Overview
- BILL Holdings rose 11.49% on Wednesday to close at $51.92 after reports that it is exploring a sale.
- Bloomberg, citing unnamed sources, says the company agreed to activist Starboard Value’s recommendation to consider a sale.
- The company is said to be working with a financial adviser to solicit interest from larger rivals and private equity firms, and it may still remain independent.
- In Q1 fiscal 2026, BILL posted a $2.96 million net loss versus $8.9 million in profit a year earlier as revenue increased 10% to $395.7 million.
- Guidance calls for Q2 revenue of $394.5 million to $404.5 million and net income of $62.5 million to $66.5 million, with full-year revenue of $1.596 billion to $1.626 billion and net income of $249 million to $265 million.