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	213.40 Bn	209.33 Bn	8.34 Bn	69.57%
2	Danaher	139.94 Bn	135.59 Bn	3.61 Bn	57.64%
3	Idexx Laboratories	46.03 Bn	45.83 Bn	779.09 Mn	64.04%
4	Agilent Technologies	39.69 Bn	37.88 Bn	990.00 Mn	53.95%
5	Iqvia Holdings	39.32 Bn	37.24 Bn	1.44 Bn	32.85%
6	Natera	38.47 Bn	37.37 Bn	696.04 Mn	99.91%
7	Illumina	29.98 Bn	28.82 Bn	770.00 Mn	66.44%
8	Mettler Toledo International	28.57 Bn	28.52 Bn	650.22 Mn	63.29%
9	Quest Diagnostics	26.21 Bn	25.58 Bn	1.03 Bn	33.75%
10	BillionToOne	6.82 Bn	6.28 Bn	79.10 Mn	72.97%

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