Company: BLLN
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001628280-25-056321
Chunk: 182

Company: BillionToOne, Inc.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part I, Item 1
Chunk 182
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467 and 10,925,950 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively- - Additional paid-in capital41,211 30,545 Accumulated deficit(280,724)(282,201)Total stockholders’ deficit(239,513)(251,656)Total liabilities, redeemable convertible preferred stock, and stockholders’ deficit$327,521 $302,059 

The accompanying notes are an integral part of these interim financial statements.

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Table of Contents

BillionToOne, Inc.

Statements of Operations and Comprehensive Income (Loss) 

(in thousands, except per share amounts, unaudited) 

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Revenue$83,523 $38,419 $209,059 $107,505 Cost of revenue25,107 18,204 69,205 52,309 Gross profit58,416 20,215 139,854 55,196 Operating expenses:Research and development12,953 9,550 35,134 25,600 Selling, general and administrative35,830 23,299 99,029 65,050 Total operating expenses48,783 32,849 134,163 90,650 Income (loss) from operations9,633 (12,634)5,691 (35,454)Other income (expense):Interest income1,535 1,952 4,492 4,148 Interest expense(20)(422)(92)(2,339)Net (loss) gain on extinguishment of debt- (1,346)- 7,289 Change in fair value of term loan(3,936)(2,283)(7,038)(2,283)Change in fair value of convertible notes- - - (835)Other expense, net(1,630)(171)(1,591)(614)Total other (expense) income (4,051)(2,270)(4,229)5,366 Income (loss) before provision for income taxes5,582 (14,904)1,462 (30,088)Provision for income taxes(129)- (15)5 Net income (loss) and comprehensive income (loss)$5,711 $(14