Form 8-K

8-K — BILL Holdings, Inc.

Accession: 0001628280-26-057932

Filed: 2026-08-19

Period: 2026-08-19

CIK: 0001786352

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — bill-20260819.htm (Primary)

EX-99.1 (bill-20260630xexx991.htm)

GRAPHIC (billlogo.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: bill-20260819.htm · Sequence: 1

bill-20260819

6220 America Center Drive, Suite 100San JoseCalifornia0001786352FALSE00017863522026-08-192026-08-19

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________________________________

FORM 8-K

____________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 19, 2026

____________________________________

BILL Holdings, Inc.

(Exact name of Registrant as Specified in Its Charter)

____________________________________

Delaware 001-39149 83-2661725

(State or Other Jurisdiction

of Incorporation) (Commission File Number) (IRS Employer

Identification No.)

6220 America Center Drive, Suite 100

San Jose, California

95002

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, Including Area Code: (650) 621-7700

(Former Name or Former Address, if Changed Since Last Report)

____________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading

Symbol(s) Name of each exchange on which registered

Common Stock, $0.00001 par value BILL The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On August 19, 2026, BILL Holdings, Inc. (the “Company”) issued a press release and will hold a conference call regarding its financial results for the fourth quarter and fiscal year ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The Company makes reference to certain non-GAAP financial information in both the press release and the conference call. A reconciliation of GAAP to non-GAAP results is provided in the press release attached as Exhibit 99.1 hereto.

The information furnished with Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits.

Exhibit

Number

Description

99.1

Press release entitled “BILL Reports Fourth Quarter and Fiscal Year 2026 Financial Results.”

104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

BILL HOLDINGS, INC.

Date:

August 19, 2026

By:

/s/ Rohini Jain

Rohini Jain

Chief Financial Officer

EX-99.1

Filename: bill-20260630xexx991.htm · Sequence: 2

Document

Exhibit 99.1

BILL Reports Fourth Quarter and Fiscal Year 2026 Financial Results

•FY26 Total Revenue was $1.7 Billion and Increased 13% Year-Over-Year

•FY26 Core Revenue was $1.5 Billion and Increased 16% Year-Over-Year

•Q4 Total Revenue Increased 14% Year-Over-Year

•Q4 Core Revenue Increased 16% Year-Over-Year

SAN JOSE, Calif.--(BUSINESS WIRE) – August 19, 2026 – BILL (NYSE: BILL), the financial operations platform trusted by nearly half a million businesses to manage, move, and maximize their money, today announced financial results for the fourth quarter and fiscal year ended June 30, 2026.

“Our results for the year demonstrate the durability of our business. We continue to see strong demand for BILL’s integrated platform, with increasing adoption of our AI capabilities,” said René Lacerte, BILL CEO and Founder. “The structural changes we’ve implemented position us well to develop and deliver AI-native solutions for the Fortune 5 million.”

“In Q4, we delivered 16% core revenue growth with strong non-GAAP profitability — demonstrating that growth and margin expansion are not a trade-off at BILL,” said Rohini Jain, BILL Chief Financial Officer. “We enter FY’27 on a clear path to meaningful GAAP profitability, with the focus, accountability, and alignment to sustain it.”

Financial Highlights for the Fourth Quarter of Fiscal 2026:

•Total revenue was $436.2 million, an increase of 14% year-over-year.

•Core revenue, which consists of subscription and transaction fees, was $400.5 million, an increase of 16% year-over-year. Subscription fees were $76.2 million, up 11% year-over-year. Transaction fees were $324.3 million, up 17% year-over-year.

•Float revenue, which consists of interest on funds held for customers, was $35.7 million.

•Gross profit was $356.2 million, representing an 81.7% gross margin, compared to $309.8 million, or an 80.8% gross margin, in the fourth quarter of fiscal 2025. Non-GAAP gross profit was $370.3 million, representing an 84.9% non-GAAP gross margin, compared to $322.7 million, or an 85.0% non-GAAP gross margin, in the fourth quarter of fiscal 2025.

•Operating loss was $34.3 million, compared to an operating loss of $22.3 million in the fourth quarter of fiscal 2025. Non-GAAP operating income was $101.6 million, compared to $56.4 million in the fourth quarter of fiscal 2025, an increase of 80% year-over-year.

•Net loss was $18.5 million, or $0.19 per share, basic and diluted, compared to a net loss of $7.1 million, or $0.07 per share, basic and diluted, in the fourth quarter of fiscal 2025. Non-GAAP net income was $94.0 million, or $0.84 per diluted share, compared to non-GAAP net income of $61.6 million, or $0.53 per diluted share in the fourth quarter of fiscal 2025.

Financial Highlights for Fiscal Year 2026:

•Total revenue was $1,653.2 million, an increase of 13% year-over-year.

•Core revenue, which consists of subscription and transaction fees, was $1,504.7 million, an increase of 16% year-over-year. Subscription fees were $293.5 million, up 8% year-over-year. Transaction fees were $1,211.2 million, up 18% year-over-year.

•Float revenue, which consists of interest on funds held for customers, was $148.4 million.

