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Dec 31, 2019
BILL Q2 2020 Earnings Report
Reported strong results with solid revenue growth and expansion of non-GAAP gross margins.
Key Takeaways
Bill.com reported a total revenue of $39.1 million, a 50% increase year-over-year. Subscription and transaction revenue increased by 61% to $33.0 million, while interest on funds held for customers grew by 10% to $6.1 million. The company's GAAP gross profit was $29.3 million, and net loss was $7.6 million, or ($0.34) per share.
Total revenue increased by 50% year-over-year, reaching $39.1 million.
Subscription and transaction revenue grew by 61% year-over-year, amounting to $33.0 million.
GAAP gross profit was $29.3 million, with a gross margin of 75.0%.
Completed initial public offering (IPO) on December 12, 2019.
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BILL Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income