BLLN

BillionToOne, Inc.

Fundamental data last updated:October 24, 2026

We may earn a commission from partner links. This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate.

company profile

SECTOR

Healthcare

industry

Medical - Diagnostics & Research

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

BillionToOne, Inc., a precision diagnostics company, quantifies biology to create molecular diagnostics. The company provides molecular counting platform, which is designed to detect and measure DNA molecules at the single-count level to help enhance disease detection. It offers UNITY Complete, a non-invasive prenatal screen that assesses fetal risk for aneuploidies, recessive conditions, and fetal antigens from a maternal blood draw; Northstar Select, a liquid biopsy test that provides a list of mutations that are present in the tumor and types of mutations detected that include deletions, insertions, and point mutations; and Northstar Response, a test that provides longitudinal determination of cancer burden through methylation assessment. The company was incorporated in 2016 and is headquartered in Menlo Park, California.

 


VALUATION

P/E

178.21

Market Cap ($M USD)

$4.50B

Forward P/E

59.63

PEG

0.30

PRICE TO SALES

12.69

PRICE TO BOOK

8.88

EV / EBITDA

99.50

5-Year Average P/E

Free Cash Flow Yield

0.62%

DCF Value

$2099.03

Graham Number

$11.66

Price to FCF

160.16

EV to FCF

146.16

Earnings Yield

0.56%

FCF Yield

0.62%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.55

Next Year EPS Growth Estimate

$1.64

Next Year Revenue Growth Estimate

$834.00M

Return on Equity (ROE)

7.55%

FREE CASH FLOW

Operating Margin

10.20%

Debt-to-Equity

0.23

Piotroski F-Score

7

Altman Z-Score

13.07

Return on Invested Capital (ROIC)

5.62%

Current Ratio

10.92

Quick Ratio

10.58

Net Debt to EBITDA

-9.53

Interest Coverage

556.49

Gross Profit margin

70.40%

FCF PER SHARE

$0.61

REVENUE PER SHARE

$7.72

Gainseekers Quantitative Analysis

Summary

BLLN’s valuation is a paradox of extremes. Despite a staggering DCF value that dwarfs its recent trading price, the market seems to be pricing in a future of explosive growth, as evidenced by its lofty Forward P/E of 56.68. The Altman Z-score of 13.42 signals robust financial health, suggesting minimal bankruptcy risk. However, the earnings yield of just 0.59% raises questions about immediate returns. The market’s optimism hinges on future execution, but the current valuation metrics suggest a stock priced for perfection.

AI Exposure / Tech Reliance

In the rapidly evolving landscape of medical diagnostics, BLLN is well-positioned to leverage AI advancements. The healthcare sector's increasing reliance on data-driven insights aligns perfectly with BLLN's focus on diagnostics and research. This positioning could enhance their adaptability and innovation in the face of technological shifts.

The Bull Case

For the discerning GARP investor, BLLN offers a compelling narrative of growth and efficiency. With a Piotroski F-Score of 7, the company demonstrates solid financial health, while a ROIC of 5.62% underscores its ability to generate returns on invested capital. The operating margin of 10.20% and a gross profit margin of 70.40% highlight strong pricing power. Despite a modest FCF yield, the company's capital efficiency and growth prospects make it an attractive buy.

The Bear Case

Yet, the stock is not without its pitfalls. The Price/Book ratio of 8.44 and Price/Sales of 12.06 suggest a valuation stretched to its limits. The EV to EBITDA multiple of 94.10 further underscores this overvaluation. Additionally, the stock's proximity to its 52-week high raises concerns about technical overextension. While the debt profile is safe, the cash flow metrics reveal a company struggling to convert earnings into tangible cash returns.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$128.67

Institutional Ownership %

1-Year Beta

-0.05

Insider Buying % (6 Mo)

Distance to 52-Week High

41.82%

Distance to 52-Week Low

36.65%

EARNINGS SURPRISE %

981.77%

50-DAY SMA

$82.59

200-DAY SMA

$88.01

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.