•Gross profit was $1,337.9 million, representing an 80.9% gross margin, compared to $1,190.5 million, or an 81.4% gross margin, in the prior fiscal year. Non-GAAP gross profit was $1,396.2 million, representing an 84.5% non-GAAP gross margin, compared to $1,242.7 million, or an 85.0% non-GAAP gross margin, in the prior fiscal year.

•Operating loss was $73.4 million, compared to an operating loss of $80.6 million in the prior fiscal year. Non-GAAP operating income was $323.7 million, compared to $239.5 million in the prior fiscal year, an increase of 35% year-over-year.

•Net loss was $11.2 million, or $0.11 per share, basic and diluted, compared to net income of $23.8 million, or $0.23 and $(0.07) per share, basic and diluted, respectively, in the prior fiscal year. Non-GAAP net income was $314.8 million, or $3.15 and $2.77 per basic and diluted share, respectively, compared to non-GAAP net income of $251.8 million, or $2.43 and $2.21 per basic and diluted share, respectively, in the prior fiscal year.

Business Highlights and Recent Developments:

•Served 479,300 businesses using our solutions as of the end of the fourth quarter.1

•Processed $98 billion in total payment volume in the fourth quarter, an increase of 14% year-over-year.

•Processed 37 million transactions during the fourth quarter, an increase of 14% year-over-year.

•As of June 30, 2026, 9.2 million BILL standalone network members have originated or received an electronic payment using our platform, an increase of 11% year-over-year.

•Welcomed Jonathan Leaf as Chief Revenue Officer to lead BILL’s global revenue organization, spanning sales, marketing, embedded partnerships, and customer experience.

•Repurchased approximately 8.4 million shares of BILL common stock in the fourth quarter for a total cost of approximately $300 million.

Financial Outlook

We are providing the following guidance for the fiscal first quarter ending September 30, 2026 and the full fiscal year ending June 30, 2027.

Q1 FY27

Guidance

FY27

Guidance

Total revenue (millions) $432.5 - $442.5 $1,807.0 - $1,857.0

Year-over-year total revenue growth 9% - 12% 9% - 12%

Core revenue (millions) $398.0 - $408.0 $1,669.0 - $1,719.0

Year-over-year core revenue growth 11% - 14% 11% - 14%

Rewards expense (millions) $92.5 $401.5

Non-GAAP operating income (millions) $112.5 - $117.5 $421.0 - $451.0

Non-GAAP net income (millions) $98.0 - $102.0 $370.5 - $394.5

Non-GAAP net income per diluted share

$0.96 - $1.00

$3.56 - $3.79

The outlook for non-GAAP net income and non-GAAP net income per diluted share includes a non-GAAP provision for income taxes of 20%. The outlook for non-GAAP net income per diluted share does not take any future repurchases of BILL shares into account, as the impact of such repurchases on a per diluted share basis is not reasonably estimable.

This quarter, we are additionally providing guidance for our rewards expense for the fiscal first quarter ending September 30, 2026 and the fiscal year ending June 30, 2027. We are providing such guidance in anticipation of a planned voluntary change in our revenue presentation, beginning with our quarterly report for the fiscal quarter ending September 30, 2026, pursuant to which we will net rewards expense directly from core revenue (and total revenue) rather than recording it as an operating expense under sales and marketing. We believe this presentation will better represent the economic substance of our Spend and Expense offering and will align with prevailing industry practice, facilitating better comparability of our financial results for investors. The total revenue and core revenue guidance above is presented before deducting rewards expense and does not reflect the planned change described here.

These statements are forward-looking and actual results may differ materially. Refer to the “Note on Forward-Looking Statements” below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Refer to “Non-GAAP Financial Measures” below for additional information on our non-GAAP financial measures and to the

reconciliation tables at the end of this press release for the reconciliation of GAAP and non-GAAP results. BILL has not provided a reconciliation of its non-GAAP operating income, non-GAAP net income or non-GAAP net income per diluted share guidance to the most directly comparable GAAP measures because certain items excluded from GAAP cannot be reasonably calculated or predicted at this time. Accordingly, a reconciliation is not available without unreasonable effort.

Conference Call and Webcast Information

In conjunction with this announcement, BILL will host a conference call for investors at 1:30 p.m. PT (4:30 p.m. ET) today to discuss fiscal fourth quarter and fiscal year 2026 results and our outlook for the fiscal first quarter ending September 30, 2026 and

1 Businesses using more than one of our solutions are included separately in the total for each solution utilized.

fiscal year ending June 30, 2027. The live webcast and a replay of the webcast will be available at the Investor Relations section of BILL’s website: https://investor.bill.com/events-and-presentations/default.aspx.

About BILL

BILL (NYSE: BILL) the intelligent finance platform trusted by nearly half a million businesses and their accountants to manage, move, and maximize their money. BILL powers businesses ranging from fast-moving startups to growing companies with complex operations. We use AI to deliver strategic finance capabilities in one integrated platform that includes AP, AR, expenses, forecasting, procurement and more. With a member network of more than 9 million, BILL’s platform processes ~1% of US GDP annually. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and software providers. For more information, visit bill.com.

