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Side-by-side financial comparison of BillionToOne, Inc. (BLLN) and Resolute Holdings Management, Inc. (RHLD). Click either name above to swap in a different company.

Resolute Holdings Management, Inc. is the larger business by last-quarter revenue ($117.7M vs $83.5M, roughly 1.4× BillionToOne, Inc.). BillionToOne, Inc. runs the higher net margin — 6.8% vs -1.5%, a 8.3% gap on every dollar of revenue. Resolute Holdings Management, Inc. produced more free cash flow last quarter ($189.2M 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.

Resolute Mining Limited is an Australian mining corporation focused on mining operations in Africa. It is currently operating two gold mines: the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal.

BLLN vs RHLD — Head-to-Head

Bigger by revenue
RHLD
RHLD
1.4× larger
RHLD
$117.7M
$83.5M
BLLN
Higher net margin
BLLN
BLLN
8.3% more per $
BLLN
6.8%
-1.5%
RHLD
More free cash flow
RHLD
RHLD
$182.8M more FCF
RHLD
$189.2M
$6.5M
BLLN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLLN
BLLN
RHLD
RHLD
Revenue
$83.5M
$117.7M
Net Profit
$5.7M
$-1.7M
Gross Margin
69.9%
55.7%
Operating Margin
11.5%
30.2%
Net Margin
6.8%
-1.5%
Revenue YoY
117.4%
Net Profit YoY
138.3%
EPS (diluted)
$0.10
$-0.20

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
RHLD
RHLD
Q4 25
$117.7M
Q3 25
$83.5M
$120.9M
Q2 25
$119.6M
Q1 25
$103.9M
Q3 24
$38.4M
Net Profit
BLLN
BLLN
RHLD
RHLD
Q4 25
$-1.7M
Q3 25
$5.7M
$-231.0K
Q2 25
$-611.0K
Q1 25
$-3.4M
Q3 24
$-14.9M
Gross Margin
BLLN
BLLN
RHLD
RHLD
Q4 25
55.7%
Q3 25
69.9%
59.0%
Q2 25
57.5%
Q1 25
52.5%
Q3 24
52.6%
Operating Margin
BLLN
BLLN
RHLD
RHLD
Q4 25
30.2%
Q3 25
11.5%
34.3%
Q2 25
34.0%
Q1 25
24.7%
Q3 24
-32.9%
Net Margin
BLLN
BLLN
RHLD
RHLD
Q4 25
-1.5%
Q3 25
6.8%
-0.2%
Q2 25
-0.5%
Q1 25
-3.2%
Q3 24
-38.8%
EPS (diluted)
BLLN
BLLN
RHLD
RHLD
Q4 25
$-0.20
Q3 25
$0.10
$-0.03
Q2 25
$-0.07
Q1 25
$-0.39
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
RHLD
RHLD
Cash + ST InvestmentsLiquidity on hand
$195.2M
$205.5M
Total DebtLower is stronger
$55.0M
$169.8M
Stockholders' EquityBook value
$-239.5M
$6.5M
Total Assets
$327.5M
$333.4M
Debt / EquityLower = less leverage
26.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
RHLD
RHLD
Q4 25
$205.5M
Q3 25
$195.2M
$148.0M
Q2 25
$99.9M
Q1 25
$71.0M
Q3 24
Total Debt
BLLN
BLLN
RHLD
RHLD
Q4 25
$169.8M
Q3 25
$55.0M
$173.4M
Q2 25
$177.1M
Q1 25
$180.7M
Q3 24
Stockholders' Equity
BLLN
BLLN
RHLD
RHLD
Q4 25
$6.5M
Q3 25
$-239.5M
$10.8M
Q2 25
$9.6M
Q1 25
$8.9M
Q3 24
$-242.9M
Total Assets
BLLN
BLLN
RHLD
RHLD
Q4 25
$333.4M
Q3 25
$327.5M
$293.2M
Q2 25
$253.3M
Q1 25
$214.3M
Q3 24
Debt / Equity
BLLN
BLLN
RHLD
RHLD
Q4 25
26.03×
Q3 25
16.01×
Q2 25
18.42×
Q1 25
20.38×
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
RHLD
RHLD
Operating Cash FlowLast quarter
$13.8M
$196.1M
Free Cash FlowOCF − Capex
$6.5M
$189.2M
FCF MarginFCF / Revenue
7.7%
160.8%
Capex IntensityCapex / Revenue
8.8%
5.8%
Cash ConversionOCF / Net Profit
2.42×
TTM Free Cash FlowTrailing 4 quarters
$313.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLLN
BLLN
RHLD
RHLD
Q4 25
$196.1M
Q3 25
$13.8M
$59.6M
Q2 25
$48.9M
Q1 25
$18.4M
Q3 24
Free Cash Flow
BLLN
BLLN
RHLD
RHLD
Q4 25
$189.2M
Q3 25
$6.5M
$58.6M
Q2 25
$47.5M
Q1 25
$17.8M
Q3 24
FCF Margin
BLLN
BLLN
RHLD
RHLD
Q4 25
160.8%
Q3 25
7.7%
48.5%
Q2 25
39.7%
Q1 25
17.1%
Q3 24
Capex Intensity
BLLN
BLLN
RHLD
RHLD
Q4 25
5.8%
Q3 25
8.8%
0.8%
Q2 25
1.2%
Q1 25
0.6%
Q3 24
Cash Conversion
BLLN
BLLN
RHLD
RHLD
Q4 25
Q3 25
2.42×
Q2 25
Q1 25
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%

RHLD
RHLD

Segment breakdown not available.

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