CluenexBill.com BILL
Bill.com scores average on business quality (4.6 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Bill.com does
BILL Holdings builds cloud software that automates accounts payable and receivable for small and mid-sized businesses, charging subscription and transaction fees. The firm is scaling its platform integrations to capture more payment volume directly inside accounting systems.
- What it does best
BILL commands a top decile gross margin of 81% in its sector, besting peer CCC at 73%. This pricing power stems from deep embedded workflows that make switching costs painful for small businesses.
- The main risk
Weak interest coverage of 0.7x leaves the business vulnerable to rate shifts, as debt obligations outstrip operating earnings despite holding $1.9B in cash.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin rests at a thin 1.0% while FCF margin hits an exceptional 52%. Margins are stabilizing, but the firm remains pressured by net losses.
A top quartile gross margin rank of 85% reflects strong ecosystem lock-in for small business accounting users, though low profitability limits durability.
Revenue grew 13.0% to $1.6B over the past year, continuing a steady deceleration from prior annual periods.
Total debt sits at $1.8B against $1.9B in cash, yielding a net debt of -$102M. Free cash flow reached $355M, getting stronger.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on BILL
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Bill.com scores average on the Cluenex quality check (4.6 of 10), measured against its own industry. Profitability is weak, moat fair, growth fast and financial health weak.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 29, 2026.
See BILL today
- Today's verdict on BILL, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Bill.com (BILL)”, https://cluenex.com/stocks/bill/, data as of Oct 10, 2026.