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Press Release: Bill.com Reports Second Quarter -5-

· 02/04/2021 16:05
income taxes -- -- -- -- -- -- ------ --- ------- ---- ----- ------- ------ ----- ---- ------ ------ Net loss $(7,578) $ 3,075 $ (767) $ 1,120 $ 552 $(3,598) ====== ======= ==== ===== ====== ====== ===== ==== ====== ====== Net loss per share attributable to common stockholders, basic and diluted (1) $ (0.34) $ (0.06) ====== ====== Weighted-average number of common shares used to compute net loss per share attributable to common stockholders, basic and diluted (2) 22,306 62,771 ====== === ====== (1) GAAP net loss per share attributable to common stockholders, basic and diluted $(0.34 ) Stock-based compensation expense 0.14 Deferred costs (amortization of deferred costs) (0.03 ) Depreciation and amortization expense 0.05 Loss on revaluation of warrant liability 0.02 Impact of the assumed conversion of redeemable convertible preferred stock 0.10 ------ Non-GAAP net loss per share attributable to common stockholders, basic and diluted $ (0.06) ====== (2) Shares used to compute GAAP net loss per share attributable to common stockholders, basic and diluted 22,306 Weighted average effect of the assumed conversion of redeemable convertible preferred stock from the date of issuance 40,465 ------ Shares used to compute non-GAAP net loss per share attributable to common stockholders, basic and diluted 62,771 ====== BILL.COM HOLDINGS, INC. RECONCILIATION OF GAAP TO NON-GAAP DATA SIX 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 $100,254 $ -- $ -- $ -- $ -- $ -- $ -- $100,254 Cost of revenue 26,079 (1,243) (143) (285) (1,557) -- -- 22,851 ------- ------- --- ------- --- ------- ---- ------- --- ------ ----- ----- ---- ------- Gross profit 74,175 1,243 143 285 1,557 -- -- 77,403 Gross margin 74.0% 1.2% 0.1% 0.3% 1.6% 0.0% 0.0% 77.2% Operating expenses Research and development 38,272 (6,315) (574) 2,048 (99) -- -- 33,332 Sales and marketing 27,082 (3,375) (303) 1,186 (59) -- -- 24,531 General and administrative 36,773 (9,650) (1,038) -- (209) -- -- 25,876 ------- ------- --- ------- --- ------- ----- ------- --- ------ ----- ----- ---- ------- Loss from operations (27,952) 20,583 2,058 (2,949) 1,924 -- -- (6,336) Other (expense) income, net (2,511) -- -- -- -- 3,905 -- 1,394 ------- ------- ---- ------- ---- ------- ----- ------- ---- ------ ----- ----- ---- ------- Loss before benefit from income taxes (30,463) 20,583 2,058 (2,949) 1,924 3,905 -- (4,942) Benefit from income taxes (333) -- -- -- -- -- 333 -- ------- ------- ---- ------- ---- ------- ----- ------- ---- ------ ----- ----- ---- ------- Net loss $(30,130) $ 20,583 $ 2,058 $ (2,949) $ 1,924 $ 3,905 $ (333) $ (4,942) ======= ======= ==== ======= ==== ======= ==== ======= ==== ====== ===== ===== === ======= Net loss per share attributable to common stockholders, basic and diluted (1) $ (0.37) $ (0.06) ======= ======= Weighted-average number of common shares used to compute net loss per share attributable to common stockholders, basic and diluted 80,868 80,868 ======= ======= (1) GAAP net loss per share attributable to common stockholders, basic and diluted $ (0.37 ) Stock-based compensation expense 0.25 Employer payroll taxes related to stock-based compensation expense 0.03 Deferred costs (amortization of deferred costs) (0.04 ) Depreciation and amortization expense 0.02 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 $ (0.06) ======= BILL.COM HOLDINGS, INC.

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