Bill.com Holdings (BILL) AI Stock Analysis

• Market Cap: $5.43B
• Dividend Yield: N/A
• Average Volume (3M): 2.41M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.55
• Revenue Growth: 11.63%
• EPS Growth: 50.72%
• Country: US
• Employees: 2,187
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.61
• Shares Outstanding: 100,156,685
• 10 Day Avg. Volume: 2,128,482
• 30 Day Avg. Volume: 2,406,195
• PEG Ratio: -1.09
• Price to Book (P/B): 1.22
• Price to Sales (P/S): 3.28
• P/FCF Ratio: 13.83
• Enterprise Value/Market Cap: 1.08
• Enterprise Value/Revenue: 3.93
• Enterprise Value/Gross Profit: 4.80
• Enterprise Value/Ebitda: 50.96
• 1Y Price Target: $60.29
• Price Target Upside: 13.18% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 17
• EPS Forecast (FY): 2.23
• Revenue Forecast (FY): $1.61B

• Rating: 74 Outperform
• Price Target: $61.00 ▲(14.51% Upside)

Bill.com Holdings' overall stock score is driven by strong technical analysis and positive earnings call sentiment, indicating a positive outlook. However, challenges in profitability and valuation concerns temper the score. The company's strategic focus on AI and partnerships supports long-term growth, but immediate profitability remains a key area for improvement.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market reach and product adoption, supporting long-term business sustainability and competitiveness.

Strategic Partnerships

These partnerships extend BILL's reach to millions of SMBs, enhancing customer acquisition and service offerings, driving long-term growth.

Advancements in AI

AI advancements improve operational efficiency and customer experience, positioning BILL as a leader in financial technology innovation.

Negative Factors

Profitability Challenges

Persistent profitability challenges may hinder financial flexibility and investment capacity, impacting long-term growth potential.

Leadership Changes

Leadership transitions can disrupt strategic continuity and financial oversight, potentially affecting operational stability and investor confidence.

Reduction in Workforce

Workforce reductions may impact employee morale and operational capacity, potentially affecting service delivery and innovation capabilities.

Bill.com Holdings Business Overview & Revenue Model

Company Description

Bill.com Holdings, Inc. provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency. It also offers onboarding implementation support, and ongoing support and training services. The company serves accounting firms, financial institutions, and software companies. Bill.com Holdings, Inc. was incorporated in 2006 and is headquartered in San Jose, California.

How the Company Makes Money

Bill.com generates revenue primarily through subscription fees and transaction-based fees. The subscription model includes monthly or annual fees charged to businesses that access its software platform, which provides tools for managing invoices, payments, and financial workflows. In addition to subscription revenue, Bill.com earns transaction fees for processing payments made through its platform, including ACH transfers and credit card transactions. The company also benefits from strategic partnerships with banks and financial institutions, which can drive customer acquisition and enhance service offerings. These partnerships may include integrations with accounting software and financial services, further contributing to the company's revenue streams.

Bill.com Holdings Financial Statement Overview

Summary

Bill.com Holdings demonstrates strong revenue growth and efficient cash management, which are positive indicators for future performance. However, the company faces challenges in profitability, as reflected in its low net profit margins and negative EBIT margins. The balance sheet remains stable, with a balanced debt-to-equity ratio and a strong asset base.

Income Statement

Bill.com Holdings shows a strong revenue growth trajectory, with a notable increase in total revenue over the years. The gross profit margin remains robust, indicating efficient cost management. However, the net profit margin is low, and EBIT margins are negative, reflecting challenges in achieving profitability. The company has shown improvement in EBITDA margin, suggesting better operational efficiency.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio, indicating a balanced approach to leveraging. The equity ratio is healthy, showcasing a strong asset base. However, the return on equity is low, suggesting limited returns to shareholders. The company has managed to maintain a stable equity position over time.