Note on Forward-Looking Statements

This press release and the accompanying conference call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements other than statements of historical facts, and statements in the future tense. Forward-looking statements are based on our expectations as of the date of this press release and are subject to a number of risks, uncertainties and assumptions, many of which involve factors or circumstances that are beyond our control. These statements include, but are not limited to, statements regarding our expectations of future performance, including guidance for our total revenue, core revenue, rewards expense, non-GAAP operating income, non-GAAP net income, and non-GAAP net income per diluted share for the fiscal first quarter ending September 30, 2026 and full fiscal year ending June 30, 2027, our expectations for GAAP profitability and stock-based compensation expense, our planned investments in fiscal year 2027, our revenue growth and profitability profile in future years, activity under our share repurchase program, including the timing, manner, amount, and impact of any repurchases, our expectations for the growth of demand for our platform and the expansion of our customers’ utilization of our services, our planned voluntary change in revenue presentation and the development, deployment and adoption of AI-enabled products and capabilities. These risks and uncertainties include, but are not limited to macroeconomic factors, including changes in interest rates, significant political and regulatory developments or changes in trade policy, including government budget cuts, government shutdowns, the imposition of tariffs and other trade barriers, inflationary, recessionary, and volatile market environments, as well as fluctuations in foreign exchange rates, our history of operating losses, our recent rapid growth, the large sums of customer funds that we transfer daily, the risk of loss, errors and fraudulent activity, credit risk related to our BILL Divvy Cards and our invoice financing offering, our ability to attract new customers and convert trial customers into paying customers, our ability to develop, deploy, commercialize and realize expected benefits from AI agents and other AI-enabled tools, our ability to invest in our business and develop new products and services, increased competition or new entrants in the marketplace, potential impacts of acquisitions, investments and other strategic transactions, changes to card network rules and interchange fee rates, our relationships with accounting firms, financial institutions and software providers, the global impacts of ongoing geopolitical conflicts, the actual and expected impacts of the above factors on the SMBs we serve and other risks detailed in the registration statements and periodic reports we file with the Securities and Exchange Commission (SEC), including our quarterly and annual reports, which may be obtained on the Investor Relations section of BILL’s website (https://investor.bill.com/financials/sec-filings/default.aspx) and on the SEC website at www.sec.gov. You should not rely on these forward-looking statements, as actual results may differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties. All forward-looking statements in this press release are based on information available to us as of the date hereof. We assume no obligation to update or revise the forward-looking statements contained in this press release or the accompanying conference call because of new information, future events, or otherwise.

Non-GAAP Financial Measures

In addition to financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release and the accompanying tables contain, and the conference call will contain, non-GAAP financial measures, including non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP net income per share, basic and diluted, and free cash flow. The non-GAAP financial information is presented for supplemental informational purposes only and is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP.

Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool.

We exclude the following items from non-GAAP gross profit and non-GAAP gross margin:

•stock-based compensation and related payroll taxes

•depreciation and amortization

We exclude the following items from non-GAAP operating expenses and non-GAAP operating income:

•stock-based compensation and related payroll taxes

•depreciation and amortization

•restructuring

•acquisition and integration-related expenses

•professional advisory fees related to shareholders' activism

We exclude the following items from non-GAAP net income and non-GAAP net income per share:

•stock-based compensation expense and related payroll taxes

•depreciation and amortization

•restructuring

•acquisition and integration-related expenses

•professional advisory fees related to shareholders' activism

•gain on debt extinguishment

•amortization of debt discount and issuance costs

•non-GAAP provision for income taxes

It is important to note that the particular items we exclude from, or include in, our non-GAAP financial measures may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies in the same industry. We also periodically review our non-GAAP financial measures and may revise these measures to reflect changes in our business or otherwise, including our blended U.S. statutory tax rate.

We believe that these non-GAAP financial measures provide useful information about our financial performance, enhance the overall understanding of our past performance and future prospects, and allow for greater transparency with respect to important metrics used by our management for financial and operational decision-making. We believe that these measures provide an additional tool for investors to use in comparing our core financial performance over multiple periods with other companies in our industry.

We adjust the following items from one or more of our non-GAAP financial measures:

Stock-based compensation and related payroll taxes charged to cost of revenue and operating expenses. We exclude stock-based compensation, which is a non-cash expense, and related payroll taxes from certain of our non-GAAP financial measures because we believe that excluding these items provide meaningful supplemental information regarding operational performance. In particular, companies calculate stock-based compensation expenses using a variety of valuation methodologies and subjective assumptions while the related payroll taxes are dependent on the price of our common stock and other factors that are beyond our control and do not correlate to the operation of our business.

Depreciation and amortization. We exclude depreciation and amortization from certain of our non-GAAP financial measures because we believe that excluding this non-cash charge provides meaningful supplemental information regarding operational performance. Depreciation and amortization do not include amortization of capitalized internal-use software costs paid in cash.

Restructuring. We exclude costs incurred in connection with formal restructuring plans and reductions-in-force from certain of our non-GAAP financial measures because these costs are atypical and would have not otherwise been incurred in the normal course of our business operations.

Professional advisory fees related to shareholders' activism. We exclude costs associated with incremental professional advisory fees incurred in connection with activist shareholders, as these costs are atypical and do not reflect costs incurred from our regular engagement with shareholders.

