Recent News
On August 27, 2025 the company reported fiscal 2025 results, citing $1.46B in total revenue, core revenue growth of 16% year‑over‑year, and a new $300M share repurchase authorization; on November 6, 2025 BILL reported Q1 FY26 results showing continued revenue growth and announced several Embed 2.0 partnerships with major platform partners.
Technical Analysis
Directional indicators: ADX at 25.32 indicates a strong underlying trend; directional movement reads bearish as DI‑ sits at 27.48 and is increasing while DI+ sits at 14.34 and is decreasing, implying negative directional pressure on price and tying to a cautious near‑term outlook.
MACD: MACD at -1.03 with a declining MACD_trend and a signal line at -0.38 indicates negative and declining momentum, reinforcing the immediate downside bias until a MACD dip‑and‑reverse or a MACD cross above the signal line appears.
MRO: MRO at -24.41 and decreasing signals the price trades below target and suggests material upside potential from mean reversion if momentum indicators turn constructive; current direction strengthens that potential.
RSI and price momentum: RSI at 41.46 and decreasing places momentum below neutral, which could limit immediate upside and favors consolidation unless buying momentum reappears.
Price vs moving averages and bands: The last close at $45.59 sits below the 20‑, 50‑ and 200‑day averages (20d: $49.10; 50d: $50.75; 200d: $49.73), and inside the lower segments of the Bollinger bands (lower 1σ $46.41, lower 2σ $43.72), indicating price beneath typical trend anchors and nearer lower volatility support—this aligns with the bearish directional indicators while leaving room for mean reversion toward those averages.
Volume & volatility: Today’s volume about 4.96M exceeds the 10‑day average (2.56M) and the 50/200‑day averages, showing conviction behind recent moves; 42‑day beta 1.24 and 52‑week beta 1.80 confirm above‑market sensitivity, increasing swing risk for short‑term traders.
Fundamental Analysis
Revenue and top‑line growth: Total revenue totaled $383.35M for the period ending 2025‑06‑30. Trailing revenue growth reads 7.02%, with year‑over‑year revenue growth of 9.83% and a quarter‑over‑quarter change of -6.87%, signaling continued expansion on an annual basis but some sequential moderation.
Profitability and margins: Gross margin stands at 80.80%, above the industry peer mean of 72.32% and close to the peer high, reflecting strong product economics. Operating margin at -5.80% improved on a quarter‑over‑quarter basis by 2.79 percentage points but remains negative year‑over‑year by -2.59 percentage points; EBIT margin at 0.34% sits well below the industry peer mean of 34.28%, indicating limited operating leverage at the EBIT line despite strong gross margins.
Earnings and cash generation: GAAP net income totaled a loss of $7.07M, while EBIT came in at $1.292M and EBITDA at $23.178M. EPS actual of $0.61 beat the estimate of $0.51 by $0.10, an EPS surprise of 19.61%. Free cash flow reached $68.48M, producing a free cash flow yield of 1.50%, above the industry peer mean of 0.53% and supporting capital return actions such as the announced repurchase program.
Balance sheet and liquidity: Cash and short‑term investments total $2.218B against total debt of $1.772B, leaving net debt around $676.12M. Current ratio at 1.58 approximates the industry peer mean of 1.69. Debt to assets measures 17.62%, marginally above the industry peer mean of 16.12%, and debt to equity sits at 45.29%, indicating a moderate leverage posture relative to the balance sheet size.
Returns and efficiency: Return on equity registers -0.18% and return on assets -0.07%, both negative and underperforming typical profitable peers; asset turnover at 3.89% remains below the industry peer mean of 12.98%, showing room to improve capital efficiency as revenue scales.
Valuation context: Price multiples sit below peer averages in several measures: P/B at 1.17x under the industry peer mean of 12.08x; PE at 83.12x below the industry peer mean of 139.09x; PEG at 13.85x below the industry peer mean of 17.81x; PS at 11.90x below the industry peer mean of 45.70x. Free cash flow yield above the industry peer mean and substantial cash buffers underpin the firm’s ability to pursue buybacks and investment while maintaining liquidity.
