BillionToOne (BLLN) Research & Development (2024 - 2026)
BillionToOne's (BLLN) quarterly Research & Development came in at $17.3 million in Q2 2026, up 47.35% year-over-year from $11.8 million in Q2 2025, and up 17.85% quarter-over-quarter from $14.7 million in Q1 2026.
Analysis
BillionToOne (BLLN) Research & Development (2024 - 2026) Analysis & Trends
BillionToOne has disclosed Research & Development across 3 years of filings, most recently posting $17.3 million for Q2 2026.
- In Q2 2026, Research & Development rose 47.35% year-over-year to $17.3 million; the TTM figure through Jun 2026 stood at $59.2 million (up 38.58% YoY), while the FY2025 annual figure was $49.4 million, up 34.94% from the prior year.
- Research & Development came in at $17.3 million for Q2 2026 at BillionToOne, up from $14.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $17.3 million in Q2 2026 to a low of $9.5 million in Q3 2024.
- Average Research & Development over 3 years is $12.7 million, with a median of $12.4 million recorded in 2025.
- Year-over-year, Research & Development rose 29.59% in 2025 and soared 47.35% in 2026.
- Over 3 years, Research & Development stood at $11.0 million in 2024, then advanced by 29.59% to $14.2 million in 2025, then gained by 21.51% to $17.3 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $17.3 million in Q2 2026, $14.7 million in Q1 2026, and $14.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 49.39 Bn | 48.29 Bn | 486.15 Mn | 228.07 Mn |
| 2 | Quest Diagnostics | 27.49 Bn | 26.86 Bn | 1.03 Bn | - |
| 3 | Labcorp Holdings | 26.51 Bn | 26.37 Bn | 1.11 Bn | - |
| 4 | Guardant Health | 23.17 Bn | 22.12 Bn | 219.03 Mn | 189.95 Mn |
| 5 | Tempus AI | 12.59 Bn | 11.77 Bn | 274.25 Mn | 52.64 Mn |
| 6 | Caris Life Sciences | 8.01 Bn | 7.22 Bn | 182.38 Mn | 53.76 Mn |
| 7 | Sotera Health | 5.53 Bn | 5.17 Bn | 177.96 Mn | - |
| 8 | BillionToOne | 4.80 Bn | 4.25 Bn | 77.11 Mn | 17.32 Mn |
| 9 | Adaptive Biotechnologies | 4.40 Bn | 4.05 Bn | 51.39 Mn | 26.41 Mn |
| 10 | iRhythm Holdings | 3.68 Bn | 3.08 Bn | 163.21 Mn | 19.84 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 |