$BILL
BILL Holdings, Inc.

2020 Q2 Form 10-Q Financial Statement

#000156459020023546 Filed on May 08, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2020 Q1 2019 Q2
Revenue $42.11M $41.23M $31.68M
YoY Change 32.91% 45.98% 62.48%
Cost Of Revenue $10.10M $10.11M $8.488M
YoY Change 18.99% 27.75% 52.66%
Gross Profit $32.01M $31.12M $23.20M
YoY Change 38.0% 53.07% 66.4%
Gross Profit Margin 76.02% 75.48% 73.21%
Selling, General & Admin $27.34M $26.87M $18.90M
YoY Change 44.65% 75.95% 76.49%
% of Gross Profit 85.42% 86.33% 81.49%
Research & Development $14.93M $13.97M $9.447M
YoY Change 58.03% 76.85% 90.08%
% of Gross Profit 46.64% 44.89% 40.73%
Depreciation & Amortization $1.050M $1.100M $1.580M
YoY Change -33.54%
% of Gross Profit 3.28% 3.53% 6.81%
Operating Expenses $42.27M $40.84M $28.35M
YoY Change 49.11% 76.26% 80.68%
Operating Profit -$10.26M -$9.715M -$5.153M
YoY Change 99.13% 242.32% 194.46%
Interest Expense $750.0K $23.00K
YoY Change -83.8%
% of Operating Profit
Other Income/Expense, Net $764.0K $1.397M $596.0K
YoY Change 28.19% 90.33% 80.61%
Pretax Income -$9.497M -$8.318M -$4.557M
YoY Change 108.4% 295.34% 220.92%
Income Tax $1.000K $1.000K -$59.00K
% Of Pretax Income
Net Earnings -$9.498M -$8.319M -$4.498M
YoY Change 111.16% 309.0% 216.76%
Net Earnings / Revenue -22.56% -20.18% -14.2%
Basic Earnings Per Share
Diluted Earnings Per Share -$333.7K -$114.6K -$64.70K
COMMON SHARES
Basic Shares Outstanding 72.58M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2020 Q1 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $697.6M $382.4M $162.3M
YoY Change 329.9%
Cash & Equivalents $573.6M $228.6M $90.31M
Short-Term Investments $124.0M $153.8M $71.97M
Other Short-Term Assets $1.671B $1.379B
YoY Change
Inventory
Prepaid Expenses
Receivables $4.252M $3.440M $4.398M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.379B $1.771B $1.513B
YoY Change 57.26%
LONG-TERM ASSETS
Property, Plant & Equipment $13.87M $12.32M $6.557M
YoY Change 111.47%
Goodwill $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.70M $6.819M $6.641M
YoY Change 61.12%
Total Long-Term Assets $24.57M $19.14M $13.20M
YoY Change 86.13%
TOTAL ASSETS
Total Short-Term Assets $2.379B $1.771B $1.513B
Total Long-Term Assets $24.57M $19.14M $13.20M
Total Assets $2.404B $1.790B $1.526B
YoY Change 57.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.478M $6.477M $5.063M
YoY Change -31.31%
Accrued Expenses $10.84M $10.89M $6.556M
YoY Change 65.36%
Deferred Revenue $5.891M $6.100M $3.469M
YoY Change 69.82%
Short-Term Debt $2.300M $2.300M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.677B $1.386B $1.349B
YoY Change 24.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $13.83M $11.75M $1.447M
YoY Change 855.56%
Total Long-Term Liabilities $13.83M $11.75M $1.447M
YoY Change 855.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.677B $1.386B $1.349B
Total Long-Term Liabilities $13.83M $11.75M $1.447M
Total Liabilities $1.693B $1.400B $1.353B
YoY Change 25.18%
SHAREHOLDERS EQUITY
Retained Earnings -$148.7M -$139.2M -$117.7M
YoY Change 26.43%
Common Stock $2.000K $2.000K $1.000K
YoY Change 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $710.7M $389.9M -$102.7M
YoY Change
Total Liabilities & Shareholders Equity $2.404B $1.790B $1.526B
YoY Change 57.51%

Cashflow Statement

Concept 2020 Q2 2020 Q1 2019 Q2
OPERATING ACTIVITIES
Net Income -$9.498M -$8.319M -$4.498M
YoY Change 111.16% 309.0% 216.76%
Depreciation, Depletion And Amortization $1.050M $1.100M $1.580M
YoY Change -33.54%
Cash From Operating Activities -$1.100M $820.0K -$1.770M
YoY Change -37.85%
INVESTING ACTIVITIES
Capital Expenditures -$5.850M -$2.920M -$1.900M
YoY Change 207.89%
Acquisitions
YoY Change
Other Investing Activities -$21.76M -$226.3M -$113.7M
YoY Change -80.86%
Cash From Investing Activities -$27.62M -$229.2M -$115.6M
YoY Change -76.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 609.3M -136.1M 123.5M
YoY Change 393.32%
NET CHANGE
Cash From Operating Activities -1.100M 820.0K -1.770M
Cash From Investing Activities -27.62M -229.2M -115.6M
Cash From Financing Activities 609.3M -136.1M 123.5M
Net Change In Cash 580.6M -364.4M 6.170M
YoY Change 9309.72%
FREE CASH FLOW
Cash From Operating Activities -$1.100M $820.0K -$1.770M
Capital Expenditures -$5.850M -$2.920M -$1.900M
Free Cash Flow $4.750M $3.740M $130.0K
YoY Change 3553.85%

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IssuanceOfStockWarrants
139000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
325000
us-gaap Net Income Loss
NetIncomeLoss
-2816000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
-100365000
us-gaap Profit Loss
ProfitLoss
-21593000
us-gaap Profit Loss
ProfitLoss
-2816000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3205000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2419000
us-gaap Share Based Compensation
ShareBasedCompensation
10436000
us-gaap Share Based Compensation
ShareBasedCompensation
2577000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
2855000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
