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Side-by-side financial comparison of ARBOR REALTY TRUST INC (ABR) and BillionToOne, Inc. (BLLN). Click either name above to swap in a different company.

ARBOR REALTY TRUST INC is the larger business by last-quarter revenue ($133.4M vs $83.5M, roughly 1.6× BillionToOne, Inc.). On growth, BillionToOne, Inc. posted the faster year-over-year revenue change (117.4% vs -12.1%).

Arbor Realty Trust Inc. is a U.S.-headquartered specialized real estate investment trust (REIT). It primarily provides structured financing solutions for multifamily residential and commercial real estate projects, including bridge loans, agency lending, and mezzanine financing. Its core market covers the U.S. real estate sector, serving property owners, developers and real estate investors nationwide.

BillionToOne, Inc. is a life sciences and molecular diagnostics firm developing high-precision genetic testing solutions. Its core offerings include non-invasive prenatal tests, oncology diagnostics, and rare disease screening, serving clinical providers and patients mainly in North America.

ABR vs BLLN — Head-to-Head

Bigger by revenue
ABR
ABR
1.6× larger
ABR
$133.4M
$83.5M
BLLN
Growing faster (revenue YoY)
BLLN
BLLN
+129.5% gap
BLLN
117.4%
-12.1%
ABR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ABR
ABR
BLLN
BLLN
Revenue
$133.4M
$83.5M
Net Profit
$5.7M
Gross Margin
69.9%
Operating Margin
11.5%
Net Margin
6.8%
Revenue YoY
-12.1%
117.4%
Net Profit YoY
138.3%
EPS (diluted)
$0.08
$0.10

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABR
ABR
BLLN
BLLN
Q4 25
$133.4M
Q3 25
$112.4M
$83.5M
Q2 25
$130.4M
Q1 25
$134.2M
Q4 24
$151.7M
Q3 24
$156.7M
$38.4M
Q2 24
$153.1M
Q1 24
$160.7M
Net Profit
ABR
ABR
BLLN
BLLN
Q4 25
Q3 25
$52.0M
$5.7M
Q2 25
$36.3M
Q1 25
$43.4M
Q4 24
Q3 24
$73.5M
$-14.9M
Q2 24
$61.8M
Q1 24
$73.2M
Gross Margin
ABR
ABR
BLLN
BLLN
Q4 25
Q3 25
69.9%
Q2 25
Q1 25
Q4 24
Q3 24
52.6%
Q2 24
Q1 24
Operating Margin
ABR
ABR
BLLN
BLLN
Q4 25
Q3 25
11.5%
Q2 25
Q1 25
Q4 24
Q3 24
-32.9%
Q2 24
Q1 24
46.9%
Net Margin
ABR
ABR
BLLN
BLLN
Q4 25
Q3 25
46.3%
6.8%
Q2 25
27.8%
Q1 25
32.3%
Q4 24
Q3 24
46.9%
-38.8%
Q2 24
40.4%
Q1 24
45.6%
EPS (diluted)
ABR
ABR
BLLN
BLLN
Q4 25
$0.08
Q3 25
$0.20
$0.10
Q2 25
$0.12
Q1 25
$0.16
Q4 24
$0.31
Q3 24
$0.31
$-1.47
Q2 24
$0.25
Q1 24
$0.31

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABR
ABR
BLLN
BLLN
Cash + ST InvestmentsLiquidity on hand
$482.9M
$195.2M
Total DebtLower is stronger
$11.1B
$55.0M
Stockholders' EquityBook value
$3.0B
$-239.5M
Total Assets
$14.5B
$327.5M
Debt / EquityLower = less leverage
3.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABR
ABR
BLLN
BLLN
Q4 25
$482.9M
Q3 25
$423.4M
$195.2M
Q2 25
$255.7M
Q1 25
$308.8M
Q4 24
$503.8M
Q3 24
$687.5M
Q2 24
$737.5M
Q1 24
$908.0M
Total Debt
ABR
ABR
BLLN
BLLN
Q4 25
$11.1B
Q3 25
$10.4B
$55.0M
Q2 25
$10.1B
Q1 25
$9.9B
Q4 24
$10.0B
Q3 24
$10.3B
Q2 24
$10.6B
Q1 24
$11.4B
Stockholders' Equity
ABR
ABR
BLLN
BLLN
Q4 25
$3.0B
Q3 25
$3.0B
$-239.5M
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$3.0B
$-242.9M
Q2 24
$3.1B
Q1 24
$3.1B
Total Assets
ABR
ABR
BLLN
BLLN
Q4 25
$14.5B
Q3 25
$13.9B
$327.5M
Q2 25
$13.6B
Q1 25
$13.4B
Q4 24
$13.5B
Q3 24
$13.9B
Q2 24
$14.2B
Q1 24
$15.1B
Debt / Equity
ABR
ABR
BLLN
BLLN
Q4 25
3.75×
Q3 25
3.47×
Q2 25
3.40×
Q1 25
3.29×
Q4 24
3.29×
Q3 24
3.40×
Q2 24
3.47×
Q1 24
3.68×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABR
ABR
BLLN
BLLN
Operating Cash FlowLast quarter
$372.4M
$13.8M
Free Cash FlowOCF − Capex
$6.5M
FCF MarginFCF / Revenue
7.7%
Capex IntensityCapex / Revenue
8.8%
Cash ConversionOCF / Net Profit
2.42×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABR
ABR
BLLN
BLLN
Q4 25
$372.4M
Q3 25
$178.7M
$13.8M
Q2 25
$60.0M
Q1 25
$150.5M
Q4 24
$461.5M
Q3 24
$85.0M
Q2 24
$69.9M
Q1 24
$260.0M
Free Cash Flow
ABR
ABR
BLLN
BLLN
Q4 25
Q3 25
$6.5M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ABR
ABR
BLLN
BLLN
Q4 25
Q3 25
7.7%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ABR
ABR
BLLN
BLLN
Q4 25
Q3 25
8.8%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ABR
ABR
BLLN
BLLN
Q4 25
Q3 25
3.44×
2.42×
Q2 25
1.65×
Q1 25
3.47×
Q4 24
Q3 24
1.16×
Q2 24
1.13×
Q1 24
3.55×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ABR
ABR

Segment breakdown not available.

BLLN
BLLN

Prenatal$74.1M89%
Oncology$8.7M10%

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