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NASDAQ · Health care

BillionToOne, Inc. (BLLN)

BillionToOne, Inc. brought in $436.9M of revenue over the twelve months to September 30, 2026. Net income was $49.4M, a net margin of 11.3%. Operating cash flow minus capital spending left $15.7M of free cash flow in fiscal 2025. At September 30, 2026 it held $561.5M in cash against $89M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.

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Price
$114.95
+0.89% on the day · November 9, 2026
52-week range $61.96 to $150.44
Market cap
$5.4B
Revenue (last 12 months)
$436.9M
Net margin
11.3%
P/E
821.1
on FY2025 diluted EPS

Key facts about BillionToOne, Inc.

Net worth
BillionToOne, Inc. has a market value (market cap) of $5.4B at the latest share price, and shareholders' equity of $566.5M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $305.1M (+100.0% year on year), with net income of $7.5M. Over the 12 months to September 30, 2026: revenue $436.9M, net income $49.4M.
Cash flow
In fiscal 2025 operations brought in $24.6M of cash; after $8.9M of capital spending, free cash flow was $15.7M.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
BillionToOne, Inc.'s next report is expected around January 6, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What BillionToOne, Inc. does

BillionToOne, Inc. is registered with the SEC under industry code SIC 8071 (Services-Medical Laboratories). Its shares trade on NASDAQ under the ticker BLLN.

Revenue and profit by year

Revenue
FY23: $71.7M $71.7M FY23FY25: $152.6M $152.6M FY25FY25: $305.1M $305.1M FY25
Net income
FY23: -$82.7M -$82.7M FY23FY25: -$41.6M -$41.6M FY25FY25: $7.5M $7.5M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$305.1M$16M$7.5M$0.14$15.7M
2025$152.6M-$47.1M-$41.6M-$4.12-$46.8M
2023$71.7M-$69.5M-$82.7M-$8.45-$59.8M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around January 6, 2027.

Estimated from its filing rhythm: about 63 days after its last report of November 4, 2026, its usual gap. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where BLLN ranks in Health care

Revenue$305.1M
#236 of 751 in Health care · Top 31%
Revenue growth+100.0%
#54 of 532 in Health care · Top 10%
Net margin2.4%
#189 of 544 in Health care · Top 35%
Free cash flow margin5.2%
#175 of 490 in Health care · Top 36%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What BillionToOne, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 9, 2026
  2. November 4, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 47% to $123M versus the same quarter last year; diluted EPS $0.32 versus $0.10.
  3. November 4, 2026
  4. August 5, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 64% to $109.4M versus the same quarter last year; diluted EPS $0.15 versus -$0.02.
  5. August 5, 2026
  6. June 29, 2026
  7. June 16, 2026
  8. May 6, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue rose 84% to $108.4M versus the same quarter last year; diluted EPS $0.34 versus -$0.39.
  9. May 6, 2026
  10. April 21, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on November 4, 2026. Insider transactions on SEC

What is BLLN worth? A DCF from its reported cash flow

Insider trades

What the people running BillionToOne, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $26.7M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$0
last 90 days
Sold
$26.7M
last 90 days
Net sold
252,777
$26.7M
DateInsiderWhatSharesPriceValueFiling
November 2, 2026 ten Bosch John RoderickSVP of Laboratory Operations Soldpre-planned (10b5-1) 1,417 $113.17 $160.4K Form 4
November 2, 2026 ten Bosch John RoderickSVP of Laboratory Operations Soldpre-planned (10b5-1) 1,417 $113.17 $160.4K Form 4
November 2, 2026 Tsao DavidChief Technology Officer, Director Exercised options 10,000 $2.80 $28K Form 4
November 2, 2026 Tsao DavidChief Technology Officer, Director Exercised options 10,000 $2.80 $28K Form 4
November 2, 2026 Tsao DavidChief Technology Officer, Director Soldpre-planned (10b5-1) 917 $107.31 $98.4K Form 4
November 2, 2026 Tsao DavidChief Technology Officer, Director Soldpre-planned (10b5-1) 2,320 $108.24 $251.1K Form 4
November 2, 2026 Tsao DavidChief Technology Officer, Director Soldpre-planned (10b5-1) 3,241 $109.04 $353.4K Form 4
November 2, 2026 Tsao DavidChief Technology Officer, Director Soldpre-planned (10b5-1) 1,992 $110.13 $219.4K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns BLLN

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Firat Ileri13D, may seek influence with 9 related filers 18.57% 8,034,797 November 9, 2026
Krishna Kittu Kolluri ("Kolluri")13G, passive with 7 related filers 10.6% 4,359,505 February 13, 2026
Oguzhan Atay13G, passive 7.3% 3,206,861 February 17, 2026
David Tsao13G, passive 6.9% 3,035,767 February 17, 2026

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

13 insiders reported holding 3,183,822 shares in total, about $366M at the last price.

HolderSharesAs of
Humming Bird Ventures Management NV10% owner 2,580,8332,580,833 held indirectly November 7, 2025
Sakakibara Shan RikuChief Product Officer 196,500 September 10, 2026
Atay OguzhanSee Remarks, Director 141,167141,167 held indirectly November 2, 2026
NeoTribe Ventures I, L.P.10% owner 87,362 June 9, 2026
Kolluri Krishna KittuDirector, 10% owner 69,18957,839 held indirectly August 26, 2026
Ileri FiratDirector, 10% owner 40,331 June 10, 2026
ten Bosch John RoderickSee Remarks 16,551 November 2, 2026
Rai AkshayDirector 14,026 June 10, 2026
Bremner Thomas SDirector 11,350 June 10, 2026
Lynch Thomas P.See Remarks 10,700 October 13, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about BLLN

What does BillionToOne, Inc. do?

BillionToOne, Inc. is a company in the Health care sector, listed on NASDAQ as BLLN. Its shares trade on NASDAQ under the ticker BLLN.

What is BillionToOne, Inc.'s net worth?

BillionToOne, Inc. has a market value (market cap) of $5.4B at the latest share price, and shareholders' equity of $566.5M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is BillionToOne, Inc. profitable?

Yes. Over the twelve months to September 30, 2026 it reported net income of $49.4M on revenue of $436.9M, a net margin of 11.3%.

How much revenue does BillionToOne, Inc. make?

Over the twelve months to September 30, 2026 BillionToOne, Inc. reported revenue of $436.9M.

When did BillionToOne, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the activist stake changed from November 9, 2026.

When is BillionToOne, Inc.'s next earnings report?

BillionToOne, Inc.'s next report is expected around January 6, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values BillionToOne, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.