885000
bill Revaluation Of Warrant Liabilities And Forfeiture Of Warrants
RevaluationOfWarrantLiabilitiesAndForfeitureOfWarrants
717000
bill Revaluation Of Warrant Liabilities And Forfeiture Of Warrants
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-139000
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
139000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-113000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-958000
bill Increase Decrease In Unbilled Revenue
IncreaseDecreaseInUnbilledRevenue
1356000
bill Increase Decrease In Unbilled Revenue
IncreaseDecreaseInUnbilledRevenue
1385000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10843000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4341000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1047000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
804000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1475000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3140000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
6893000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1782000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
10689000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-212000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2944000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
264000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3327000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2078000
bill Payment To Acquire Corporate And Customer Fund Short Term Investments
PaymentToAcquireCorporateAndCustomerFundShortTermInvestments
830694000
bill Proceeds From Maturities Of Corporate And Customer Fund Short Term Investments
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550814000
bill Proceeds From Sale Of Corporate And Customer Fund Short Term Investments
ProceedsFromSaleOfCorporateAndCustomerFundShortTermInvestments
25337000
bill Payment To Acquire Corporate And Customer Fund Short Term Investments
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633405000
bill Proceeds From Maturities Of Corporate And Customer Fund Short Term Investments
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596311000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
100727000
CY2019Q4 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
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CY2019Q4 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
1400000
bill Proceeds From Sale Of Corporate And Customer Fund Short Term Investments
ProceedsFromSaleOfCorporateAndCustomerFundShortTermInvestments
54715000
bill Increase Decrease In Restricted Cash And Cash Equivalents And Other Receivables Included In Funds Held For Customers
IncreaseDecreaseInRestrictedCashAndCashEquivalentsAndOtherReceivablesIncludedInFundsHeldForCustomers
-102498000
bill Increase Decrease In Restricted Cash And Cash Equivalents And Other Receivables Included In Funds Held For Customers
IncreaseDecreaseInRestrictedCashAndCashEquivalentsAndOtherReceivablesIncludedInFundsHeldForCustomers
240851000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5736000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2259000
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
489000
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1315000
bill Restricted Cash Increase Decrease In Period
RestrictedCashIncreaseDecreaseInPeriod
550000
bill Restricted Cash Increase Decrease In Period
RestrictedCashIncreaseDecreaseInPeriod
-550000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-112223000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-272851000
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
225544000
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
87875000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
24246000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
264897000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2300000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
833000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1746000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1316000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
144000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
151000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
253829000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
353255000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
138279000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
78326000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
90306000
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
22401000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
228585000
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On November 27, 2019, the Company filed an amendment to its amended and restated certificate of incorporation to effect a reverse split of shares of the Company’s issued and outstanding redeemable convertible preferred stock, common stock and non-voting common stock on a 2-for-1 basis.
