Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin1.1%
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin-0.7%
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Financial Health
C
Years to Pay Off Debt-167.7 yrs
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt$797M
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital$2.5B
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Valuation
B
Price-to-Book1.14x
Market price vs book value per share. Rarely below 1.5x for quality businesses today. Intangible assets (brand, software, patents) don't appear on the balance sheet under accounting rules, making P/B artificially high for asset-light companies like software and consumer brands.
Cash Flow
A
Free Cash Flow$355M
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
Owner Earnings$166M
Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.
About BILL Holdings, Inc.
BILL Holdings, Inc. provides financial operations platform for small and midsize businesses worldwide. The company offers cloud-based payments, accounts payable, accounts receivable, and spend and expense management solutions. It also provides BILL Spend and Expense, a spend and expense management suite that provides a solution for businesses to have charge cards, build and monitor budgets, manage payments, and eliminate the need for manual expense reports. In addition, the company offers onboarding implementation support, and ongoing support and training services. Additionally, it provides payment services, including ACH, card, real-time, and cross-border payments, as well as checks and pay by card services; lending and deposit products; and value-added services. The company's artificial intelligence enabled financial software platform provides connections between suppliers and clients. It serves accounting firms, financial institutions, and software provider companies. The company was formerly known as Bill.com Holdings, Inc. and changed its name to BILL Holdings, Inc. in February 2023. BILL Holdings, Inc. was incorporated in 2006 and is headquartered in San Jose, California.
BILL Holdings, Inc. provides financial operations platform for small and midsize businesses worldwide. The company offers cloud-based payments, accounts payable, accounts receivable, and spend and expense management solutions. It also provides BILL Spend and Expense, a spend and expense management suite that provides a solution for businesses to have charge cards, build and monitor budgets, manage payments, and eliminate the need for manual expense reports. In addition, the company offers onboarding implementation support, and ongoing support and training services. Additionally, it provides payment services, including ACH, card, real-time, and cross-border payments, as well as checks and pay by card services; lending and deposit products; and value-added services. The company's artificial intelligence enabled financial software platform provides connections between suppliers and clients. It serves accounting firms, financial institutions, and software provider companies. The company was formerly known as Bill.com Holdings, Inc. and changed its name to BILL Holdings, Inc. in February 2023. BILL Holdings, Inc. was incorporated in 2006 and is headquartered in San Jose, California.
Metric Explanations
What each dimension measures and where the thresholds come from.
Gross Profit Margin
Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Years to Pay Off Debt
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Price-to-Book
Market price vs book value per share. Rarely below 1.5x for quality businesses today. Intangible assets (brand, software, patents) don't appear on the balance sheet under accounting rules, making P/B artificially high for asset-light companies like software and consumer brands.
Free Cash Flow
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
Owner Earnings
Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.
