Company: BLLN
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001628280-25-056321
Chunk: 236

Company: BillionToOne, Inc.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part I, Item 1
Chunk 236
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 thousands):

Nine Months EndedSeptember 30,20252024Cash provided by (used in) operating activities$13,803 $(32,952)Cash used in investing activities(7,344)(3,328)Cash (used in) provided by financing activities(2,784)141,305 Net increase in cash and cash equivalents3,675 105,025 Cash and cash equivalents at beginning of period191,477 97,268 Cash and cash equivalents at end of period$195,152 $202,293 

Operating activities

Cash provided by operating activities during the nine months ended September 30, 2025 was $13.8 million. Net income of $1.5 million includes $23.6 million in non-cash charges primarily resulting from $9.6 million of stock-

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based compensation, $5.2 million of depreciation and amortization, $3.7 million of amortization of right-of-use assets, and $4.9 million change in fair value of the common stock warrant liability and term loan. Operating assets had outflows of $20.4 million primarily resulting from a $9.9 million increase in accounts receivable, $8.7 million increase in inventory, $1.7 million increase in prepaid expenses and other current assets, and $0.1 million increase in other non-current assets. Operating liabilities had inflows of $9.1 million primarily resulting from a $12.5 million increase in accounts payable and accrued expense balances, offset by a $3.2 million decrease in operating lease liabilities.

Cash used in operating activities during the nine months ended September 30, 2024 was $33.0 million. Net loss of $30.1 million includes $11.3 million in non-cash charges primarily resulting from $6.1 million of stock-based compensation, $5.2 million of depreciation and amortization, $3.5 million of amortization of right-of-use assets, and $3.0 million change in fair value of the common stock warrant liability, term loan and convertible notes, offset by a $7.3 million gain on extinguishment of debt. Operating assets had outflows of $18.4 million primarily resulting from a $13.7 million increase in 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 $