Company: BLLN
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001628280-25-056321
Chunk: 396

Company: BillionToOne, Inc.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part I, Item 8
Chunk 396
---
 accounts receivable, $3.1 million increase in other non-current assets, $0.9 million increase in prepaid and other current assets, and $0.6 million increase in inventory. Operating liabilities had inflows of $4.2 million primarily resulting from a $7.1 million increase in accounts payable and accrued expense balances, offset by a $2.8 million decrease in operating lease liabilities.

Investing activities

Cash used in investing activities during the nine months ended September 30, 2025 totaled $7.3 million due to purchases of property and equipment.

Cash used in investing activities during the nine months ended September 30, 2024 totaled $3.3 million due to purchases of property and equipment.

Financing activities

Cash used in financing activities during the nine months ended September 30, 2025 totaled $2.8 million which was comprised of $2.5 million of payments of deferred offering costs, principal payments on finance lease liabilities of $1.4 million, offset by $1.2 million in proceeds from the exercise of stock options, net of repurchases.

Cash provided by financing activities during the nine months ended September 30, 2024 totaled $141.3 million which was comprised of $130.0 million of proceeds from issuance of Series D redeemable convertible preferred stock, net of issuance costs, $49.8 million in proceeds from the issuance of debt, net, offset by $36.7 million repayment of debt, exit fee and prepayment payable upon debt upon extinguishment, and $1.8 million principal payments on finance lease liabilities.

Contractual obligations and commitments

Operating lease commitments. Our operating lease commitments primarily include our labs and corporate offices. As of September 30, 2025, we had fixed lease payment obligations of $70.1 million, with $9.1 million to be paid within 12 months and the remainder thereafter.

Finance lease commitments. Our finance lease commitments primarily relate to equipment used in our labs. As of September 30, 2025, we had fixed lease payment obligations of $1.2 million, with $0.7 million to be paid within 12 months and the remainder thereafter.

Off-balance sheet 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