Gain on debt extinguishment. We exclude gain on debt extinguishment associated with our repurchases of certain of our outstanding convertible senior notes because we believe that excluding this non-cash gain provides better insight regarding our operational performance.

Amortization of debt discount and issuance costs. We exclude amortization of debt discount and issuance costs associated with our issuance of our convertible senior notes and credit arrangement from certain of our non-GAAP financial measures because we

believe that excluding this non-cash interest expense provides meaningful supplemental information regarding our operational performance.

Non-GAAP provision for income taxes. Consists of assumed provision for income taxes based on the statutory tax rate taking into consideration the nature of the taxed item and the relevant taxing jurisdiction.

In addition, free cash flow is a non-GAAP measure defined as net cash provided by operating activities, adjusted by purchases of property and equipment and capitalization of internal-use software costs. We believe free cash flow is an important liquidity measure of the cash that is generated, after incurring operating expenses, purchases of property and equipment and capitalization of internal-use software costs, for future operational expenses and investment in our business. Free cash flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash in the ordinary course of business. One limitation of free cash flow is that it does not reflect our future contractual commitments. Additionally, free cash flow does not represent the total increase or decrease in our cash balance for a given period. Once our business needs and obligations are met, cash can be used to maintain strong balance sheets and invest in future growth.

There are material limitations associated with the use of non-GAAP financial measures since they exclude significant expenses and income that are required by GAAP to be recorded in our financial statements. Please see the reconciliation tables at the end of this press release for the reconciliation of GAAP and non-GAAP results.

IR Contact:

Jack Andrews

investor@ir.bill.com

Press Contact:

Lauren Johns

pr@hq.bill.com

Source: BILL

BILL HOLDINGS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, in thousands)

June 30,

2026 2025

ASSETS

Current assets:

Cash and cash equivalents $ 1,031,053 $ 1,038,346

Short-term investments 906,456 1,180,110

Accounts receivable, net 30,995 32,341

Acquired card receivables, net 811,807 685,108

Prepaid expenses and other current assets 302,158 258,418

Funds held for customers 4,352,633 4,044,470

Total current assets 7,435,102 7,238,793

Non-current assets:

Operating lease right-of-use assets, net 47,821 56,086

Property and equipment, net 144,945 116,611

Intangible assets, net 162,146 222,805

Goodwill 2,396,509 2,396,509

Other assets 31,616 33,178

Total assets $ 10,218,139 $ 10,063,982

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable $ 9,637 $ 16,293

Accrued compensation and benefits 32,930 39,581

Deferred revenue 19,377 22,435

Other accruals and current liabilities 387,259 252,455

Borrowings from credit facilities — 180,005

Convertible senior notes, net 123,057 33,421

Customer fund deposits 4,352,633 4,044,470

Total current liabilities 4,924,893 4,588,660

Non-current liabilities:

Deferred revenue 333 285

Operating lease liabilities 48,468 58,372

Borrowings from credit facilities 330,000 —

Convertible senior notes, net 1,383,066 1,501,044

Other long-term liabilities 777 1,581

Total liabilities 6,687,537 6,149,942

Stockholders' equity:

Common stock 2 2

Additional paid-in capital 5,626,327 5,414,645

Accumulated other comprehensive income (loss) (6,415) 10,197

Accumulated deficit (2,089,312) (1,510,804)

Total stockholders' equity 3,530,602 3,914,040

Total liabilities and stockholders' equity $ 10,218,139 $ 10,063,982

BILL HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited, in thousands except per share amounts)

Three months ended June 30, Year ended June 30,

2026 2025 2026 2025

Revenue

Subscription and transaction fees (1)

$ 400,482 $ 345,947 $ 1,504,749 $ 1,300,804

Interest on funds held for customers 35,704 37,402 148,411 161,766

Total revenue 436,186 383,349 1,653,160 1,462,570

Cost of revenue

Service costs (1)

67,825 63,172 265,808 229,805

Depreciation and amortization (2)

12,170 10,416 49,487 42,298

Total cost of revenue 79,995 73,588 315,295 272,103

Gross profit 356,191 309,761 1,337,865 1,190,467

Operating expenses

Research and development (1)

63,090 90,050 300,571 340,059

Sales and marketing (1)

158,331 148,098 616,211 543,711

General and administrative (1)

70,710 70,169 299,410 281,913

Provision for expected credit losses 13,503 15,785 71,056 72,749

Depreciation and amortization (2)

8,241 7,909 33,169 32,637

Restructuring (1)

76,569 — 90,895 —

Total operating expenses 390,444 332,011 1,411,312 1,271,069

Operating loss (34,253) (22,250) (73,447) (80,602)

Other income, net 14,226 19,180 63,316 111,012

Income (loss) before provision for income taxes (20,027) (3,070) (10,131) 30,410

Provision for (benefit from) income taxes (1,551) 4,004 1,110 6,611

Net income (loss) $ (18,476) $ (7,074) $ (11,241) $ 23,799

Net income (loss) per share attributable to common stockholders:

Basic $ (0.19) $ (0.07) $ (0.11) $ 0.23

Diluted $ (0.19) $ (0.07) $ (0.11) $ (0.07)

