BILL HOLDINGS, INC Stock Price, News & Analysis

BILL (NYSE: BILL) has announced the appointment of two new board members: fintech executive Keri Gohman and software leader Dan Wernikoff. Gohman brings extensive experience in financial services, having worked with companies like GE, Capital One, Intuit, and Xero. She previously led Capital One's Small Business Bank and served as CEO of CARET. Wernikoff, former CEO of LegalZoom, brings over 15 years of experience in software and payment industries, notably transforming QuickBooks from a desktop to a global cloud-based ecosystem during his tenure at Intuit.

The appointments come as board members Pete Kight and Scott Wagner step down, with Kight transitioning to a Director Emeritus role. BILL, which processes approximately 1% of US GDP, aims to strengthen its position in delivering financial operations solutions for small and midsize businesses (SMBs).

BILL (NYSE: BILL) has announced a new 1099 Filing solution integrated into its financial operations platform for small and midsize businesses (SMBs). The solution allows businesses to manage accounts payable and 1099 forms from a single platform, offering features such as W-9 document collection, vendor eligibility marking, expense categorization, and automated form generation and filing with the IRS.

The platform enables electronic or physical delivery of 1099s to vendors and supports state filing for states participating in the Combined Federal/State Filing program. W-9 collection capabilities are currently available, with additional 1099 features set to launch on January 2, 2025.

BILL Holdings has successfully closed its offering of $1.4 billion 0% Convertible Senior Notes due 2030, including the full exercise of the $150.0 million option by initial purchasers. The net proceeds of approximately $1.38 billion were used to: repurchase $133.9 million of 2025 Notes for $130.8 million, repurchase $451.5 million of 2027 Notes for $408.6 million, repurchase 2,260,397 shares of common stock for $200.0 million, and pay $93.0 million for capped call transactions.

The Notes will mature on April 1, 2030, with an initial conversion rate of 8.3718 shares per $1,000 principal amount, equivalent to a conversion price of $119.45 per share, representing a 35% premium to the closing price of $88.48 on December 3, 2024.

BILL Holdings has priced a $1.25 billion offering of 0% Convertible Senior Notes due 2030, upsized from the initially announced $1.0 billion. The company expects net proceeds of approximately $1.23 billion, which will be used to: repurchase $133.9 million of 2025 Notes, $451.5 million of 2027 Notes, repurchase 2.26 million shares of common stock for $200 million, and pay $83 million for capped call transactions.

The Notes will mature on April 1, 2030, with an initial conversion rate of 8.3718 shares per $1,000 principal amount, equivalent to a conversion price of $119.45 per share. This represents a 35% premium to the closing price of $88.48 on December 3, 2024.

BILL Holdings (NYSE: BILL) announced plans to offer $1.0 billion in convertible senior notes due 2030, with an additional $150 million option for initial purchasers. The notes will be convertible to cash, common stock, or a combination thereof. The company plans to use proceeds to fund capped call transactions, repurchase existing convertible notes due 2025 and 2027, and buy back up to $200 million of common stock. The notes will mature on April 1, 2030, with interest payable semiannually. BILL will enter into capped call transactions to offset potential dilution and reduce cash payments beyond principal amounts.

BILL (NYSE:BILL), a financial operations platform for small and midsize businesses, has announced its participation in the upcoming UBS Global Technology and AI Conference scheduled for Wednesday, December 4, 2024, at 1:55 p.m. PT.

A live webcast and replay will be accessible through BILL's investor relations website. The company's integrated platform specializes in automating payables, receivables, and spend management for SMBs, serving hundreds of thousands of businesses through its proprietary network of millions of members to facilitate faster payments.

BILL (NYSE: BILL), a financial operations platform for SMBs, announced its Q1 FY2025 financial results. Total revenue rose 18% year-over-year to $358.5 million, driven by a 19% increase in core revenue to $314.9 million. Subscription fees grew 8% to $67.4 million, while transaction fees surged 22% to $247.5 million. The company achieved a gross profit of $293.8 million with an 82% gross margin.

Non-GAAP operating income doubled to $67.1 million. Net income was $8.9 million, or $0.08 per share, compared to a net loss of $27.9 million in Q1 FY2024. BILL also repurchased $200 million in common stock. The company served 476,200 businesses and processed $80 billion in total payment volume.

For Q2 FY2025, BILL expects revenue between $355.5 million and $360.5 million, and for FY2025, revenue between $1.439 billion and $1.464 billion.

BILL (NYSE: BILL) has been named a 2024 Power Partner Award winner by Inc. in the Financial Services category for the second consecutive year. The company serves as a financial operations platform for small and midsize businesses (SMBs), helping over 470,000 businesses manage their financial operations. BILL's platform processed nearly $300 billion in payment volume and facilitated more than 100 million payment transactions in FY24, representing approximately 1% of U.S. GDP. The platform connects 7.1 million network members for electronic payments, focusing on automating bill payments, receivables, and expense management for SMBs.

BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), has announced it will report its fiscal first quarter 2025 financial results on Thursday, November 7, 2024, after the market close. The company will host a webcast at 1:30pm PT (4:30pm ET) on the same day to discuss the results.

The news release containing the financial results and a link to the webcast will be available on BILL's investor relations website (https://investor.bill.com). For those unable to attend the live event, a replay of the webcast will also be accessible on the company's investor relations website.