Company: BLLN
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0000950123-25-007483
Chunk: 157

Company: BillionToOne, Inc.
Filing Date: 2025-08-11
Form: DRS/A
Chunk 157
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1.5 million decrease in
inventory due to build up for anticipated demand. These cash flow uses were partially offset by an increase of $6.8 million in accrued compensation, commissions and other employee benefits due to increased employee headcount and increased sales
which increased commissions and bonuses, $3.1 million in accounts payable and other accrued expenses due to increased testing volumes and timing of payments and non-cash charges of $17.0 million
primarily consisting of stock-based compensation, depreciation and amortization, amortization of operating right-of-use assets, change in fair value of 2022 Convertible
Notes which were partially offset by the gain on extinguishment of debt.

Investing activities

Net cash provided by investing activities for the year ended December 31, 2023 of $82.8 million was the result of $90.0 million proceeds from maturities
of certificates of deposit, partially offset by $6.2 million in purchases of property and equipment and $1.0 million deposits paid for financing leases.

Net cash used by investing activities for the year ended December 31, 2024 of $5.4 million was primarily the result of $5.4 million in purchases of
property and equipment.

Financing activities

Net cash provided
by financing activities for the year ended December 31, 2023 of $13.4 million was the result of $15.0 million in proceeds from issuance of debt and $0.4 million in proceeds from exercise of stock options, partially offset by
$2.1 million of principal payments on finance lease liabilities.

Net cash provided by financing activities for the year ended December 31, 2024 of
$141.0 million was the result of $130.0 million in proceeds from Series D redeemable convertible preferred stock, $49.8 million in net proceeds from issuance of debt, $1.1 million in proceeds from exercise of stock options,
partially offset by $36.7 million repayment of debt upon extinguishment and the related exit fee, $2.4 million principal payments on finance lease liabilities and $0.5 million repurchase of common stock outstanding.

Contractual obligations and commitments

Operating lease commitments.
Our operating lease commitments primarily include our labs and corporate offices. As of December 31, 2024, we had fixed lease payment obligations of $76.6 million, with $8.8 million to be paid within 12 months and the remainder
thereafter.

Finance lease commitments. Our finance lease