BILL Holdings (BILL) Surges 11% on Potential Sale

We recently published Market Beaters: 10 Stocks Defying the Odds. BILL Holdings, Inc. (NYSE:BILL) is one of the best-performing stocks on Wednesday.

BILL Holdings soared by 11.49 percent on Wednesday to close at $51.92 apiece as investors gobbled up shares following reports that it is exploring a sale.

Bloomberg reported on the same day, citing sources privy to the matter, that BILL Holdings, Inc. (NYSE:BILL) agreed to Starboard Value LP’s recommendation for a sale, and that it is now working with a financial adviser to solicit interests from larger rivals. However, the plan is not guaranteed as it could opt to remain independent. The sale was said to be triggered by lower customer spending and cutthroat competition.

In the first quarter of fiscal year 2026, BILL Holdings, Inc. (NYSE:BILL) swung to a net loss of $2.96 million from a $8.9 million net income in the same period last year. Total revenues, however, increased by 10 percent to $395.7 million from $358.45 million year-on-year.

For the second quarter ending December 2025, the company expects net income of $62.5 million to $66.5 million; and revenues between $394.5 million and $404.5 million, or an implied growth of 9 to 12 percent.

For the full-year period, revenues are targeted to grow between 9 and 11 percent to a range of $1.596 billion to $1.626 billion, while net income is projected at $249 million to $265 million.

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Disclosure: None. This article is originally published at Insider Monkey.