BILL Holdings Inc. Common Stock (BILL)

FairStock Score: 49/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach BILL as a possible turnaround, because the figures show revenue rising but profits slipping. Revenue was $1.3B in fiscal 2024, $1.5B in fiscal 2025, and $1.7B in fiscal 2026, all per filed figures, so the platform is finding customers. The trouble is the bottom line: net income went from a $23.8M profit in fiscal 2025 to an $11.2M loss in fiscal 2026, and diluted EPS was -$0.07 and -$0.11 in those years. In fiscal Q3 2026, the quarter ended 2026-03-31, net income was $12.8M on $406.6M of revenue, which hints that the business can earn money when conditions are right. The company also produced $354.7M of trailing free cash flow, a 9.5% FCF yield at the 2026-10-13 close, and carries debt-to-equity of 0.50. FairStock's price-to-book is only 1.15, but its EV/EBITDA is 36.58 and its Altman Z-score is 0.40, so the balance sheet and valuation are not obviously safe. As a Graham-style investor, I want a margin of safety from consistent earnings, not just cash flow. The computed Lynch category is TURNAROUND, which fits a company that had earlier profits but lost money in the latest year. BILL may have switching costs in SMB payments and expense workflows, but the numbers do not yet prove a durable moat. At $43.98, with a $3.8B market cap, the evidence does not yet support calling it a sound value.

In plain English: BILL Holdings sells software that helps small and medium businesses manage payments, bills, and expenses. Revenue is still growing, but the company went from a small profit in its 2025 fiscal year to a loss in its 2026 fiscal year, so earnings are weak. At $43.98, the stock does not look clearly cheap or expensive; cash flow and asset value offer some support, but the losses keep it from looking like a bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2026 10-Q (period ended 2025-12-31) · fiscal Q1 2026 10-Q (period ended 2025-09-30) · fiscal Q3 2025 10-Q (period ended 2025-03-31) · FY2026 10-K (period ended 2026-06-30) · FY2025 10-K (period ended 2025-06-30) · FY2024 10-K (period ended 2024-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer