What is BillionToOne, Inc. 's gross margin?

BillionToOne, Inc. (BLLN) reported gross margin of 70.4% in Q1 2026.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

BillionToOne, Inc. BLLN Gross margin

Gross margin at other companies

Labcorp HoldingsLH

28.8%+0.9pp

IlluminaILMN

66.2%-0.1pp

Guardant HealthGH

64.9%+3.6pp

Lantheus HoldingsLNTH

60.5%-3.6pp

Agilent TechnologiesA

52.7%-0.6pp

IncyteINCY

92.5%-0.2pp

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$4.84B—

Enterprise value$4.44B—

P/E163.1×—

P/S13.6×—

Profitability

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Operating margin-96.9%—

Net margin8.4%—

FCF margin-83.4%—

Returns & leverage

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Return on equity23.5%—

Debt / equity0.3×—

Current ratio10.9×—

Where this comes from

Calculated from BillionToOne, Inc. ’s reported figures.

gross profit/total revenue=70.4%

Based on trailing twelve months.

The official record: BillionToOne, Inc. ’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BillionToOne, Inc. 's gross margin?: BillionToOne, Inc. (BLLN) reported gross margin of 70.4% in Q1 2026.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.