BillionToOne (BLLN) Gross Margin (2024 - 2026)

BillionToOne's (BLLN) quarterly Gross Margin came in at 72.97% in Q1 2026, up 858.0% year-on-year from 7.62% in Q1 2025, and up 2.17% quarter-over-quarter from 71.42% in Q4 2025.

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

BillionToOne has disclosed Gross Margin across 3 years of filings, most recently posting 72.97% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 72.97%, up 858.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 70.36% (changed N/A YoY), and the FY2025 annual result was 68.32%, up 1529.0% from the prior year.
  • Gross Margin came in at 72.97% for Q1 2026 at BillionToOne, up from 71.42% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 72.97% in Q1 2026 to a low of 52.62% in Q3 2024.
  • The 3-year median for Gross Margin is 67.17% (2025), against an average of 64.74%.
  • Across the five-year window, Gross Margin surged 1732 bps in 2025 and jumped 858 bps in 2026, its largest moves.
  • BillionToOne's Gross Margin stood at 57.06% in 2024, then grew by 25 bps to 71.42% in 2025, then climbed by 2 bps to 72.97% in 2026.
  • The last three Gross Margin figures came in at 72.97% (Q1 2026), 71.42% (Q4 2025), and 69.94% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Waters 30,529.42 Bn 30,528.96 Bn 1.11 Bn 87.77%
2 Thermo Fisher Scientific 183.75 Bn 180.50 Bn 7.74 Bn 70.37%
3 Danaher 133.13 Bn 127.43 Bn 3.59 Bn 60.34%
4 Idexx Laboratories 46.14 Bn 45.94 Bn 722.74 Mn 63.35%
5 Agilent Technologies 38.20 Bn 36.39 Bn 990.00 Mn 53.95%
6 Natera 31.50 Bn 30.40 Bn 696.04 Mn 99.91%
7 Iqvia Holdings 31.34 Bn 29.36 Bn 1.36 Bn 32.64%
8 Illumina 24.51 Bn 23.36 Bn 721.00 Mn 66.09%
9 Mettler Toledo International 23.53 Bn 23.47 Bn 555.82 Mn 58.68%
10 BillionToOne 4.73 Bn 4.19 Bn 79.10 Mn 72.97%

Historic Data

Download Data
DateValue
Mar 31, 2026 72.97%
Dec 31, 2025 71.42%
Sep 30, 2025 69.94%
Mar 31, 2025 64.40%
Dec 31, 2024 57.06%
Sep 30, 2024 52.62%