Filing Flows › Bill Holdings (BILL) › Takeover & LBO
Is Bill Holdings (BILL) a takeover target?
A leveraged buyout does not work for Bill Holdings on its latest figures: its EBITDA margin is only 2.0% ($31.8M on revenue of $1.6B), too thin to carry buyout debt. Historically 6.1% of companies with its figures were bought within a year (1.22× the average).
Why a leveraged buyout does not fit
Bill Holdings kept 2.0% of its revenue as EBITDA over the last 12 months ($31.8M on $1.6B). A margin that thin cannot carry the debt a leveraged buyout needs — a small dip in sales would leave nothing for interest — so the model gives no buyout price.
What a takeover could cost
Takeovers in its sector paid a median premium of 30% over the share price before the deal (the middle half 12% to 31%), according to the 14 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Bill Holdings would cost about $62.80 a share, $6.3B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 12% | $54.11 | $5.5B |
| Median | 30% | $62.80 | $6.3B |
| High end (a quarter paid more) | 31% | $63.29 | $6.4B |
The odds, from history
Historically 6.1% of companies with its figures were bought within a year (1.22× the average). Its figures put it in decile 8 of 10 (10 = the most likely to be bought). The odds come from a model of every merger proxy, tender-offer response and going-private statement filed on EDGAR since 2011, set against each company's size, margins, debt, cash flow and growth the year before.
Bill Holdings' latest quarter
Bill Holdings, Q1 FY27: revenue $354M (+12% year over year), operating margin 14.5%, net earnings $60.3M, operating cash flow $96.8M. The chart follows the revenue to costs, profit and cash.
Questions
Is Bill Holdings being acquired?
No headline, 8-K or 13D about a sale is on file in the last year.
Could private equity buy Bill Holdings?
A leveraged buyout does not work for Bill Holdings on its latest figures: its EBITDA margin is only 2.0% ($31.8M on revenue of $1.6B), too thin to carry buyout debt. A margin that thin leaves almost nothing to pay interest with, so buyout debt does not fit.
What would a takeover of Bill Holdings cost?
Takeovers in its sector paid a median premium of 30% over the share price before the deal (the middle half 12% to 31%), according to the 14 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Bill Holdings would cost about $62.80 a share, $6.3B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.