Company: BLLN
Filing Date: 2025-10-17
Form Type: S-1/A
Source: 0001193125-25-242632
Chunk: 178

Company: BillionToOne, Inc.
Filing Date: 2025-10-17
Form: S-1/A
Chunk 178
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 and other current assets, 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 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 used in investing activities for the six months ended June 30, 2024 of $1.8 million was the result of $1.8 million in purchases of property and
equipment.

Net cash used in investing activities for the six months ended June 30, 2025 of $5.2 million was the result of $5.2 million in purchases
of property and equipment.

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

Financing activities

Net cash provided by
financing activities for the six months ended June 30, 2024 of $128.9 million was the result of $130.0 million in net proceeds from Series D redeemable convertible preferred stock and $0.6 million in net proceeds from exercise of
stock options, partially offset by $1.2 million principal payments on finance lease liabilities and a $0.5 million repurchase of common stock outstanding.

Net cash used in financing activities for the six months ended June 30, 2025 of $1.1 million was the result of $1.0 million principal payments on finance
lease liabilities and $0.6 million in payments for deferred offering costs related to this offering, partially offset by $0.5 million in net proceeds from exercise of stock options.

121

Net cash provided