BILL Holdings 10-K: FY26 net loss $11.2M, $90.9M restructuring, $1B buyback
BILL sits 51% above its 52-week low of $31.41.
Summary
BILL Holdings' 10-K confirms a $11.2M FY26 net loss, $90.9M in restructuring charges, and a $1B buyback authorization. CEO and CFO adopted 10b5-1 plans to sell up to 792,583 shares combined.
Key Events · Earnings and Guidance · BILL
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FY26 Net Loss of $11.2M
Full-year revenue grew 13% to $1.653B, but the company swung to a net loss of $11.2M from a $23.8M profit in FY25, driven by $90.9M in restructuring charges and higher operating expenses.
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Restructuring Charges Total $90.9M
Three rounds of layoffs in FY26, including a 30% workforce reduction announced in May 2026, resulted in $90.9M of restructuring charges, with $56.2M still accrued as of June 30, 2026.
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$1B Buyback Authorization
Board authorized repurchase of up to $1.0B in shares in May 2026. Through June 30, 2026, 8.434M shares were repurchased for $300.5M, leaving $702.2M available.
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CEO and CFO Adopt 10b5-1 Plans
CEO Rene Lacerte adopted a plan to sell up to 710,541 shares and CFO Rohini Jain up to 82,042 shares, with expiration dates in September 2027.
Analysis · BILL · Technology
The annual report for fiscal 2026 confirms a net loss of $11.2 million on revenue of $1.65 billion. Restructuring charges of $90.9 million stem from three rounds of layoffs, including a 30% workforce reduction announced in May 2026. The balance sheet remains strong with $1.9 billion in cash and short-term investments, but the company carries $1.5 billion in convertible notes and $330 million drawn on credit facilities. The board authorized a $1.0 billion share repurchase program, of which $702 million remains available. CEO Rene Lacerte and CFO Rohini Jain adopted 10b5-1 trading plans covering 710,541 and 82,042 shares respectively, signaling planned insider sales over the next year.
At the time of this filing, BILL was trading at $47.40 on NYSE in the Technology sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $31.41 to $57.21. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.