BillionToOne, Inc.(BLLN)Earnings, Financials & Key Ratios
BLLN•NASDAQ
1564.4× P/E·Price updated Jun 11, 2026
- Revenue$305M+100.0%
- EBITDA$16M+145.2%
- Net Income$7M+117.9%
- EPS (Diluted)0.06+106.8%
- Gross Margin68.32%+28.8%
- EBITDA Margin5.25%+122.6%
- Operating Margin5.25%+117.0%
- Net Margin2.44%+109.0%
- ROE2.3%+105.5%
- ROIC13.45%+131.4%
- Debt/Equity0.23-65.2%
- Interest Coverage168.66+1127.8%
BLLN Key Insights
BillionToOne, Inc. (BLLN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when BLLN posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
BLLN Price & Volume
BillionToOne, Inc. (BLLN) stock price & volume — 10-year historical chart
Loading chart...
BLLN Growth Metrics
BillionToOne, Inc. (BLLN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-25.19%
5 Years-25.19%
3 Years-25.19%
Last Year3.73%
BLLN Recent Earnings
BillionToOne, Inc. (BLLN) EPS & revenue vs analyst estimates — last 3 quarters
●Beat EPS 2/3 qtrs (67%)●Beat Revenue 3/3 qtrs (100%)
Q2 2026Latest
May 6, 2026EPS
$0.34
Est $0.03
+981.8%
Revenue
$108M
Est $97M
+11.6%
Q2 2026
Mar 4, 2026EPS
$0.11
Est $0.07
+57.1%
Revenue
$96M
Est $87M
+10.2%
Q4 2025
Dec 9, 2025EPS
$0.10
Est $0.14
-28.3%
Revenue
$84M
Est $83M
+0.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.34vs $0.03+981.8% | $108Mvs $97M+11.6% |
| Q2 2026 | Mar 4, 2026 | $0.11vs $0.07+57.1% | $96Mvs $87M+10.2% |
| Q4 2025 | Dec 9, 2025 | $0.10vs $0.14-28.3% | $84Mvs $83M+0.8% |
Based on last 3 quarters of dataView full earnings history →
BLLN Peer Comparison
BillionToOne, Inc. (BLLN) competitors in industry — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NTRA | 31.4B | 219.23 | -144.23 | 35.9% | -9.05% | -15.13% | 0.13 | |
 ILMN | 25.25B | 166.21 | 30.50 | -0.78% | 19.43% | 32.84% | 0.94 | |
 PGNY | 2.01B | 25.65 | 39.46 | 10.4% | 5.23% | 13.34% | 0.05 | |
 CDNA | 1.22B | 23.66 | -59.15 | 13.79% | -1.98% | -2.61% | 0.06 | |
 EXAS | 20.02B | 104.91 | -95.37 | 17.69% | -6.4% | -8.66% | 1.05 | |
 PACB | 419.31M | 1.35 | -0.74 | 3.89% | -80.34% | -488.45% | 141.98 | |
 PRME | 509.34M | 2.82 | -2.09 | 55.28% | -49.18% | -188.82% | 0.96 | |
 TMO | 176.77B | 475.66 | 26.81 | 3.91% | 15.18% | 13.23% | 0.76 |
Compare BLLN vs Peers
BillionToOne, Inc. (BLLN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BLLN Income Statement
BillionToOne, Inc. (BLLN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|
Sales/Revenue | 71.73M | 152.58M | 305.11M | 354.54M |
Revenue Growth % | - | 112.72% | 99.97% | - |
Cost of Goods Sold | 54.42M | 71.67M | 96.65M | 104.95M |
COGS % of Revenue | 75.87% | 46.97% | 31.68% | - |
Gross Profit | 17.31M▲ 0% | 80.92M▲ 367.5% | 208.46M▲ 157.6% | 249.58M▲ 0% |
Gross Margin % | 24.13% | 53.03% | 68.32% | 70.4% |
Gross Profit Growth % | - | 367.5% | 157.63% | - |
Operating Expenses | 86.8M | 128.06M | 192.44M | 213.41M |
OpEx % of Revenue | 121.02% | 83.93% | 63.07% | - |
Selling, General & Admin | 64.39M | 91.47M | 143.05M | 159.76M |
SG&A % of Revenue | 89.77% | 59.94% | 46.88% | - |
Research & Development | 22.41M | 36.6M | 49.38M | 53.65M |
R&D % of Revenue | 31.25% | 23.98% | 16.19% | - |
Other Operating Expenses | 0 | 0 | 0 | 0 |
Operating Income | -69.5M▲ 0% | -47.15M▲ 32.2% | 16.02M▲ 134.0% | 36.17M▲ 0% |
Operating Margin % | -96.89% | -30.9% | 5.25% | 10.2% |
Operating Income Growth % | - | 32.16% | 133.99% | - |
EBITDA | -63.03M | -35.46M | 16.02M | 43.86M |
EBITDA Margin % | -87.88% | -23.24% | 5.25% | 12.37% |
EBITDA Growth % | - | 43.75% | 145.19% | - |
