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 (BLLN) has 3 years of Gross Margin data on file, last reported 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.
The five-year high for Gross Margin was 72.97% in Q1 2026, with the low at 52.62% in Q3 2024.
Average Gross Margin over 3 years is 64.74%, with a median of 67.17% recorded in 2025.
Year-over-year, Gross Margin soared 1732 bps in 2025 and surged 858 bps in 2026.
BillionToOne's Gross Margin stood at 57.06% in 2024, then gained by 25 bps to 71.42% in 2025, then rose by 2 bps to 72.97% in 2026.
Business Quant data shows BLLN's Gross Margin at 72.97% in Q1 2026, 71.42% in Q4 2025, and 69.94% in Q3 2025.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Waters	31,055.11 Bn	31,054.65 Bn	1.11 Bn	87.77%
2	Thermo Fisher Scientific	191.02 Bn	187.77 Bn	7.74 Bn	70.37%
3	Danaher	137.16 Bn	131.47 Bn	3.59 Bn	60.34%
4	Idexx Laboratories	42.82 Bn	42.62 Bn	722.74 Mn	63.35%
5	Natera	39.09 Bn	37.99 Bn	696.04 Mn	99.91%
6	Agilent Technologies	37.61 Bn	35.81 Bn	990.00 Mn	53.95%
7	Iqvia Holdings	34.23 Bn	32.25 Bn	1.36 Bn	32.64%
8	Illumina	28.14 Bn	26.98 Bn	721.00 Mn	66.09%
9	Mettler Toledo International	26.40 Bn	26.33 Bn	555.82 Mn	58.68%
10	BillionToOne	5.62 Bn	5.08 Bn	79.10 Mn	72.97%

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