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

DIGI INTERNATIONAL INC is the larger business by last-quarter revenue ($122.5M vs $83.5M, roughly 1.5× BillionToOne, Inc.). DIGI INTERNATIONAL INC runs the higher net margin — 9.6% vs 6.8%, a 2.7% gap on every dollar of revenue. On growth, BillionToOne, Inc. posted the faster year-over-year revenue change (117.4% vs 17.9%). DIGI INTERNATIONAL INC produced more free cash flow last quarter ($35.2M vs $6.5M).

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.

Digi International, Inc. is an American Industrial Internet of Things (IIoT) technology company based in Hopkins, Minnesota. Founded in 1985, they were best known in the early 1990s as a manufacturer of multi-line serial data serial cards for PC clones, allowing these machines to run multi-line bulletin board systems (BBSes). As this market began to wind down with the rise of the internet in the late 1990s, Digi began to concentrate on network attached devices and industrial monitoring.

BLLN vs DGII — Head-to-Head

Bigger by revenue
DGII
DGII
1.5× larger
DGII
$122.5M
$83.5M
BLLN
Growing faster (revenue YoY)
BLLN
BLLN
+99.5% gap
BLLN
117.4%
17.9%
DGII
Higher net margin
DGII
DGII
2.7% more per $
DGII
9.6%
6.8%
BLLN
More free cash flow
DGII
DGII
$28.7M more FCF
DGII
$35.2M
$6.5M
BLLN

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
BLLN
BLLN
DGII
DGII
Revenue
$83.5M
$122.5M
Net Profit
$5.7M
$11.7M
Gross Margin
69.9%
62.4%
Operating Margin
11.5%
13.3%
Net Margin
6.8%
9.6%
Revenue YoY
117.4%
17.9%
Net Profit YoY
138.3%
16.1%
EPS (diluted)
$0.10
$0.31

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
BLLN
BLLN
DGII
DGII
Q4 25
$122.5M
Q3 25
$83.5M
$114.3M
Q2 25
$107.5M
Q1 25
$104.5M
Q4 24
$103.9M
Q3 24
$38.4M
$105.1M
Q2 24
$105.2M
Q1 24
$107.7M
Net Profit
BLLN
BLLN
DGII
DGII
Q4 25
$11.7M
Q3 25
$5.7M
$10.0M
Q2 25
$10.2M
Q1 25
$10.5M
Q4 24
$10.1M
Q3 24
$-14.9M
$11.9M
Q2 24
$9.7M
Q1 24
$4.0M
Gross Margin
BLLN
BLLN
DGII
DGII
Q4 25
62.4%
Q3 25
69.9%
63.9%
Q2 25
63.5%
Q1 25
62.1%
Q4 24
62.0%
Q3 24
52.6%
61.1%
Q2 24
59.2%
Q1 24
57.9%
Operating Margin
BLLN
BLLN
DGII
DGII
Q4 25
13.3%
Q3 25
11.5%
12.5%
Q2 25
13.9%
Q1 25
13.1%
Q4 24
12.9%
Q3 24
-32.9%
14.2%
Q2 24
12.3%
Q1 24
7.6%
Net Margin
BLLN
BLLN
DGII
DGII
Q4 25
9.6%
Q3 25
6.8%
8.7%
Q2 25
9.5%
Q1 25
10.0%
Q4 24
9.7%
Q3 24
-38.8%
11.3%
Q2 24
9.2%
Q1 24
3.7%
EPS (diluted)
BLLN
BLLN
DGII
DGII
Q4 25
$0.31
Q3 25
$0.10
$0.26
Q2 25
$0.27
Q1 25
$0.28
Q4 24
$0.27
Q3 24
$-1.47
$0.32
Q2 24
$0.26
Q1 24
$0.11

