Company: BLLN
Filing Date: 2025-10-17
Form Type: S-1/A
Source: 0001193125-25-242632
Chunk: 176

Company: BillionToOne, Inc.
Filing Date: 2025-10-17
Form: S-1/A
Chunk 176
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 of net revenue for each fiscal year) per each $1.0 million principal amount of the notes will be payable to Oberland Capital. The revenue participation payments are additional financing costs of the loan and are included in the computation of the internal rate of return measures described in the preceding paragraph. 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):

|                                                     |     | 2023 | Years ended December 31, |   |     | 2024 |         |   |     | 2024 | Six months ended June 30, |   |     | 2025 |        |   |
|:----------------------------------------------------|:----|:-----|-------------------------:|:--|:----|:-----|--------:|:--|:----|:-----|--------------------------:|:--|:----|:-----|-------:|:--|
| Net cash provided by (used in) operating activities |     | $    |                  (53,672 | ) |     | $    | (41,375 | ) |     | $    |                   (23,167 | ) |     | $    |  3,807 |   |
| Net cash provided by (used in) investing activities |     |      |                   82,838 |   |     |      |  (5,433 | ) |     |      |                    (1,780 | ) |     |      | (5,221 | ) |
| Net cash provided by (used in) financing activities |     |      |                   13,405 |   |     |      | 141,017 |   |     |      |                   128,941 |   |     |      | (1,105 | ) |

Operating activities Net cash used in operating activities for the six months ended June 30, 2024 of $23.2 million included net loss of $15.2 million, a $9.9 million decrease in accounts receivable due to timing of customer payments, a $3.2 million decrease in other non-currentassets, a $1.8 million decrease in operating lease liabilities and a $0.6 million decrease in deferred revenue. These cash flow uses were partially offset by increases of $2.7 million in accrued compensation and employee benefits, $1.6 million in accrued expenses