CY2019Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
2
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates<span style="font-weight:normal;"> </span></p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make various estimates and assumptions that affect the amounts reported and disclosed in the condensed consolidated financial statements and the accompanying notes. Management regularly assesses these estimates, including those related to fair value of common stock prior to the Company’s IPO and stock-based compensation, fair value of redeemable convertible preferred stock warrant liabilities up until the date of the Company’s IPO, useful lives of property and equipment, the attribution method used to recognize revenue on annual contracts, reserve for sales tax obligations, reserve for losses on funds held for customers, and income taxes. The Company evaluates these estimates and assumptions and adjusts those estimates and assumptions accordingly. Actual results could differ from those estimates, and such differences may be material to the condensed consolidated financial statements.</p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Concentrations of Credit Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, short-term investments, and accounts receivable. The Company maintains its cash and cash equivalents and short-term investments with major financial institutions that may at times exceed federally insured limits. Management believes that these financial institutions are financially sound and the Company has not experienced material losses. There were no customers that exceeded 10% of the Company’s total revenue during the three and nine months ended March 31, 2020 and 2019.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:9pt;"> </p>
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
43700000
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
7500000
CY2020Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
36200000
CY2020Q1 us-gaap Contract With Customer Liability Current
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CY2019Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3500000
CY2020Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2100000
CY2019Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1800000
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1700000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4400000
CY2019Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
500000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2700000
CY2020Q1 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2020Q1 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2020Q1 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2019Q2 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2019Q2 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2020Q1 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2019Q2 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2019Q2 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
358000
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
688000
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
663000
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
166000
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717000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
155000
bill Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Reclassification To Additional Paid In Capital
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityReclassificationToAdditionalPaidInCapital
1405000
bill Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Forfeiture Of Warrants
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForfeitureOfWarrants
294000
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
524000
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
524000
CY2020Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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154281000
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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233000
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
676000
CY2020Q1 us-gaap Available For Sale Securities Debt Securities Current
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153838000
CY2019Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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71894000
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75000
CY2019Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
71969000
CY2020Q1 bill Percentage Of Debt Securities Available For Sale Maturing Within One Year
PercentageOfDebtSecuritiesAvailableForSaleMaturingWithinOneYear
0.81
CY2020Q1 bill Percentage Of Debt Securities Available For Sale Maturing After One Year Through Two Years
PercentageOfDebtSecuritiesAvailableForSaleMaturingAfterOneYearThroughTwoYears
0.19
CY2019Q2 bill Percentage Of Debt Securities Available For Sale Maturing Within One Year
PercentageOfDebtSecuritiesAvailableForSaleMaturingWithinOneYear
1
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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69566000
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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676000
CY2020Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
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0
CY2019Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
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us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0
CY2020Q1 bill Funds Held For Clients Gross
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CY2019Q2 bill Funds Held For Clients Gross
FundsHeldForClientsGross
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CY2020Q1 us-gaap Funds Held For Clients
FundsHeldForClients
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CY2019Q2 us-gaap Funds Held For Clients
FundsHeldForClients
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CY2020Q1 bill Funds Held For Customers For Sale Realized Gain Loss
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0
CY2019Q1 bill Funds Held For Customers For Sale Realized Gain Loss
FundsHeldForCustomersForSaleRealizedGainLoss
0
CY2019Q1 bill Funds Held For Customers For Sale Realized Gain Loss
FundsHeldForCustomersForSaleRealizedGainLoss
0
CY2020Q1 bill Funds Held For Customers Debt Securities Amortized Cost
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567495000
CY2020Q1 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Gain Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
783000
CY2020Q1 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Loss Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1074000
CY2020Q1 bill Funds Held For Customers Debt Securities Current
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567204000
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437979000
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441000
CY2019Q2 bill Funds Held For Customers Debt Securities Accumulated Gross Unrealized Loss Before Tax
FundsHeldForCustomersDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
13000
CY2019Q2 bill Funds Held For Customers Debt Securities Current
