BillionToOne (BLLN) Research & Development (2024 - 2026)
BillionToOne (BLLN) recorded Research & Development of $20.22 million in Q3 2026, up 56.1% from $12.95 million a year earlier and up 16.8% from the prior quarter.
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Analysis
BillionToOne (BLLN) Research & Development (2024 - 2026) Analysis & Trends
On a TTM basis, BillionToOne's Research & Development came in at $66.47 million as of Sep 30, 2026, up 44.1% year-over-year; for FY2025, it came in at $49.38 million, up 34.9% from FY2024.
- Across earlier years, Research & Development came in at $36.6 million in FY2024 (+63.3%) and $22.41 million in FY2023.
- The Q3 2026 figure is the highest quarterly Research & Development in data going back to Q3 2024.
- On a year-over-year basis, Research & Development has increased for five consecutive quarters, with growth averaging 41.9% over the last five quarters.
- Per Business Quant, the preceding three quarters came in at $17.32 million (Q2 2026), $14.69 million (Q1 2026) and $14.25 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 105.29 Bn | 103.13 Bn | 17.03 Bn | - |
| 2 | Natera | 46.06 Bn | 41.68 Bn | 513.47 Mn | 242.43 Mn |
| 3 | Labcorp Holdings | 30.09 Bn | 28.19 Bn | 1.11 Bn | - |
| 4 | Quest Diagnostics | 28.58 Bn | 26.66 Bn | 1.04 Bn | - |
| 5 | Guardant Health | 20.44 Bn | 16.05 Bn | 236.15 Mn | 100.84 Mn |
| 6 | BrightSpring Health Services | 14.16 Bn | 11.04 Bn | 518.55 Mn | - |
| 7 | Encompass Health | 13.83 Bn | 14.29 Bn | 1.54 Bn | - |
| 8 | Tempus AI | 12.69 Bn | 9.84 Bn | 266.70 Mn | 46.00 Mn |
| 9 | Davita | 11.06 Bn | 9.92 Bn | 1.13 Bn | - |
| 10 | BillionToOne | 5.01 Bn | 2.86 Bn | 87.15 Mn | 20.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.22 Mn |
| Jun 30, 2026 | 17.32 Mn |
| Mar 31, 2026 | 14.69 Mn |
| Dec 31, 2025 | 14.25 Mn |
| Sep 30, 2025 | 12.95 Mn |
| Jun 30, 2025 | 11.75 Mn |
| Mar 31, 2025 | 10.43 Mn |
| Dec 31, 2024 | 11.00 Mn |
| Sep 30, 2024 | 9.55 Mn |
API Access
BillionToOne Research & Development 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=research-and-development&ticker=BLLN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=BLLN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();