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Press Release: Bill.com Reports Second Quarter -4-

· 02/04/2021 16:05
cash, cash equivalents, restricted cash, and restricted cash equivalents 224,588 168,480 393,068 Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period 90,306 892,862 983,168 --------- --------- --------- Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period $ 314,894 $1,061,342 $1,376,236 ========= ========= ========= BILL.COM HOLDINGS, INC. RECONCILIATION OF GAAP TO NON-GAAP DATA THREE MONTHS ENDED DECEMBER 31, 2020 (Unaudited, in thousands except percentages and per share amounts) Employer payroll taxes Deferred related to costs Depreciation Amortization Income tax Stock-based stock-based (amortization and of debt associated compensation compensation of deferred amortization discount and with 2025 GAAP expense expense costs) expense issuance costs Notes Non-GAAP ------------ ----------------- ----------------- ------------------ ----------------- ----------------- --------------- ----------- Total revenue $ 54,045 $ -- $ -- $ -- $ -- $ -- $ -- $54,045 Cost of revenue 13,973 (642) (98) (154) (833) -- -- 12,246 ------- ------- --- ------ ---- ------- ---- ----- ----- ------ ----- ----- ---- ------ Gross profit 40,072 642 98 154 833 -- -- 41,799 Gross margin 74.1% 1.2% 0.2% 0.3% 1.5% 0.0% 0.0% 77.3% Operating expenses Research and development 20,486 (3,246) (303) 951 (40) -- -- 17,848 Sales and marketing 14,174 (1,871) (171) 483 (23) -- -- 12,592 General and administrative 19,583 (4,930) (533) -- (103) -- -- 14,017 ------- ------- --- ------ ---- ------- ----- ----- ----- ------ ----- ----- ---- ------ Loss from operations (14,171) 10,689 1,105 (1,280) 999 -- -- (2,658) Other (expense) income, net (3,341) -- -- -- -- 3,905 -- 564 ------- ------- ---- ------ ----- ------- ----- ----- ------ ------ ----- ----- ---- ------ Loss before benefit from income taxes (17,512) 10,689 1,105 (1,280) 999 3,905 -- (2,094) Benefit from income taxes (333) -- -- -- -- -- 333 -- ------- ------- ---- ------ ----- ------- ----- ----- ------ ------ ----- ----- ---- ------ Net loss $(17,179) $ 10,689 $ 1,105 $ (1,280) $ 999 $ 3,905 $ (333) $(2,094) ======= ======= ==== ====== ===== ======= ==== ===== ====== ====== ===== ===== === ====== Net loss per share attributable to common stockholders, basic and diluted (1) $ (0.21) $ (0.03) ======= ====== Weighted-average number of common shares used to compute net loss per share attributable to common stockholders, basic and diluted 81,519 81,519 ======= ====== (1) GAAP net loss per share attributable to common stockholders, basic and diluted $(0.21 ) Stock-based compensation expense 0.13 Employer payroll taxes related to stock-based compensation expense 0.01 Deferred costs (amortization of deferred costs) (0.02 ) Depreciation and amortization expense 0.01 Amortization of debt discount and issuance costs 0.05 Income tax associated with 2025 Notes -- ------ Non-GAAP net loss per share attributable to common stockholders, basic and diluted $ (0.03) ====== BILL.COM HOLDINGS, INC. RECONCILIATION OF GAAP TO NON-GAAP DATA THREE MONTHS ENDED DECEMBER 31, 2019 (Unaudited, in thousands except percentages and per share amounts) Deferred costs Depreciation Loss on Stock-based (amortization and revaluation of compensation of deferred amortization warrant GAAP expense costs) expense liability Non-GAAP ------------ ----------------- ------------------ ----------------- ---------------- ----------- Total revenue $39,080 $ -- $ -- $ -- $ -- $39,080 Cost of revenue 9,787 (211) (185) (797) -- 8,594 ------ --- ------- --- ----- ------ ------ ---- ---- ------ ------ Gross profit 29,293 211 185 797 -- 30,486 Gross margin 75.0% 0.5% 0.5% 2.0% 0.0% 78.0% Operating expenses Research and development 12,992 (1,084) 186 (112) -- 11,982 Sales and marketing 11,491 (494) 766 (84) -- 11,679 General and administrative 12,748 (1,286) -- (127) -- 11,335 ------ --- ------- --- ----- ------- ------ ---- ---- ------ ------ Loss from operations (7,938) 3,075 (767) 1,120 -- (4,510) Other income, net 360 -- -- -- 552 912 ------ --- ------- ---- ----- ------- ------ ----- ---- ------ ------ Loss before provision for income taxes (7,578) 3,075 (767) 1,120 552 (3,598) Provision for

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February 04, 2021 16:05 ET (21:05 GMT)