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BillionToOne, Inc. BLLN Operating Income

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Other financials

Income statement

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Revenue$109.4M+64.4%
Gross profit$77.1M+77.4%
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$4.32B-1.8%
Enterprise value$3.92B
P/E114.7×
P/S10.9×

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 us-gaap:OperatingIncomeLoss.

The source filing: BillionToOne, Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:42 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0002070849-26-000050
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Research and development17,31511,75132,00722,181
Selling, general and administrative54,28933,342100,85963,199
Total operating expenses71,60445,093132,86685,380
Income (loss) from operations5,503(1,627)23,337(3,942)
Other income (expense):
Interest income4,6941,4519,3392,957
Interest expense(8)(32)(18)(72)
Change in fair value of term loan(2,968)(10)(7,229)(3,102)

Item 1. Financial Statements (Unaudited)

FAQ

What is BillionToOne, Inc.'s operating income?
BillionToOne, Inc. (BLLN) reported operating income of $5.5M in Q2 2026.
How has BillionToOne, Inc.'s operating income changed year-over-year?
BillionToOne, Inc.'s operating income increased by 438.2% year-over-year, from -$1.63M to $5.5M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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