For the quarter ending 2026-03-31, BILL had -$307,807K decrease in cash & cash equivalents over the period. $102,506K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 12,785 | -2,588 | -2,962 | -7,072 |
| Stock-based compensation | 53,937 | 64,256 | 58,805 | 59,761 |
| Amortization of intangible assets | 15,164 | 15,165 | 15,165 | 15,165 |
| Depreciation of property and equipment | 5,297 | 7,615 | 3,839 | 3,160 |
| Amortization of capitalized internal-use software costs paid in cash | - | - | - | 3,561 |
| Amortization of capitalized internal-use software costs and other paid in cash | 7,921 | 12,610 | 4,507 | - |
| Amortization of debt discount and issuance costs | 1,591 | 1,625 | 1,610 | 1,459 |
| Accretion of discount on investments in marketable debt securities | 5,258 | 6,422 | 7,464 | 7,590 |
| Accretion of discount on loans held for investment | 7,083 | 7,144 | 6,533 | 5,976 |
| Gain on debt extinguishment | 0 | 0 | - | 0 |
| Provision for expected credit losses on acquired card receivables and other financial assets | 18,834 | 22,624 | 16,096 | 15,785 |
| Non-cash operating lease expense | 2,081 | 2,050 | 2,019 | 1,990 |
| Other | -113 | -468 | -368 | 514 |
| Accounts receivable | -9,212 | 9,075 | -273 | 5,740 |
| Prepaid expenses and other current assets | 1,514 | -7,510 | -5,403 | 8,780 |
| Other assets | -284 | -1,168 | 1,378 | -19 |
| Accounts payable | 2,046 | -724 | -9,797 | 6,453 |
| Other accruals and current liabilities | -11,441 | -1,644 | 20,826 | 15,841 |
| Operating lease liabilities | -2,820 | -2,360 | -2,331 | -9,412 |
| Other long-term liabilities | 1,166 | - | - | -2,215 |
| Deferred revenue | 359 | 183 | -1,591 | 734 |
| Net cash provided by operating activities | 102,674 | 105,317 | 96,855 | 83,816 |
| Cash paid for acquisition, net of acquired cash and cash equivalents | - | - | - | 0 |
| Purchases of corporate and customer fund short-term investments | 650,076 | 310,786 | 372,347 | 532,761 |
| Proceeds from maturities and sales of corporate and customer fund short-term investments | 465,876 | 453,200 | 328,254 | 487,261 |
| Purchase of intangible assets | 0 | 0 | - | 0 |
| Purchases of loans held for investment | 249,214 | 268,604 | 241,680 | 222,041 |
| Principal repayments of loans held for investment | 251,476 | 271,096 | 244,471 | 223,218 |
| Acquired card receivables, net | 100,736 | -6,918 | 52,826 | -16,949 |
| Purchases of property and equipment | 168 | 1,492 | 1,299 | 2,789 |
| Capitalization of internal-use software costs | 17,774 | 12,692 | 13,294 | 12,548 |
| Proceeds from beneficial interest | - | - | - | 0 |
| Other | 372 | 1,066 | 0 | 878 |
| Net cash used in investing activities | -300,988 | 136,574 | -108,721 | -43,589 |
| Proceeds from issuance of convertible senior notes | 0 | 0 | - | 1,400,000 |
| Cash paid for convertible senior notes issuance costs | 0 | 0 | - | 0 |
| Payments for repurchase and settlement of convertible senior notes | 0 | 33,463 | - | 0 |
| Proceeds from unwind of capped calls | - | - | - | 0 |
| Purchase of capped calls | 0 | 0 | - | 0 |
| Customer fund deposits liability | -40,233 | 52,087 | -68,715 | 380,539 |
| Prepaid card deposits | 2,463 | 12,330 | 16,764 | -14,956 |
| Repurchase of common stock | 56,862 | 132,651 | 83,145 | 30,001 |
| Proceeds from line of credit borrowings | 0 | 0 | 150,000 | 0 |
| Cash paid for line of credit issuance costs | - | - | - | 1,721 |
| Proceeds from exercise of stock options | 683 | 558 | 276 | 929 |
| Tax withholdings related to net share settlements of equity awards | 14,487 | 15,397 | 14,080 | 1,424 |
| Proceeds from issuance of common stock under the employee stock purchase plan | 0 | 4,648 | 0 | 6,251 |
| Contingent consideration payout | - | - | - | 0 |
| Other | -1,126 | -1,128 | - | - |
| Net cash provided by (used in) financing activities | -109,562 | -113,016 | 1,100 | 339,617 |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | 69 | -2 | 75 | -109 |
| Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents | -307,807 | 128,873 | -10,691 | 379,735 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period | 3,669,067 | 3,540,194 | 3,550,885 | 3,171,150 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period | 3,361,260 | 3,669,067 | 3,540,194 | 3,550,884 |
BILL Holdings, Inc. (BILL)
BILL Holdings, Inc. (BILL)