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BillionToOne (BLLN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

BillionToOne
NasdaqGS•Healthcare•Diagnostics & Research
$103.61-0.66(-0.01%)Pre-market
Market Cap
$4.81B
P/E
143.6x
P/S
9.2x
P/B
9.0x

BillionToOne, Inc., a precision diagnostics company, quantifies biology to create molecular diagnostics. The company provides molecular counting platform, which is designed to detect and measure DNA molecules at the single-count level to help enhance disease detection. It also offers UNITY Complete, a non-invasive prenatal screen that assesses fetal risk for aneuploidies, recessive conditions, and fetal antigens from a maternal blood draw; Northstar Select, a liquid biopsy test that provides a list of mutations that are present in the tumor and types of mutations detected that include deletions, insertions, and point mutations; and Northstar Response, a methylation-based assay that quantifies the amount of cancer at the single molecule level without requiring a tissue biopsy, enabling real-time monitoring of patient response to therapy with unprecedented precision. BillionToOne, Inc. was incorporated in 2016 and is headquartered in Menlo Park, California.

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How this company scores

AverageMetricSide Score: 59/100

Strongest: Balance Sheet & Red Flags (23/25); weakest: Growth (11/25).

Profitability11/25
Growth11/25
Balance Sheet & Red Flags23/25
Cash & Earnings Quality14/25
Strengths
Low leverageInterest easily coveredNet cash positionNo share dilution

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 143.6x5y range 143.6x – 143.6x
P/E 143.6x
P/S · 9.2x5y range 9.2x – 9.2x
P/S 9.2x
P/B · 9.0x5y range 6.4x – 9.0x
P/B 9.0x
Price & Volume
Market Cap $4.81B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$522.95M
Q. Revenue
$109.45M
TTM EBITDA
$49.83M
TTM Op. Income
$39.36M
Q. Op. Income
$5.50M
TTM Net Income
$33.48M
Q. Net Income
$8.05M
EPS
$0.17
Shares Out.
$46.40M

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
70.5%
EBITDA Margin
6.7%
Op. Margin
5.0%
Net Margin
7.4%

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
143.6x
P/S Ratio
9.2x
P/B Ratio
9.0x
At 143.6x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 9.2x and P/B of 9.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$729.70M
3Q
Cash
$548.63M
3Q
Long-Term Debt
$91.03M
3Q
Book Value
$536.81M
3Q
D/E Ratio
0.2
Debt/EBITDA
12.4
With $729.70M in assets and $91.03M in long-term debt, D/E is 0.2and book value is $536.81M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 0% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$9.14M
TTM Free Cash Flow
$31.76M
FCF Margin
6.1%
FCF / Net Income
0.9
TTM FCF of $31.76M on $9.14M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 0% — an improving trend.

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