BillionToOne, Inc. (NASDAQ:BLLN)
Insiders filed in the last 90 days, but none of those trades qualified for scoring — round-trip buys and filings whose price is far off the market are excluded.
Profitable, but on a thin margin.
- Revenue
- $397.4M
- Net income
- $33.5M
- Net margin
- 8.4%
Little or no net debt.
- Total debt
- $143.9M
- Cash
- $548.6M
- Net debt / EBITDA
- -8.05x
Comfortably covers what is due within a year.
- Current assets
- $651.4M
- Current liabilities
- $55.7M
- Current ratio
- 11.69
The business funds itself from operations.
- Operating cash flow
- $45.4M
- Free cash flow
- $33.2M
- FCF margin
- 8.3%
Not funding itself by issuing shares.
- Shares outstanding
- 46.4M
- Share growth (1y)
- 3.8%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
BLLN Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 109.45 M | 108.39 M | 96.05 M | 83.52 M | 66.57 M | 58.96 M |
| Revenue Growth (YoY) | 64.40 % | 83.82 % | 113.09 % | 117.40 % | 84.11 % | 79.07 % |
| Cost of Revenue | 32.34 M | 29.29 M | 27.45 M | 25.11 M | 23.11 M | 20.99 M |
| Gross Profit | 77.11 M | 79.10 M | 68.60 M | 58.42 M | 43.47 M | 37.97 M |
| SG&A Expense | 54.29 M | 46.57 M | 44.02 M | 35.83 M | 33.34 M | 29.86 M |
| R&D Expense | 17.32 M | 14.69 M | 14.25 M | 12.95 M | 11.75 M | 10.43 M |
| Operating Expenses | 71.60 M | 61.26 M | 58.27 M | 48.78 M | 45.09 M | 40.29 M |
| Operating Income | 5.50 M | 17.83 M | 10.33 M | 9.63 M | -1.63 M | -2.31 M |
| Pretax Income | 7.52 M | 18.51 M | 6.30 M | 5.58 M | -232.00 K | -3.89 M |
| Tax Provision | -536.00 K | 539.00 K | 320.00 K | -129.00 K | 14.00 K | 100.00 K |
| Net Income | 8.05 M | 17.97 M | 5.98 M | 1.51 M | -246.00 K | -3.99 M |
| EPS (Basic) | 0.17 | 0.39 | 0.10 | 0.03 | -0.01 | -0.09 |
| EPS (Diluted) | 0.15 | 0.34 | 0.10 | 0.03 | -0.01 | -0.09 |
| Shares Outstanding | 46.40 M | 45.93 M | 45.80 M | 44.72 M | 44.72 M | 44.72 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.