BillionToOne (BLLN) Operating Expenses (2024 - 2026)
BillionToOne's (BLLN) quarterly Operating Expenses came in at $71.6 million in Q2 2026, up 58.79% year-over-year from $45.1 million in Q2 2025, and up 16.88% quarter-over-quarter from $61.3 million in Q1 2026.
Analysis
BillionToOne (BLLN) Operating Expenses (2024 - 2026) Analysis & Trends
BillionToOne has disclosed Operating Expenses across 3 years of filings, most recently posting $71.6 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 58.79% year-over-year to $71.6 million; the TTM figure through Jun 2026 stood at $239.9 million (up 54.15% YoY), while the FY2025 annual figure was $192.4 million, up 50.27% from the prior year.
- Operating Expenses came in at $71.6 million for Q2 2026 at BillionToOne, up from $61.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $71.6 million in Q2 2026 to a low of $32.8 million in Q3 2024.
- Average Operating Expenses over 3 years is $49.4 million, with a median of $46.9 million recorded in 2025.
- Year-over-year, Operating Expenses soared 48.51% in 2025 and surged 58.79% in 2026.
- Over 3 years, Operating Expenses stood at $37.4 million in 2024, then surged by 55.76% to $58.3 million in 2025, then increased by 22.88% to $71.6 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $71.6 million in Q2 2026, $61.3 million in Q1 2026, and $58.3 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 49.39 Bn | 48.29 Bn | 486.15 Mn | 828.54 Mn |
| 2 | Quest Diagnostics | 27.49 Bn | 26.86 Bn | 1.03 Bn | 2.58 Bn |
| 3 | Labcorp Holdings | 26.51 Bn | 26.37 Bn | 1.11 Bn | 582.30 Mn |
| 4 | Guardant Health | 23.17 Bn | 22.12 Bn | 219.03 Mn | 464.10 Mn |
| 5 | Tempus AI | 12.59 Bn | 11.77 Bn | 274.25 Mn | 458.40 Mn |
| 6 | Caris Life Sciences | 8.01 Bn | 7.22 Bn | 182.38 Mn | 236.79 Mn |
| 7 | Sotera Health | 5.53 Bn | 5.17 Bn | 177.96 Mn | 68.16 Mn |
| 8 | BillionToOne | 4.80 Bn | 4.25 Bn | 77.11 Mn | 71.60 Mn |
| 9 | Adaptive Biotechnologies | 4.40 Bn | 4.05 Bn | 51.39 Mn | 87.32 Mn |
| 10 | iRhythm Holdings | 3.68 Bn | 3.08 Bn | 163.21 Mn | 165.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 71.60 Mn |
| Mar 31, 2026 | 61.26 Mn |
| Dec 31, 2025 | 58.27 Mn |
| Sep 30, 2025 | 48.78 Mn |
| Jun 30, 2025 | 45.09 Mn |
| Mar 31, 2025 | 40.29 Mn |
| Dec 31, 2024 | 37.41 Mn |
| Sep 30, 2024 | 32.85 Mn |