BILL swings to $3.0 million GAAP net loss as Q1 revenue rises 10%
BILL reported fiscal first-quarter 2026 results for the period ended September 30, 2025, with total revenue of $395.7 million, up 10% year-over-year. GAAP net loss was $3.0 million, or $(0.03) per share, compared with net income of $8.9 million, or $0.08 per share, a year earlier, while non-GAAP net income was $70.2 million, or $0.61 per diluted share, versus $0.63 a year earlier. The company also issued fiscal 2026 total revenue guidance of $1,596.5 million to $1,626.5 million.
Key points
- Total revenue was $395.7 million, up 10% year-over-year; core revenue was $358.0 million, up 14%.
- GAAP operating loss was $20.7 million, compared with a $7.7 million operating loss a year earlier; restructuring charges were $8.9 million.
- Non-GAAP net income was $70.2 million, or $0.61 per diluted share, versus $0.63 per diluted share in the prior-year quarter.
- For fiscal 2026, the company guided total revenue to $1,596.5 million to $1,626.5 million, or 9% to 11% growth, and non-GAAP net income per diluted share to $2.11 to $2.25.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.