Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $64.9M | $108M | $158M | $238M | $642M | $1.06B | $1.29B | $1.46B |
| Revenue growth | — | 67.0% | 45.5% | 51.2% | 169.4% | 64.9% | 21.9% | 13.4% |
| Gross profit | $45.5M | $78.4M | $118M | $176M | $497M | $864M | $1.06B | $1.19B |
| Gross margin | 70.1% | 72.4% | 75.2% | 74.1% | 77.4% | 81.7% | 81.8% | 81.4% |
| Operating income | -$7.82M | -$9.80M | -$34.2M | -$114M | -$317M | -$296M | -$174M | -$80.6M |
| Operating margin | -12.1% | -9.0% | -21.7% | -47.8% | -49.4% | -27.9% | -13.5% | -5.5% |
| Net income | -$7.20M | -$7.31M | -$31.1M | -$98.7M | -$326M | -$224M | -$28.9M | $23.8M |
| Net margin | -11.1% | -6.8% | -19.7% | -41.4% | -50.8% | -21.1% | -2.2% | 1.6% |
| EPS (diluted) | -$1.01 | -$0.94 | -$0.70 | -$1.19 | -$3.21 | -$2.11 | -$0.27 | -$0.07 |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8.36M | -$3.95M | -$4.43M | $4.62M | -$18.1M | $188M | $279M | $351M |
| Capital expenditures | $1.31M | $2.74M | $11.4M | $18.9M | $5.38M | $7.59M | $976K | $4.33M |
| Free cash flow | -$9.67M | -$6.69M | -$15.9M | -$14.3M | -$23.5M | $180M | $278M | $346M |
| Share buybacks | — | — | — | $0.00 | $0.00 | $87.6M | $212M | $430M |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $22.4M | $90.3M | $574M | $510M | $1.60B | $1.62B | $986M | $1.04B |
| Total assets | — | $1.53B | $2.40B | $5.97B | $9.26B | $9.64B | $9.18B | $10.1B |
| Total liabilities | — | $1.35B | $1.69B | $3.44B | $5.21B | $5.55B | $5.04B | $6.15B |
| Long-term debt | — | — | — | $989M | $1.77B | $1.84B | $914M | $1.71B |
| Shareholders' equity | -$102M | -$103M | $711M | $2.53B | $4.04B | $4.09B | $4.13B | $3.91B |
| Retained earnings | — | -$118M | -$149M | -$247M | -$545M | -$856M | -$1.10B | -$1.51B |
| Shares (wtd avg diluted) | — | — | 44.1M | 82.8M | 102M | 106M | 106M | 104M |
Every figure is extracted from BILL Holdings, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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