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Side-by-side financial comparison of BillionToOne, Inc. (BLLN) and DouYu International Holdings Ltd (DOYU). Click either name above to swap in a different company.

DouYu International Holdings Ltd is the larger business by last-quarter revenue ($147.1M vs $83.5M, roughly 1.8× BillionToOne, Inc.).

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.

DouYu International Holdings Ltd operates a leading live streaming platform centered on video game and esports content primarily in mainland China. It offers interactive live streams covering professional esports tournaments, casual gaming content, and variety entertainment, targeting young gaming enthusiasts as its core user base, with main revenue streams including virtual gifting, advertising, and paid memberships.

BLLN vs DOYU — Head-to-Head

Bigger by revenue
DOYU
DOYU
1.8× larger
DOYU
$147.1M
$83.5M
BLLN

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
BLLN
BLLN
DOYU
DOYU
Revenue
$83.5M
$147.1M
Net Profit
$5.7M
Gross Margin
69.9%
13.5%
Operating Margin
11.5%
Net Margin
6.8%
Revenue YoY
117.4%
Net Profit YoY
138.3%
EPS (diluted)
$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
BLLN
BLLN
DOYU
DOYU
Q3 25
$83.5M
Q2 25
$147.1M
Q1 25
$130.5M
Q4 24
$45.1M
Q3 24
$38.4M
Q2 24
$142.0M
Q1 24
$144.0M
Net Profit
BLLN
BLLN
DOYU
DOYU
Q3 25
$5.7M
Q2 25
Q1 25
$-11.0M
Q4 24
$-11.5M
Q3 24
$-14.9M
Q2 24
$-6.8M
Q1 24
$-12.2M
Gross Margin
BLLN
BLLN
DOYU
DOYU
Q3 25
69.9%
Q2 25
13.5%
Q1 25
12.0%
Q4 24
57.1%
Q3 24
52.6%
Q2 24
8.2%
Q1 24
10.5%
Operating Margin
BLLN
BLLN
DOYU
DOYU
Q3 25
11.5%
Q2 25
Q1 25
-2.8%
Q4 24
17.0%
Q3 24
-32.9%
Q2 24
-11.6%
Q1 24
-16.1%
Net Margin
BLLN
BLLN
DOYU
DOYU
Q3 25
6.8%
Q2 25
Q1 25
-8.4%
Q4 24
-25.5%
Q3 24
-38.8%
Q2 24
-4.8%
Q1 24
-8.5%
EPS (diluted)
BLLN
BLLN
DOYU
DOYU
Q3 25
$0.10
Q2 25
Q1 25
Q4 24
$-1.13
Q3 24
$-1.47
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
BLLN
BLLN
DOYU
DOYU
Cash + ST InvestmentsLiquidity on hand
$195.2M
$214.4M
Total DebtLower is stronger
$55.0M
Stockholders' EquityBook value
$-239.5M
$279.9M
Total Assets
$327.5M
$448.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
DOYU
DOYU
Q3 25
$195.2M
Q2 25
$214.4M
Q1 25
$35.2M
Q4 24
$191.5M
Q3 24
Q2 24
$558.8M
Q1 24
$70.7M
Total Debt
BLLN
BLLN
DOYU
DOYU
Q3 25
$55.0M
Q2 25
Q1 25
Q4 24
$51.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BLLN
BLLN
DOYU
DOYU
Q3 25
$-239.5M
Q2 25
$279.9M
Q1 25
$37.4M
Q4 24
$-251.7M
Q3 24
$-242.9M
Q2 24
$895.6M
Q1 24
$126.4M
Total Assets
BLLN
BLLN
DOYU
DOYU
Q3 25
$327.5M
Q2 25
$448.1M
Q1 25
$60.8M
Q4 24
$302.1M
Q3 24
Q2 24
$1.1B
Q1 24
$156.2M

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
DOYU
DOYU
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.

Operating Cash Flow
BLLN
BLLN
DOYU
DOYU
Q3 25
$13.8M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Free Cash Flow
BLLN
BLLN
DOYU
DOYU
Q3 25
$6.5M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BLLN
BLLN
DOYU
DOYU
Q3 25
7.7%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BLLN
BLLN
DOYU
DOYU
Q3 25
8.8%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
BLLN
BLLN
DOYU
DOYU
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

BLLN
BLLN

Prenatal$74.1M89%
Oncology$8.7M10%

DOYU
DOYU

Segment breakdown not available.

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