Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Bill.com Holdings, Inc. reported its fiscal third quarter of 2026 results demonstrating continued revenue growth and enhanced profitability while emphasizing a significant strategic shift toward artificial intelligence (AI) integration.</li><li>Core revenue increased 16% year-over-year to $371 million, driven by robust performance across its Accounts Payable Automation and Receivables (APAR) and Spend & Expense segments.</li><li>APAR core revenue grew 12%, with customer additions exceeding expectations in certain verticals such as wealth management, though the company anticipates normalization to below 4,000 net new customers as it targets larger clients.</li></ul>

Bill.com Holdings, Inc. reported its fiscal third quarter of 2026 results demonstrating continued revenue growth and enhanced profitability while emphasizing a significant strategic shift toward artificial intelligence (AI) integration.Core revenue increased 16% year-over-year to $371 million, driven by robust performance across its Accounts Payable Automation and Receivables (APAR) and Spend & Expense segments.APAR core revenue grew 12%, with customer additions exceeding expectations in certain verticals such as wealth management, though the company anticipates normalization to below 4,000 net new customers as it targets larger clients.

Bill.com’s $1 Billion Buyback Plan Sparks Buzz Around Its AI Reset!

BILL Holdings

Bill.com’s $1 Billion Buyback Plan Sparks Buzz Around Its AI Reset!