BillionToOne, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
BLLN$114.95+0.9%Stored close · as of Nov 9, 2026
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Statements of Cash Flows
(in thousands, unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $43,415 | $1,477 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Stock-based compensation | 24,430 | 9,581 |
| Depreciation and amortization | 5,540 | 5,232 |
| Amortization of operating right-of-use assets | 4,432 | 3,715 |
| Loss on disposal of fixed assets | 82 | 7 |
| Change in fair value of common stock warrant liability | (62) | 1,409 |
| Change in fair value of redeemable convertible preferred stock warrant liability | - | 176 |
| Change in fair value of term loan | 687 | 3,505 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (46,666) | (9,937) |
| Inventories | (4,346) | (8,656) |
| Prepaid expenses and other current assets | (4,903) | (1,727) |
| Other non-current assets | (320) | (62) |
| Accounts payable | 4,025 | 3,047 |
| Accrued expenses and other current liabilities | 7,871 | 3,972 |
| Accrued commissions | (447) | 166 |
| Accrued compensation and employee benefits | 8,727 | 5,268 |
| Deferred revenue | (1,566) | (123) |
| Operating lease liabilities | (3,786) | (3,247) |
| Net cash provided by operating activities | 37,113 | 13,803 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (12,466) | (7,344) |
| Net cash used in investing activities | (12,466) | (7,344) |
Statements of Cash Flows
(in thousands, unaudited)
| Nine Months Ended September 30, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| Cash flows from financing activities: | ||||
| Proceeds from issuance of debt | 30,000 | - | ||
| Principal payments on finance lease liabilities | (407) | (1,449) | ||
| Payment of deferred offering costs | (504) | (2,516) | ||
| Proceeds from exercise of stock options | 12,236 | 1,181 | ||
| Taxes paid related to net share settlement of equity awards | (435) | - | ||
| Net cash provided by (used in) financing activities | 40,890 | (2,784) | ||
| Net increase in cash and cash equivalents | 65,537 | 3,675 | ||
| Cash and cash equivalents at beginning of period | 495,975 | 191,477 | ||
| Cash and cash equivalents at end of period | $561,512 | $195,152 | ||
| Supplemental cash flow disclosure: | ||||
| Cash payments for interest | $5,084 | $3,626 | ||
| Cash paid for income taxes | $393 | $460 | ||
| Supplemental cash flow information and non-cash investing and financing activities: | ||||
| Purchases of property and equipment in accounts payable and accrued expenses and other current liabilities | $1,970 | $500 | ||
| Deferred offering costs in accounts payable and accrued expenses and other current liabilities | $ | - | $1,144 | |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $4,034 | $ | - | |
| Cash paid for amounts included in the measurement of operating lease liabilities | $7,135 | $6,594 | ||
| Net exercise of Class A common stock warrants | $9,220 | $ | - | |
| Operating cash flows from financing leases (interest paid) | $24 | $89 | ||
| Exercise of stock options for which cash had not been received | $86 | $ | - | |
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