BillionToOne, Inc.

BLLN Healthcare Diagnostics & Research

BillionToOne, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $305.1 million, up 100.0% from fiscal 2024.

Revenue
+47.2%
EPS
+164.3%
Free cash flow
+9.25%
Total debt
+60.6%

Quarter to September 2026, against a year earlier

111.16 1.23 −1.09%
Market cap
$5.3B
P/E
88.7×
Fwd P/E
146×
Dividend yield
—
F-score
n/a
Altman Z
6.04
Beneish M
−2.03
Dividend safety
n/a

BillionToOne, Inc. (BLLN) Operating margin

Alert me on Operating margin

BillionToOne, Inc.'s operating margin over the twelve months to 30 September 2026 was 10.2%, up 5.0 percentage points from fiscal 2025 (5.25%). That is above the Diagnostics & Research industry median of −5.68% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 5.25% 36.15
FY2024 −30.9% 65.99
FY2023 −96.9% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 8.96% 3.93
Jun 2026 5.03% (11.42)
Mar 2026 16.5% 5.69
Dec 2025 10.8% (0.77)
4 more quarters

Operating margin against peers

Company Operating margin
SHC Sotera Health Company compare 32.7%
CDNA CareDx, Inc. compare 23.4%
QGEN QIAGEN N.V. compare 21.2%
VCYT Veracyte, Inc. compare 17.1%
BLLN BillionToOne, Inc. 10.2%
RDNT RadNet, Inc. compare 3.12%
NEO NeoGenomics, Inc. compare −6.27%
ADPT Adaptive Biotechnologies Corporation compare −16.2%
GRAL GRAIL, Inc. compare −347.3%
Diagnostics & Research industry median −5.68%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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