Company: BLLN
Filing Date: 2025-09-17
Form Type: DRS/A
Source: 0001193125-25-206347
Chunk: 170

Company: BillionToOne, Inc.
Filing Date: 2025-09-17
Form: DRS/A
Chunk 170
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.7 million in accrued compensation and employee benefits, $1.6 million in accrued expenses and other current liabilities, $0.6 million in accrued commissions, all of which increased due to the growth of the business and the timing of payment, as well as non-cashcharges of $2.5 million primarily consisting of stock-based compensation, depreciation and amortization and change in fair value of convertible notes, partially offset by a gain on extinguishment of debt. Net cash provided by operating activities for the six months ended June 30, 2025 of $3.8 million included increases of $4.2 million in accrued compensation and employee benefits, $3.3 million in accounts payable, and $2.4 million in accrued expenses and other current liabilities, all of which increased due to the timing of payment, as well as non-cashcharges of $11.7 million primarily consisting of stock-based compensation, depreciation and amortization and change in fair value of term loan. These cash flows were partially offset by net loss of $4.2 million, decrease in accounts receivable of $5.7 million due to timing of customer payments, a decrease in inventory of $5.0 million due to build up for anticipated demand, a decrease of $2.1 million of related to operating lease liabilities and a decrease of deferred revenue of $0.6 million. 114

Net cash used in operating activities for the year ended December 31, 2023 of $53.7 million included net
loss of $82.7 million, a $2.6 million decrease in accounts receivable due to higher product sales and timing of customer payments, and a $1.4 million decrease in inventory due to build up for anticipated demand. These cash flow uses
were partially offset by an increase of $3.0 million in deferred revenue related to our strategic partnership agreement, $2.2 million in prepaid expenses and other non-current assets due to timing of
payment, $2.0 million in accounts payable and other accrued expenses also due to timing of payment, and non-cash charges of $25.2 million primarily consisting of change in fair value of convertible
notes, depreciation and stock-based compensation.

Net cash used in operating activities for the year ended December 31, 2024 of $41.4 million included net
loss of $41.6 million, a $15.6 million decrease in accounts receivable due to higher product sales and timing of customer payments, a $4.0 million