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Other financials

Income statement

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Revenue$406.6M+13.5%
Gross profit$331.9M+14.0%
Operating income-$399.0K+98.6%
Net income$12.8M+210%
EPS (diluted)$0.12+209%

Balance sheet

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Cash & equivalents$3.4B+6.0%
Total debt$1.9B+6.3%
Total equity$3.8B-1.7%
Total assets$10.1B+4.6%

Cash flow

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Operating cash flow$102.7M+3.2%
CapEx$168.0K-85.4%
Free cash flow$102.5M+4.2%

Valuation

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Market cap$4.68B+7.6%
Enterprise value$3.21B-37.5%
P/S2.9×0.0×

Profitability

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Gross margin80.7%-0.8pp
Operating margin-3.8%-0.9pp
Net margin-4.2%-1.9pp
FCF margin23.9%-0.2pp

Returns & leverage

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Return on equity-1.3%-0.6pp
Debt / equity0.5×0.0×
Current ratio1.7×0.0×

Where this comes from

Reported directly by BILL Holdings in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: BILL Holdings’s 10-Q, filed May 8, 2026.

Filed
May 7, 2026, 8:00 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-032387
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025Nine Months Ended March 31, 2026Nine Months Ended March 31, 2025
Total cost of revenue74,70867,212235,300198,515
Gross profit331,855291,005981,674880,706
Operating expenses
Research and development74,38586,540237,480250,009
Sales and marketing153,226136,758457,880395,614
General and administrative72,28673,851228,700211,744
Provision for expected credit losses18,83414,94557,55456,964
Depreciation and amortization (1)8,4797,85724,92924,728

Item 1. Financial Statements (Unaudited)

FAQ

What is BILL Holdings's R&D?
BILL Holdings (BILL) reported R&D of $74.39M in Q1 2026.
How has BILL Holdings's R&D changed year-over-year?
BILL Holdings's R&D decreased by 14.0% year-over-year, from $86.54M to $74.39M.
What is the long-term trend for BILL Holdings's R&D?
Over 3 years (2022 to 2025), BILL Holdings's R&D has grown at a 15.7% compound annual growth rate (CAGR), from $219.82M to $340.06M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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