low": 871639929.3791933, "high": 3928465189.9637823, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 5, "hits": 3, "rate": 0.6, "method": "v4", "byYear": { "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ], "2026": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T18:46:37.952Z", "hash": "72f6b042938af256", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001786352.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1786352" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2397, "growth3y": 0.3158, "volatility": 0.3933, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.3759, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 24.0% of revenue into operating cash; revenue growing 31.6% a year over three years; no common dividend.", "outside": "Among $1B-10B companies: 73rd percentile for cash, 94th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$1B-10B", "cashPctInClass": 73, "growthPctInClass": 94, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed restructuring or exit costs in the last 12 months" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±41%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 2, "name": "Weathered boat", "plain": "two warning signs" }, "cashFlow": { "fiscalYearEnd": "2026-06-30", "operating": 415832000, "investing": -28598000, "financing": -172835000, "capitalSpending": 3334000, "free": 412498000, "trend": [ { "fiscalYearEnd": "2022-06-30", "operating": -18093000, "free": -23470000 }, { "fiscalYearEnd": "2023-06-30", "operating": 187768000, "free": 180179000 }, { "fiscalYearEnd": "2024-06-30", "operating": 278771000, "free": 277795000 }, { "fiscalYearEnd": "2025-06-30", "operating": 350644000, "free": 346309000 }, { "fiscalYearEnd": "2026-06-30", "operating": 415832000, "free": 412498000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2026-06-30", "cash": 1031053000, "shortTerm": 1250220000, "longTerm": 1393345000, "equityHoldings": null, "totalAssets": 10218139000, "ladder": { "within1y": 1250220000, "y1to5": 1393131000, "y5to10": 214000, "y10plus": null, "noSingleDate": null }, "currentRatio": 1.51, "unrealizedGain": 746000, "unrealizedLoss": 3193000, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2397, "growth3y": 0.3158, "volatility": 0.3933, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.3759, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 24.0% of revenue into operating cash; revenue growing 31.6% a year over three years; no common dividend.", "outside": "Among $1B-10B companies: 73rd percentile for cash, 94th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$1B-10B", "cashPctInClass": 73, "growthPctInClass": 94, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed restructuring or exit costs in the last 12 months" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±41%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 2, "name": "Weathered boat", "plain": "two warning signs" }, "cashFlow": { "fiscalYearEnd": "2026-06-30", "operating": 415832000, "investing": -28598000, "financing": -172835000, "capitalSpending": 3334000, "free": 412498000, "trend": [ { "fiscalYearEnd": "2022-06-30", "operating": -18093000, "free": -23470000 }, { "fiscalYearEnd": "2023-06-30", "operating": 187768000, "free": 180179000 }, { "fiscalYearEnd": "2024-06-30", "operating": 278771000, "free": 277795000 }, { "fiscalYearEnd": "2025-06-30", "operating": 350644000, "free": 346309000 }, { "fiscalYearEnd": "2026-06-30", "operating": 415832000, "free": 412498000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2026-06-30", "cash": 1031053000, "shortTerm": 1250220000, "longTerm": 1393345000, "equityHoldings": null, "totalAssets": 10218139000, "ladder": { "within1y": 1250220000, "y1to5": 1393131000, "y5to10": 214000, "y10plus": null, "noSingleDate": null }, "currentRatio": 1.51, "unrealizedGain": 746000, "unrealizedLoss": 3193000, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }