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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Rithm Capital Corp. (RITM). Click either name above to swap in a different company.
Rithm Capital Corp. is the larger business by last-quarter revenue ($828.2M vs $414.7M, roughly 2.0× BILL Holdings, Inc.). Rithm Capital Corp. runs the higher net margin — 13.2% vs -0.6%, a 13.8% gap on every dollar of revenue. On growth, Rithm Capital Corp. posted the faster year-over-year revenue change (508.5% vs 14.4%). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs -17.9%).
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations for small businesses in the United States. A white-labeled, end-to-end payments automation platform, Bill.com Connect is offered to financial institutions as part of their single sign-on online business banking ecosystem.
Rithm Capital Corp. (Rithm) is an American investment management company headquartered in New York that focuses on real estate and alternative investments.
BILL vs RITM — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $828.2M |
| Net Profit | $-2.6M | $109.5M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | 29.9% |
| Net Margin | -0.6% | 13.2% |
| Revenue YoY | 14.4% | 508.5% |
| Net Profit YoY | -107.7% | 27.7% |
| EPS (diluted) | $-0.03 | $0.12 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $828.2M | ||
| Q4 25 | $414.7M | $1.5B | ||
| Q3 25 | $395.7M | $1.1B | ||
| Q2 25 | $383.3M | $1.2B | ||
| Q1 25 | $358.2M | $768.4M | ||
| Q4 24 | $362.6M | $2.1B | ||
| Q3 24 | $358.4M | $619.5M | ||
| Q2 24 | $343.7M | $1.2B |
| Q1 26 | — | $109.5M | ||
| Q4 25 | $-2.6M | $85.0M | ||
| Q3 25 | $-3.0M | $221.5M | ||
| Q2 25 | $-7.1M | $311.7M | ||
| Q1 25 | $-11.6M | $78.8M | ||
| Q4 24 | $33.5M | $290.2M | ||
| Q3 24 | $8.9M | $121.7M | ||
| Q2 24 | $7.6M | $235.6M |
| Q1 26 | — | — | ||
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | — | ||
| Q2 25 | 80.8% | — | ||
| Q1 25 | 81.2% | — | ||
| Q4 24 | 81.6% | — | ||
| Q3 24 | 82.0% | — | ||
| Q2 24 | 81.0% | — |
| Q1 26 | — | 29.9% | ||
| Q4 25 | -4.4% | 13.8% | ||
| Q3 25 | -5.2% | 21.4% | ||
| Q2 25 | -5.8% | 25.2% | ||
| Q1 25 | -8.1% | 7.4% | ||
| Q4 24 | -6.0% | 23.8% | ||
| Q3 24 | -2.1% | 7.3% | ||
| Q2 24 | -6.5% | 23.6% |
| Q1 26 | — | 13.2% | ||
| Q4 25 | -0.6% | 5.7% | ||
| Q3 25 | -0.7% | 20.0% | ||
| Q2 25 | -1.8% | 25.6% | ||
| Q1 25 | -3.2% | 10.3% | ||
| Q4 24 | 9.3% | 14.0% | ||
| Q3 24 | 2.5% | 19.7% | ||
| Q2 24 | 2.2% | 19.2% |
| Q1 26 | — | $0.12 | ||
| Q4 25 | $-0.03 | $0.09 | ||
| Q3 25 | $-0.03 | $0.35 | ||
| Q2 25 | $0.02 | $0.53 | ||
| Q1 25 | $-0.11 | $0.07 | ||
| Q4 24 | $-0.06 | $0.50 | ||
| Q3 24 | $0.08 | $0.20 | ||
| Q2 24 | $0.37 | $0.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | — |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $9.1B |
| Total Assets | $10.1B | $53.4B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.0B | $1.6B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $853.5M | $1.6B | ||
| Q2 24 | $985.9M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $35.4B | ||
| Q3 25 | $1.9B | $32.2B | ||
| Q2 25 | $1.7B | $31.2B | ||
| Q1 25 | $1.7B | $32.2B | ||
| Q4 24 | $1.7B | $32.6B | ||
| Q3 24 | $914.8M | $29.6B | ||
| Q2 24 | $914.0M | $30.1B |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $3.8B | $8.4B | ||
| Q3 25 | $3.9B | $8.5B | ||
| Q2 25 | $3.9B | $7.9B | ||
| Q1 25 | $3.9B | $7.8B | ||
| Q4 24 | $3.8B | $7.8B | ||
| Q3 24 | $4.0B | $7.7B | ||
| Q2 24 | $4.1B | $7.3B |
| Q1 26 | — | $53.4B | ||
| Q4 25 | $10.1B | $53.1B | ||
| Q3 25 | $10.2B | $47.2B | ||
| Q2 25 | $10.1B | $44.3B | ||
| Q1 25 | $9.6B | $45.3B | ||
| Q4 24 | $9.7B | $46.0B | ||
| Q3 24 | $9.0B | $42.3B | ||
| Q2 24 | $9.2B | $42.0B |
| Q1 26 | — | — | ||
| Q4 25 | 0.48× | 4.20× | ||
| Q3 25 | 0.48× | 3.79× | ||
| Q2 25 | 0.44× | 3.92× | ||
| Q1 25 | 0.43× | 4.14× | ||
| Q4 24 | 0.44× | 4.18× | ||
| Q3 24 | 0.23× | 3.87× | ||
| Q2 24 | 0.22× | 4.10× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $105.3M | — |
| Free Cash FlowOCF − Capex | $103.8M | — |
| FCF MarginFCF / Revenue | 25.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $105.3M | $-114.6M | ||
| Q3 25 | $96.9M | $-2.0B | ||
| Q2 25 | $83.8M | $-557.1M | ||
| Q1 25 | $99.5M | $1.4B | ||
| Q4 24 | $78.7M | $-1.8B | ||
| Q3 24 | $88.6M | $768.1M | ||
| Q2 24 | $78.6M | $-55.7M |
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | — | ||
| Q2 25 | $81.0M | — | ||
| Q1 25 | $98.4M | — | ||
| Q4 24 | $78.3M | — | ||
| Q3 24 | $88.6M | — | ||
| Q2 24 | $78.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | — | ||
| Q3 25 | 24.1% | — | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 27.5% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 22.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.35× | ||
| Q3 25 | — | -9.22× | ||
| Q2 25 | — | -1.79× | ||
| Q1 25 | — | 18.03× | ||
| Q4 24 | 2.35× | -6.04× | ||
| Q3 24 | 9.94× | 6.31× | ||
| Q2 24 | 10.35× | -0.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
