BillionToOne (BLLN) Operating Expenses (2024 - 2026)

BillionToOne's (BLLN) quarterly Operating Expenses came in at $61.3 million in Q1 2026, up 52.06% year-on-year from $40.3 million in Q1 2025, and up 5.13% quarter-over-quarter from $58.3 million in Q4 2025.

BillionToOne (BLLN) Operating Expenses (2024 - 2026) Analysis & Trends

BillionToOne has disclosed Operating Expenses across 3 years of filings, most recently posting $61.3 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $61.3 million, up 52.06% year-over-year; the trailing twelve-month figure through Mar 2026 was $208.6 million (changed N/A YoY), and the FY2025 annual result was $192.4 million, up 50.27% from the prior year.
  • Operating Expenses came in at $61.3 million for Q1 2026 at BillionToOne, up from $58.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $61.3 million in Q1 2026 to a low of $32.8 million in Q3 2024.
  • The 3-year median for Operating Expenses is $44.5 million (2025), against an average of $46.5 million.
  • Peak annual rise in Operating Expenses reached 55.76% in 2025, while the deepest fall reached 48.51% in 2025.
  • BillionToOne's Operating Expenses stood at $37.4 million in 2024, then surged by 55.76% to $58.3 million in 2025, then advanced by 5.13% to $61.3 million in 2026.
  • The last three Operating Expenses figures came in at $61.3 million (Q1 2026), $58.3 million (Q4 2025), and $48.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn 1.31 Bn
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 9.14 Bn
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 2.25 Bn
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 360.15 Mn
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 1.44 Bn
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn 553.00 Mn
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn 790.16 Mn
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 512.00 Mn
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 316.87 Mn
10 BillionToOne 4.33 Bn 3.79 Bn 79.10 Mn 61.26 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 61.26 Mn
Dec 31, 2025 58.27 Mn
Sep 30, 2025 48.78 Mn
Mar 31, 2025 40.29 Mn
Dec 31, 2024 37.41 Mn
Sep 30, 2024 32.85 Mn