D&A (Non-Cash Add-back) | 6.46M | 11.69M | 0 | 7.69M |
EBIT | -79.4M | -39.16M | 16.02M | 33.57M |
Net Interest Income | 184K | 3.43M | 7.66M | 10.82M |
Interest Income | 3.46M | 5.82M | 7.75M | 10.89M |
Interest Expense | 3.27M | 2.39M | 95K | 65K |
Other Income/Expense | -13.18M | 5.61M | -8.26M | -6.02M |
Pretax Income | -82.67M▲ 0% | -41.54M▲ 49.8% | 7.76M▲ 118.7% | 30.16M▲ 0% |
Pretax Margin % | -115.26% | -27.23% | 2.54% | 8.51% |
Income Tax | 9K | 29K | 305K | 744K |
Effective Tax Rate % | -0.01% | -0.07% | 3.93% | 2.47% |
Net Income | -82.68M▲ 0% | -41.57M▲ 49.7% | 7.45M▲ 117.9% | 25.21M▲ 0% |
Net Margin % | -115.27% | -27.24% | 2.44% | 7.11% |
Net Income Growth % | - | 49.72% | 117.93% | - |
Net Income (Continuing) | -82.68M | -41.57M | 7.45M | 29.41M |
Discontinued Operations | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 |
EPS (Diluted) | -1.85▲ 0% | -0.93▲ 49.7% | 0.06▲ 106.8% | 0.48▲ 0% |
EPS Growth % | - | 49.73% | 106.85% | - |
EPS (Basic) | -1.85 | -0.93 | 0.06 | - |
Diluted Shares Outstanding | 44.72M | 44.72M | 45.8M | 53.03M |
Basic Shares Outstanding | 44.72M | 44.72M | 45.8M | 45.93M |
Dividend Payout Ratio | - | - | - | - |
BLLN Balance Sheet
BillionToOne, Inc. (BLLN) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|
Total Current Assets | 115.5M | 227.82M | 560.56M | 624.14M |
Cash & Short-Term Investments | 97.27M | 191.48M | 495.98M | 537.45M |
Cash Only | 97.27M | 191.48M | 495.98M | 537.45M |
Short-Term Investments | 0 | 0 | 0 | 0 |
Accounts Receivable | 9.09M | 24.71M | 41.62M | 61.3M |
Days Sales Outstanding | 46.26 | 59.11 | 49.79 | 43.24 |
Inventory | 7.2M | 8.73M | 17.55M | 19.22M |
Days Inventory Outstanding | 48.28 | 44.48 | 66.26 | 59.02 |
Other Current Assets | 1.94M | 2.9M | 5.42M | 6.17M |
Total Non-Current Assets | 76.18M | 74.24M | 72.1M | 76.59M |
Property, Plant & Equipment | 73.87M | 68.85M | 67.1M | 71.67M |
Fixed Asset Turnover | 0.97x | 2.22x | 4.55x | 5.18x |
Goodwill | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 |
Long-Term Investments | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 2.31M | 5.39M | 4.99M | 4.92M |
Total Assets | 191.68M▲ 0% | 302.06M▲ 57.6% | 632.65M▲ 109.4% | 700.73M▲ 0% |
Asset Turnover | 0.37x | 0.51x | 0.48x | 0.72x |
Asset Growth % | - | 57.59% | 109.45% | 233.58% |
Total Current Liabilities | 66.8M | 28.39M | 47.96M | 57.16M |
Accounts Payable | 3.21M | 4.3M | 7.18M | 8.7M |
Days Payables Outstanding | 21.54 | 21.92 | 27.13 | 27.51 |
Short-Term Debt | 53.74M | 6.22M | 5.6M | 6.24M |
Deferred Revenue (Current) | 3.02M | 2.81M | 2.19M | 9.88M |
Other Current Liabilities | 4.26M | 6.64M | 20.44M | 17.56M |
Current Ratio | 1.73x | 8.03x | 11.69x | 10.92x |
Quick Ratio | 1.62x | 7.72x | 11.32x | 10.58x |
Cash Conversion Cycle | 73 | 81.66 | 88.91 | 74.75 |
Total Non-Current Liabilities | 94.4M | 105.92M | 104.59M | 137.94M |
Long-Term Debt | 35M | 51.48M | 57.23M | 90M |
Capital Lease Obligations | 57.6M | 51.68M | 46.07M | 190.33M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 1.8M | 2.76M | 0 | 0 |
Total Liabilities | 161.2M | 134.31M | 152.55M | 195.11M |
Total Debt | 146.35M | 109.38M | 108.89M | 144.19M |
Net Debt | 49.08M | -82.1M | -387.08M | -393.26M |
Debt / Equity | 4.80x | 0.65x | 0.23x | 0.29x |
Debt / EBITDA | - | - | 6.80x | 3.29x |
Net Debt / EBITDA | - | - | -24.16x | -8.97x |
Interest Coverage | -24.27x | -16.41x | 168.66x | 516.43x |
Total Equity | 30.47M▲ 0% | 167.75M▲ 450.5% | 480.11M▲ 186.2% | 505.62M▲ 0% |
Equity Growth % | - | 450.48% | 186.2% | 384.66% |