Weighted-average number of common shares used to compute net income (loss) per share attributable to common stockholders:

Basic 97,896 103,231 99,918 103,568

Diluted 97,896 103,231 99,918 103,912

(1) Includes stock-based compensation charged to revenue and expenses as follows (in thousands):

Three months ended June 30, Year ended June 30,

2026 2025 2026 2025

Revenue - subscription and transaction fees $ 607 $ 632 $ 2,449 $ 2,329

Cost of revenue - service costs 1,879 2,480 8,554 9,627

Research and development 13,192 27,338 92,456 107,603

Sales and marketing 4,749 9,211 32,752 39,992

General and administrative 17,774 20,100 78,082 82,981

Restructuring 14,579 — 15,485 —

Total stock-based compensation

$ 52,780 $ 59,761 $ 229,778 $ 242,532

(2) Depreciation and amortization does not include amortization of capitalized internal-use software costs paid in cash of $8.9 million and $33.9 million during the three and twelve months ended June 30, 2026, respectively, and $3.6 million and $14.5 million during the three and twelve months ended June 30, 2025, respectively, which are included in service costs and general and administrative in the condensed consolidated statements of operations.

BILL HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, in thousands)

Three Months Ended

June 30, Year Ended

June 30,

2026 2025 2026 2025

Cash flows from operating activities:

Net income (loss) $ (18,476) $ (7,072) $ (11,241) $ 23,799

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Stock-based compensation 52,780 59,761 229,778 242,532

Amortization of intangible assets 15,165 15,165 60,659 61,925

Depreciation of property and equipment 5,246 3,160 21,997 13,010

Amortization of capitalized internal-use software costs paid in cash 8,858 3,561 33,896 14,508

Amortization of debt discount and issuance costs 1,608 1,459 6,434 4,739

Accretion of discount on investments in marketable debt securities (4,749) (7,590) (23,893) (37,000)

Accretion of discount on loans held for investment (7,478) (5,976) (28,238) (21,215)

Gain on debt extinguishment — — — (40,550)

Provision for expected credit losses on acquired card receivables and other financial assets 10,050 10,869 54,588 45,708

Provision for expected credit losses on loans held for investment 3,452 4,916 16,468 27,041

Non-cash operating lease expense 2,115 1,990 8,265 8,164

Other (825) (515) 124 395

Changes in assets and liabilities:

Accounts receivable 1,008 (5,740) 1,418 (4,458)

Prepaid expenses and other current assets (8,264) (8,780) 3,135 (26,986)

Other assets 1,093 19 1,167 8,417

Accounts payable 2,604 6,453 (5,871) 8,213

Other accruals and current liabilities 53,449 15,841 61,190 30,222

Operating lease liabilities (2,439) (2,225) (9,950) (9,412)

Other long-term liabilities (2,250) (2,215) (1,084) 46

Deferred revenue (1,961) 734 (3,010) 1,546

Net cash provided by operating activities 110,986 83,815 415,832 350,644

Cash flows from investing activities:

Purchases of corporate and customer fund short-term investments (283,835) (532,761) (1,617,044) (2,847,736)

Proceeds from maturities and sales of corporate and customer fund short-term investments 543,531 487,261 1,790,861 2,214,628

Purchase of intangible assets — — — (2,868)

Purchases of loans held for investment (281,557) (222,041) (1,041,055) (798,926)

Principal repayments of loans held for investment 284,594 223,218 1,051,637 787,513

Acquired card receivables, net (3,388) 16,949 (150,032) (129,439)

Purchases of property and equipment (375) (2,789) (3,334) (4,335)

Capitalization of internal-use software costs (14,062) (12,548) (57,822) (33,767)

Other (371) (878) (1,809) (2,460)

Net cash provided by (used in) investing activities 244,537 (43,589) (28,598) (817,390)

Three Months Ended

June 30, Year Ended

June 30,

2026 2025 2026 2025

Cash flows from financing activities:

Proceeds from issuance of convertible senior notes — — — 1,400,000

Cash paid for convertible senior notes issuance costs — — — (24,006)

Payments for repurchase and settlement of convertible senior notes — — (33,463) (539,403)

Purchase of capped calls — — — (92,960)

Customer fund deposits liability and other 344,664 380,539 285,549 318,683

Prepaid card deposits (4,432) (14,956) 27,125 28,517

Repurchase of common stock (287,827) (30,001) (560,485) (430,002)

Proceeds from line of credit borrowings — — 150,000 —

Cash paid for line of credit issuance costs (811) (1,721) (811) (1,721)

Proceeds from exercise of stock options 1,428 929 2,945 3,701

Tax withholdings related to net share settlements of equity awards (11,652) (1,424) (55,616) (7,840)

Proceeds from issuance of common stock under the employee stock purchase plan 7,273 6,251 11,921 11,553

Net cash provided by (used in) financing activities 48,643 339,617 (172,835) 666,522

Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents (193) (109) (50) (290)

Net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents 403,973 379,734 214,349 199,486

Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period 3,361,260 3,171,150 3,550,884 3,351,398

Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period $ 3,765,233 $ 3,550,884 $ 3,765,233 $ 3,550,884

Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents within the consolidated balance sheets to the amounts shown in the consolidated statements of cash flows above:

Cash and cash equivalents $ 1,031,053 $ 1,038,346

Restricted cash included in other current assets 137,635 101,620

Restricted cash included in other assets 3,304 4,885

Restricted cash and restricted cash equivalents included in funds held for customers 2,593,241 2,406,033

Total cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year $ 3,765,233 $ 3,550,884

Supplemental disclosure of cash flow information:

Cash paid for interest during the period $ 18,963 $ 13,782

Cash paid for income taxes during the period $ 1,108 $ 6,321

Noncash investing and financing activities:

Payable on purchases of property and equipment and internal-use software costs $ 3,407 $ 5,234

Payable on purchases of acquired card receivables $ 40,397 $ 9,213

Payable on repurchase of common stock $ 9,998 $ 5,000

Payable on excise tax $ 4,437 $ 2,653

Issuance and exercise of warrants $ — $ 13,125

BILL HOLDINGS, INC.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(Unaudited, in thousands except percentages and per share amounts)

Three Months Ended

June 30, Year Ended

June 30,

2026 2025 2026 2025

Reconciliation of gross profit:

GAAP gross profit $ 356,191 $ 309,761 $ 1,337,865 $ 1,190,467

Add:

Depreciation and amortization (1)

12,170 10,416 49,487 42,298

Stock-based compensation and related payroll taxes charged to cost of revenue 1,938 2,553 8,834 9,920

Non-GAAP gross profit $ 370,299 $ 322,730 $ 1,396,186 $ 1,242,685

GAAP gross margin 81.7 % 81.0 % 80.9 % 81.4 %

Non-GAAP gross margin 84.9 % 85.0 % 84.5 % 85.0 %

_____________________________

(1) Consists of depreciation of property and equipment and amortization of developed technology, excluding amortization of capitalized internal-use software costs paid in cash of $7.8 million and $31.3 million during the three and twelve months ended June 30, 2026, respectively, and $3.6 million and $14.5 million during the three and twelve months ended June 30, 2025, respectively, which are included in service costs in the condensed consolidated statements of operations.

Three Months Ended

June 30, Year Ended

June 30,

2026 2025 2026 2025

Reconciliation of operating expenses:

GAAP research and development expenses $ 63,090 $ 90,050 $ 300,571 $ 340,059

Less - stock-based compensation and related payroll taxes (13,872) (27,952) (95,252) (110,255)

Non-GAAP research and development expenses $ 49,218 $ 62,098 $ 205,319 $ 229,804

GAAP sales and marketing expenses $ 158,331 $ 148,098 $ 616,211 $ 543,711

Less - stock-based compensation and related payroll taxes (4,928) (9,382) (33,646) (40,801)

Non-GAAP sales and marketing expenses $ 153,403 $ 138,716 $ 582,565 $ 502,910

GAAP general and administrative expenses $ 70,710 $ 70,169 $ 299,410 $ 281,913

Less:

Stock-based compensation and related payroll taxes (18,147) (20,390) (79,523) (84,329)

Restructuring — — — 92

Professional advisory fees related to shareholders' activism — — (6,365) —

Non-GAAP general and administrative expenses $ 52,563 $ 49,779 $ 213,522 $ 197,676

Three Months Ended

June 30, Year Ended

June 30,

2026 2025 2026 2025

Reconciliation of operating loss:

GAAP operating loss $ (34,253) $ (22,250) $ (73,447) $ (80,602)

Add:

Depreciation and amortization (1)

20,411 18,325 82,656 74,935

Stock-based compensation and related payroll taxes charged to cost of revenue and operating expenses (2)

38,885 60,277 217,255 245,305

Acquisition and integration-related expenses — — — —

Restructuring 76,569 — 90,895 (92)

Professional advisory fees related to shareholders' activism — — 6,365 —

Non-GAAP operating income $ 101,612 $ 56,352 $ 323,724 $ 239,546

GAAP operating margin (8) % (6) % (4) % (6) %

Non-GAAP operating margin 23 % 15 % 20 % 16 %

_____________________________

(1) Excludes amortization of capitalized internal-use software costs paid in cash of $8.9 million and $33.9 million during the three and twelve months ended June 30, 2026, respectively, and $3.6 million and $14.5 million during the three and twelve months ended June 30, 2025, respectively, which are included in service costs and general and administrative in the condensed consolidated statements of operations.

(2) Excludes stock-based compensation charged to Restructuring, shown separately below.

Three Months Ended

June 30, Year Ended

June 30,

2026 2025 2026 2025

Reconciliation of net income (loss):

GAAP net income (loss) $ (18,476) $ (7,074) $ (11,241) $ 23,799

Add - GAAP provision for (benefit from) income taxes (1,551) 4,004 1,110 6,611

Income (loss) before taxes (20,027) (3,070) (10,131) 30,410

Add (less):

Depreciation and amortization (1)

20,411 18,325 82,656 74,935

Stock-based compensation and related payroll taxes charged to cost of revenue and operating expenses (2)

38,885 60,277 217,255 245,305

Acquisition and integration-related expenses — — — —

Restructuring 76,569 — 90,895 (92)

Professional advisory fees related to shareholders' activism — — 6,365 —

Amortization of debt discount and issuance costs 1,608 1,459 6,434 4,739

Gain on debt extinguishment — — — (40,550)

Non-GAAP net income before non-GAAP tax adjustments $ 117,446 $ 76,991 $ 393,474 $ 314,747

Non-GAAP provision for income taxes (3)

(23,489) (15,398) (78,695) (62,949)

Non-GAAP net income $ 93,957 $ 61,593 $ 314,779 $ 251,798

_____________________________

(2) Excludes stock-based compensation charged to Restructuring, shown separately below.

