BillionToOne (BLLN) Operating Expenses (2024 - 2026)
BillionToOne's Operating Expenses was $71.6 million in Q2 2026, up 58.8% from $45.09 million a year earlier and up 16.9% from the prior quarter.
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Analysis
BillionToOne (BLLN) Operating Expenses (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, BillionToOne's Operating Expenses was $239.92 million through Jun 30, 2026, up 54.2% year-over-year; for FY2025, it came in at $192.44 million, up 50.3% from FY2024.
- In earlier years, Operating Expenses was $128.06 million in FY2024 (+47.5%) and $86.8 million in FY2023.
- The Q2 2026 figure marks the highest quarterly Operating Expenses in data going back to Q3 2024.
- Compared with a year earlier, Operating Expenses has increased for four straight quarters, with growth averaging 53.8% over the last four quarters.
- Per Business Quant data, BLLN's Operating Expenses in the three quarters before Q2 2026 was $61.26 million (Q1 2026), $58.27 million (Q4 2025) and $48.78 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 101.22 Bn | 97.23 Bn | - | 17.74 Bn |
| 2 | Natera | 59.70 Bn | 55.38 Bn | 485.19 Mn | 828.54 Mn |
| 3 | Quest Diagnostics | 26.55 Bn | 24.68 Bn | 1.03 Bn | 2.58 Bn |
| 4 | Labcorp Holdings | 26.37 Bn | 24.12 Bn | 1.11 Bn | 582.30 Mn |
| 5 | Guardant Health | 22.61 Bn | 18.67 Bn | 219.03 Mn | 464.10 Mn |
| 6 | Tenet Healthcare | 22.53 Bn | 11.53 Bn | - | - |
| 7 | BrightSpring Health Services | 12.94 Bn | 11.28 Bn | 492.75 Mn | 362.36 Mn |
| 8 | Fresenius Medical Care AG | 12.51 Bn | 4.47 Bn | 1.52 Bn | 901.58 Mn |
| 9 | Tempus AI | 12.12 Bn | 9.15 Bn | 246.50 Mn | 458.40 Mn |
| 10 | BillionToOne | 4.88 Bn | 3.10 Bn | 77.11 Mn | 71.60 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 |
API Access
BillionToOne Operating Expenses 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=operating-expenses&ticker=BLLN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=BLLN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();