WMDST valuation: WMDST values the stock as under‑valued given the combination of strong gross margins, positive free cash flow yield above peers, and a conservative balance sheet despite negative returns metrics and a thin EBIT margin.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-11-06 |
| NEXT REPORT DATE: | 2026-02-05 |
| CASH FLOW | Begin Period Cash Flow | $ 3.2 B |
| Operating Cash Flow | $ 83.8 M | |
| Capital Expenditures | $ -15.34 M | |
| Change In Working Capital | $ 4.1 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 379.7 M | |
| End Period Cash Flow | $ 3.6 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 383.3 M | |
| Forward Revenue | $ -722.42 M | |
| COSTS | ||
| Cost Of Revenue | $ 73.6 M | |
| Depreciation | $ 3.2 M | |
| Depreciation and Amortization | $ 21.9 M | |
| Research and Development | $ 90.0 M | |
| Total Operating Expenses | $ 405.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 309.8 M | |
| EBITDA | $ 23.2 M | |
| EBIT | $ 1.3 M | |
| Operating Income | $ -22.25 M | |
| Interest Income | $ 24.5 M | |
| Interest Expense | $ 4.4 M | |
| Net Interest Income | $ 20.2 M | |
| Income Before Tax | $ -3.07 M | |
| Tax Provision | $ 4.0 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ -7.07 M | |
| Net Income From Continuing Operations | $ -7.07 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.51 | |
| EPS Actual | $ 0.61 | |
| EPS Difference | $ 0.10 | |
| EPS Surprise | 19.608 % | |
| Forward EPS | $ 0.52 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 10.1 B | |
| Intangible Assets | $ 2.6 B | |
| Net Tangible Assets | $ 1.3 B | |
| Total Current Assets | $ 7.2 B | |
| Cash and Short-Term Investments | $ 2.2 B | |
| Cash | $ 1.0 B | |
| Net Receivables | $ 32.3 M | |
| Inventory | — | |
| Long-Term Investments | $ 33.2 M | |
| LIABILITIES | ||
| Accounts Payable | $ 16.3 M | |
| Short-Term Debt | $ 213.4 M | |
| Total Current Liabilities | $ 4.6 B | |
| Net Debt | $ 676.1 M | |
| Total Debt | $ 1.8 B | |
| Total Liabilities | $ 6.1 B | |
| EQUITY | ||
| Total Equity | $ 3.9 B | |
| Retained Earnings | $ -1.51 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 38.00 | |
| Shares Outstanding | 103.012 M | |
| Revenue Per-Share | $ 3.72 | |
| VALUATION | Market Capitalization | $ 4.6 B |
| Enterprise Value | $ 4.1 B | |
| Enterprise Multiple | 177.594 | |
| Enterprise Multiple QoQ | -41.868 % | |
| Enterprise Multiple YoY | 73.266 % | |
| Enterprise Multiple IPRWA | high: 634.148 BILL: 177.594 mean: 91.157 median: 82.154 low: -577.222 |
|
| EV/R | 10.738 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.571 | |
| Asset To Liability | 1.636 | |
| Debt To Capital | 0.312 | |
| Debt To Assets | 0.176 | |
| Debt To Assets QoQ | -4.339 % | |
| Debt To Assets YoY | 12305.634 % | |
| Debt To Assets IPRWA | high: 1.095 BILL: 0.176 mean: 0.161 median: 0.098 low: 0.002 |
|
| Debt To Equity | 0.453 | |
| Debt To Equity QoQ | -1.172 % | |
| Debt To Equity YoY | 14324.841 % | |
| Debt To Equity IPRWA | high: 3.008 BILL: 0.453 mean: 0.299 median: 0.176 low: -0.874 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.166 | |
| Price To Book QoQ | -14.472 % | |
| Price To Book YoY | -12.8 % | |
| Price To Book IPRWA | high: 34.07 mean: 12.076 median: 10.727 BILL: 1.166 low: -16.218 |
|
| Price To Earnings (P/E) | 83.116 | |
| Price To Earnings QoQ | -19.073 % | |
| Price To Earnings YoY | -8.566 % | |
| Price To Earnings IPRWA | high: 564.562 mean: 139.093 median: 130.187 BILL: 83.116 low: -357.639 |
|
| PE/G Ratio | 13.853 | |
| Price To Sales (P/S) | 11.9 | |
| Price To Sales QoQ | -19.18 % | |
| Price To Sales YoY | -25.99 % | |
| Price To Sales IPRWA | high: 113.355 median: 48.199 mean: 45.704 BILL: 11.9 low: 1.219 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 90.548 | |
| Forward PE/G | 15.091 | |
| Forward P/S | -6.315 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -17.607 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.039 | |
