Filing Flows › Bill Holdings (BILL) › Q4 FY25
Bill Holdings (BILL) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Aug 28, 2025
Bill Holdings (BILL) reported revenue of $383M for the fourth quarter fiscal 2025 (Q4 FY25), +12% from a year earlier and +7% from the quarter before. Operating margin was -5.8%, net loss $7.1M (1.8% of revenue).
Bill Holdings, Q4 FY25: revenue $383M (+12% year over year), operating margin -5.8%, net loss $7.1M, operating cash flow $83.8M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $383M | +7% | +12% |
| Operating profit | −$22.2M | — | — |
| Net earnings | −$7.1M | — | — |
| Operating cash flow | $83.8M | -16% | +7% |
| Free cash flow | $68.5M | — | -6% |
What changed
Revenue was $383.3M in Q4 FY25, up 12% year over year and up 7% from the previous quarter. BILL AP/AR was the largest line at 46% of revenue.
Gross margin was 80.8%, down 0.2 points from a year earlier. Operating costs exceeded revenue by $22.2M, an operating margin of -5.8%. Operating expenses grew 10% against revenue growth of 12%. The fastest-growing cost line was Sales & marketing (+20%). The quarter ended with a net loss of $7.1M, narrower than the previous quarter's $11.6M loss. Non-operating items added $19.2M, -625% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $83.8M (up 7% year over year). Non-cash charges added back $7.9M of depreciation and amortization and $59.8M of share-based compensation. Working capital and other items added $23.2M. After capitalization of internal-use software costs ($12.5M) and purchases of property and equipment ($2.8M), free cash flow as the company reports it was $68.5M.
Questions
What was Bill Holdings' revenue in the fourth quarter fiscal 2025?
Bill Holdings (BILL) reported revenue of $383M for the fourth quarter fiscal 2025 (Q4 FY25), +12% from a year earlier and +7% from the quarter before.
Was Bill Holdings profitable in the fourth quarter fiscal 2025?
Operating loss was $22.2M (-5.8% of revenue) and net loss $7.1M.
Source: Bill Holdings 10-K on SEC EDGAR.