v3.25.4

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2025

Dec. 31, 2024

Revenue

$ 414,671

$ 362,554

$ 810,413

$ 721,004

Cost of revenue

Service costs

69,190

56,298

135,257

109,900

Depreciation and amortization

^[1]

14,398

10,310

25,335

21,403

Total cost of revenue

83,588

66,608

160,592

131,303

Gross profit

331,083

295,946

649,821

589,701

Operating expenses

Research and development

82,806

84,784

163,095

163,469

Sales and marketing

155,439

132,534

304,656

258,856

General and administrative

79,497

71,122

156,414

137,893

Provision for expected credit losses

22,624

21,358

38,720

42,019

Depreciation and amortization

^[1]

8,381

7,858

16,448

16,871

Restructuring

412

9,282

Total operating expenses

349,159

317,656

688,615

619,108

Operating loss

(18,076)

(21,710)

(38,794)

(29,407)

Other income, net

16,010

55,303

33,916

73,181

Income (loss) before provision for income taxes

(2,066)

33,593

(4,878)

43,774

Provision for income taxes

522

672

1,314

Net income (loss)

$ (2,588)

$ 33,548

$ (5,550)

$ 42,460

Net income (loss) per share attributable to common stockholders:

Basic (dollars per share)

$ (0.03)

$ 0.33

$ (0.05)

$ 0.41

Diluted (dollars per share)

$ (0.03)

$ (0.06)

$ (0.05)

$ 0.02

Weighted-average number of common shares used to compute net income (loss) per share attributable to common stockholders:

Basic (in shares)

100,532

103,102

101,227

104,394

Diluted (in shares)

100,532

104,480

101,227

107,718

Subscription and transaction fees

Revenue

$ 375,128

$ 319,616

$ 733,134

$ 634,559

Interest on funds held for customers

Revenue

$ 39,543

$ 42,938

$ 77,279

$ 86,445

[1]

Depreciation and amortization do not include amortization of capitalized internal-use software costs paid in cash of $12.6 million and $17.1 million during the three and six months ended December 31, 2025, respectively, and $3.6 million and $7.4 million during the three and six months ended December 31, 2024, respectively, which are included in service costs in the condensed consolidated statements of operations.

- Definition

Acquired Card Receivables And Accounts Receivable, Credit Loss Expense (Reversal)

+ References

No definition available.

BILL Holdings, Inc. 10-Q