)

BillionToOne (BLLN) investor relations material
BillionToOne IPO Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Company overview and business model
Operates as a precision diagnostics company leveraging a proprietary single-molecule NGS (smNGS) platform for ultrasensitive molecular diagnostics in prenatal and oncology markets.
Product portfolio includes UNITY prenatal tests (fetal risk, aneuploidy, antigen NIPT) and Northstar oncology tests (therapy selection, response monitoring, MRD in development).
Business model is based on test volume and average selling price (ASP), with revenue primarily from third-party payors and direct sales to clinics.
Focuses on innovation, automation, and AI integration to drive operational efficiency and product differentiation.
Financial performance and metrics
Revenue grew from $8M in 2021 to $152.6M in 2024, with 113% YoY growth in 2024 and 82% YoY growth in H1 2025.
Gross margin improved from 24% in 2023 to 53% in 2024, reaching 65% in H1 2025.
Net loss narrowed from $82.7M in 2023 to $41.6M in 2024, and $4.2M in H1 2025.
Non-GAAP net operating income turned positive in H1 2025 ($1.2M), with EBITDA and adjusted EBITDA also showing improvement.
Cash and cash equivalents were $189M as of June 30, 2025, with a debt facility of up to $140M and $50M drawn.
Use of proceeds and capital allocation
Net proceeds from the IPO will be used for working capital, R&D, technology development, growth initiatives, and general corporate purposes.
May allocate a portion to acquisitions or investments in complementary products, technologies, or businesses.
Management has broad discretion over use of proceeds.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage