BLLN BillionToOne, Inc. - Class A common stock

NASDAQ · Health Care · View on SEC EDGAR ↗
$80.98
Price · May 20, 2026
Fundamentals as of May 6, 2026
52W Range
$62–$139
25% of range
Analyst Rating
STRONG BUY
14 analysts
Price Target
$118
+45% upside
P/E (TTM)
584.6
ROE
6.5%
Net Profit Margin
2.4%

BLLN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$80.97
Market Cap
$0
P/E (TTM)
584.6
EPS (TTM)
$0.14
Revenue (TTM)
$305M
Div Yield
—
ROE
6.5%
Debt/Equity
0.1
52W Range
$62 – $139

BLLN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $305M
3-point trend, +325.4%
2023-12-31 → 2025-12-31
EPS $0.14
3-point trend, +101.7%
2023-12-31 → 2025-12-31
Free Cash Flow $16M
2025-12-31 → 2025-12-31
Margins 2.4%
2025-12-31 → 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
BLLN
Peer Median
P/E (TTM)
584.6
92.0
P/S (TTM)
0.0
2.1
EV / EBITDA
-19.1
—
Price / FCF
0.0
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
BLLN
Peer Median
Gross Margin
68.3%
20.2%
Operating Margin
5.2%
—
Net Profit Margin
2.4%
1.2%
ROA
1.6%
1.1%
ROE
6.5%
2.3%
ROIC
2.9%
—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
BLLN
Peer Median
Debt / Equity
0.1
18.1
Current Ratio
11.7
1.6
Quick Ratio
11.2
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
BLLN
Peer Median
Revenue YoY
3-point trend, +325.4%
100.0%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
BLLN
Peer Median
EPS (Diluted)
3-point trend, +101.7%
$0.14
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
BLLN
Peer Median

BLLN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 14 analysts
  • Strong Buy 6 42.9%
  • Buy 5 35.7%
  • Hold 3 21.4%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

7 analysts · 2026-05-18
Median target $120.00 +48.2%
Mean target $117.71 +45.4%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.03%
Period EPS Actual EPS Est Surprise
March 31, 2026 $0.34 $0.05 0.29%
Dec. 31, 2025 $0.11 $0.09 0.02%
Sept. 30, 2025 $0.10 $0.52 -0.42%

Peer Comparison Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
BLLN $0 584.6 100.0% 2.4% 6.5% 68.3%
CHE — 23.3 4.1% 10.5% 24.4% —
HIMS — 63.7 59.0% 5.5% 23.3% 73.8%
RDNT $5.28B -285.4 11.5% -0.91% -1.9% —
HNGE $0 -6.0 50.6% -89.9% -299.8% 79.7%
OPCH $5.00B 25.1 13.0% 3.7% 15.4% 19.3%
CRVL $5.75B 61.2 12.6% 10.6% 30.6% 23.4%
LFST $2.73B — 13.9% 0.68% 0.65% —
PRVA $2.93B 131.7 22.3% 1.1% 3.3% —
GRDN — — 17.9% 3.4% 24.8% 20.2%
CVS $100.87B 57.1 7.8% 0.44% 2.4% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 17
Annual Income Statement data for BLLN
Metric Trend 202520242023
Revenue 3-point trend, +325.4% $305M $153M $72M
Cost of Revenue 3-point trend, +77.6% $97M $72M $54M
Gross Profit 3-point trend, +1104.4% $208M $81M $17M
R&D Expense 3-point trend, +120.3% $49M $37M $22M
SG&A Expense 3-point trend, +122.2% $143M $91M $64M
Operating Expenses 3-point trend, +121.7% $192M $128M $87M
Operating Income 3-point trend, +123.1% $16M $-47M $-69M
Interest Income 3-point trend, +124.2% $8M $6M $3M
Other Non-op 3-point trend, -1576.5% $-7M $-1M $-442.0K
Pretax Income 3-point trend, +109.4% $8M $-42M $-83M
Income Tax 3-point trend, +3288.9% $305.0K $29.0K $9.0K
Net Income 3-point trend, +109.0% $7M $-42M $-83M
EPS (Basic) 3-point trend, +102.1% $0.18 $-4.12 $-8.45
EPS (Diluted) 3-point trend, +101.7% $0.14 $-4.12 $-8.45
Shares (Basic) 3-point trend, +62.3% 15,875,091 10,079,925 9,782,770
Shares (Diluted) 3-point trend, +117.0% 21,230,752 10,079,925 9,782,770
EBITDA $23M · ·
Balance Sheet 24
Annual Balance Sheet data for BLLN
Metric Trend 202520242023
Cash & Equivalents 2-point trend, +159.0% $496M $191M ·
Receivables 2-point trend, +68.4% $42M $25M ·
Inventory 2-point trend, +100.9% $18M $9M ·
Prepaid Expense 2-point trend, +87.1% $5M $3M ·
Current Assets 2-point trend, +146.1% $561M $228M ·
PP&E (Net) 2-point trend, +19.0% $20M $17M ·
PP&E (Gross) 2-point trend, +27.3% $44M $34M ·
Accum. Depreciation 2-point trend, +35.7% $23M $17M ·
Other Non-current Assets 2-point trend, -7.4% $5M $5M ·
Total Assets 2-point trend, +109.4% $633M $302M ·
Accounts Payable 2-point trend, +66.9% $7M $4M ·
Current Liabilities 2-point trend, +69.0% $48M $28M ·
Capital Leases 2-point trend, -10.0% $46M $51M ·
Other Non-current Liabilities 2-point trend, -100.0% $0 $3M ·
Total Liabilities 2-point trend, +13.6% $153M $134M ·
Long-term Debt 2-point trend, +11.2% $57M $51M ·
Total Debt $57M · ·
Common Stock Flat — no change across 2 periods $0 $0 ·
Paid-in Capital 2-point trend, +2377.1% $757M $31M ·
Retained Earnings 2-point trend, +2.6% $-275M $-282M ·
AOCI 2-point trend, -1792000.00 $-2M $0 ·
Stockholders' Equity 3-point trend, +319.2% $480M $-252M $-219M
Liabilities + Equity 2-point trend, +109.4% $633M $302M ·
Shares Outstanding 3-point trend, +333.3% 45,804,755 10,925,950 10,572,061
Cash Flow 13
Annual Cash Flow data for BLLN
Metric Trend 202520242023
D&A 3-point trend, +16.9% $7M $7M $6M
Stock-based Comp 3-point trend, +227.9% $16M $8M $5M
Deferred Tax Flat — no change across 3 periods $0 $0 $0
Other Non-cash $-6M · ·
Operating Cash Flow 3-point trend, +145.8% $25M $-41M $-54M
CapEx 3-point trend, +43.8% $9M $5M $6M
Investing Cash Flow 3-point trend, -110.8% $-9M $-5M $83M
Stock Repurchased 3-point trend, +0.00 $0 $546.0K $0
Net Stock Activity $0 · ·
Financing Cash Flow 3-point trend, +2054.6% $289M $141M $13M
Net Change in Cash 3-point trend, +615.3% $304M $94M $43M
Taxes Paid 3-point trend, +487000.00 $487.0K $9.0K $0
Free Cash Flow $16M · ·
Profitability 8
Annual Profitability data for BLLN
Metric Trend 202520242023
Gross Margin 68.3% · ·
Operating Margin 5.2% · ·
Net Margin 2.4% · ·
Pretax Margin 2.5% · ·
EBITDA Margin 7.5% · ·
ROA 1.6% · ·
ROE 6.5% · ·
ROIC 2.9% · ·
Liquidity & Solvency 4
Annual Liquidity & Solvency data for BLLN
Metric Trend 202520242023
Current Ratio 11.7 · ·
Quick Ratio 11.2 · ·
Debt / Equity 0.1 · ·
LT Debt / Equity 0.1 · ·
Efficiency 3
Annual Efficiency data for BLLN
Metric Trend 202520242023
Asset Turnover 0.7 · ·
Inventory Turnover 7.4 · ·
Receivables Turnover 9.2 · ·
Per Share 3
Annual Per Share data for BLLN
Metric Trend 202520242023
Revenue / Share $14.37 · ·
Cash Flow / Share $1.16 · ·
EPS (TTM) $0.14 · ·
Growth Rates 1
Annual Growth Rates data for BLLN
Metric Trend 202520242023
Revenue YoY 2-point trend, -11.3% 100.0% 112.7% ·
Valuation (TTM) 13
Annual Valuation (TTM) data for BLLN
Metric Trend 202520242023
Revenue TTM $305M · ·
Net Income TTM $7M · ·
Market Cap $0 · ·
Enterprise Value $-439M · ·
P/E 584.6 · ·
P/S 0.0 · ·
P / Tangible Book 0.0 · ·
P / Cash Flow 0.0 · ·
P / FCF 0.0 · ·
EV / EBITDA -19.1 · ·
EV / FCF -27.9 · ·
EV / Revenue -1.4 · ·
Earnings Yield 0.17% · ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-31
Revenue $305M$153M$72M
Gross Margin % 68.3%——
Operating Margin % 5.2%——
Net Income $7M$-42M$-83M
Diluted EPS $0.14$-4.12$-8.45
Balance Sheet
2025-12-312024-12-312023-12-31
Debt / Equity 0.1——
Current Ratio 11.7——
Quick Ratio 11.2——
Cash Flow
2025-12-312024-12-312023-12-31
Free Cash Flow $16M——

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