Company: BLLN
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001628280-25-056321
Chunk: 185

Company: BillionToOne, Inc.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part I, Item 1
Chunk 185
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- Issuance of common stock upon exercise of stock options-- 263,262- 778 - 778 Stock-based compensation-- -- 6,055 - 6,055 Repurchase of common stock-- (26,750)- (546)- (546)Vesting of early exercises-- -- 5 - 5 Net loss-- -- - (30,093)(30,093)Balance at September 30, 202429,084,235$419,409 10,808,573$- $27,870 $(270,724)$(242,854)

The accompanying notes are an integral part of these interim financial statements.

7

BillionToOne, Inc

Statements of Cash Flows 

(in thousands, unaudited)

Nine Months Ended September 30,20252024Cash flows from operating activities:Net income (loss)$1,477 $(30,093)Adjustments to reconcile net income (loss) to net cash used in operating activities:Stock-based compensation9,581 6,055 Depreciation and amortization5,232 5,241 Amortization of debt issuance costs and accretion of exit fees- 341 Debt issuance costs on term loan expensed upon election of fair value option- 453 Amortization of operating right-of-use assets3,715 3,452 Loss on disposal of fixed assets7 11 Change in fair value of common stock warrant liability1,409 500 Change in fair value of redeemable convertible preferred stock warrant liability176 49 Net gain on extinguishment of debt- (7,289)Change in fair value of convertible notes- 835 Change in fair value of term loan3,505 1,650 Changes in operating assets and liabilities:Accounts receivable(9,937)(13,741)Inventories(8,656)(644)Prepaid expenses and other current assets(1,727)(879)Other non-current assets(62)(3,110)Accounts payable3,047 2,223 Accrued expenses and other current liabilities3,972 882 Accrued commissions166 642 Accrued compensation and employee benefits5,268 3,306 Deferred revenue(123)(49)Operating lease liabilities(3,247)(2,787)Net cash provided by (used in) operating activities13,