BillionToOne (BLLN) Research & Development (2024 - 2026)

BillionToOne's (BLLN) quarterly Research & Development came in at $14.7 million in Q1 2026, up 40.86% year-on-year from $10.4 million in Q1 2025, and up 3.1% quarter-over-quarter from $14.2 million in Q4 2025.

BillionToOne (BLLN) Research & Development (2024 - 2026) Analysis & Trends

BillionToOne has disclosed Research & Development across 3 years of filings, most recently posting $14.7 million for Q1 2026.

  • Research & Development for Q1 2026 came in at $14.7 million, up 40.86% year-over-year; the trailing twelve-month figure through Mar 2026 was $52.3 million (changed N/A YoY), and the FY2025 annual result was $49.4 million, up 34.94% from the prior year.
  • Research & Development came in at $14.7 million for Q1 2026 at BillionToOne, up from $14.2 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $14.7 million in Q1 2026 to a low of $9.5 million in Q3 2024.
  • The 3-year median for Research & Development is $12.0 million (2024), against an average of $12.1 million.
  • Across the five-year window, Research & Development increased 29.59% in 2025 and soared 40.86% in 2026, its largest moves.
  • BillionToOne's Research & Development stood at $11.0 million in 2024, then advanced by 29.59% to $14.2 million in 2025, then increased by 3.1% to $14.7 million in 2026.
  • The last three Research & Development figures came in at $14.7 million (Q1 2026), $14.2 million (Q4 2025), and $13.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn 96.00 Mn
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 336.00 Mn
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 387.00 Mn
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 65.79 Mn
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 126.00 Mn
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn -
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn 210.70 Mn
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 240.00 Mn
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 51.28 Mn
10 BillionToOne 4.33 Bn 3.79 Bn 79.10 Mn 14.69 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 14.69 Mn
Dec 31, 2025 14.25 Mn
Sep 30, 2025 12.95 Mn
Mar 31, 2025 10.43 Mn
Dec 31, 2024 11.00 Mn
Sep 30, 2024 9.55 Mn