Book Value per Share | 0.68 | 3.75 | 10.48 | 9.53 |
Total Shareholders' Equity | 30.47M | 167.75M | 480.11M | 505.62M |
Common Stock | 0 | 0 | 0 | 0 |
Retained Earnings | -240.63M | -282.2M | -274.75M | -256.78M |
Treasury Stock | 0 | 0 | 0 | 0 |
Accumulated OCI | 0 | 0 | 0 | -1.79M |
Minority Interest | 0 | 0 | 0 | 0 |
BLLN Cash Flow Statement
BillionToOne, Inc. (BLLN) cash flow — operating, investing & free cash flow history
| Metric | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|
Cash from Operations | -53.67M | -41.38M | 24.59M | 36.22M |
Operating CF Margin % | -74.83% | -27.12% | 8.06% | - |
Operating CF Growth % | - | 22.91% | 159.44% | 228.13% |
Net Income | -82.68M | -41.57M | 2.92M | 25.21M |
Depreciation & Amortization | 6.46M | 11.69M | 11.91M | 10.65M |
Stock-Based Compensation | 0 | 0 | 0 | 4.47M |
Deferred Taxes | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 18.75M | 5.27M | 31.82M | 28.09M |
Working Capital Changes | 3.79M | -16.77M | -22.05M | -32.96M |
Change in Receivables | -2.59M | -15.62M | -16.91M | -30.87M |
Change in Inventory | -1.41M | -1.53M | -8.81M | -5.48M |
Change in Payables | 151K | 877K | 1.77M | 149K |
Cash from Investing | 82.84M | -5.43M | -8.92M | -8.17M |
Capital Expenditures | -6.17M | -5.4M | -8.92M | -8.17M |
CapEx % of Revenue | 8.61% | 3.54% | 2.92% | 2.3% |
Acquisitions | 0 | 0 | 0 | 0 |
Investments | - | - | - | - |
Other Investing | -988K | -31K | 0 | 0 |
Cash from Financing | 13.4M | 141.02M | 288.82M | 320.45M |
Debt Issued (Net) | 12.96M | 10.48M | -1.73M | 29.09M |
Equity Issued (Net) | 444K | 130.53M | 290.55M | 291.36M |
Dividends Paid | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | -546K | 0 | 0 |
Other Financing | 0 | 0 | 0 | 0 |
Net Change in Cash | 97.27M▲ 0% | 94.21M▼ 3.1% | 304.5M▲ 223.2% | 537.45M▲ 0% |
Free Cash Flow | -59.85M▲ 0% | -46.78M▲ 21.8% | 15.71M▲ 133.6% | 28.09M▲ 0% |
FCF Margin % | -83.43% | -30.66% | 5.15% | 7.92% |
FCF Growth % | - | 21.84% | 133.59% | - |
FCF per Share | -1.34 | -1.05 | 0.34 | 0.53 |
FCF Conversion (FCF/Net Income) | 0.65x | 1.00x | 3.30x | 1.11x |
Interest Paid | 0 | 0 | 0 | 1.29M |
Taxes Paid | 0 | 0 | 0 | 16K |
BLLN Key Ratios
BillionToOne, Inc. (BLLN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2024 | 2025 | TTM |
|---|---|---|---|
| Return on Equity (ROE) | -41.94% | 2.3% | 7.55% |
| Return on Invested Capital (ROIC) | -42.81% | 13.45% | 28.17% |
| Gross Margin | 53.03% | 68.32% | 70.4% |
| Net Margin | -27.24% | 2.44% | 7.11% |
| Debt / Equity | 0.65x | 0.23x | 0.29x |
| Interest Coverage | -16.41x | 168.66x | 516.43x |
| FCF Conversion | 1.00x | 3.30x | 1.11x |
| Revenue Growth | 112.72% | 99.97% | - |
Related:BLLN Dividend History·BLLN Revenue History·BLLN Price History·BLLN P/E History·BLLN Financial Ratios·BLLN Institutional Holders
BLLN Frequently Asked Questions
BillionToOne, Inc. (BLLN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
BillionToOne, Inc. (BLLN) reported $354.5M in revenue for fiscal year 2025. This represents a 394% increase from $71.7M in 2023.
BillionToOne, Inc. (BLLN) grew revenue by 100.0% over the past year. This is strong growth.
Yes, BillionToOne, Inc. (BLLN) is profitable, generating $25.2M in net income for fiscal year 2025 (2.4% net margin).
Dividend & Returns
BillionToOne, Inc. (BLLN) has a return on equity (ROE) of 2.3%. This is below average, suggesting room for improvement.
BillionToOne, Inc. (BLLN) generated $28.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.