BillionToOne Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-11.09	-41.57	-82.68
Depreciation & Amortization	11.94	11.69	6.46
Other Amortization	-	0.79	0.54
Loss (Gain) From Sale of Assets	0.12	0.13	-
Stock-Based Compensation	11.89	8.36	4.85
Other Operating Activities	6.43	-4.01	13.36
Change in Accounts Receivable	-11.82	-15.62	-2.59
Change in Inventory	-9.55	-1.54	-1.41
Change in Accounts Payable	1.7	0.88	0.15
Change in Unearned Revenue	-0.29	-0.22	3.02
Change in Other Net Operating Assets	6.05	-0.27	4.62
Operating Cash Flow	5.38	-41.38	-53.67
Capital Expenditures	-9.42	-5.4	-6.17
Investment in Securities	-	-	90
Investing Cash Flow	-9.45	-5.43	82.84
Short-Term Debt Issued	-	-	0.05
Long-Term Debt Issued	-	49.78	15
Total Debt Issued	-	49.78	15.05
Long-Term Debt Repaid	-	-37.38	-2.09
Net Debt Issued (Repaid)	-2.04	12.4	12.96
Issuance of Common Stock	1.48	1.08	0.44
Repurchase of Common Stock	-	-0.55	-
Other Financing Activities	-2.52	-1.92	-
Financing Cash Flow	-3.07	141.02	13.41
Net Cash Flow	-7.14	94.21	42.57
Free Cash Flow	-4.04	-46.78	-59.85
Free Cash Flow Margin	-1.59%	-30.66%	-83.43%
Free Cash Flow Per Share	-0.39	-4.64	-6.12
Cash Interest Paid	4.7	3.92	2.58
Cash Income Tax Paid	0.46	0.01	-
Levered Free Cash Flow	-	-24.52	-
Unlevered Free Cash Flow	-	-23.82	-
Change in Working Capital	-13.91	-16.77	3.79

Updated Oct 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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