Company: BLLN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0000950123-25-006095
Chunk: 141

Company: BillionToOne, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 141
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2031 and a lump sum payment due on August 31, 2031. The term loan advances are secured by a lien on our assets. 106

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 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-currentassets due to timing of payment, $2.0 million in accounts payable and other accrued expenses also due to timing of payment, and non-cashcharges 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-currentassets and prepaid expenses, and a $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