BillionToOne (BLLN) Research & Development (2024 - 2026)
BillionToOne (BLLN) recorded Research & Development of $17.32 million in Q2 2026, up 47.3% from $11.75 million a year earlier and up 17.9% 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 $59.21 million as of Jun 30, 2026, up 38.6% 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 Q2 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 four consecutive quarters, with growth averaging 38.4% over the last four quarters.
- Per Business Quant, the preceding three quarters came in at $14.69 million (Q1 2026), $14.25 million (Q4 2025) and $12.95 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 101.22 Bn | 97.23 Bn | - | - |
| 2 | Natera | 59.29 Bn | 54.98 Bn | 485.19 Mn | 228.07 Mn |
| 3 | Quest Diagnostics | 26.56 Bn | 24.69 Bn | 1.03 Bn | - |
| 4 | Labcorp Holdings | 26.41 Bn | 24.16 Bn | 1.11 Bn | - |
| 5 | Tenet Healthcare | 22.49 Bn | 11.49 Bn | - | - |
| 6 | Guardant Health | 22.12 Bn | 18.19 Bn | 219.03 Mn | 96.53 Mn |
| 7 | BrightSpring Health Services | 12.91 Bn | 11.24 Bn | 492.75 Mn | - |
| 8 | Fresenius Medical Care AG | 12.56 Bn | 4.51 Bn | 1.52 Bn | 46.06 Mn |
| 9 | Tempus AI | 12.17 Bn | 9.20 Bn | 246.50 Mn | 52.64 Mn |
| 10 | BillionToOne | 4.88 Bn | 3.10 Bn | 77.11 Mn | 17.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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();