BillionToOne, Inc. (BLLN) Income Statement
BLLN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBLLN revenue and net income
Where BLLN's revenue goes
2025Each bar shows an amount and its share of revenue. BLLN kept 2.4% of revenue as net income.
BLLN profit margins
BLLN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +100.0% | — | — | — |
| Gross profit | +157.6% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BLLN quarterly EPS vs estimates
BillionToOne beat the analyst EPS estimate in 3 of the last 4 quarters. Next report: November 4, 2026 (estimate $0.16).
BLLN income statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $305.1M | $152.6M | $71.7M |
| Cost of revenue | $96.7M | $71.7M | $54.4M |
| Gross profit | $208.5M | $80.9M | $17.3M |
| Research & development | $49.4M | $36.6M | $22.4M |
| Sales, general & admin | $143.1M | — | — |
| Total operating expenses | $192.4M | $128.1M | $86.8M |
| Operating income | $16.0M | −$47.1M | −$69.5M |
| Interest income | $7.8M | — | — |
| Interest expense | $95,000 | $2.4M | $3.3M |
| Income before taxes | $7.8M | −$41.5M | −$82.7M |
| Income taxes | $305,000 | $29,000 | $9,000 |
| Net income | $7.5M | −$41.6M | −$82.7M |
| EBITDA | $19.8M | −$27.5M | −$72.9M |
| EPS (diluted) | $1.06 | −$0.93 | −$8.27 |
| Gross margin | 68.3% | 53.0% | 24.1% |
| Operating margin | 5.3% | −30.9% | −96.9% |
| Net margin | 2.4% | −27.2% | −115.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $109.4M | $108.4M | $96.1M | $83.5M | $66.6M | $59.0M | $45.1M | $38.4M | $36.2M | $32.9M |
| Cost of revenue | $32.3M | $29.3M | $27.4M | $25.1M | $23.1M | $21.0M | $19.4M | $18.2M | $17.6M | $16.5M |
| Gross profit | $77.1M | $79.1M | $68.6M | $58.4M | $43.5M | $38.0M | $25.7M | $20.2M | $18.5M | $16.4M |
| Research & development | $17.3M | $14.7M | $14.2M | $13.0M | $11.8M | $10.4M | $11.0M | $9.6M | $8.8M | $7.2M |
| Sales, general & admin | $54.3M | $46.6M | $44.0M | $35.8M | $33.3M | $29.9M | $26.4M | $23.3M | — | — |
| Total operating expenses | $71.6M | $61.3M | $58.3M | $48.8M | $45.1M | $40.3M | $37.4M | $32.8M | $30.1M | $27.7M |
| Operating income | $5.5M | $17.8M | $10.3M | $9.6M | −$1.6M | −$2.3M | −$11.7M | −$12.6M | −$11.6M | −$11.3M |
| Interest income | $4.7M | $4.6M | $3.3M | $1.5M | $1.5M | $1.5M | $1.7M | $2.0M | — | — |
| Interest expense | $8,000 | $10,000 | $3,000 | $20,000 | $32,000 | $40,000 | $47,000 | $422,000 | $976,000 | $941,000 |
| Income before taxes | $7.5M | $18.5M | $6.3M | $5.6M | −$232,000 | −$3.9M | −$11.5M | −$14.9M | −$3.3M | −$11.9M |
| Income taxes | −$536,000 | $539,000 | $320,000 | −$129,000 | $14,000 | $100,000 | $24,000 | — | $5,000 | — |
| Net income | $8.1M | $18.0M | $6.0M | $1.5M | −$246,000 | −$4.0M | −$11.5M | −$14.9M | −$3.3M | −$11.9M |
| EBITDA | $10.9M | $21.5M | $9.3M | $8.6M | $1.5M | −$2.1M | −$9.6M | −$12.7M | −$592,999 | −$9.2M |
| EPS (diluted) | $0.15 | $0.34 | $0.15 | $0.91 | — | — | — | — | — | — |
| Gross margin | 70.5% | 73.0% | 71.4% | 69.9% | 65.3% | 64.4% | 57.1% | 52.6% | 51.2% | 50.0% |
| Operating margin | 5.0% | 16.5% | 10.8% | 11.5% | −2.4% | −3.9% | −25.9% | −32.9% | −32.0% | −34.2% |
| Net margin | 7.4% | 16.6% | 6.2% | 1.8% | −0.4% | −6.8% | −25.5% | −38.8% | −9.2% | −36.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BLLN's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BLLN financial results
In fiscal year 2025 (ended December 31, 2025), BillionToOne reported revenue of $305.1 million, up 100.0% from the year before. It had net income of $7.5 million, a net profit margin of 2.4%. Diluted earnings per share came to $1.06.
See the BLLN stock overview for the latest quote and news, or the BLLN chart for price history and technical indicators.
BLLN income statement FAQ
What is BillionToOne's annual revenue?
BillionToOne reported total revenue of $305.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 100.0% from $152.6 million the previous year.
Is BillionToOne profitable?
Yes. BillionToOne reported net income of $7.5 million in fiscal 2025, a net profit margin of 2.4%; its operating margin was 5.3%.
What is BillionToOne's gross margin?
BillionToOne's gross margin was 68.3% in fiscal 2025: for every $100 of revenue, BillionToOne kept $68 after the direct cost of its products and services.
How much does BillionToOne spend on research and development?
BillionToOne spent $49.4 million on research and development in fiscal 2025, 16.2% of revenue.
What are BillionToOne's earnings per share?
BillionToOne earned $1.06 per diluted share in fiscal 2025, compared with $-0.93 a year earlier.
When will BillionToOne report its next earnings?
BillionToOne is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does BillionToOne's fiscal year end?
BillionToOne's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.