BILL

BILL Holdings

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Technology

industry

Software - Application

Exchange

NYSE

County of HQ

United States

Next Earnings Date

05/14/26

Business Summary

BILL operates a software application platform designed to digitize and automate financial operations for businesses, embedding itself into core workflows that drive recurring usage. The model typically generates revenue through subscription-based access and transaction-related activity, creating a blend of predictable recurring streams and usage-driven upside. Its moat is rooted in workflow integration and switching costs — once embedded into accounting and payment processes, removal becomes operationally disruptive. Long-term durability depends on maintaining product relevance and expanding functionality so that customer dependency deepens over time.

VALUATION

P/E

-

Market Cap ($M USD)

$3,434

Forward P/E

12.9

PEG

1.7

PRICE TO SALES

2.3

PRICE TO BOOK

0.9

EV / EBITDA

30.6

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

-$0.23

Next Year EPS Growth Estimate

$2.69

Next Year Revenue Growth Estimate

13.10%

Return on Equity (ROE)

-0.60%

Operating Margin

-5.20%

Debt-to-Equity

0.5

Piotroski F-Score

4

Altman Z-Score

0.6

Return on Invested Capital (ROIC)

-0.10%%

Current Ratio

1.7

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 12.9x forward earnings with a Price/Book of 0.9 and Price/Sales of 2.3, the stock screens optically cheap for a Technology name, but the balance sheet risk is extreme. An Altman Z-Score of 0.6 signals material financial distress risk, and a Piotroski F-Score of 4 confirms only middling fundamental strength. Operating Margin sits at -0.60% and ROIC is -0.10%, meaning capital is not being deployed profitably. The market is discounting instability, and rightly so — this is not a clean growth story but a stressed software asset trading at a compressed multiple because solvency and earnings durability are in question.

AI Exposure / Tech Reliance

As a Software - Application company, BILL operates in a segment that is structurally leveraged to automation and AI-driven workflow digitization. Application-layer software businesses are typically well positioned to embed AI features rapidly, enhancing productivity and stickiness. However, margin compression at -0.60% suggests the company is still absorbing cost pressures rather than fully monetizing technological leverage.

The Bull Case

A GARP or deep value investor could argue that 12.9x forward earnings combined with a Price/Book of 0.9 offers asymmetric upside if operational stability returns. Return on Equity of 13.10% shows the company can generate shareholder returns despite current margin compression, and a Current Ratio of 1.7 indicates short-term liquidity is not immediately strained. Institutional Ownership at 57.95% suggests sophisticated capital remains engaged, limiting the probability of outright abandonment. If earnings normalize beyond the projected EPS Next Year estimate of -$0.23 and operating efficiency improves from the current -0.60% margin, multiple expansion toward sector averages could be meaningful.

The Bear Case

The red flags are severe. A Debt/Equity ratio of -5.20% paired with an Altman Z-Score of 0.6 points to balance sheet fragility, and a negative ROIC of -0.10% confirms value destruction at the capital allocation level. Forward PEG of 1.7 does not justify distress risk, especially with EPS Next Year projected at -$0.23. The combination of negative operating margin, negative forward earnings expectations, and weak fundamental scoring (Piotroski 4) paints a picture of a company fighting structural profitability issues rather than simply experiencing cyclical softness.

Market Sentiment & Smart Money

Short Interest %

14.30%

Analyst Consensus

1.84

Average Analyst Price Target

$57.95

Institutional Ownership %

111.90%

1-Year Beta

1.78

Insider Buying % (6 Mo)

12.40%%

Distance to 52-Week High

60.70%%

Distance to 52-Week Low

100.70%%