Company: BLLN
Filing Date: 2025-10-07
Form Type: S-1
Source: 0001193125-25-233697
Chunk: 352

Company: BillionToOne, Inc.
Filing Date: 2025-10-07
Form: S-1
Chunk 352
---
 to determine the impact it may have on its financial statements and related disclosures. (3) Fair Value Measurements The fair value measurements of assets and liabilities that are measured at fair value on a recurring basis consisted of the following as of December 31, 2023 (in thousands):

|                                                 |     | Level 1 |   |     | Level 2 |   |     | Level 3 |        |     | Total |        |
|:------------------------------------------------|:----|:--------|:--|:----|:--------|:--|:----|:--------|-------:|:----|:------|-------:|
| Redeemable convertible preferred stock warrants |     | $       | - |     | $       | - |     | $       |    146 |     | $     |    146 |
| Common stock warrants                           |     |         | - |     |         | - |     |         |  1,653 |     |       |  1,653 |
| Convertible notes                               |     |         | - |     |         | - |     |         | 47,686 |     |       | 47,686 |
| Total liabilities                               |     | $       | - |     | $       | - |     | $       | 49,485 |     | $     | 49,485 |

F-17

B ILLIONT OO NE, INC. Notes to Financial Statements The fair value measurements of assets and liabilities that are measured at fair value on a recurring basis consisted of the following as of December 31, 2024 (in thousands):

| Current assets:                                 |     | Level 1 |       |     | Level 2 |   |     | Level 3 |        |     | Total |        |
|:------------------------------------------------|:----|:--------|------:|:----|:--------|:--|:----|:--------|-------:|:----|:------|-------:|
| Money market funds                              |     | $       | 7,538 |     | $       | - |     | $       |      - |     | $     |  7,538 |
| Total assets                                    |     | $       | 7,538 |     | $       | - |     | $       |      - |     | $     |  7,538 |
| Current liabilities:                            |     |         |       |     |         |