Net Income From Continuing Operation Net Minority Interest
-11,241
23,799
-28,878
-223,725
Reconciled Depreciation
116,552
89,443
103,163
95,678
Reconciled Cost Of Revenue
231,912
215,297
180,525
146,795
EBITDA
125,856
133,677
89,788
-119,000
EBIT
9,304
44,234
-13,375
-214,678
Net Interest Income
65,544
72,340
103,116
76,076
Interest Expense
19,435
13,824
12,944
8,239
Interest Income
91,413
90,903
122,298
91,279
Normalized Income
43,296
-7,936
-42,849
-223,725
Net Income From Continuing And Discontinued Operation
-11,241
23,799
-28,878
-223,725
Total Expenses
1,635,712
1,543,172
1,436,749
1,354,241
Total Operating Income As Reported
-73,447
-80,602
-174,164
-295,773
Diluted Average Shares
99,918
103,912
106,102
105,976
Basic Average Shares
99,918
103,568
106,102
105,976
Diluted EPS
0
0
0
0
Basic EPS
0
0
0
0
Diluted NI Availto Com Stockholders
-11,241
-7,528
-28,878
-223,725
Average Dilution Earnings
0
-31,327
0
Net Income Common Stockholders
-11,241
23,799
-28,878
-223,725
Net Income
-11,241
23,799
-28,878
-223,725
Net Income Including Noncontrolling Interests
-11,241
23,799
-28,878
-223,725
Net Income Continuous Operations
-11,241
23,799
-28,878
-223,725
Tax Provision
1,110
6,611
2,559
808
Pretax Income
-10,131
30,410
-26,319
-222,917
Other Income Expense
-93,123
38,672
17,142
-3,220
Other Non Operating Income Expenses
-2,228
-1,878
-543
-3,220
Special Income Charges
-90,895
40,550
17,685
0
Other Special Charges
-40,550
-45,272
Restructuring And Mergern Acquisition
90,895
0
27,587
0
Net Non Operating Interest Income Expense
65,544
72,340
103,116
76,076
Total Other Finance Cost
6,434
4,739
6,238
6,964
Interest Expense Non Operating
19,435
13,824
12,944
8,239
Interest Income Non Operating
91,413
90,903
122,298
91,279
Operating Income
17,448
-80,602
-146,577
-295,773
Operating Expense
1,320,417
1,271,069
1,202,133
1,160,264
Provision For Doubtful Accounts
71,056
72,749
60,105
32,224
Depreciation Amortization Depletion Income Statement
33,169
32,637
49,072
48,496
Depreciation And Amortization In Income Statement
33,169
32,637
49,072
48,496
Amortization
48,496
45,630
Amortization Of Intangibles Income Statement
48,496
45,630
Research And Development
300,571
340,059
336,754
314,632
Selling General And Administration
915,621
825,624
756,202
764,912
Selling And Marketing Expense
616,211
543,711
478,540
515,858
General And Administrative Expense
299,410
281,913
277,662
249,054
Other Gand A
299,410
281,913
277,662
249,054
Gross Profit
1,337,865
1,190,467
1,055,556
864,491
Cost Of Revenue
315,295
272,103
234,616
193,977
Total Revenue
1,653,160
1,462,570
1,290,172
1,058,468
Operating Revenue
1,653,160
1,462,570
1,290,172
1,058,468
Balance Sheet
2026
2025
2024
2023
2022
Ordinary Shares Number
92,063
103,012
106,646
106,550
Share Issued
92,063
103,012
106,646
106,550
Net Debt
805,070
676,124
222,677
176,540
Total Debt
1,884,591
1,772,842
976,847
1,912,305
Tangible Book Value
971,947
1,294,726
1,456,221
1,328,033
Invested Capital
5,366,725
5,628,510
5,048,201
5,925,797
Working Capital
2,510,209
2,650,133
2,251,793
2,919,728
Net Tangible Assets
971,947
1,294,726
1,456,221
1,328,033
Capital Lease Obligations
48,468
58,372
62,847
72,477
Common Stock Equity
3,530,602
3,914,040
4,134,201
4,085,969
Total Capitalization
5,243,668
5,415,084
5,048,201
5,790,751
Total Equity Gross Minority Interest
3,530,602
3,914,040
4,134,201
4,085,969
Stockholders Equity
3,530,602
3,914,040
4,134,201
