Company: BLLN
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001628280-25-056321
Chunk: 517

Company: BillionToOne, Inc.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part I, Item 2
Chunk 517
---
 was $13.8 million. Net income of $1.5 million includes $23.6 million in non-cash charges primarily resulting from $9.6 million of stock-

42

based compensation, $5.2 million of depreciation and amortization, $3.7 million of amortization of right-of-use assets, and $4.9 million change in fair value of the common stock warrant liability and term loan. Operating assets had outflows of $20.4 million primarily resulting from a $9.9 million increase in accounts receivable, $8.7 million increase in inventory, $1.7 million increase in prepaid expenses and other current assets, and $0.1 million increase in other non-current assets. Operating liabilities had inflows of $9.1 million primarily resulting from a $12.5 million increase in accounts payable and accrued expense balances, offset by a $3.2 million decrease in operating lease liabilities.

Cash used in operating activities during the nine months ended September 30, 2024 was $33.0 million. Net loss of $30.1 million includes $11.3 million in non-cash charges primarily resulting from $6.1 million of stock-based compensation, $5.2 million of depreciation and amortization, $3.5 million of amortization of right-of-use assets, and $3.0 million change in fair value of the common stock warrant liability, term loan and convertible notes, offset by a $7.3 million gain on extinguishment of debt. Operating assets had outflows of $18.4 million primarily resulting from a $13.7 million increase in accounts receivable, $3.1 million increase in other non-current assets, $0.9 million increase in prepaid and other current assets, and $0.6 million increase in inventory. Operating liabilities had inflows of $4.2 million primarily resulting from a $7.1 million increase in accounts payable and accrued expense balances, offset by a $2.8 million decrease in operating lease liabilities.

Investing activities

Cash used in investing activities during the nine months ended September 30, 2025 totaled $7.3 million due to purchases of property and equipment.

Cash used in investing activities during the nine months ended September 30, 2024 totaled $3.3 million due to purchases of property and equipment.

Financing activities

Cash used in financing activities during the nine months ended September 30, 2025 totaled $2.8 million which was comprised of