Balance Sheet & Financial Strength

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

Metric
BLLN
BLLN
DGII
DGII
Cash + ST InvestmentsLiquidity on hand
$195.2M
$30.9M
Total DebtLower is stronger
$55.0M
$135.0M
Stockholders' EquityBook value
$-239.5M
$649.2M
Total Assets
$327.5M
$918.4M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
DGII
DGII
Q4 25
$30.9M
Q3 25
$195.2M
$21.9M
Q2 25
$20.1M
Q1 25
$26.3M
Q4 24
$25.9M
Q3 24
$27.5M
Q2 24
$28.3M
Q1 24
$23.8M
Total Debt
BLLN
BLLN
DGII
DGII
Q4 25
$135.0M
Q3 25
$55.0M
$159.2M
Q2 25
$40.1M
Q1 25
$70.0M
Q4 24
$95.0M
Q3 24
$123.2M
Q2 24
$151.6M
Q1 24
$171.8M
Stockholders' Equity
BLLN
BLLN
DGII
DGII
Q4 25
$649.2M
Q3 25
$-239.5M
$636.1M
Q2 25
$621.5M
Q1 25
$605.2M
Q4 24
$590.7M
Q3 24
$-242.9M
$581.0M
Q2 24
$563.1M
Q1 24
$549.6M
Total Assets
BLLN
BLLN
DGII
DGII
Q4 25
$918.4M
Q3 25
$327.5M
$922.6M
Q2 25
$770.3M
Q1 25
$781.0M
Q4 24
$796.1M
Q3 24
$815.1M
Q2 24
$820.4M
Q1 24
$825.3M
Debt / Equity
BLLN
BLLN
DGII
DGII
Q4 25
0.21×
Q3 25
0.25×
Q2 25
0.06×
Q1 25
0.12×
Q4 24
0.16×
Q3 24
0.21×
Q2 24
0.27×
Q1 24
0.31×

Cash Flow & Capital Efficiency

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

Metric
BLLN
BLLN
DGII
DGII
Operating Cash FlowLast quarter
$13.8M
$35.6M
Free Cash FlowOCF − Capex
$6.5M
$35.2M
FCF MarginFCF / Revenue
7.7%
28.7%
Capex IntensityCapex / Revenue
8.8%
0.4%
Cash ConversionOCF / Net Profit
2.42×
3.04×
TTM Free Cash FlowTrailing 4 quarters
$111.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLLN
BLLN
DGII
DGII
Q4 25
$35.6M
Q3 25
$13.8M
$28.0M
Q2 25
$24.0M
Q1 25
$26.3M
Q4 24
$29.7M
Q3 24
$26.4M
Q2 24
$24.9M
Q1 24
$13.1M
Free Cash Flow
BLLN
BLLN
DGII
DGII
Q4 25
$35.2M
Q3 25
$6.5M
$27.5M
Q2 25
$22.9M
Q1 25
$25.7M
Q4 24
$29.1M
Q3 24
$25.5M
Q2 24
$24.5M
Q1 24
$12.5M
FCF Margin
BLLN
BLLN
DGII
DGII
Q4 25
28.7%
Q3 25
7.7%
24.1%
Q2 25
21.3%
Q1 25
24.6%
Q4 24
28.1%
Q3 24
24.3%
Q2 24
23.2%
Q1 24
11.6%
Capex Intensity
BLLN
BLLN
DGII
DGII
Q4 25
0.4%
Q3 25
8.8%
0.4%
Q2 25
0.9%
Q1 25
0.5%
Q4 24
0.6%
Q3 24
0.9%
Q2 24
0.5%
Q1 24
0.5%
Cash Conversion
BLLN
BLLN
DGII
DGII
Q4 25
3.04×
Q3 25
2.42×
2.81×
Q2 25
2.34×
Q1 25
2.50×
Q4 24
2.95×
Q3 24
2.23×
Q2 24
2.57×
Q1 24
3.27×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BLLN
BLLN

Prenatal$74.1M89%
Oncology$8.7M10%

DGII
DGII

Io T Productsand Services$86.4M71%
Io T Solutions$36.1M29%

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