4,085,969
Gains Losses Not Affecting Retained Earnings
-6,415
10,197
-1,890
-4,488
Other Equity Adjustments
-6,415
10,197
-1,890
-4,488
Retained Earnings
-2,089,312
-1,510,804
-1,096,948
-856,168
Additional Paid In Capital
5,626,327
5,414,645
5,233,037
4,946,623
Capital Stock
2
2
2
2
Common Stock
2
2
2
2
Total Liabilities Net Minority Interest
6,687,537
6,149,942
5,044,612
5,550,049
Total Non Current Liabilities Net Minority Interest
1,762,644
1,561,282
981,588
1,796,613
Other Non Current Liabilities
777
1,581
574
18,944
Non Current Deferred Liabilities
333
285
4,167
410
Non Current Deferred Revenue
333
285
4,167
410
Long Term Debt And Capital Lease Obligation
1,761,534
1,559,416
976,847
1,777,259
Long Term Capital Lease Obligation
48,468
58,372
62,847
72,477
Long Term Debt
1,713,066
1,501,044
914,000
1,704,782
Current Liabilities
4,924,893
4,588,660
4,063,024
3,753,436
Current Deferred Liabilities
4,372,010
4,066,905
3,721,913
3,382,237
Current Deferred Revenue
4,372,010
4,066,905
3,721,913
3,382,237
Current Debt And Capital Lease Obligation
123,057
213,426
135,046
75,097
Current Debt
123,057
213,426
135,046
75,097
Other Current Borrowings
123,057
213,426
135,046
75,097
Line Of Credit
135,046
75,097
Pensionand Other Post Retirement Benefit Plans Current
32,930
39,581
34,158
32,901
Payables And Accrued Expenses
396,896
268,748
306,953
203,252
Current Accrued Expenses
387,259
252,455
299,506
194,733
Payables
9,637
16,293
7,447
8,519
Accounts Payable
9,637
16,293
7,447
8,519
Total Assets
10,218,139
10,063,982
9,178,813
9,636,018
Total Non Current Assets
2,783,037
2,825,189
2,863,996
2,962,854
Other Non Current Assets
31,616
33,178
38,568
54,366
Goodwill And Other Intangible Assets
2,558,655
2,619,314
2,677,980
2,757,936
Other Intangible Assets
162,146
222,805
281,471
361,427
Goodwill
2,396,509
2,396,509
2,396,509
2,396,509
Net PPE
192,766
172,697
147,448
150,552
Accumulated Depreciation
-144,931
-90,089
-66,814
-45,023
Gross PPE
337,697
262,786
214,262
195,575
Leases
41,792
39,855
39,103
39,068
Other Properties
47,821
56,086
59,414
68,988
Machinery Furniture Equipment
248,084
166,845
115,745
87,519
Current Assets
7,435,102
7,238,793
6,314,817
6,673,164
Other Current Assets
302,158
258,418
297,169
170,111
Restricted Cash
4,352,633
4,044,470
3,704,907
3,355,909
Prepaid Assets
170,111
151,258
Receivables
842,802
717,449
725,265
486,883
Other Receivables
811,807
685,108
697,216
458,650
Accounts Receivable
30,995
32,341
28,049
28,233
Cash Cash Equivalents And Short Term Investments
1,937,509
2,218,456
1,587,476
2,660,261
Other Short Term Investments
906,456
1,180,110
601,535
1,043,110
Cash And Cash Equivalents
1,031,053
1,038,346
985,941
1,617,151
Cash Flow
2026
2025
2024
2023
2022
Free Cash Flow
354,676
309,674
257,878
156,565
Repurchase Of Capital Stock
-560,485
-430,002
-211,902
-87,615
Repayment Of Debt
-33,463
-539,403
-933,187
0
Issuance Of Debt
150,000
1,400,000
45,000
60,000
Issuance Of Capital Stock
0
0
1,341,122
Capital Expenditure
-61,156
-40,970
-20,893
-31,203
Interest Paid Supplemental Data
18,963
13,782
12,611
7,440
Income Tax Paid Supplemental Data
1,108
6,321
5,628
1,266
End Cash Position
3,765,233
3,550,884
3,351,398
4,224,840
Beginning Cash Position
3,550,884
3,351,398
4,224,840
3,542,715
Effect Of Exchange Rate Changes
-50
-290
-240
-38
Changes In Cash
214,399
199,776
-873,202
682,163
Financing Cash Flow
-172,835
666,522
-742,599
235,110
