BillionToOne (BLLN) Gross Margin (2024 - 2026)

BillionToOne (BLLN) posted Gross Margin of 72.97% for Q1 2026, up 2.17% sequentially from 71.42% in Q4 2025, and up 858.0% YoY from 7.62% in Q1 2025.

BillionToOne (BLLN) Gross Margin (2024 - 2026) Analysis & Trends

BillionToOne has reported Gross Margin for 3 years, with the latest figure at 72.97% in Q1 2026.

Quarterly Gross Margin rose 858.0% year-over-year to 72.97% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 70.36% (changed N/A YoY) and the FY2025 annual result came in at 68.32%, up 1529.0% from the prior year.
Gross Margin grew to 72.97% in Q1 2026 per BLLN's latest filing, from 71.42% in the prior quarter.
Over five years, Gross Margin peaked at 72.97% in Q1 2026 and troughed at 52.62% in Q3 2024.
A 3-year average of 64.74% and a median of 67.17% in 2025 frame the typical range for Gross Margin.
The sharpest annual moves came in 2025 and 2026: Gross Margin jumped 1732 bps in 2025, then soared 858 bps in 2026.
Over 3 years, Gross Margin stood at 57.06% in 2024, then rose by 25 bps to 71.42% in 2025, then increased by 2 bps to 72.97% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 72.97%, 71.42%, and 69.94% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Thermo Fisher Scientific	234.15 Bn	230.09 Bn	8.34 Bn	69.57%
2	Danaher	152.10 Bn	147.75 Bn	3.61 Bn	57.64%
3	Natera	48.48 Bn	47.38 Bn	486.15 Mn	64.58%
4	Agilent Technologies	44.35 Bn	42.55 Bn	990.00 Mn	53.95%
5	Iqvia Holdings	43.68 Bn	41.60 Bn	1.44 Bn	32.85%
6	Idexx Laboratories	43.02 Bn	42.83 Bn	779.09 Mn	64.04%
7	Illumina	34.39 Bn	33.22 Bn	770.00 Mn	66.44%
8	Mettler Toledo International	28.29 Bn	28.24 Bn	650.22 Mn	63.29%
9	Labcorp Holdings	27.51 Bn	27.37 Bn	1.11 Bn	29.80%
10	BillionToOne	4.42 Bn	3.87 Bn	77.11 Mn	70.45%

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