Company: BLLN
Filing Date: 2025-10-17
Form Type: S-1/A
Source: 0001193125-25-242632
Chunk: 179

Company: BillionToOne, Inc.
Filing Date: 2025-10-17
Form: S-1/A
Chunk 179
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 by financing activities for the year ended December 31, 2023 of $13.4 million was the
result of $15.0 million in net proceeds from issuance of debt and $0.4 million in net proceeds from exercise of stock options, partially offset by $2.1 million of principal payments on finance lease liabilities.

Net cash provided by financing activities for the year ended December 31, 2024 of $141.0 million was the result of $130.0 million in net proceeds from
Series D redeemable convertible preferred stock, $49.8 million in net proceeds from issuance of debt, $1.1 million in net proceeds from exercise of stock options, partially offset by $36.7 million repayment of debt upon extinguishment
and the related exit fee, $2.4 million principal payments on finance lease liabilities and $0.5 million repurchase of common stock outstanding.

Contractual obligations and commitments

Operating lease commitments.
Our operating lease commitments primarily include our labs and corporate offices. As June 30, 2025, we had fixed lease payment obligations of $72.2 million, with $9.0 million to be paid within 12 months and the remainder thereafter.

Finance lease commitments. Our finance lease commitments primarily relate to equipment used in our labs. As of June 30, 2025, we had fixed lease payment
obligations of $1.7 million, with $1.0 million to be paid within 12 months and the remainder thereafter.

Off-balancesheet arrangements

We
did not have during the periods presented, and we do not currently have, any off-balance sheet financing arrangements or any relationships with unconsolidated entities or financial partnerships, including
entities sometimes referred to as structured finance or special purpose entities, that were established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited
purposes.

Quantitative and qualitative disclosures about market risk

We are exposed to market risks in the ordinary course of our business. Market risk represents the risk of loss that may impact our financial position due to adverse
changes in financial market prices and rates. Our market risk exposure is primarily the result of fluctuations in interest rates, inflation and foreign currency exchange rates.

Interest rate risk

We are exposed to market risk related to changes
in interest rates. We had cash and cash equivalents of $97.3 million, $191.5 million and $189.0 million as of December 31, 2023 and 202