BillionToOne, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:29:15Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Free Cash Flow | 13.94M | -49.15M | -61.94M |
| EBITDA | 22.92M | -40.15M | -63.59M |
| Working Capital | 512.60M | 199.43M | — |
| Net Debt | -387.08M | -82.10M | — |
| Gross Margin | 68.32% | 53.03% | 24.13% |
| Operating Margin | 5.25% | -30.90% | -96.89% |
| Net Margin | 2.44% | -27.24% | -115.27% |
| Return on Equity (ROE) | 1.55% | 16.52% | 37.75% |
| Return on Assets (ROA) | 1.18% | -13.76% | — |
| Current Ratio | 11.69× | 8.03× | — |
| Debt-to-Equity | 0.23× | -0.43× | — |
| Effective Tax Rate | 3.93% | -0.07% | -0.01% |
| Cash Conversion Ratio | 3.30× | 1.00× | 0.65× |
| Accruals Ratio | -0.03× | -0.00× | — |
| SBC % of Revenue | 5.22% | 5.48% | 6.77% |
| CapEx Coverage | 2.31× | -5.32× | -6.49× |
| Free Cash Flow Per Share | $0.66 | $-4.88 | $-6.33 |
Valuation Metrics
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| P/E Trailing (Diluted) | 584.57× | — | — |
| P/FCF | 124.66× | — | — |
| FCF Yield | 0.80% | — | — |
| EV / EBITDA | 58.91× | — | — |
| P/S | 5.69× | — | — |
| P/B | 3.62× | — | — |
Income Statement
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 305.11M | 152.58M | 71.73M |
| Cost of Goods and Services Sold | 96.65M | 71.67M | 54.42M |
| Gross Profit | 208.46M | 80.92M | 17.31M |
| Research and Development Expense | 49.38M | 36.60M | 22.41M |
| Selling, General and Administrative Expense | 143.05M | 91.47M | 64.39M |
| Operating Expenses | 192.44M | 128.06M | 86.80M |
| Operating Income (Loss) | 16.02M | -47.15M | -69.50M |
| Income Tax Expense (Benefit) | 305.00K | 29.00K | 9.00K |
| Net Income (Loss) Attributable to Parent | 7.45M | -41.57M | -82.68M |
| Earnings Per Share, Basic | $0.18 | $-4.12 | $-8.45 |
| Weighted Average Number of Shares Outstanding, Basic | 15.88M | 10.08M | 9.78M |
| Earnings Per Share, Diluted | $0.14 | $-4.12 | $-8.45 |
| Weighted Average Number of Shares Outstanding, Diluted | 21.23M | 10.08M | 9.78M |
Balance Sheet
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 495.98M | 191.48M | — |
| Assets, Current | 560.56M | 227.82M | — |
| Assets | 632.65M | 302.06M | — |
| Long-term Debt | 57.23M | 51.48M | — |
| Liabilities, Current | 47.96M | 28.39M | — |
| Long-term Debt, Excluding Current Maturities | 57.23M | 51.48M | — |
| Liabilities | 152.55M | 134.31M | — |
| Stockholders' Equity Attributable to Parent | 480.11M | -251.66M | -219.05M |
| Common Stock, Shares, Outstanding | — | 10.93M | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 24.59M | -41.38M | -53.67M |
| Payments to Acquire Property, Plant, and Equipment | 8.88M | 5.40M | 6.17M |
| Net Cash Provided by (Used in) Investing Activities | -8.92M | -5.43M | 82.84M |
| Payments for Repurchase of Common Stock | 0 | 546.00K | 0 |
| Net Cash Provided by (Used in) Financing Activities | 288.82M | 141.02M | 13.40M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 10.76M | 8.93M | 5.01M | -243.00K | -11.09M | -38.06M |
| EBITDA | 19.57M | 12.01M | — | -522.00K | -9.89M | — |
| Working Capital | 566.98M | 512.60M | 210.93M | — | 199.43M | — |
| Net Debt | -393.26M | -387.08M | -87.01M | — | -82.10M | — |
| Gross Margin | 72.97% | 71.42% | 69.94% | 64.40% | 57.06% | 52.62% |
| Operating Margin | 16.45% | 10.76% | 11.53% | -3.93% | -25.94% | -32.88% |
| Net Margin | 16.58% | 6.22% | 6.84% | -6.76% | -25.46% | -38.79% |
