BillionToOne IPO: revenue, losses and offering terms from its S-1
BillionToOne priced its IPO at $60 a share on 6 Nov 2025 and raised $273 million. Its shares trade on Nasdaq as BLLN. Revenue was $153 million in 2024, up 113% from 2023, with a net loss of $41.6 million.
Headlines
- Revenue, 2024
- $153M
- Up 113% on the year before
- Net loss, 2024
- $42M
- Revenue, First half of 2025
- $126M
- Up 82% on a year earlier
- IPO price
- $60
- $273M raised
BillionToOne IPO terms
From the final prospectus (424B4).
- Exchange
- Nasdaq Global Select Market
- Ticker
- BLLN
- IPO price
- $60
- Shares offered
- 4,551,100
- Raised
- $273M
- Registered
- $392M, the amount the filing fee is paid on
- Underwriters
- J.P. Morgan, Piper Sandler and Jefferies, with 4 more banks
- First filed
- 7 Oct 2025
BillionToOne revenue and profit
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2023 | $72M | - | -$83M |
| 2024 | $153M | -$47M | -$42M |
| First half of 2024 | $69M | - | - |
| First half of 2025 | $126M | -$4M | -$4M |
BillionToOne share structure and company facts
- Share classes and votes
- Class A: 1 vote, Class B: 15 votes
- Employees
- 620
- Headquarters
- Menlo Park, CA
BillionToOne shares since the IPO
Latest close 26 Oct 2026
- IPO price
- $60
- Priced 6 Nov 2025
- First close
- $108.94
- +82% on the IPO price
- Latest close
- $111.46
- +86% on the IPO price
BillionToOne's IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
About the data
- Terms and financials are read from BillionToOne's newest prospectus (424B4 filed 6 Nov 2025) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.