What is BillionToOne, Inc. 's EBITDA margin?

BillionToOne, Inc. (BLLN) reported EBITDA margin of -88.7% in Q4 2023.

What does EBITDA margin mean?

EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.

BillionToOne, Inc. BLLN EBITDA margin

EBITDA margin at other companies

Labcorp HoldingsLH

15%+1.8pp

IlluminaILMN

25.5%—

Guardant HealthGH

-37.8%-8.5pp

Natera, Inc.NTRA

-11.1%+0.5pp

NeoGenomicsNEO

-5.3%-85.9pp

Lantheus HoldingsLNTH

23.9%-9.6pp

Other financials

Income statement

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Revenue$108.4M+83.8%

Gross profit$79.1M+108%

Operating income$17.8M+870%

Net income$18.0M+551%

EPS (diluted)$0.34+187%

Balance sheet

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Cash & equivalents$537.5M+181%

Total debt$144.2M—

Total equity$505.6M+300%

Total assets$700.7M—

Cash flow

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Operating cash flow$15.4M+488%

CapEx$4.5M+90.5%

Free cash flow$11.0M+3,842%

Valuation

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Market cap$4.96B—

Profitability

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Gross margin70.4%—

Operating margin-96.9%—

Net margin8.4%—

FCF margin-83.4%—

Returns & leverage

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Debt / equity0.3×—

Current ratio10.9×—

Where this comes from

Calculated from BillionToOne, Inc. ’s reported figures.

ebitda/total revenue=-88.7%

Based on trailing twelve months.

The official record: BillionToOne, Inc. ’s 10-K, filed March 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BillionToOne, Inc. 's EBITDA margin?: BillionToOne, Inc. (BLLN) reported EBITDA margin of -88.7% in Q4 2023.
What does EBITDA margin mean?: EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.