BILL Holdings cuts workforce 30%, targets 24% earnings growth with $1B buyback program

BILL Holdings, a FinOps platform for SMBs, is enhancing operational efficiency through leadership changes and a 30% workforce reduction. The company aims for 24% annual earnings growth and supports this with a $1 billion share repurchase program, representing 20% of its market cap. Strong free cash flow conversion above 20% and attractive valuations (PEG of 0.5x) further strengthen its investment appeal. Key metrics will be discussed in the upcoming earnings event on August 19.