BillionToOne (BLLN) Gross Margin (2024 - 2026)
BillionToOne (BLLN) reported Gross Margin of 70.45% for Q2 2026, up 5.16 percentage points from 65.29% a year earlier but down 2.52 percentage points from the prior quarter.
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Analysis
BillionToOne (BLLN) Gross Margin (2024 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, BillionToOne's Gross Margin came in at 71.27%, up 10.33 percentage points year-over-year; for FY2025, it came in at 68.32%, up 15.29 percentage points from FY2024.
- By year, Gross Margin came in at 53.03% in FY2024 (+28.90 pp) and 24.13% in FY2023.
- Five-year quarterly Gross Margin spans a low of 52.62% in Q3 2024 and a high of 72.97% in Q1 2026.
- Year over year, Gross Margin has now increased in each of the last four quarters, with an average year-over-year change of +11.36 percentage points over the last four quarters.
- Per Business Quant data, the three quarters before Q2 2026 came in at 72.97% (Q1 2026), 71.42% (Q4 2025) and 69.94% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 102.00 Bn | 98.01 Bn | - | - |
| 2 | Natera | 59.81 Bn | 55.49 Bn | 485.19 Mn | 64.46% |
| 3 | Quest Diagnostics | 26.37 Bn | 24.50 Bn | 1.03 Bn | 33.75% |
| 4 | Labcorp Holdings | 26.33 Bn | 24.07 Bn | 1.11 Bn | 29.80% |
| 5 | Tenet Healthcare | 22.63 Bn | 11.64 Bn | - | - |
| 6 | Guardant Health | 22.50 Bn | 18.57 Bn | 219.03 Mn | 65.39% |
| 7 | BrightSpring Health Services | 12.97 Bn | 11.30 Bn | 492.75 Mn | 12.72% |
| 8 | Fresenius Medical Care AG | 12.57 Bn | 4.53 Bn | 1.52 Bn | 26.95% |
| 9 | Tempus AI | 12.18 Bn | 9.21 Bn | 246.50 Mn | 64.45% |
| 10 | BillionToOne | 4.83 Bn | 3.05 Bn | 77.11 Mn | 70.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 70.45% |
| Mar 31, 2026 | 72.97% |
| Dec 31, 2025 | 71.42% |
| Sep 30, 2025 | 69.94% |
| Jun 30, 2025 | 65.29% |
| Mar 31, 2025 | 64.40% |
| Dec 31, 2024 | 57.06% |
| Sep 30, 2024 | 52.62% |
API Access
BillionToOne Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BLLN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BLLN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BLLN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();