(3) The non-GAAP provision for income taxes is calculated using a blended tax rate of 20%, taking into consideration the nature of the taxed item and the applicable statutory tax rate in each relevant taxing jurisdiction.

Three Months Ended

June 30, Year Ended

June 30,

2026 2025 2026 2025

Reconciliation of net income (loss) per share attributable to

common stockholders, basic and diluted:

GAAP net income (loss) per share attributable to common stockholders, basic and diluted $ (0.19) $ (0.07) $ (0.11) $ 0.23

Add - GAAP provision for income taxes (0.02) 0.04 0.01 0.06

Income (loss) before taxes (0.21) (0.03) (0.10) 0.29

Add (less):

Depreciation and amortization (1)

0.21 0.18 0.83 0.72

Stock-based compensation and related payroll taxes charged to cost of revenue and operating expenses 0.40 0.58 2.18 2.37

Restructuring 0.78 — 0.91 (0.00)

Professional advisory fees related to shareholders' activism — — 0.06 —

Amortization of debt discount and issuance costs 0.02 0.01 0.06 0.05

Gain on debt extinguishment — — — (0.39)

Non-GAAP net income before non-GAAP tax adjustments per share

attributable to common stockholders, basic $ 1.20 $ 0.75 $ 3.94 $ 3.04

Non-GAAP net income before non-GAAP tax adjustments per share

attributable to common stockholders, diluted $ 1.06 $ 0.66 $ 3.46 $ 2.76

Less - Non-GAAP provision for income taxes (0.24) (0.15) (0.79) (0.61)

Non-GAAP net income per share attributable to common stockholders, basic $ 0.96 $ 0.60 $ 3.15 $ 2.43

Non-GAAP net income per share attributable to common stockholders, diluted $ 0.84 $ 0.53 $ 2.77 $ 2.21

___________________

Three Months Ended

June 30, Year Ended

June 30,

2026 2025 2026 2025

Shares used to compute GAAP and non-GAAP net income (loss)

per share attributable to common stockholders, basic

97,896 103,231 99,918 103,568

Shares used to compute GAAP net income (loss)

per share attributable to common stockholders, diluted 97,896 103,231 99,918 103,912

Shares used to compute non-GAAP net income

per share attributable to common stockholders, diluted 111,206 116,754 113,601 114,034

BILL HOLDINGS, INC.

FREE CASH FLOW

(Unaudited, in thousands)

Three months ended June 30, Year ended June 30,

2026 2025 2026 2025

Net cash provided by operating activities $ 110,986 $ 83,815 $ 415,832 $ 350,644

Purchases of property and equipment (375) (2,789) (3,334) (4,335)

Capitalization of internal-use software costs (14,062) (12,548) (57,822) (33,767)

Free cash flow $ 96,549 $ 68,478 $ 354,676 $ 312,542

BILL HOLDINGS, INC.

SUPPLEMENTAL FINANCIAL AND OPERATING METRICS

(Unaudited, in millions)

Three Months Ended

June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026

Revenue

Subscription fees $ 65.8 $ 67.4 $ 67.7 $ 68.2 $ 68.8 $ 70.8 $ 72.1 $ 74.5 $ 76.2

Transaction fees 235.5 247.5 251.9 252.1 277.1 287.2 303.1 296.6 324.3

Total subscription and transaction fees (1)

301.3 314.9 319.6 320.3 345.9 358.0 375.1 371.1 400.5

Interest on funds held for customers (2)

42.4 43.5 42.9 37.9 37.4 37.7 39.5 35.4 35.7

Total revenue $ 343.7 $ 358.5 $ 362.6 $ 358.2 $ 383.3 $ 395.7 $ 414.7 $ 406.6 $ 436.2

Revenue by solution

BILL AP/AR $ 154.9 $ 162.3 $ 166.8 $ 163.8 $ 174.9 $ 178.6 $ 185.9 $ 183.2 $ 192.4

BILL Spend and Expense 126.4 132.6 133.9 137.9 150.6 157.3 166.5 167.2 184.6

Integrated Platform 281.3 294.9 300.7 301.7 325.5 335.9 352.3 350.4 377.0

Embedded Solutions and Other 20.0 20.1 18.9 18.6 20.4 22.1 22.8 20.7 23.5

Total subscription and transaction fees $ 301.3 $ 314.9 $ 319.6 $ 320.3 $ 345.9 $ 358.0 $ 375.1 $ 371.1 $ 400.5

___________________

(1) The sum of subscription fees and transaction fees is also referred to as “Core Revenue” in this release.