Cash Flow From Continuing Financing Activities
-172,835
666,522
-742,599
235,110
Net Other Financing Charges
256,247
220,673
332,881
230,974
Proceeds From Stock Option Exercised
14,866
15,254
24,609
31,751
Net Common Stock Issuance
-560,485
-430,002
-211,902
-87,615
Common Stock Payments
-560,485
-430,002
-211,902
-87,615
Common Stock Issuance
0
0
1,341,122
Net Issuance Payments Of Debt
116,537
860,597
-888,187
60,000
Net Short Term Debt Issuance
150,000
0
45,000
60,000
Short Term Debt Payments
0
0
-40,000
Short Term Debt Issuance
150,000
0
45,000
60,000
Net Long Term Debt Issuance
-33,463
860,597
-933,187
0
Long Term Debt Payments
-33,463
-539,403
-933,187
0
Long Term Debt Issuance
1,400,000
0
0
560,075
Investing Cash Flow
-28,598
-817,390
-409,374
259,285
Cash Flow From Continuing Investing Activities
-28,598
-817,390
-409,374
259,285
Net Other Investing Changes
-141,259
-143,312
-219,468
-233,089
Interest Received Cfi
0
0
2,080
6,699
Net Investment Purchase And Sale
173,817
-633,108
-169,013
550,399
Sale Of Investment
1,790,861
2,214,628
2,513,646
3,300,040
Purchase Of Investment
-1,617,044
-2,847,736
-2,682,659
-2,749,641
Net Business Purchase And Sale
0
0
-28,902
-144,349
Purchase Of Business
0
0
-28,902
-144,349
Net Intangibles Purchase And Sale
0
-2,868
0
0
Purchase Of Intangibles
0
-2,868
0
0
Net PPE Purchase And Sale
-3,334
-4,335
-976
-7,589
Purchase Of PPE
-3,334
-4,335
-976
-7,589
Capital Expenditure Reported
-57,822
-33,767
-19,917
-23,614
Operating Cash Flow
415,832
350,644
278,771
187,768
Cash Flow From Continuing Operating Activities
415,832
350,644
278,771
187,768
Change In Working Capital
46,995
7,588
-9,344
-8,970
Change In Other Working Capital
-3,010
1,546
-5,564
-7,343
Change In Other Current Liabilities
-11,034
-9,366
-24,419
-13,400
Change In Other Current Assets
1,167
8,417
7,528
320
Change In Payables And Accrued Expense
55,319
38,435
19,867
32,779
Change In Accrued Expense
61,190
30,222
20,992
34,465
Change In Payable
-5,871
8,213
-1,125
-1,686
Change In Account Payable
-5,871
8,213
-1,125
-1,686
Change In Prepaid Assets
3,135
-26,986
-6,825
-16,844
Change In Receivables
1,418
-4,458
69
-4,482
Changes In Account Receivables
1,418
-4,458
69
-4,482
Other Non Cash Items
14,823
13,298
16,275
16,350
Stock Based Compensation
229,778
242,532
248,375
313,567
Provisionand Write Offof Assets
71,056
72,749
60,105
32,189
Amortization Of Securities
-52,131
-58,215
-64,271
-37,321
Deferred Tax
-361
-1,361
-4,075
Deferred Income Tax
-361
-1,361
-4,075
Depreciation Amortization Depletion
116,552
89,443
103,163
95,678
Depreciation And Amortization
116,552
89,443
103,163
95,678
Amortization Cash Flow
94,555
76,433
89,325
84,420
Amortization Of Intangibles
94,555
76,433
89,325
84,420
Depreciation
21,997
13,010
13,838
11,258
Operating Gains Losses
-40,550
-46,654
Net Income From Continuing Operations
-11,241
23,799
-28,878
-223,725
3/6
Graham Score
Speculative Investor
Fails most of Graham's safety criteria. Treat with caution.
Graham's Fair Value
N/A (negative EPS)
Margin of Safety
—
Market Cap / Net Assets
1.1x
Net Assets: $3.5B
Warren's Owner Earnings
$166M
Latest fiscal year
Graham's 7 Criteria
Defensive Investor Checklist
3/6 — Speculative Investor
✅
Adequate Size
Graham required companies large enough to withstand economic downturns. This threshold ($1.5B) is inflation-adjusted from Graham's original $100M — virtually all S&P 500 companies pass this today.
$1.7B
vs > $1.5B revenue
❌
Strong Financial Condition
Current assets must be at least twice current liabilities. Note: highly profitable companies (Apple, Domino's) often run negative or low working capital deliberately — they collect cash fast and stretch payables. A failing score here is not always a warning sign.
1.51x
vs Current Ratio > 2.0x
❌
Earnings Stability
Graham required uninterrupted positive earnings. Any loss year is a red flag for defensive investors. Growth companies and cyclicals may show occasional losses during investment cycles or downturns without being fundamentally unsound.
3 loss years (4 yrs data)
vs No negative EPS years
❌
Dividend Record
Graham valued dividends as evidence of financial discipline and shareholder alignment. Many excellent modern businesses (Alphabet, Amazon, Berkshire Hathaway) pay no dividend, preferring to reinvest cash at high rates of return. Failing this criterion does not indicate a poor business — it may indicate a high-growth one.
No dividend
vs Uninterrupted dividends
✅
Moderate P/E Ratio
Graham's 15x P/E threshold was calibrated to 1960s market averages when interest rates were higher. Today's lower rate environment structurally supports higher multiples — the S&P 500 long-run average P/E is now closer to 20–25x. A stock trading at 20x is not automatically speculative in the modern context.
10.8x
vs P/E ≤ 15.0x
✅
Moderate Price-to-Book
Graham's 1.5x P/B threshold made sense when most company value was tangible. Today, intangible assets — brand, software, patents, network effects — rarely appear on the balance sheet. A high P/B in tech, pharma, or consumer brands often reflects intangible value, not overvaluation. P/FCF or EV/EBITDA are more reliable for asset-light businesses.
1.14x P/B (P/E×P/B: 12.3)
vs P/B ≤ 1.5x | P/E × P/B ≤ 22.5
Graham's 7 Criteria — Explained
What each criterion measures and why it matters.
✅ Adequate Size — $1.7Bvs > $1.5B revenue
Graham required companies large enough to withstand economic downturns. This threshold ($1.5B) is inflation-adjusted from Graham's original $100M — virtually all S&P 500 companies pass this today.
"The minimum size of an enterprise should be not less than $100 million of annual sales."
❌ Strong Financial Condition — 1.51xvs Current Ratio > 2.0x
Current assets must be at least twice current liabilities. Note: highly profitable companies (Apple, Domino's) often run negative or low working capital deliberately — they collect cash fast and stretch payables. A failing score here is not always a warning sign.
"For industrial companies, current assets should be at least twice current liabilities."
❌ Earnings Stability — 3 loss years (4 yrs data)vs No negative EPS years
Graham required uninterrupted positive earnings. Any loss year is a red flag for defensive investors. Growth companies and cyclicals may show occasional losses during investment cycles or downturns without being fundamentally unsound.
"The company should have shown no deficit in the past ten years."
❌ Dividend Record — No dividendvs Uninterrupted dividends
Graham valued dividends as evidence of financial discipline and shareholder alignment. Many excellent modern businesses (Alphabet, Amazon, Berkshire Hathaway) pay no dividend, preferring to reinvest cash at high rates of return. Failing this criterion does not indicate a poor business — it may indicate a high-growth one.
"Some current dividend payments — for at least the past 20 years."
✅ Moderate P/E Ratio — 10.8xvs P/E ≤ 15.0x
Graham's 15x P/E threshold was calibrated to 1960s market averages when interest rates were higher. Today's lower rate environment structurally supports higher multiples — the S&P 500 long-run average P/E is now closer to 20–25x. A stock trading at 20x is not automatically speculative in the modern context.
"The price-earnings ratio should be no more than 15 times average earnings."
Graham's 1.5x P/B threshold made sense when most company value was tangible. Today, intangible assets — brand, software, patents, network effects — rarely appear on the balance sheet. A high P/B in tech, pharma, or consumer brands often reflects intangible value, not overvaluation. P/FCF or EV/EBITDA are more reliable for asset-light businesses.
"The price should not be more than 1½ times book value. P/E × P/B ≤ 22.5."
These metrics estimate what BILL Holdings, Inc. is worth based on fundamentals — independent of what the market prices it at.
Graham's Fair Value and NCAV are conservative floors.
EPV assumes zero growth. These are reference points, not price targets.
Net Current Asset Value
$8.77
Trading at 5.4x NCAV. Expected for most quality businesses — NCAV was designed to find depression-era bargains and rarely applies to modern profitable companies.
"Buy at two-thirds of net current assets." — Graham
Earnings Power Value
$2.27
Per share, no-growth floor. Compare to current price.
ROIC — Return on Invested Capital
0.3%
Return on Invested Capital — Buffett's preferred measure for asset-light businesses. ROIC > 15% consistently signals a durable competitive advantage (moat). More meaningful than P/B for software, pharma, and consumer brand companies where most value is intangible and off-balance-sheet.
Cash Flow Analysis
Metric
2026
2025
2024
2023
2022
Capital Expenditure % of Net Income
N/A
172.2%
N/A
N/A
N/A
Repurchase of Capital Stock
-$560M
-$430M
-$212M
-$88M
N/A
Free Cash Flow
$355M▲
$310M▲
$258M▲
$157M•
N/A•
Warren's Owner Earnings
$166M
$154M
$95M
-$97M
N/A
Peers & Industry
No auto-detected peers for Software - Application. You can manually compare BILL against any stock using the Compare tool.
"The management of a business is its most important single factor — more important than market position, patents, or financial structure."
— Benjamin Graham
Capital Allocation & Alignment
Insider Ownership
4.30%
Moderate — some alignment with shareholders
Return on Equity (ROE)
-0.3%
Weak — poor returns on equity
Return on Assets (ROA)
-0.1%
Poor — assets are not generating adequate returns
Share Buybacks (Latest Year)
$560M
Management is returning capital to shareholders via buybacks
Debt Trend YoY
+6.3% YoY
Debt is roughly stable
Leadership Team
Rene Lacerte
Founder, CEO & Chairperson of the Board
Age 57
Pay: $1,278,354
Rohini Jain
Chief Financial Officer & Principal Accounting Officer
Age 45
Jon Philip Andrews Jr.
Vice President of Investor Relations
Top Institutional Holders
Institution
% Owned
Shares
Blackrock Inc.
10.24%
8,735,197
ER Collective Holdings, LLC
9.99%
8,518,300
Starboard Value LP
8.24%
7,025,748
Vanguard Portfolio Management LLC
6.67%
5,688,580
Ameriprise Financial, Inc.
6.52%
5,558,053
Senvest Management LLC
4.81%
4,102,668
Vanguard Capital Management LLC
4.61%
3,933,392
Wellington Management Group, LLP
4.18%
3,562,810
Risk Analysis
Beta (Market Risk)
1.10
Moderate volatility — moves slightly more than market
Short Interest
18.1% of float
Heavy short selling — market has significant bearish bets
Debt-to-Equity
0.54x
Conservative balance sheet — low financial risk
Current Ratio
1.51x
Adequate liquidity
52-Week Price Range
Low: $31.41Current: $47.06High: $57.21
Currently at 61% of 52-week range
BILL Holdings, Inc. (BILL) fundamental analysis — Overall grade C based on profitability, financial health, valuation and cash flow. Graham's
Fair Value: N/A (negative EPS). Gross profit margin: 80.9%. Operating margin: 1.1%. Net margin: -0.7%. Market cap: $4.0B. Sector: Technology. Industry: Software - Application. Analysis powered by 360investing — free fundamental stock analysis based on Benjamin Graham and Warren Buffett
principles.
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