| Asset Turnover Ratio QoQ | 4.904 % | |
| Asset Turnover Ratio YoY | 3.647 % | |
| Asset Turnover Ratio IPRWA | high: 0.416 mean: 0.13 median: 0.129 BILL: 0.039 low: 0.0 |
|
| Receivables Turnover | 12.994 | |
| Receivables Turnover Ratio QoQ | 0.795 % | |
| Receivables Turnover Ratio YoY | 9.536 % | |
| Receivables Turnover Ratio IPRWA | BILL: 12.994 high: 4.687 mean: 1.421 median: 1.257 low: 0.131 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 7.022 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.145 | |
| CapEx To Revenue | -0.04 | |
| CapEx To Depreciation | -4.853 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 5.4 B | |
| Net Invested Capital | $ 5.6 B | |
| Invested Capital | $ 5.6 B | |
| Net Tangible Assets | $ 1.3 B | |
| Net Working Capital | $ 2.7 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.483 | |
| Current Ratio | 1.578 | |
| Current Ratio QoQ | -6.848 % | |
| Current Ratio YoY | 1.5 % | |
| Current Ratio IPRWA | high: 9.787 mean: 1.695 BILL: 1.578 median: 1.353 low: 0.079 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 76.488 | |
| Cost Of Debt | 0.194 % | |
| Interest Coverage Ratio | 0.296 | |
| Interest Coverage Ratio QoQ | -125.921 % | |
| Interest Coverage Ratio YoY | -88.302 % | |
| Interest Coverage Ratio IPRWA | high: 181.115 median: 54.034 mean: 37.824 BILL: 0.296 low: -203.84 |
|
| Operating Cash Flow Ratio | 0.004 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 17.374 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.478 % | |
| Revenue Growth | 7.016 % | |
| Revenue Growth QoQ | -686.622 % | |
| Revenue Growth YoY | 9.831 % | |
| Revenue Growth IPRWA | high: 32.808 % median: 9.099 % BILL: 7.016 % mean: 6.944 % low: -28.474 % |
|
| Earnings Growth | 6.0 % | |
| Earnings Growth QoQ | -156.001 % | |
| Earnings Growth YoY | -220.0 % | |
| Earnings Growth IPRWA | high: 157.143 % BILL: 6.0 % median: 5.491 % mean: 4.934 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 80.804 % | |
| Gross Margin QoQ | -0.533 % | |
| Gross Margin YoY | -0.276 % | |
| Gross Margin IPRWA | high: 91.297 % BILL: 80.804 % mean: 72.317 % median: 68.585 % low: 33.069 % |
|
| EBIT Margin | 0.337 % | |
| EBIT Margin QoQ | -121.983 % | |
| EBIT Margin YoY | -90.772 % | |
| EBIT Margin IPRWA | high: 74.313 % median: 43.473 % mean: 34.275 % BILL: 0.337 % low: -124.558 % |
|
| Return On Sales (ROS) | -5.804 % | |
| Return On Sales QoQ | 278.604 % | |
| Return On Sales YoY | -258.927 % | |
| Return On Sales IPRWA | high: 76.082 % median: 44.901 % mean: 34.039 % BILL: -5.804 % low: -117.376 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 68.5 M | |
| Free Cash Flow Yield | 1.501 % | |
| Free Cash Flow Yield QoQ | -12.529 % | |
| Free Cash Flow Yield YoY | 13.454 % | |
| Free Cash Flow Yield IPRWA | high: 6.936 % BILL: 1.501 % median: 0.694 % mean: 0.528 % low: -8.108 % |
|
| Free Cash Growth | -24.353 % | |
| Free Cash Growth QoQ | -178.682 % | |
| Free Cash Growth YoY | -239.136 % | |
| Free Cash Growth IPRWA | high: 278.713 % median: 25.957 % mean: 12.2 % BILL: -24.353 % low: -316.997 % |
|
| Free Cash To Net Income | -9.683 | |
| Cash Flow Margin | 4.207 % | |
| Cash Flow To Earnings | -2.28 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | -0.072 % | |
| Return On Assets QoQ | -40.0 % | |
| Return On Assets YoY | -186.747 % | |
| Return On Assets IPRWA | high: 18.439 % median: 4.609 % mean: 3.907 % BILL: -0.072 % low: -24.058 % |
|
| Return On Capital Employed (ROCE) | 0.024 % | |
| Return On Equity (ROE) | -0.002 | |
| Return On Equity QoQ | -39.465 % | |
| Return On Equity YoY | -198.37 % | |
| Return On Equity IPRWA | high: 0.214 median: 0.079 mean: 0.07 BILL: -0.002 low: -0.337 |
|
| DuPont ROE | -0.182 % | |
| Return On Invested Capital (ROIC) | 0.018 % | |
| Return On Invested Capital QoQ | -123.077 % | |
| Return On Invested Capital YoY | -102.258 % | |
| Return On Invested Capital IPRWA | high: 14.979 % median: 7.176 % mean: 5.598 % BILL: 0.018 % low: -13.978 % |
|