vs

Side-by-side financial comparison of Aclarion, Inc. (ACON) and BillionToOne, Inc. (BLLN). Click either name above to swap in a different company.

BillionToOne, Inc. is the larger business by last-quarter revenue ($83.5M vs $18.5K, roughly 4520.1× Aclarion, Inc.). BillionToOne, Inc. runs the higher net margin — 6.8% vs -10223.7%, a 10230.6% gap on every dollar of revenue. On growth, BillionToOne, Inc. posted the faster year-over-year revenue change (117.4% vs 80.6%).

Aclarion, Inc. is a medical technology company focused on developing non-invasive solutions for chronic lower back pain diagnosis and treatment. Its core offerings leverage proprietary magnetic resonance spectroscopy technology to accurately identify painful intervertebral discs, serving healthcare providers and patients across the United States, with key focus on the chronic pain management and spinal care segments.

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.

ACON vs BLLN — Head-to-Head

Bigger by revenue
BLLN
BLLN
4520.1× larger
BLLN
$83.5M
$18.5K
ACON
Growing faster (revenue YoY)
BLLN
BLLN
+36.8% gap
BLLN
117.4%
80.6%
ACON
Higher net margin
BLLN
BLLN
10230.6% more per $
BLLN
6.8%
-10223.7%
ACON

Income Statement — Q4 2025 vs Q3 2025

Metric
ACON
ACON
BLLN
BLLN
Revenue
$18.5K
$83.5M
Net Profit
$-1.9M
$5.7M
Gross Margin
9.7%
69.9%
Operating Margin
-10785.8%
11.5%
Net Margin
-10223.7%
6.8%
Revenue YoY
80.6%
117.4%
Net Profit YoY
5.0%
138.3%
EPS (diluted)
$1.39
$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
ACON
ACON
BLLN
BLLN
Q4 25
$18.5K
Q3 25
$18.9K
$83.5M
Q2 25
$19.3K
Q1 25
$19.0K
Q4 24
$10.2K
Q3 24
$14.4K
$38.4M
Q2 24
$11.0K
Q1 24
$10.1K
Net Profit
ACON
ACON
BLLN
BLLN
Q4 25
$-1.9M
Q3 25
$-1.7M
$5.7M
Q2 25
$-1.6M
Q1 25
$-2.0M
Q4 24
$-2.0M
Q3 24
$-1.4M
$-14.9M
Q2 24
$-1.2M
Q1 24
$-2.4M
Gross Margin
ACON
ACON
BLLN
BLLN
Q4 25
9.7%
Q3 25
23.2%
69.9%
Q2 25
26.6%
Q1 25
-23.6%
Q4 24
-100.9%
Q3 24
-48.1%
52.6%
Q2 24
-112.3%
Q1 24
-92.6%
Operating Margin
ACON
ACON
BLLN
BLLN
Q4 25
-10785.8%
Q3 25
-9666.2%
11.5%
Q2 25
-8988.6%
Q1 25
-7856.0%
Q4 24
-17652.7%
Q3 24
-8995.3%
-32.9%
Q2 24
-10350.6%
Q1 24
-12609.3%
Net Margin
ACON
ACON
BLLN
BLLN
Q4 25
-10223.7%
Q3 25
-9008.0%
6.8%
Q2 25
-8285.9%
Q1 25
-10728.4%
Q4 24
-19444.6%
Q3 24
-9482.7%
-38.8%
Q2 24
-11285.0%
Q1 24
-23720.6%
EPS (diluted)
ACON
ACON
BLLN
BLLN
Q4 25
$1.39
Q3 25
$-2.93
$0.10
Q2 25
$-2.75
Q1 25
$-9.32
Q4 24
$-809.36
Q3 24
$-1321.49
$-1.47
Q2 24
$-1362.83
Q1 24
$-3985.22

Balance Sheet & Financial Strength

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

Metric
ACON
ACON
BLLN
BLLN
Cash + ST InvestmentsLiquidity on hand
$12.0M
$195.2M
Total DebtLower is stronger
$55.0M
Stockholders' EquityBook value
$12.8M
$-239.5M
Total Assets
$13.7M
$327.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACON
ACON
BLLN
BLLN
Q4 25
$12.0M
Q3 25
$11.3M
$195.2M
Q2 25
$12.8M
Q1 25
$14.8M
Q4 24
$453.7K
Q3 24
$1.3M
Q2 24
$1.2M
Q1 24
$2.1M
Total Debt
ACON
ACON
BLLN
BLLN
Q4 25
Q3 25
$55.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACON
ACON
BLLN
BLLN
Q4 25
$12.8M
Q3 25
$12.5M
$-239.5M
Q2 25
$14.2M
Q1 25
$15.8M
Q4 24
$970.1K
Q3 24
$2.5M
$-242.9M
Q2 24
$1.6M
Q1 24
$2.5M
Total Assets
ACON
ACON
BLLN
BLLN
Q4 25
$13.7M
Q3 25
$13.2M
$327.5M
Q2 25
$14.8M
Q1 25
$16.5M
Q4 24
$2.1M
Q3 24
$3.2M
Q2 24
$3.1M
Q1 24
$3.7M

Cash Flow & Capital Efficiency

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

Metric
ACON
ACON
BLLN
BLLN
Operating Cash FlowLast quarter
$-1.6M
$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
ACON
ACON
BLLN
BLLN
Q4 25
$-1.6M
Q3 25
$-1.2M
$13.8M
Q2 25
$-1.9M
Q1 25
$-2.5M
Q4 24
$-922.9K
Q3 24
$-1.1M
Q2 24
$-1.1M
Q1 24
$-2.2M
Free Cash Flow
ACON
ACON
BLLN
BLLN
Q4 25
Q3 25
$-1.2M
$6.5M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ACON
ACON
BLLN
BLLN
Q4 25
Q3 25
-6164.6%
7.7%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ACON
ACON
BLLN
BLLN
Q4 25
Q3 25
38.6%
8.8%
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
ACON
ACON
BLLN
BLLN
Q4 25
Q3 25
2.42×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ACON
ACON

Segment breakdown not available.

BLLN
BLLN

Prenatal$74.1M89%
Oncology$8.7M10%

Related Comparisons