10x Insights
Loading account…
Companies / Health Care / BillionToOne, Inc.
BLLN

BillionToOne, Inc.

Health CareHealth Services
Ticker BLLNMENLO PARK, CAFiscal year ends DecemberBook value per share $10.54Diluted shares 53.7M

BillionToOne, Inc. (Nasdaq: BLLN) develops and sells molecular diagnostic tests using a proprietary single-molecule next-generation sequencing platform to analyze cell-free DNA from blood samples. Its prenatal UNITY portfolio provides screening for recessive genetic conditions, chromosomal abnormalities and fetal… From the company’s description.

In fiscal 2025, BillionToOne, Inc. reported revenue of $305.11M and net income of $7.45M. Its operating margin was 5.3%, and operations generated $24.59M in cash. Over the twelve months to Sep 30, 2026, revenue was $436.87M.

Fiscal year 2025 · ends 12-31The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$305.11MFY2025
Last 12 mo $436.87M
5.25%FY2025
Last 12 mo 10.23%
$7.45MFY2025
Last 12 mo $49.39M
1.55%FY2025
Last 12 mo 8.72%
Cash & financing
$24.59MFY2025
Last 12 mo $47.91M
$15.71MFY2025
Last 12 mo $33.90M
0.12FY2025
Last 12 mo 0.16
21.2MFY2025
Last 12 mo 53.7M

Dotted labels explain each measure. is shown separately from the annual figures.

What BillionToOne, Inc. does

In the company’s own words

BillionToOne, Inc. (Nasdaq: BLLN) develops and sells molecular diagnostic tests using a proprietary single-molecule next-generation sequencing platform to analyze cell-free DNA from blood samples. Its prenatal UNITY portfolio provides screening for recessive genetic conditions, chromosomal abnormalities and fetal blood-cell antigens, using a maternal blood draw without requiring a paternal sample for fetal risk assessment. Its oncology portfolio serves patients with advanced solid tumors and their clinicians: Northstar Select profiles cancer-related genetic alterations to inform therapy selection, while Northstar Response measures cancer-associated DNA methylation to monitor tumor burden and treatment response. Additional Northstar applications address chemotherapy safety and clonal hematopoiesis. The company’s platform combines synthetic Quantitative Counting Templates with machine-learning and bioinformatics methods to quantify DNA targets. BillionToOne launched UNITY in 2019 and entered oncology in 2023; its tests are used by obstetric providers, oncologists and other healthcare customers. In 2025, more than 95% of oncologists who ordered its tests used both Northstar Select and Northstar Response.

Company details
Sector
Health Care
Industry (SIC)
Health Services
Headquarters
MENLO PARK, CA
Fiscal year end
December
CIK
2070849
SIC
8071

Financial performance, year by year

Fiscal 2025–2025 · USD
$-43.69M$87.37M$218.44M$349.50M$480.56M2025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns BillionToOne, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

91
funds hold it
1 of 35
superinvestors hold it
$662.90M
held by funds, at market
13.2%
of shares held by funds

Superinvestors in BillionToOne, Inc. · what they did last quarter

Polen CapitalNEW
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · BillionToOne, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.03%of fund net assets
T. Rowe Price Health Sciences Fund, Inc.
PRHSX · T. ROWE PRICE HEALTH SCIENCES FUND, INC.
0.38%of fund net assets
BARON DISCOVERY FUND
BDFFX · BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)
1.88%of fund net assets
FULLERTHALER BEHAVIORAL SMALL-CAP GROWTH
FTXNX · Capitol Series Trust
0.53%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do BillionToOne, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of BillionToOne, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in BillionToOne, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.