Company: BLLN
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001628280-25-056321
Chunk: 195

Company: BillionToOne, Inc.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part I, Item 1
Chunk 195
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 this ASU to determine the impact it may have on its financial statements and related disclosures.

(3) Fair Value Measurements

The fair value measurements of assets and liabilities that are measured at fair value on a recurring basis consisted of the following as of September 30, 2025 (in thousands):As of September 30, 2025Level 1Level 2Level 3TotalCurrent assets:Money market funds$7,770 $- $- $7,770 Total assets$7,770 $- $- $7,770 Liabilities:Redeemable convertible preferred stock warrants$- $- $406 $406 Common stock warrants- - 3,942 3,942 Term loan- - 54,986 54,986 Total liabilities$- $- $59,334 $59,334 The fair value measurements of assets and liabilities that are measured at fair value on a recurring basis consisted of the following as of December 31, 2024 (in thousands):As of December 31, 2024Level 1Level 2Level 3TotalCurrent assets:Money market funds$7,538 $- $- $7,538 Total assets$7,538 $- $- $7,538 Liabilities:Redeemable convertible preferred stock warrants$- $- $230 $230 Common stock warrants- - 2,533 2,533 Term loan- - 51,481 51,481 Total liabilities$- $- $54,244 $54,244 Level 3 instruments consist of the Company’s Series A-6 redeemable convertible preferred stock warrant liabilities, common stock warrant liabilities, a term loan and convertible notes.The fair values of the Series A-6 redeemable convertible preferred stock warrant and common stock warrant are measured using a probability weighted option pricing model.The significant assumptions used in preparing the option pricing model for valuing the common stock warrant liability as of September 30, 2025 and December 31, 2024, are as follows:September 30,2025December 31,2024Stock price$40.77 $20.32 Exercise price$2.80 – $10.92$2.80 – $10.92Volatility76.1