BillionToOne, Inc. (BLLN) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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BillionToOne, Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $24,566,000.00Net income (loss) → Operating adjustments reconciliation: $1,458,000.00Stock-based compensation → Operating adjustments reconciliation: $14,726,000.00Accrued expenses and other current liabilities → Operating adjustments reconciliation: $6,333,000.00Accounts payable → Operating adjustments reconciliation: $4,866,000.00Accrued compensation and employee benefits → Operating adjustments reconciliation: $4,495,000.00Change in fair value of term loan → Operating adjustments reconciliation: $3,805,000.00Depreciation and amortization → Operating adjustments reconciliation: $3,567,000.00Amortization of operating right-of-use assets → Operating adjustments reconciliation: $2,819,000.00Loss on disposal of fixed assets → Operating adjustments reconciliation: $64,000.00Operating adjustments reconciliation → Accounts receivable: $33,277,000.00Operating adjustments reconciliation → Inventories: $3,590,000.00Operating adjustments reconciliation → Operating lease liabilities: $2,384,000.00Operating adjustments reconciliation → Deferred revenue: $1,150,000.00Operating adjustments reconciliation → Prepaid expenses and other current assets: $1,025,000.00Operating adjustments reconciliation → Other non-current assets: $566,000.00Operating adjustments reconciliation → Accrued commissions: $79,000.00Operating adjustments reconciliation → Change in fair value of common stock warrant liability: $62,000.00Proceeds from issuance of debt → financing reconciliation: $30,000,000.00Proceeds from exercise of stock options → financing reconciliation: $7,412,000.00financing reconciliation → Net cash from financing activities: $36,607,000.00financing reconciliation → Payment of deferred offering costs: $504,000.00financing reconciliation → Principal payments on finance lease liabilities: $301,000.00Net cash used in investing activities → investing reconciliation: $8,520,000.00investing reconciliation → Purchases of property and equipment: $8,520,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $495,975,000.00Net cash from operating activities → Cash sources and uses: $24,566,000.00Net cash from financing activities → Cash sources and uses: $36,607,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $548,628,000.00Cash sources and uses → Net cash used in investing activities: $8,520,000.00Net income (loss): $26,024,000.00Net income (loss)+$26.02 MStock-based compensation: $14,726,000.00Stock-based compensation+$14.73 MDepreciation and amortization: $3,567,000.00Depreciation & amortization+$3.57 MAmortization of operating right-of-use assets: $2,819,000.00Operating lease amortization+$2.82 MLoss on disposal of fixed assets: $64,000.00Asset disposal gain & loss+$64.00 KChange in fair value of common stock warrant liability: -$62,000.00Common warrant fair value−$62.00 KChange in fair value of redeemable convertible preferred stock warrant liability: $0.00Change in fair value of term loan: $3,805,000.00Term loan fair value+$3.81 MInventories: -$3,590,000.00Inventories−$3.59 MPrepaid expenses and other current assets: -$1,025,000.00Prepaid & other assets−$1.03 MOther non-current assets: -$566,000.00Other noncurrent assets−$566.00 KAccounts payable: $4,866,000.00Accounts payable+$4.87 MAccrued expenses and other current liabilities: $6,333,000.00Other payables & accruals+$6.33 MAccrued commissions: -$79,000.00Accrued liabilities−$79.00 KAccrued compensation and employee benefits: $4,495,000.00Accrued compensation+$4.50 MDeferred revenue: -$1,150,000.00Deferred revenue−$1.15 MOperating lease liabilities: -$2,384,000.00Operating lease liabilities−$2.38 MAccounts receivable: -$33,277,000.00Accounts receivable−$33.28 MNet cash from operating activities: $24,566,000.00Operating cash+$24.57 MOperating adjustments reconciliation: $42,133,000.00Proceeds from issuance of debt: $30,000,000.00Debt issued+$30.00 MPrincipal payments on finance lease liabilities: -$301,000.00Finance lease payments−$301.00 KPayment of deferred offering costs: -$504,000.00Financing & issuance costs−$504.00 KProceeds from exercise of stock options: $7,412,000.00Stock option exercises+$7.41 MNet cash from financing activities: $36,607,000.00Financing cash+$36.61 Mfinancing reconciliation: $37,412,000.00Purchases of property and equipment: -$8,520,000.00PP&E purchases−$8.52 MNet cash used in investing activities: -$8,520,000.00. Cash required to fund net payments.Investing cash−$8.52 Minvesting reconciliation: $8,520,000.00Cash sources and uses: $557,148,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $495,975,000.00Beginning cash$495.98 MEnding cash: Cash, cash equivalents, and restricted cash: $548,628,000.00Ending cash$548.63 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$16.05 MOperating cash − cash spent on PP&ECash flow / Net income0.94×Operating cash flow ÷ net incomeNet cash change+$52.65 MEnding cash − beginning cash
Chart details

BillionToOne, Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
495,975,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
24,566,000 US dollars. Net cash provided.
Net income (loss)
26,024,000 US dollars
Stock-based compensation
14,726,000 US dollars
Depreciation and amortization
3,567,000 US dollars
Amortization of operating right-of-use assets
2,819,000 US dollars
Loss on disposal of fixed assets
64,000 US dollars
Change in fair value of common stock warrant liability
negative 62,000 US dollars
Change in fair value of redeemable convertible preferred stock warrant liability
0 US dollars
Change in fair value of term loan
3,805,000 US dollars
Inventories
negative 3,590,000 US dollars
Prepaid expenses and other current assets
negative 1,025,000 US dollars
Other non-current assets
negative 566,000 US dollars
Accounts payable
4,866,000 US dollars
Accrued expenses and other current liabilities
6,333,000 US dollars
Accrued commissions
negative 79,000 US dollars
Accrued compensation and employee benefits
4,495,000 US dollars
Deferred revenue
negative 1,150,000 US dollars
Operating lease liabilities
negative 2,384,000 US dollars
Accounts receivable
negative 33,277,000 US dollars
Investing activities
negative 8,520,000 US dollars. Net cash used.
Purchases of property and equipment
negative 8,520,000 US dollars
Financing activities
36,607,000 US dollars. Net cash provided.
Proceeds from issuance of debt
30,000,000 US dollars
Principal payments on finance lease liabilities
negative 301,000 US dollars
Payment of deferred offering costs
negative 504,000 US dollars
Proceeds from exercise of stock options
7,412,000 US dollars
Operating adjustment reconciliation
42,133,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
37,412,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
8,520,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
548,628,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
557,148,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
52,653,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.94×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
24,566,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
8,520,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
16,046,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $24.57M of net income directly to operating cash and $1.46M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 24,566,000 US dollars minus 8,520,000 US dollars equals 16,046,000 US dollars.
BillionToOne, Inc. (BLLN) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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