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BillionToOne, Inc. BLLN Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin71.3%+10.3pp70.4%68.3%65.2%60.9%
Operating margin10.9%+24.4pp10.2%5.3%-2.4%-13.5%
Net margin9.5%+24.1pp8.3%2.4%-3.9%-14.6%
Liquidity
Current ratio11.7×10.9×11.7×+3.7×6.2×
Leverage
Debt-to-equity0.3×0.3×0.2×
Net debt / EBITDA-8.1×-9.1×-16.9×-84.5×
Per Share
Book value per share$9.86+141%$9.53+139%$22.61+191%-$15.38+36.0%-$24.10
Valuation
Market capitalization$6.9B+56.7%$3.63B$3.75B
Price / earnings182.9×123.4×502.5×
Price / sales17.4×10.2×12.3×
Price / book12.8×7.2×7.8×
EV / EBITDA129.2×75.2×146.5×

FAQ

What are BillionToOne, Inc.'s profit margins?
BillionToOne, Inc. (BLLN) runs a 71.3% gross margin and a 10.9% operating margin, with a 9.5% net margin.
Where do BillionToOne, Inc.'s ratios come from?
Every ratio is computed from BillionToOne, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.