Company: BLLN
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0000950123-25-007483
Chunk: 156

Company: BillionToOne, Inc.
Filing Date: 2025-08-11
Form: DRS/A
Chunk 156
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 participation provision, under which, for any fiscal quarter, 0.01% of net revenue for such fiscal quarter (up to $100.0 million of net revenue for each fiscal year) per each $1.0 million principal amount of the notes will be payable to Oberland Capital. Beginning with the fiscal year beginning January 1, 2025, we are required to make revenue participation payments under the Note Purchase Agreement. Cash flows The following table summarizes our cash flows for the periods presented (in thousands):

|                                                     |     | Year ended   
 December 31, |    2023 |   |     |   |    2024 |   |
|:----------------------------------------------------|:----|:-------------|--------:|:--|:----|:--|--------:|:--|
| Net cash used in operating activities               |     | $            | (53,672 | ) |     | $ | (41,375 | ) |
| Net cash provided by (used in) investing activities |     |              |  82,838 |   |     |   |  (5,433 | ) |
| Net cash provided by financing activities           |     |              |  13,405 |   |     |   | 141,017 |   |

Operating activities Net cash used in operating activities for the year ended December 31, 2023 of $53.7 million included net loss of $82.7 million, a $2.6 million decrease in accounts receivable due to higher product sales and timing of customer 110

payments, and a $1.4 million decrease in inventory due to build up for anticipated demand. These cash flow uses were partially offset by an increase of $3.0 million in deferred revenue
related to our strategic partnership agreement, $2.2 million in prepaid expenses and other non-current assets due to timing of payment, $2.0 million in accounts payable and other accrued expenses
also due to timing of payment, and non-cash charges of $25.2 million primarily consisting of change in fair value of convertible notes, depreciation and stock-based compensation.

Net cash used in operating activities for the year ended December 31, 2024 of $41.4 million included net loss of $41.6 million, a $15.6 million
decrease in accounts receivable due to higher product sales and timing of customer payments, a $4.0 million decrease in other non-current assets and prepaid expenses, and a $