BillionToOne (BLLN) Gross Margin (2024 - 2026)
BillionToOne (BLLN) reported Gross Margin of 70.86% for Q3 2026, up 0.92 percentage points from 69.94% a year earlier and up 0.41 percentage points from the prior quarter.
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BillionToOne (BLLN) Gross Margin (2024 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, BillionToOne's Gross Margin came in at 71.41%, up 6.25 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 five quarters, with an average year-over-year change of +9.27 percentage points over the last five quarters.
- Per Business Quant data, the three quarters before Q3 2026 came in at 70.45% (Q2 2026), 72.97% (Q1 2026) and 71.42% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 105.29 Bn | 103.13 Bn | 17.03 Bn | 85.78% |
| 2 | Natera | 46.06 Bn | 41.68 Bn | 513.47 Mn | 64.67% |
| 3 | Labcorp Holdings | 30.09 Bn | 28.19 Bn | 1.11 Bn | 29.08% |
| 4 | Quest Diagnostics | 28.58 Bn | 26.66 Bn | 1.04 Bn | 33.65% |
| 5 | Guardant Health | 20.44 Bn | 16.05 Bn | 236.15 Mn | 65.42% |
| 6 | BrightSpring Health Services | 14.16 Bn | 11.04 Bn | 518.55 Mn | 12.31% |
| 7 | Encompass Health | 13.83 Bn | 14.29 Bn | 1.54 Bn | 95.96% |
| 8 | Tempus AI | 12.69 Bn | 9.84 Bn | 266.70 Mn | 64.81% |
| 9 | Davita | 11.06 Bn | 9.92 Bn | 1.13 Bn | 31.50% |
| 10 | BillionToOne | 5.01 Bn | 2.86 Bn | 87.15 Mn | 70.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 70.86% |
| 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();