For the quarter ending 2025-12-31, BILL had $128,873K increase in cash & cash equivalents over the period. $103,825K in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|
| Net income (loss) | -2,588 | -2,962 | -7,072 | -11,589 |
| Stock-based compensation | 64,256 | 58,805 | 59,761 | 62,230 |
| Amortization of intangible assets | 15,165 | 15,165 | 15,165 | 15,165 |
| Depreciation of property and equipment | 7,615 | 3,839 | 3,160 | 3,171 |
| Amortization of capitalized internal-use software costs paid in cash | - | - | 3,561 | 3,114 |
| Amortization of capitalized internal-use software costs and other paid in cash | 12,610 | 4,507 | - | - |
| Amortization of debt discount and issuance costs | 1,625 | 1,610 | 1,459 | 1,384 |
| Accretion of discount on investments in marketable debt securities | 6,422 | 7,464 | 7,590 | 7,738 |
| Accretion of discount on loans held for investment | 7,144 | 6,533 | 5,976 | 5,279 |
| Gain on debt extinguishment | 0 | - | 0 | 0 |
| Provision for expected credit losses on acquired card receivables and other financial assets | 22,624 | 16,096 | 15,785 | 14,945 |
| Non-cash operating lease expense | 2,050 | 2,019 | 1,990 | 2,067 |
| Other | -468 | -368 | 514 | -319 |
| Accounts receivable | 9,075 | -273 | 5,740 | -2,442 |
| Prepaid expenses and other current assets | -7,510 | -5,403 | 8,780 | -9,101 |
| Other assets | -1,168 | 1,378 | -19 | 516 |
| Accounts payable | -724 | -9,797 | 6,453 | 3,834 |
| Other accruals and current liabilities | -1,644 | 20,826 | 15,841 | 7,246 |
| Operating lease liabilities | -2,360 | -2,331 | -2,225 | -2,759 |
| Other long-term liabilities | - | - | -2,215 | 2,385 |
| Deferred revenue | 183 | -1,591 | 734 | 8 |
| Net cash provided by operating activities | 105,317 | 96,855 | 83,816 | 99,530 |
| Cash paid for acquisition, net of acquired cash and cash equivalents | - | - | 0 | - |
| Purchases of corporate and customer fund short-term investments | 310,786 | 372,347 | 532,761 | 1,104,408 |
| Proceeds from maturities and sales of corporate and customer fund short-term investments | 453,200 | 328,254 | 487,261 | 624,617 |
| Purchase of intangible assets | 0 | - | 0 | 0 |
| Purchases of loans held for investment | 268,604 | 241,680 | 222,041 | 196,212 |
| Principal repayments of loans held for investment | 271,096 | 244,471 | 223,218 | 194,846 |
| Acquired card receivables, net | -6,918 | 52,826 | -16,949 | 153,338 |
| Purchases of property and equipment | 1,492 | 1,299 | 2,789 | 1,546 |
| Capitalization of internal-use software costs | 12,692 | 13,294 | 12,548 | 7,460 |
| Proceeds from beneficial interest | - | - | 0 | - |
| Other | 1,066 | 0 | 878 | 604 |
| Net cash provided by (used in) investing activities | 136,574 | -108,721 | -43,589 | -644,105 |
| Proceeds from issuance of convertible senior notes | 0 | - | 0 | 1,400,000 |
| Cash paid for convertible senior notes issuance costs | 0 | - | 0 | 906 |
| Payments for repurchase and settlement of convertible senior notes | 33,463 | - | 0 | 0 |
| Proceeds from unwind of capped calls | - | - | 0 | 0 |
| Purchase of capped calls | 0 | - | 0 | 0 |
| Customer fund deposits liability | 52,087 | -68,715 | 380,539 | -114,587 |
| Prepaid card deposits | 12,330 | 16,764 | -14,956 | 11,102 |
| Repurchase of common stock | 132,651 | 83,145 | 30,001 | 0 |
| Proceeds from line of credit borrowings | 0 | 150,000 | 0 | 0 |
| Cash paid for line of credit issuance costs | - | - | 1,721 | - |
| Proceeds from exercise of stock options | 558 | 276 | 929 | 520 |
| Tax withholdings related to net share settlements of equity awards | 15,397 | 14,080 | 1,424 | 1,702 |
| Proceeds from issuance of common stock under the employee stock purchase plan | 4,648 | 0 | 6,251 | 0 |
| Contingent consideration payout | - | - | 0 | 0 |
| Other | -1,128 | - | - | - |
| Net cash provided by (used in) financing activities | -113,016 | 1,100 | 339,617 | -105,573 |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | -2 | 75 | -109 | 591 |
| Net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents | 128,873 | -10,691 | 379,735 | -649,557 |
| Cash and cash equivalents at beginning of period | 3,540,194 | 3,550,885 | 3,171,150 | 3,820,707 |
| Cash and cash equivalents at end of period | 3,669,067 | 3,540,194 | 3,550,884 | 3,171,150 |
BILL Holdings, Inc. (BILL)
BILL Holdings, Inc. (BILL)