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Side-by-side financial comparison of BillionToOne, Inc. (BLLN) and Dingdong (Cayman) Ltd (DDL). Click either name above to swap in a different company.
Dingdong (Cayman) Ltd is the larger business by last-quarter revenue ($115.3M vs $83.5M, roughly 1.4× BillionToOne, Inc.). BillionToOne, Inc. runs the higher net margin — 6.8% vs 5.8%, a 1.0% gap on every dollar of revenue.
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.
Dingdong (Cayman) Ltd operates a leading on-demand grocery e-commerce platform primarily serving the Chinese market. It provides fresh produce, daily necessities, ready-to-eat meals, and household staples to urban consumers, leveraging optimized supply chains and localized logistics networks to offer fast, reliable 30-minute delivery services, prioritizing product freshness and user convenience.
BLLN vs DDL — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2022
| Metric | | |
|---|---|---|
| Revenue | $83.5M | $115.3M |
| Net Profit | $5.7M | $6.7M |
| Gross Margin | 69.9% | — |
| Operating Margin | 11.5% | 5.3% |
| Net Margin | 6.8% | 5.8% |
| Revenue YoY | 117.4% | — |
| Net Profit YoY | 138.3% | — |
| EPS (diluted) | $0.10 | $-0.02 |
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.
| Q3 25 | $83.5M | — | ||
| Q4 24 | $45.1M | — | ||
| Q3 24 | $38.4M | — | ||
| Q3 22 | — | $115.3M | ||
| Q2 22 | — | $136.7M | ||
| Q1 22 | — | $118.5M |
| Q3 25 | $5.7M | — | ||
| Q4 24 | $-11.5M | — | ||
| Q3 24 | $-14.9M | — | ||
| Q3 22 | — | $6.7M | ||
| Q2 22 | — | $717.6K | ||
| Q1 22 | — | $10.4M |
| Q3 25 | 69.9% | — | ||
| Q4 24 | 57.1% | — | ||
| Q3 24 | 52.6% | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — | ||
| Q1 22 | — | — |
| Q3 25 | 11.5% | — | ||
| Q4 24 | 17.0% | — | ||
| Q3 24 | -32.9% | — | ||
| Q3 22 | — | 5.3% | ||
| Q2 22 | — | 0.0% | ||
| Q1 22 | — | 8.2% |
| Q3 25 | 6.8% | — | ||
| Q4 24 | -25.5% | — | ||
| Q3 24 | -38.8% | — | ||
| Q3 22 | — | 5.8% | ||
| Q2 22 | — | 0.5% | ||
| Q1 22 | — | 8.8% |
| Q3 25 | $0.10 | — | ||
| Q4 24 | $-1.13 | — | ||
| Q3 24 | $-1.47 | — | ||
| Q3 22 | — | $-0.02 | ||
| Q2 22 | — | $-0.00 | ||
| Q1 22 | — | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $195.2M | $113.7M |
| Total DebtLower is stronger | $55.0M | $135.8K |
| Stockholders' EquityBook value | $-239.5M | $4.5M |
| Total Assets | $327.5M | $178.3M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $195.2M | — | ||
| Q4 24 | $191.5M | — | ||
| Q3 24 | — | — | ||
| Q3 22 | — | $113.7M | ||
| Q2 22 | — | $124.9M | ||
| Q1 22 | — | $105.6M |
| Q3 25 | $55.0M | — | ||
| Q4 24 | $51.5M | — | ||
| Q3 24 | — | — | ||
| Q3 22 | — | $135.8K | ||
| Q2 22 | — | $322.0K | ||
| Q1 22 | — | $527.9K |
| Q3 25 | $-239.5M | — | ||
| Q4 24 | $-251.7M | — | ||
| Q3 24 | $-242.9M | — | ||
| Q3 22 | — | $4.5M | ||
| Q2 22 | — | $8.5M | ||
| Q1 22 | — | $5.9M |
| Q3 25 | $327.5M | — | ||
| Q4 24 | $302.1M | — | ||
| Q3 24 | — | — | ||
| Q3 22 | — | $178.3M | ||
| Q2 22 | — | $194.3M | ||
| Q1 22 | — | $187.7M |
| Q3 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q3 22 | — | 0.03× | ||
| Q2 22 | — | 0.04× | ||
| Q1 22 | — | 0.09× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $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.
| Q3 25 | $13.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — | ||
| Q1 22 | — | — |
| Q3 25 | $6.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — | ||
| Q1 22 | — | — |
| Q3 25 | 7.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — | ||
| Q1 22 | — | — |
| Q3 25 | 8.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — | ||
| Q1 22 | — | — |
| Q3 25 | 2.42× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — | ||
| Q1 22 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLLN
| Prenatal | $74.1M | 89% |
| Oncology | $8.7M | 10% |
DDL
Segment breakdown not available.