FundsHeldForCustomersDebtSecuritiesCurrent
438407000
CY2020Q1 bill Funds Held For Customers Debt Securities Percentage Mature Within One Year
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0.99
CY2020Q1 bill Funds Held For Customers Debt Securities Percentage Mature After One Year Through Two Years
FundsHeldForCustomersDebtSecuritiesPercentageMatureAfterOneYearThroughTwoYears
0.01
CY2019Q2 bill Funds Held For Customers Debt Securities Percentage Mature Within One Year
FundsHeldForCustomersDebtSecuritiesPercentageMatureWithinOneYear
1
CY2020Q1 bill Funds Held For Customers Debt Securities Fair Value
FundsHeldForCustomersDebtSecuritiesFairValue
269118000
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1074000
CY2019Q2 bill Funds Held For Customers Debt Securities Fair Value
FundsHeldForCustomersDebtSecuritiesFairValue
58092000
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FundsHeldForCustomersDebtSecuritiesUnrealizedLosses
13000
CY2020Q1 bill Funds Held For Customers For Sale Realized Gain Loss
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PropertyPlantAndEquipmentGross
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11465000
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12317000
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6557000
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DepreciationAndAmortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
3200000
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
800000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2400000
CY2020Q1 bill Accrued Sales And Use Tax
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494000
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454000
CY2019Q2 bill Accrued License Fees Current
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131000
CY2020Q1 bill Non Sufficient Funds Reserve
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407000
CY2019Q2 bill Non Sufficient Funds Reserve
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147000
CY2020Q1 us-gaap Other Accrued Liabilities Current
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CY2020Q1 bill Long Term Payable For Purchase Of Software Current
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393000
CY2019Q2 bill Long Term Payable For Purchase Of Software Current
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CY2020Q1 us-gaap Accrued Liabilities Current
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CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6556000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0188
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
26900000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P3Y
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5085000
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1376000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10436000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2577000
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bill Class Of Warrant Exercisable Period
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1737000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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2738740
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
15.12
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.50
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0159
bill Class Of Warrant Exercisable Period Ends
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2023-09
bill Class Of Warrant Or Right Issued Or Issuable Number
ClassOfWarrantOrRightIssuedOrIssuableNumber
0
CY2020Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1417000
CY2019Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1043000
us-gaap Investment Income Interest
InvestmentIncomeInterest
3307000
us-gaap Investment Income Interest
InvestmentIncomeInterest
2093000
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InterestExpense
23000
CY2019Q1 us-gaap Interest Expense
InterestExpense
142000
us-gaap Interest Expense
InterestExpense
198000
us-gaap Interest Expense
InterestExpense
451000
CY2019Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
166000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
717000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-128000
CY2020Q1 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
-3000
CY2019Q1 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
1000
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
-4000
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
33000
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1397000
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
734000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2396000
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2034000
bill Operating Lease Agreement Term Of Contract
OperatingLeaseAgreementTermOfContract
P11Y
bill Non Cancelable Operating Leases Beginning Month And Year
NonCancelableOperatingLeasesBeginningMonthAndYear
2019-12
bill Non Cancelable Operating Leases Expiration Month And Year
NonCancelableOperatingLeasesExpirationMonthAndYear
2031-04
CY2020Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1700000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3300000
CY2019Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
600000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1600000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
674000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1633000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6768000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6973000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
7179000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
50547000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
73774000
bill Online Bill Payment Products Expiration Month And Year
OnlineBillPaymentProductsExpirationMonthAndYear
2027-06
CY2020Q1 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
750000
CY2020Q1 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
3000000
CY2020Q1 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
2000000
CY2020Q1 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
2000000
CY2020Q1 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
2000000
CY2020Q1 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
5500000
CY2020Q1 us-gaap Other Commitment
OtherCommitment
15250000
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8319000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21593000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2816000
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
72379000
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
7946000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
34167000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
7701000
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.11
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.26
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.63
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.37
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11960000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
57889000

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