Bill.com Q4'22 and Full year report

All the growth metrics look great and the increase in float will be a tailwind with higher interest rates (their yield was still only 0.68% this quarter and this flows straight to the bottom line).

But, I worry about net loss being significantly higher for the full-year and Q4 (especially when revenue growth is so impressive). Non-Gaap is much lower, need to check if the difference is primarily stock based compensation.

Q4

Revenue: 78M->200M yoy (+122M)

Net loss: 41M->81 yoy (40M higher)

FY22

Revenue: 238->642M (+404M)

Net loss: 144M->326M yoy (182M higher)

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