Cash Flow

Cash flow analysis reveals a positive trend in free cash flow growth, indicating improved cash generation capabilities. The operating cash flow to net income ratio is healthy, suggesting effective cash management. The free cash flow to net income ratio is strong, highlighting the company's ability to convert earnings into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.50B	1.46B	1.29B	1.06B	641.96M	238.26M
Gross Profit	1.23B	1.19B	1.06B	864.49M	496.95M	176.46M
EBITDA	115.59M	138.42M	96.03M	-102.54M	-225.16M	-100.17M
Net Income	11.93M	23.80M	-28.88M	-223.72M	-326.36M	-98.72M
Balance Sheet
Total Assets	10.15B	10.06B	9.18B	9.64B	9.26B	5.97B
Cash, Cash Equivalents and Short-Term Investments	2.31B	2.32B	1.59B	2.66B	2.71B	1.16B
Total Debt	1.92B	1.77B	976.85M	1.91B	1.86B	1.08B
Total Liabilities	6.27B	6.15B	5.04B	5.55B	5.21B	3.44B
Stockholders Equity	3.88B	3.91B	4.13B	4.09B	4.04B	2.53B
Cash Flow
Free Cash Flow	329.89M	309.67M	257.88M	156.56M	-33.73M	-16.58M
Operating Cash Flow	358.92M	350.64M	278.77M	187.77M	-18.09M	4.62M
Investing Cash Flow	-786.57M	-817.39M	-409.37M	259.29M	-1.13B	-1.43B
Financing Cash Flow	772.77M	666.52M	-742.60M	235.11M	2.88B	1.64B

Bill.com Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 53.27
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BILL, the sentiment is Positive. The current price of 53.27 is above the 20-day moving average (MA) of 51.83, above the 50-day MA of 50.46, and above the 200-day MA of 47.00, indicating a bullish trend. The MACD of 1.32 indicates Negative momentum. The RSI at 56.40 is Neutral, neither overbought nor oversold. The STOCH value of 51.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BILL.

Bill.com Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
QTWO	75 Outperform	$4.56B	152.44	5.68%	―	13.93%	―
BILL	74 Outperform	$5.43B	-195.49	0.30%	―	11.63%	50.72%
GBTG	62 Neutral	$4.15B	349.55	0.76%	―	5.71%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NCNO	61 Neutral	$2.82B	-134.41	-2.04%	―	12.14%	-19.29%
VERX	59 Neutral	$3.29B	-59.46	-20.47%	―	13.83%	-273.23%
OCFT	47 Neutral	$308.31M	-3.06	-24.21%	―	-48.61%	-2291.48%

Bill.com Holdings Corporate Events

Bill.com Holdings’ SVP Germaine Cota Resigns

On December 11, 2025, Germaine Cota, the Senior Vice President, Finance & Accounting and Principal Accounting Officer of BILL Holdings, Inc., announced her resignation, effective January 16, 2026. This departure could impact the company’s financial leadership and operations as they transition to new management in this critical role.

Bill.com Holdings Stockholders Approve Key Proposals

On December 11, 2025, BILL Holdings, Inc. held its annual meeting of stockholders where three proposals were voted on. The stockholders elected four directors to serve until the 2028 annual meeting, ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2026, and approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers.

Bill.com Expands Board, Appoints New Directors

On October 17, 2025, BILL Holdings, Inc. expanded its Board of Directors from 12 to 13 members, appointing Peter A. Feld and Lee Kirkpatrick as Class II directors, with terms expiring in 2027. Feld, with a background in corporate finance and governance, joins the Nominating and Corporate Governance Committee, while Kirkpatrick, a technology industry veteran, joins the Audit Committee and will become its Chair following the 2025 annual meeting. This strategic move follows a Cooperation Agreement with Starboard Value LP, enhancing the company’s governance and potentially impacting its market positioning.

Bill.com Holdings Announces Board Changes with Starboard

On October 15, 2025, BILL Holdings, Inc. entered into a cooperation agreement with Starboard Value LP, resulting in significant changes to its Board of Directors. The agreement includes the resignation of Stephen Fisher and the appointment of four new directors, including Peter A. Feld and Lee Kirkpatrick, as part of BILL’s strategy to enhance growth and profitability as a leading financial operations platform for small and midsize businesses. This move follows constructive engagement with Starboard and aims to support BILL’s value creation efforts. The company plans to hold an investor day in 2026 to outline its long-term financial targets and strategy.

BILL Holdings Announces Medical Leave for Chief Legal Officer

On October 2, 2025, BILL Holdings, Inc. announced that Raj Aji, the company’s Chief Legal Officer and Chief Compliance Officer, will begin medical leave on October 13, 2025, with plans to retire thereafter. The date of Mr. Aji’s retirement has not yet been determined, which may impact the company’s legal and compliance operations.