(2) The interest on funds held for customers is also referred to as “Float Revenue” in this release.

Three Months Ended

June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026

Subscription fees

BILL AP/AR $ 51.3 $ 53.1 $ 54.5 $ 55.2 $ 55.4 $ 56.1 $ 57.7 $ 60.9 $ 61.4

Embedded Solutions and Other 14.5 14.3 13.2 12.9 13.4 14.8 14.4 13.5 14.8

Total subscription fees $ 65.8 $ 67.4 $ 67.7 $ 68.2 $ 68.8 $ 70.8 $ 72.1 $ 74.5 $ 76.2

Transaction fees

BILL AP/AR $ 103.6 $ 109.1 $ 112.4 $ 108.5 $ 119.4 $ 122.5 $ 128.2 $ 122.3 $ 131.1

BILL Spend and Expense 126.4 132.6 133.9 137.9 150.6 157.3 166.5 167.2 184.6

Integrated Platform 230.0 241.8 246.2 246.4 270.1 279.8 294.7 289.5 315.6

Embedded Solutions and Other 5.5 5.8 5.7 5.7 7.0 7.4 8.4 7.1 8.7

Total transaction fees $ 235.5 $ 247.5 $ 251.9 $ 252.1 $ 277.1 $ 287.2 $ 303.1 $ 296.6 $ 324.3

Supplemental Information

Rewards expense $ 60.5 $ 62.1 $ 64.7 $ 68.4 $ 76.8 $ 81.3 $ 87.0 $ 85.3 $ 94.0

Rewards expense as a percentage of revenue from BILL Spend and Expense interchange fees 48 % 47 % 48 % 50 % 51 % 52 % 52 % 51 % 51 %

___________________

“BILL AP/ARˮ and “BILL Spend and Expenseˮ exclude revenue contributed by customers referred through financial institutions

(“FI Channelˮ). “Embedded Solutions and Otherˮ include revenue contributed from the FI Channel, Invoice2go, and other solutions.

Note: Totals may not sum due to rounding.

As of

June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026

Businesses using solutions

BILL AP/AR customers 151,200 156,100 160,600 164,800 169,500 173,500 177,500 181,500 183,300

BILL Spend and Expense spending businesses 34,800 36,400 37,800 39,500 41,100 42,500 44,000 45,600 46,500

Integrated Platform 186,000 192,500 198,400 204,300 210,500 216,000 221,400 227,100 229,800

Embedded Solutions and Other customers 288,500 283,800 282,900 284,300 283,200 282,500 277,000 266,700 249,500

Total Businesses Using Solutions 474,600 476,200 481,300 488,600 493,700 498,500 498,500 493,800 479,300

___________________

“BILL AP/ARˮ and “BILL Spend and Expenseˮ exclude revenue contributed by customers referred through our FI Channel. “Embedded Solutions and Otherˮ includes revenue contributed from our FI Channel, Invoice2go, and other solutions.

Note: Totals may not sum due to rounding.

Three Months Ended

June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026

Total Payment Volume (TPV, in billions)

BILL AP/AR $ 64.4 $ 67.7 $ 71.9 $ 66.9 $ 72.5 $ 74.7 $ 79.9 $ 73.9 $ 82.0

BILL Spend and Expense 4.8 5.1 5.2 5.3 5.8 6.2 6.5 6.6 7.1

Integrated Platform 69.2 72.8 77.1 72.3 78.4 80.9 86.4 80.5 89.0

Embedded Solutions and Other 6.7 7.1 7.4 7.1 7.8 8.4 8.7 8.2 9.2

Total Payment Volume $ 75.9 $ 79.8 $ 84.5 $ 79.4 $ 86.1 $ 89.3 $ 95.1 $ 88.7 $ 98.2

Transactions processed

(in millions)

BILL AP/AR 11.5 11.7 12.2 11.5 12.4 12.5 12.8 12.1 12.9

BILL Spend and Expense 14.8 15.3 16.1 16.5 18.5 18.8 19.8 19.5 21.8

Integrated Platform 26.3 27.0 28.3 28.0 30.9 31.3 32.6 31.6 34.7

Embedded Solutions and Other 1.6 1.6 1.7 1.8 2.0 2.0 2.1 2.4 2.7

Total Transactions 27.8 28.6 30.0 29.7 32.9 33.3 34.7 34.0 37.4

___________________

Note: Totals may not sum due to rounding.

GRAPHIC

Filename: billlogo.jpg · Sequence: 6

Binary file (20463 bytes)

Download billlogo.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.1

Cover

Aug. 19, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Aug. 19, 2026

Entity Registrant Name

BILL Holdings, Inc.

Entity Incorporation, State or Country Code

Entity File Number

001-39149

Entity Tax Identification Number

83-2661725

Entity Address, Address Line One

6220 America Center Drive, Suite 100

Entity Address, State or Province

Entity Address, City or Town

San Jose

Entity Address, Postal Zip Code

95002

City Area Code

650

Local Phone Number

621-7700

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, $0.00001 par value

Trading Symbol

BILL

Security Exchange Name

NYSE

Entity Emerging Growth Company

false

Entity Central Index Key

0001786352

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration