BillionToOne Reports Strong Q1 2026 Results: 84% Revenue Growth, Swings to Profitability
BLLN sits 29% above its 52-week low of $61.96 on elevated volume (1.9× avg).
Summary
BillionToOne reported robust Q1 2026 financial results, with revenue up 84% year-over-year and a swing to net income, driven by strong test volume growth and improved margins.
Key Events · Earnings and Guidance · BLLN
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Strong Revenue Growth
Total revenue surged 84% year-over-year to $108.4 million for Q1 2026, up from $59.0 million in Q1 2025, driven by a 44% increase in delivered and billable test volumes and a 28% increase in overall average selling price (ASP).
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Achieved Net Profitability
The company swung to a net income of $18.0 million ($0.39 basic EPS, $0.34 diluted EPS) in Q1 2026, compared to a net loss of $4.0 million ($0.39 loss per share) in Q1 2025.
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Significant Margin Expansion
Gross profit increased by 108% to $79.1 million, with gross margin improving to 73% in Q1 2026 from 64% in Q1 2025, primarily due to higher ASPs and operational efficiencies.
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Increased Operating Cash Flow
Net cash provided by operating activities was $15.4 million in Q1 2026, a substantial increase from $2.6 million in Q1 2025.
Analysis · BLLN · Industrial Applications And Services
BillionToOne, Inc. delivered exceptionally strong first-quarter 2026 financial results, demonstrating significant operational leverage and a clear path to sustained profitability. The company achieved substantial revenue growth and a positive net income, a notable turnaround from a net loss in the prior year. This performance is underpinned by increased test volumes, improved average selling prices, and strategic partnerships. While the company continues to address previously disclosed material weaknesses in internal controls, management is actively engaged in remediation efforts. Additionally, several key executives, including the CEO, adopted Rule 10b5-1 trading plans for future stock sales, which are pre-planned and represent a modest portion of the company's market capitalization, but warrant investor awareness.
At the time of this filing, BLLN was trading at $80.00 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $61.96 to $138.70. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.