Bill.com this week filed the proforma results which show a loss of $122.3 million for the most recently ended period, compared to a historical loss for Bill.com of $56.9 million for the period. Pro forma revenue was $205.5 million compared with historical Bill.com revenue of $154. 7 million. Bill.com will report fiscal 2021 results next year. Divvy had a loss of $4.6 million for 2020, 90.7-percent wider than $2.4 million in red ink for 2019. Revenue for the most recently ended year was slightly more than $50 million, more than twice the $21.8 million the prior year.
DIVVY BOOSTS BILL.COM PROFORMA Featured
The addition of Divvy’s results to those of its purchaser Bill.com raised Billcom’s net loss for the nine months ended March 31 by three times and raised its revenue by 24.7 percent. The deal was completed on June 1 for $2.5 billion.
