BILL HOLDINGS Experiences 47.8% Year-Over-Year Increase in Total Revenue for Fourth Quarter of FY2023
August 23, 2023
☀️Earnings Overview
For the quarter ending June 30, 2023, BILL HOLDINGS ($NYSE:BILL) reported total revenue of USD 296.0 million, a year-over-year increase of 47.8%. The company also experienced a major turnaround in net income, with an increase from -84.9 million in the prior year to -15.9 million.
Analysis
GoodWhale has conducted an analysis of BILL HOLDINGS‘s wellbeing and concluded that it is a medium risk investment, based on their Risk Rating. This rating takes into account both financial and business aspects of the company. After further inspection, GoodWhale has detected two risk warnings in the cashflow statement on a non-financial level. To access this information, one must become a registered user. It is recommended to take these warnings into account before making any decisions regarding BILL HOLDINGS. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bill Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.06k | -223.72 | -21.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bill Holdings. More…
| Operations | Investing | Financing |
| 187.77 | 259.29 | 235.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bill Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.64k | 5.55k | 38.45 |
Key Ratios Snapshot
Some of the financial key ratios for Bill Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 88.7% | – | -27.9% |
| FCF Margin | ROE | ROA |
| 14.8% | -4.5% | -1.9% |
Peers
In the world of online bill pay and invoicing, there are a few major players. Bill.com Holdings Inc is one of the largest, and its main competitors are HRSoft Inc, Fujian Boss Software Corp, and Primeton Information Technologies Inc. While all four companies offer similar services, there are some key differences that set them apart.
– HRSoft Inc ($OTCPK:WSTM)
Fujian Boss Software Corp is a Chinese company that specializes in providing software and services for businesses. The company has a market cap of 10.67B as of 2022 and a Return on Equity of 12.26%. Fujian Boss Software Corp is a publicly traded company on the Shenzhen Stock Exchange.
– Fujian Boss Software Corp ($SZSE:300525)
Primeton Information Technologies Inc is a Chinese holding company that provides information technology services. The company has a market cap of 2.03B as of 2022 and a return on equity of 1.53%. Primeton Information Technologies Inc is a leading provider of information technology services in China. The company offers a full range of IT services, including consulting, system integration, software development, and outsourcing. Primeton Information Technologies Inc is headquartered in Beijing, China.
Summary
BILL HOLDINGS reported impressive fourth quarter financial results for FY2023, with total revenue of USD 296.0 million, representing a 47.8% year-over-year increase. Net income also improved significantly from -84.9 million to -15.9 million. However, the stock price moved down the same day despite the positive financial results, indicating that investors have their doubts about the company’s long-term outlook. Analysts will be closely monitoring BILL HOLDINGS to assess whether the recent financial improvements are sustainable and if further growth can be achieved in the coming years.
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