BILLBILL Holdings, Inc.
Services-Prepackaged Software
- Revenue
- $1.7B
- 13% YoY
- Operating margin
- -4.4%
- 19% YoY
- EBITDA
- −$18M
- 67% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $805M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired14% of revenueOver 10% of revenue
- Payouts exceed cash flowFired135% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear23% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $642M | $1.1B | $1.3B | $1.5B | $1.7B | 13% |
| Operating income | −$317M | −$296M | −$174M | −$81M | −$73M | 8.9% |
| Net income | −$326M | −$224M | −$29M | $24M | −$11M | 147% |
| Operating cash flow | −$18M | $188M | $279M | $351M | $416M | 19% |
| Capex | $5M | $8M | $976K | $4M | $3M | 23% |
| Stock-based comp | $197M | $314M | $248M | $243M | $230M | 5.3% |
| Buybacks | $0 | $88M | $212M | $430M | $560M | 30% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $11M | $6M | 20 | 272 |
| FY2025 | $16M | $14M | 25 | 198 |
| FY2024 | $14M | −$5M | 29 | 172 |
| FY2023 | $18M | $18M | 64 | 121 |
| FY2022 | $14M | $6M | 60 | 86 |