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BLLNBillionToOne, Inc.
$104.67$4.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
BLLN logo

BillionToOne, Inc.

BLLN
NASDAQ
$104.67
At close - Oct 21, 4:00 PM EDT - USD
Market Cap$4.81B
P/E1643.2x
52W High$150.44
Volume358.31K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Rapid Growth Offsets Thin Margins and Dilution

BillionToOne is executing a high-growth strategy, with TTM revenue up 100% YoY and Q2 2026 revenue of $109.4M (+64.4% YoY), while gross margin expanded to 70.5%. The company achieved operating profitability in recent quarters, though Q2 2026 operating margin d...

GrowthAccelerating
ProfitabilityModerate
ValuationExpensive
TechnicalsHealthy
Explore valuation models
MARKET ACTION

BLLN price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

2/5 Beats

EPS beat 2 of last 5 quarters

02

Valuation risk

+3935% Peers

P/E is 3935% above peer median

03

Market leadership

RS 77 · Avg

Average momentum (RS Rating: 77)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystConfirmed earnings · Nov 4

Market performance

Price History →

Trailing total returns as of 10/22/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
BLLN+17.22%
S&P 500 (^GSPC)+13.16%
1-Year Return
BLLN-3.92%
S&P 500 (^GSPC)+15.16%
3-Year Return
BLLN-3.92%
S&P 500 (^GSPC)+85.53%
5-Year Return
BLLN-3.92%
S&P 500 (^GSPC)+72.15%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
1643.2x
Forward P/EExpansion
134.9x
EV/EBITDA100th %ile
158.5x
FCF YieldCash Flow
0.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
1643.2x
N/A
N/A
EV/EBITDA
158.5x
120.4x
100th· High
Price/FCF
306.4x
238.6x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$305M+100.0% YoY
Net income
$7M+117.9% YoY
Free cash flow
$16M+133.6% YoY
Operating margin
5.3%+36.2 pts YoY
ROIC (TTM)13.5%
Avg ROIC 5Y-
ROE (TTM)2.3%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate2/5 (40%)
Revenue Beat Rate4/5 (80%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$0.15-18.2%
vs $0.18
$109M+0.2%
vs $109M
Q2 2026
May 6, 2026
$0.34+3300.0%
vs $0.01
$108M+11.6%
vs $97M
Q2 2026
Mar 4, 2026
$0.11+57.1%
vs $0.07
$96M+10.2%
vs $87M
Q4 2025
Dec 9, 2025
$0.10-28.3%
vs $0.14
$84M+0.7%
vs $83M
Historical baseline: 5 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·Oct 14, 2026
BillionToOne to Report Third Quarter 2026 Financial Results on November 4, 2026

MENLO PARK, Calif., Oct. 14, 2026 (GLOBE NEWSWIRE) -- BillionToOne, Inc. (NASDAQ: BLLN), a next-generation molecular diagnostics company with a mission to create powerful and accurate tests that are accessible to all, today announced that the Company plans to release its financial results for the third quarter ended September 30, 2026 after the market close on Wednesday, November 4, 2026. BillionToOne will host a conference call to discuss its financial results at 1:30pm Pacific Time / 4:30pm Eastern Time the same day.

Seeking Alpha·Oct 13, 2026
BillionToOne: A Molecular Diagnostics Stock With Strong Quality And GARP Credentials

BillionToOne a molecular diagnostic company from California, has experienced quite a topsy-turvey journey since its debut in November last year. BLLN is set to hold on to a consistently high GMS of 70%, which reflects the capabilities of its unique QCT technology that underpins its oncology and prenatal diagnostics product suite. BLLN trades at a slight EV/sales discount to peers but offers best-in-class forward topline growth of 38% p.a., far outpacing the industry average of 22%.

GlobeNewsWire·Oct 7, 2026
BillionToOne's Tissue-Free Northstar Response® Demonstrates On-Par to Superior Cancer Treatment Monitoring vs. Tumor-Informed Assay, New Peer-Reviewed Study Finds

Head-to-head comparison shows 94% concordance with tumor-informed ctDNA testing, with the clinical ground-truth in all discordant cases supporting Northstar Response Head-to-head comparison shows 94% concordance with tumor-informed ctDNA testing, with the clinical ground-truth in all discordant cases supporting Northstar Response

Defense World·Oct 2, 2026
Billiontoone (NASDAQ:BLLN) Shares Down 4.6% After Insider Selling

Shares of Billiontoone, Inc. (NASDAQ: BLLN - Get Free Report) were down 4.6% on Wednesday after an insider sold shares in the company. The stock traded as low as $112.75 and last traded at $112.72. 74,648 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 548,232 shares. The stock

Filtered for BillionToOne, Inc.More Headlines
04

Compare before deciding

Benchmark BLLN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for BillionToOne, Inc. (BLLN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BLLN logoBLLNBillionToOne, Inc.Current
$104.67$4.81B1643.1799.97%2.44%2.3%—
NTRA logoNTRANatera, Inc.
$413.38$59.2B-271.9635.9%-7.11%-11.73%—
ILMN logoILMNIllumina, Inc.
$282.86$42.8B51.90-0.78%18.36%31.08%—
PGNY logoPGNYProgyny, Inc.
$28.44$2.23B43.7510.4%6%15.98%—
CDNA logoCDNACareDx, Inc
$70.74$3.65B-176.8513.79%24.23%32.81%—
EXAS logoEXASExact Sciences Corporation
$104.91$20.02B-95.3717.69%-6.4%-8.66%—

Compare BLLN vs Peers

BillionToOne, Inc. (BLLN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NTRA

Most directly comparable listed peer for BLLN.

Scale Benchmark

vs TMO

Larger-name benchmark to compare BLLN against a more recognizable public peer.

Peer Set

Compare Top 5

vs NTRA, ILMN, PGNY, CDNA

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BLLN Frequently Asked Questions

BillionToOne, Inc. (BLLN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is BillionToOne, Inc.'s revenue?

BillionToOne, Inc. (BLLN) reported $397.4M in revenue for fiscal year 2025. This represents a 454% increase from $71.7M in 2023.

How fast is BillionToOne, Inc. growing?

BillionToOne, Inc. (BLLN) grew revenue by 100.0% over the past year. This is strong growth.

Is BLLN profitable?

Yes, BillionToOne, Inc. (BLLN) is profitable, generating $33.5M in net income for fiscal year 2025 (2.4% net margin).

Dividend & Returns
What is BLLN's return on equity?

BillionToOne, Inc. (BLLN) has a return on equity (ROE) of 2.3%. This is below average, suggesting room for improvement.

What is BillionToOne, Inc.'s free cash flow?

BillionToOne, Inc. (BLLN) generated $33.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in BLLN back in 2023?

Total return calculator · dividends reinvested · 3+ years of data

See returns →