Bill.com Holdings Inc (BILL) released its third quarter results on Sunday, May 9, 2021. The company reported net earnings of $-0.32 per share for the third quarter ending March 31, 2021. Earnings for this past quarter declined 182 percent compared to the same period a year ago.
Bill.com Holdings, Inc. was founded in 2006 and is headquartered in Palo Alto, California. Bill.com Holdings, Inc. provides cloud-based software that digitizes and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial-intelligence (AI)-enabled financial software platform.
Bill.com Holdings' revenue increased 37 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 77.46% for the third quarter compared to the same period in the previous year, and operating margins decreased to 25.61% over the same period. Net earnings for past trailing twelve months were $-66.36 million, down 154% from the prior year.
Moving on to the balance sheet, Bill.com Holdings' cash levels jumped 435% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 47.36% this past year. The current ratio for Bill.com Holdings now stands at 1.88. The company increased shares outstanding by 13.63%.
Shares of BILL are currently trading around $154.23. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of nan and price to book ratio of 14.64.