| Return on Equity (ROE) | 3.55% | 1.24% | -2.38% | 1.58% | 4.56% | 6.14% |
| Return on Assets (ROA) | 2.56% | 0.94% | 1.74% | — | -3.80% | — |
| Current Ratio | 10.92× | 11.69× | 6.17× | — | 8.03× | — |
| Debt-to-Equity | 0.29× | 0.23× | -0.45× | — | -0.43× | — |
| Effective Tax Rate | 2.91% | 5.08% | -2.31% | -2.57% | -0.21% | 0.00% |
| Cash Conversion Ratio | 0.86× | 1.81× | 2.42× | -0.66× | 0.73× | 2.21× |
| Accruals Ratio | 0.00× | -0.01× | -0.02× | — | -0.01× | — |
| SBC % of Revenue | 6.01% | 6.59% | 11.47% | 4.03% | 5.12% | 15.76% |
| CapEx Coverage | 3.30× | 5.79× | 1.57× | 0.92× | -3.16× | -6.44× |
| Free Cash Flow Per Share | $0.20 | $0.42 | $0.32 | $-0.02 | $-1.10 | $-3.77 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 493.38× | — | — | — | — | — |
| P/S | 12.07× | 6.13× | — | — | — | — |
| P/B | 8.28× | 3.62× | — | — | — | — |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 108.39M | 96.05M | 83.52M | 58.96M | 45.08M | 38.42M |
| Cost of Goods and Services Sold | 29.29M | 27.45M | 25.11M | 20.99M | 19.36M | 18.20M |
| Gross Profit | 79.10M | 68.60M | 58.42M | 37.97M | 25.72M | 20.21M |
| Research and Development Expense | 14.69M | 14.25M | 12.95M | 10.43M | 11.00M | 9.55M |
| Selling, General and Administrative Expense | 46.57M | 44.02M | 35.83M | 29.86M | 26.41M | 23.30M |
| Operating Expenses | 61.26M | 58.27M | 48.78M | 40.29M | 37.41M | 32.85M |
| Operating Income (Loss) | 17.83M | 10.33M | 9.63M | -2.31M | -11.69M | -12.63M |
| Income Tax Expense (Benefit) | 539.00K | 320.00K | -129.00K | 100.00K | 24.00K | 0 |
| Net Income (Loss) Attributable to Parent | 17.97M | 5.98M | 5.71M | -3.99M | -11.48M | -14.90M |
| Earnings Per Share, Basic | $0.39 | $0.14 | $0.14 | $-0.39 | $-1.13 | $-1.47 |
| Weighted Average Number of Shares Outstanding, Basic | 45.93M | 15.88M | 10.43M | 10.31M | 10.08M | 10.11M |
| Earnings Per Share, Diluted | $0.34 | $0.11 | $0.10 | $-0.39 | $-1.13 | $-1.47 |
| Weighted Average Number of Shares Outstanding, Diluted | 53.03M | 21.23M | 15.57M | 10.31M | 10.08M | 10.11M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 537.45M | 495.98M | 195.15M | — | 191.48M | — |
| Assets, Current | 624.14M | 560.56M | 251.72M | — | 227.82M | — |
| Assets | 700.73M | 632.65M | 327.52M | — | 302.06M | — |
| Long-term Debt | 90.00M | 57.23M | 54.99M | — | 51.48M | — |
| Liabilities, Current | 57.16M | 47.96M | 40.78M | — | 28.39M | — |
| Long-term Debt, Excluding Current Maturities | — | 57.23M | — | — | 51.48M | — |
| Liabilities | 195.11M | 152.55M | 147.63M | — | 134.31M | — |
| Stockholders' Equity Attributable to Parent | 505.62M | 480.11M | -239.51M | -252.91M | -251.66M | -242.85M |
| Common Stock, Shares, Outstanding | — | — | 11.18M | — | 10.93M | — |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 15.43M | 10.79M | 13.80M | 2.63M | -8.42M | -32.95M |
| Payments to Acquire Property, Plant, and Equipment | 4.47M | 1.54M | 7.34M | 2.35M | 2.07M | 3.33M |
| Net Cash Provided by (Used in) Investing Activities | -4.47M | -1.58M | -7.34M | -2.35M | -2.10M | -3.33M |
| Payments for Repurchase of Common Stock | — | 0 | 0 | — | 0 | 546.00K |
| Net Cash Provided by (Used in) Financing Activities | 30.52M | 291.61M | -2.78M | -156.00K | -288.00K | 141.31M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (BLLN CIK 0002070849),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.