Company: BLLN
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0000950123-25-007483
Chunk: 158

Company: BillionToOne, Inc.
Filing Date: 2025-08-11
Form: DRS/A
Chunk 158
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 commitments primarily relate to equipment used in our labs. As of December 31, 2024, we had
fixed lease payment obligations of $2.8 million, with $1.9 million to be paid within 12 months and the remainder thereafter.

For additional discussion on
our leases, see Note 8 to our financial statements included elsewhere in this prospectus.

111

Off-balancesheet arrangements

We did not have during the periods presented, and we do not currently have, any off-balance sheet financing arrangements or any
relationships with unconsolidated entities or financial partnerships, including entities sometimes referred to as structured finance or special purpose entities, that were established for the purpose of facilitating
off-balance sheet arrangements or other contractually narrow or limited purposes.

Quantitative and qualitative disclosures about market risk

We are exposed to market risks in the ordinary course of our business. Market risk represents the risk of loss that may impact
our financial position due to adverse changes in financial market prices and rates. Our market risk exposure is primarily the result of fluctuations in interest rates, inflation and foreign currency exchange rates.

Interest rate risk

We are exposed to market risk related to changes
in interest rates. We had cash and cash equivalents of $97.3 million and $191.5 million as of December 31, 2023 and 2024, respectively. Our cash and cash equivalents consist of cash held in sweep accounts, checking accounts, and lock-box accounts. The cash and cash equivalents are primarily for working capital purposes. Such interest earning instruments carry a degree of interest rate risk. Our financing arrangement with Western Alliance
Bank subjected us to variable amount of interest on the principal balance outstanding, the debt was extinguished in 2024. Our debt facility with Oberland Capital is at a fixed rate of interest. The effect of a hypothetical 10% change in interest
rates would not have had a material impact on our financial statements for the years ended December 31, 2023 and 2024.

Inflation risk

We do not believe that inflation has had a material effect on our business, financial condition, or results of operations. If our costs were to become subject to
significant inflationary pressures, we may not be able to fully offset such higher costs through increases in revenue as increases in inflation rates may also negatively affect demand for our product offerings, and our ability to raise capital and
cashflow. Our inability or failure to fully offset any such higher costs could harm our business, financial condition, and results of