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

BillionToOne, Inc. is the larger business by last-quarter revenue ($83.5M vs $44.1M, roughly 1.9× New Gold 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.

JB Hi-Fi Limited is an Australian consumer electronics retail company. It is publicly listed on the Australian Securities Exchange. Its headquarters are located in Southbank, Melbourne, Victoria.

BLLN vs NGD — Head-to-Head

Bigger by revenue
BLLN
BLLN
1.9× larger
BLLN
$83.5M
$44.1M
NGD

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
BLLN
BLLN
NGD
NGD
Revenue
$83.5M
$44.1M
Net Profit
$5.7M
Gross Margin
69.9%
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
NGD
NGD
Q3 25
$83.5M
$44.1M
Q4 24
$45.1M
Q3 24
$38.4M
Net Profit
BLLN
BLLN
NGD
NGD
Q3 25
$5.7M
Q4 24
$-11.5M
Q3 24
$-14.9M
Gross Margin
BLLN
BLLN
NGD
NGD
Q3 25
69.9%
Q4 24
57.1%
Q3 24
52.6%
Operating Margin
BLLN
BLLN
NGD
NGD
Q3 25
11.5%
Q4 24
17.0%
Q3 24
-32.9%
Net Margin
BLLN
BLLN
NGD
NGD
Q3 25
6.8%
Q4 24
-25.5%
Q3 24
-38.8%
EPS (diluted)
BLLN
BLLN
NGD
NGD
Q3 25
$0.10
Q4 24
$-1.13
Q3 24
$-1.47

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
NGD
NGD
Q3 25
$195.2M
Q4 24
$191.5M
Q3 24
Total Debt
BLLN
BLLN
NGD
NGD
Q3 25
$55.0M
Q4 24
$51.5M
Q3 24
Stockholders' Equity
BLLN
BLLN
NGD
NGD
Q3 25
$-239.5M
Q4 24
$-251.7M
Q3 24
$-242.9M
Total Assets
BLLN
BLLN
NGD
NGD
Q3 25
$327.5M
Q4 24
$302.1M
Q3 24

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
NGD
NGD
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
NGD
NGD
Q3 25
$13.8M
Q4 24
Q3 24
Free Cash Flow
BLLN
BLLN
NGD
NGD
Q3 25
$6.5M
Q4 24
Q3 24
FCF Margin
BLLN
BLLN
NGD
NGD
Q3 25
7.7%
Q4 24
Q3 24
Capex Intensity
BLLN
BLLN
NGD
NGD
Q3 25
8.8%
Q4 24
Q3 24
Cash Conversion
BLLN
BLLN
NGD
NGD
Q3 25
2.42×
Q4 24
Q3 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%

NGD
NGD

Segment breakdown not available.

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