BillionToOne Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	305.11	152.58	71.73
Revenue Growth (YoY)	99.97%	112.72%	-
Cost of Revenue	96.65	71.67	54.42
Gross Profit	208.46	80.92	17.31
Selling, General & Admin	143.05	91.47	64.39
Research & Development	49.38	36.6	22.41
Operating Expenses	192.44	128.06	86.8
Operating Income	16.02	-47.15	-69.5
Interest Expense	-0.1	-2.39	-3.27
Interest & Investment Income	7.75	5.82	3.46
Other Non Operating Income (Expenses)	-7.41	-1.15	-0.44
EBT Excluding Unusual Items	16.27	-44.86	-69.75
Other Unusual Items	-8.51	3.32	-12.92
Pretax Income	7.76	-41.54	-82.67
Income Tax Expense	0.31	0.03	0.01
Earnings From Continuing Operations	7.45	-41.57	-82.68
Minority Interest in Earnings	-4.54	-	-
Net Income	2.92	-41.57	-82.68
Net Income to Common	2.92	-41.57	-82.68
Shares Outstanding (Basic)	16	10	10
Shares Outstanding (Diluted)	21	10	10
Shares Change (YoY)	110.62%	3.04%	-
EPS (Basic)	0.18	-4.12	-8.45
EPS (Diluted)	0.14	-4.12	-8.45
Free Cash Flow	15.71	-46.78	-59.85
Free Cash Flow Per Share	0.74	-4.64	-6.12
Gross Margin	68.32%	53.03%	24.13%
Operating Margin	5.25%	-30.90%	-96.89%
Profit Margin	0.96%	-27.24%	-115.27%
Free Cash Flow Margin	5.15%	-30.66%	-83.43%
EBITDA	22.93	-40.11	-63.62
EBITDA Margin	7.52%	-26.28%	-88.70%
D&A For EBITDA	6.91	7.04	5.87
EBIT	16.02	-47.15	-69.5
EBIT Margin	5.25%	-30.90%	-96.89%
Effective Tax Rate	3.93%	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q