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Side-by-side financial comparison of BillionToOne, Inc. (BLLN) and GILAT SATELLITE NETWORKS LTD (GILT). Click either name above to swap in a different company.

GILAT SATELLITE NETWORKS LTD is the larger business by last-quarter revenue ($152.7M vs $83.5M, roughly 1.8× BillionToOne, Inc.). BillionToOne, Inc. runs the higher net margin — 6.8% vs 4.1%, a 2.7% 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.

Gilat Satellite Networks Ltd. is an Israeli public company. It provides satellite-based broadband communications technology, its main expertise being the development, manufacture, and marketing of ground-based satellite systems for global communication via satellites.

BLLN vs GILT — Head-to-Head

Bigger by revenue
GILT
GILT
1.8× larger
GILT
$152.7M
$83.5M
BLLN
Higher net margin
BLLN
BLLN
2.7% more per $
BLLN
6.8%
4.1%
GILT

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
BLLN
BLLN
GILT
GILT
Revenue
$83.5M
$152.7M
Net Profit
$5.7M
$6.3M
Gross Margin
69.9%
35.8%
Operating Margin
11.5%
5.4%
Net Margin
6.8%
4.1%
Revenue YoY
117.4%
Net Profit YoY
138.3%
EPS (diluted)
$0.10
$57016808.00

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
GILT
GILT
Q3 25
$83.5M
Q2 25
$152.7M
Q3 24
$38.4M
Q2 24
$126.6M
Q2 23
$106.9M
Q2 22
$98.2M
Net Profit
BLLN
BLLN
GILT
GILT
Q3 25
$5.7M
Q2 25
$6.3M
Q3 24
$-14.9M
Q2 24
$9.9M
Q2 23
$-2.0M
Q2 22
$-5.2M
Gross Margin
BLLN
BLLN
GILT
GILT
Q3 25
69.9%
Q2 25
35.8%
Q3 24
52.6%
Q2 24
39.7%
Q2 23
33.8%
Q2 22
29.6%
Operating Margin
BLLN
BLLN
GILT
GILT
Q3 25
11.5%
Q2 25
5.4%
Q3 24
-32.9%
Q2 24
9.8%
Q2 23
0.4%
Q2 22
-4.0%
Net Margin
BLLN
BLLN
GILT
GILT
Q3 25
6.8%
Q2 25
4.1%
Q3 24
-38.8%
Q2 24
7.8%
Q2 23
-1.9%
Q2 22
-5.3%
EPS (diluted)
BLLN
BLLN
GILT
GILT
Q3 25
$0.10
Q2 25
$57016808.00
Q3 24
$-1.47
Q2 24
$56622204.00
Q2 23
Q2 22

Balance Sheet & Financial Strength

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

Metric
BLLN
BLLN
GILT
GILT
Cash + ST InvestmentsLiquidity on hand
$195.2M
$64.9M
Total DebtLower is stronger
$55.0M
$56.5M
Stockholders' EquityBook value
$-239.5M
$315.8M
Total Assets
$327.5M
$575.9M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
GILT
GILT
Q3 25
$195.2M
Q2 25
$64.9M
Q3 24
Q2 24
$93.7M
Q2 23
$87.4M
Q2 22
$70.1M
Total Debt
BLLN
BLLN
GILT
GILT
Q3 25
$55.0M
Q2 25
$56.5M
Q3 24
Q2 24
$2.0M
Q2 23
Q2 22
Stockholders' Equity
BLLN
BLLN
GILT
GILT
Q3 25
$-239.5M
Q2 25
$315.8M
Q3 24
$-242.9M
Q2 24
$282.8M
Q2 23
$255.0M
Q2 22
$245.7M
Total Assets
BLLN
BLLN
GILT
GILT
Q3 25
$327.5M
Q2 25
$575.9M
Q3 24
Q2 24
$416.9M
Q2 23
$371.6M
Q2 22
$376.0M
Debt / Equity
BLLN
BLLN
GILT
GILT
Q3 25
Q2 25
0.18×
Q3 24
Q2 24
0.01×
Q2 23
Q2 22

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
GILT
GILT
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
GILT
GILT
Q3 25
$13.8M
Q2 25
Q3 24
Q2 24
$8.2M
Q2 23
Q2 22
Free Cash Flow
BLLN
BLLN
GILT
GILT
Q3 25
$6.5M
Q2 25
Q3 24
Q2 24
$1.7M
Q2 23
Q2 22
FCF Margin
BLLN
BLLN
GILT
GILT
Q3 25
7.7%
Q2 25
Q3 24
Q2 24
1.3%
Q2 23
Q2 22
Capex Intensity
BLLN
BLLN
GILT
GILT
Q3 25
8.8%
Q2 25
Q3 24
Q2 24
5.2%
Q2 23
Q2 22
Cash Conversion
BLLN
BLLN
GILT
GILT
Q3 25
2.42×
Q2 25
Q3 24
Q2 24
0.83×
Q2 23
Q2 22

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%

GILT
GILT

Segment breakdown not available.

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