Filing Flows › Bill Holdings (BILL) › Q3 FY25
Bill Holdings (BILL) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 9, 2025
Bill Holdings (BILL) reported revenue of $358M for the third quarter fiscal 2025 (Q3 FY25), +11% from a year earlier and -1% from the quarter before. Operating margin was -8.1%, net loss $11.6M (3.2% of revenue).
Bill Holdings, Q3 FY25: revenue $358M (+11% year over year), operating margin -8.1%, net loss $11.6M, operating cash flow $99.5M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $358M | -1% | +11% |
| Operating profit | −$28.9M | — | — |
| Net earnings | −$11.6M | — | — |
| Operating cash flow | $99.5M | +26% | +49% |
| Free cash flow | $90.5M | — | +44% |
What changed
Revenue was $358.2M in Q3 FY25, up 11% year over year and down 1% from the previous quarter. BILL AP/AR was the largest line at 46% of revenue. BILL Spend and Expense added $23.6M year over year (up 21%), 67% of the total change. Interest on funds held for customers declined 9%.
Gross margin was 81.2%, down 1.7 points from a year earlier. Operating costs exceeded revenue by $28.9M, an operating margin of -8.1%. Operating expenses grew 8% against revenue growth of 11%. The fastest-growing cost line was Sales & marketing (+16%). The quarter ended with a net loss of $11.6M, after a profit of $33.5M the previous quarter. Non-operating items added $18.6M, -181% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $99.5M (up 49% year over year). Non-cash charges added back $7.9M of depreciation and amortization and $62.2M of share-based compensation. Working capital and other items added $41.0M. After capitalization of internal-use software costs ($7.5M) and purchases of property and equipment ($1.5M), free cash flow as the company reports it was $90.5M.
Questions
What was Bill Holdings' revenue in the third quarter fiscal 2025?
Bill Holdings (BILL) reported revenue of $358M for the third quarter fiscal 2025 (Q3 FY25), +11% from a year earlier and -1% from the quarter before.
Was Bill Holdings profitable in the third quarter fiscal 2025?
Operating loss was $28.9M (-8.1% of revenue) and net loss $11.6M.
Source: Bill Holdings 10-Q on SEC EDGAR.