BillionToOne, Inc.
For the period ended Sep 30, 2025. Filed Dec 10, 2025.
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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, 2025 · Filed Dec 10, 2025
BLLN$114.95+0.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
(in thousands, unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $1,477 | $(30,093) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Stock-based compensation | 9,581 | 6,055 |
| Depreciation and amortization | 5,232 | 5,241 |
| Amortization of debt issuance costs and accretion of exit fees | - | 341 |
| Debt issuance costs on term loan expensed upon election of fair value option | - | 453 |
| Amortization of operating right-of-use assets | 3,715 | 3,452 |
| Loss on disposal of fixed assets | 7 | 11 |
| Change in fair value of common stock warrant liability | 1,409 | 500 |
| Change in fair value of redeemable convertible preferred stock warrant liability | 176 | 49 |
| Net gain on extinguishment of debt | - | (7,289) |
| Change in fair value of convertible notes | - | 835 |
| Change in fair value of term loan | 3,505 | 1,650 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (9,937) | (13,741) |
| Inventories | (8,656) | (644) |
| Prepaid expenses and other current assets | (1,727) | (879) |
| Other non-current assets | (62) | (3,110) |
| Accounts payable | 3,047 | 2,223 |
| Accrued expenses and other current liabilities | 3,972 | 882 |
| Accrued commissions | 166 | 642 |
| Accrued compensation and employee benefits | 5,268 | 3,306 |
| Deferred revenue | (123) | (49) |
| Operating lease liabilities | (3,247) | (2,787) |
| Net cash provided by (used in) operating activities | 13,803 | (32,952) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (7,344) | (3,328) |
| Net cash used in investing activities | (7,344) | (3,328) |
Statements of Cash Flows
(in thousands, unaudited)
| Nine Months Ended September 30, | ||||
|---|---|---|---|---|
| 2025 · 2024 | ||||
| Cash flows from financing activities: | ||||
| Proceeds from issuance of debt, net | - | 49,775 | ||
| Repayment of debt upon extinguishment | - | (35,000) | ||
| Payment of exit fee and prepayment payable upon debt extinguishment | - | (1,688) | ||
| Principal payments on finance lease liabilities | (1,449) | (1,785) | ||
| Repurchase of common stock outstanding | - | (546) | ||
| Payment of debt issuance costs on term loan | - | (228) | ||
| Payment of deferred offering costs | (2,516) | - | ||
| Proceeds from exercise of stock options, net of repurchases | 1,181 | 781 | ||
| Proceeds from issuance of Series D redeemable convertible preferred stock, net of issuance costs | - | 129,996 | ||
| Net cash (used in) provided by financing activities | (2,784) | 141,305 | ||
| Net increase in cash and cash equivalents | 3,675 | 105,025 | ||
| Cash and cash equivalents at beginning of period | 191,477 | 97,268 | ||
| Cash and cash equivalents at end of period | $195,152 | $202,293 | ||
| Supplemental cash flow disclosure: | ||||
| Cash payments for interest | $3,626 | $2,845 | ||
| Cash paid for income taxes | $460 | $9 | ||
| Supplemental non-cash investing and financing activities: | ||||
| Purchases of property and equipment in accounts payable and accrued expenses and other current liabilities | $500 | $214 | ||
| Issuance of Series C-1 redeemable convertible preferred stock upon settlement of convertible notes | $ | - | $39,886 | |
| Deferred offering costs in accounts payable and accrued expenses and other current liabilities | $1,144 | $ | - | |
| Cash paid for amounts included in the measurement of operating lease liabilities | $6,594 | $6,374 | ||
| Right-of-use assets obtained in exchange for new finance lease liabilities | $ | - | $214 | |
| Operating cash flows from financing leases (interest paid) | $89 | $196 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.