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

BillionToOne, Inc. is the larger business by last-quarter revenue ($83.5M vs $78.1M, roughly 1.1× Nayax Ltd.). BillionToOne, Inc. runs the higher net margin — 6.8% vs -3.9%, a 10.7% gap on every dollar of revenue. On growth, BillionToOne, Inc. posted the faster year-over-year revenue change (117.4% vs 39.0%).

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.

Nayax Ltd. is a global fintech company that offers cashless, telemetry, management, monitoring, and business intelligence (BI) products and services for the vending, unattended, and other retail industries.

BLLN vs NYAX — Head-to-Head

Bigger by revenue
BLLN
BLLN
1.1× larger
BLLN
$83.5M
$78.1M
NYAX
Growing faster (revenue YoY)
BLLN
BLLN
+78.4% gap
BLLN
117.4%
39.0%
NYAX
Higher net margin
BLLN
BLLN
10.7% more per $
BLLN
6.8%
-3.9%
NYAX

Income Statement — Q3 FY2025 vs Q2 FY2024

Metric
BLLN
BLLN
NYAX
NYAX
Revenue
$83.5M
$78.1M
Net Profit
$5.7M
$-3.0M
Gross Margin
69.9%
44.3%
Operating Margin
11.5%
1.2%
Net Margin
6.8%
-3.9%
Revenue YoY
117.4%
39.0%
Net Profit YoY
138.3%
24.2%
EPS (diluted)
$0.10
$-0.08

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
NYAX
NYAX
Q3 25
$83.5M
Q3 24
$38.4M
Q2 24
$78.1M
Q2 23
$56.2M
Net Profit
BLLN
BLLN
NYAX
NYAX
Q3 25
$5.7M
Q3 24
$-14.9M
Q2 24
$-3.0M
Q2 23
$-4.0M
Gross Margin
BLLN
BLLN
NYAX
NYAX
Q3 25
69.9%
Q3 24
52.6%
Q2 24
44.3%
Q2 23
37.1%
Operating Margin
BLLN
BLLN
NYAX
NYAX
Q3 25
11.5%
Q3 24
-32.9%
Q2 24
1.2%
Q2 23
-6.6%
Net Margin
BLLN
BLLN
NYAX
NYAX
Q3 25
6.8%
Q3 24
-38.8%
Q2 24
-3.9%
Q2 23
-7.1%
EPS (diluted)
BLLN
BLLN
NYAX
NYAX
Q3 25
$0.10
Q3 24
$-1.47
Q2 24
$-0.08
Q2 23
$-0.12

Balance Sheet & Financial Strength

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

Metric
BLLN
BLLN
NYAX
NYAX
Cash + ST InvestmentsLiquidity on hand
$195.2M
$61.9M
Total DebtLower is stronger
$55.0M
Stockholders' EquityBook value
$-239.5M
$158.7M
Total Assets
$327.5M
$434.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
NYAX
NYAX
Q3 25
$195.2M
Q3 24
Q2 24
$61.9M
Q2 23
$31.1M
Total Debt
BLLN
BLLN
NYAX
NYAX
Q3 25
$55.0M
Q3 24
Q2 24
Q2 23
Stockholders' Equity
BLLN
BLLN
NYAX
NYAX
Q3 25
$-239.5M
Q3 24
$-242.9M
Q2 24
$158.7M
Q2 23
$100.0M
Total Assets
BLLN
BLLN
NYAX
NYAX
Q3 25
$327.5M
Q3 24
Q2 24
$434.7M
Q2 23
$261.8M

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
NYAX
NYAX
Operating Cash FlowLast quarter
$13.8M
$9.2M
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
NYAX
NYAX
Q3 25
$13.8M
Q3 24
Q2 24
$9.2M
Q2 23
$-1.7M
Free Cash Flow
BLLN
BLLN
NYAX
NYAX
Q3 25
$6.5M
Q3 24
Q2 24
Q2 23
FCF Margin
BLLN
BLLN
NYAX
NYAX
Q3 25
7.7%
Q3 24
Q2 24
Q2 23
Capex Intensity
BLLN
BLLN
NYAX
NYAX
Q3 25
8.8%
Q3 24
Q2 24
Q2 23
Cash Conversion
BLLN
BLLN
NYAX
NYAX
Q3 25
2.42×
Q3 24
Q2 24
Q2 23

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%

NYAX
NYAX

Segment breakdown not available.

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