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BillionToOne, Inc. BLLN Change in fair value of debt agreements

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Other financials

Income statement

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Revenue$109.4M+64.4%
Gross profit$77.1M+77.4%
Operating income$5.5M+438%
Net income$8.1M+3,374%
EPS (diluted)$0.15+850%

Balance sheet

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Cash & equivalents$548.6M+190%
Total debt$143.9M
Total equity$536.8M+315%
Total assets$729.7M

Cash flow

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Operating cash flow$9.1M+673%
CapEx$4.0M+40.9%
Free cash flow$5.1M+401%

Valuation

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Market cap$6.9B+56.7%
Enterprise value$6.49B
P/E182.9×
P/S17.4×

Profitability

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Gross margin71.3%+10.3pp
Operating margin10.9%+7.0pp
Net margin9.5%+5.9pp
FCF margin8.3%

Returns & leverage

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Return on equity26.3%
Debt / equity0.3×
Current ratio11.7×

Where this comes from

Reported directly by BillionToOne, Inc. in its filing.

Tagged under the XBRL concept blln:FairValueAdjustmentOfDebtInstruments.

The source filing: BillionToOne, Inc.’s 10-K, filed March 11, 2026.

Filed
Mar 11, 2026, 4:55 PM EDT
Fiscal year
FY2025
Accession
0002070849-26-000017

During the year ended December 31, 2025, there was a change in the fair value of the term loan where the Company elected the fair value option that related to changes in credit risk. During the years ended December 31, 2024 and 2023, there was no change in the fair value of debt agreements where the Company elected the fair value option that related to changes in credit risk.

Item 8. Financial Statements and Supplementary Data

FAQ

What is BillionToOne, Inc.'s change in fair value of debt agreements?
BillionToOne, Inc. (BLLN) reported change in fair value of debt agreements of $0 in Q4 2024.
What does change in fair value of debt agreements mean?
Change in fair value of debt agreements as reported by BillionToOne, Inc. Class A Common Stock.

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