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Side-by-side financial comparison of BillionToOne, Inc. (BLLN) and Sila Realty Trust, Inc. (SILA). Click either name above to swap in a different company.

BillionToOne, Inc. is the larger business by last-quarter revenue ($83.5M vs $50.1M, roughly 1.7× Sila Realty Trust, Inc.). Sila Realty Trust, Inc. runs the higher net margin — 10.0% vs 6.8%, a 3.2% gap on every dollar of revenue. On growth, BillionToOne, Inc. posted the faster year-over-year revenue change (117.4% vs 7.6%).

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.

Sila Realty Trust, Inc. is a U.S.-based real estate investment trust that owns, operates, and acquires high-quality income-generating commercial properties. Its core portfolio covers industrial logistics facilities, office assets and mixed-use properties, serving tenants across logistics, corporate and retail segments to deliver stable long-term returns.

BLLN vs SILA — Head-to-Head

Bigger by revenue
BLLN
BLLN
1.7× larger
BLLN
$83.5M
$50.1M
SILA
Growing faster (revenue YoY)
BLLN
BLLN
+109.8% gap
BLLN
117.4%
7.6%
SILA
Higher net margin
SILA
SILA
3.2% more per $
SILA
10.0%
6.8%
BLLN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLLN
BLLN
SILA
SILA
Revenue
$83.5M
$50.1M
Net Profit
$5.7M
$5.0M
Gross Margin
69.9%
88.9%
Operating Margin
11.5%
Net Margin
6.8%
10.0%
Revenue YoY
117.4%
7.6%
Net Profit YoY
138.3%
-54.9%
EPS (diluted)
$0.10
$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
SILA
SILA
Q4 25
$50.1M
Q3 25
$83.5M
$49.8M
Q2 25
$48.7M
Q1 25
$48.3M
Q4 24
$46.5M
Q3 24
$38.4M
$46.1M
Q2 24
$43.6M
Q1 24
$50.6M
Net Profit
BLLN
BLLN
SILA
SILA
Q4 25
$5.0M
Q3 25
$5.7M
$11.6M
Q2 25
$8.6M
Q1 25
$7.9M
Q4 24
$11.1M
Q3 24
$-14.9M
$11.9M
Q2 24
$4.6M
Q1 24
$15.0M
Gross Margin
BLLN
BLLN
SILA
SILA
Q4 25
88.9%
Q3 25
69.9%
88.1%
Q2 25
87.7%
Q1 25
86.9%
Q4 24
87.3%
Q3 24
52.6%
87.4%
Q2 24
86.6%
Q1 24
89.0%
Operating Margin
BLLN
BLLN
SILA
SILA
Q4 25
Q3 25
11.5%
Q2 25
Q1 25
Q4 24
Q3 24
-32.9%
Q2 24
Q1 24
Net Margin
BLLN
BLLN
SILA
SILA
Q4 25
10.0%
Q3 25
6.8%
23.3%
Q2 25
17.6%
Q1 25
16.4%
Q4 24
23.9%
Q3 24
-38.8%
25.9%
Q2 24
10.6%
Q1 24
29.6%
EPS (diluted)
BLLN
BLLN
SILA
SILA
Q4 25
$0.10
Q3 25
$0.10
$0.21
Q2 25
$0.15
Q1 25
$0.14
Q4 24
$0.20
Q3 24
$-1.47
$0.21
Q2 24
$0.08
Q1 24
$0.26

Balance Sheet & Financial Strength

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

Metric
BLLN
BLLN
SILA
SILA
Cash + ST InvestmentsLiquidity on hand
$195.2M
$32.3M
Total DebtLower is stronger
$55.0M
Stockholders' EquityBook value
$-239.5M
$1.3B
Total Assets
$327.5M
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
SILA
SILA
Q4 25
$32.3M
Q3 25
$195.2M
$27.7M
Q2 25
$24.8M
Q1 25
$30.5M
Q4 24
$39.8M
Q3 24
$28.6M
Q2 24
$87.0M
Q1 24
$90.2M
Total Debt
BLLN
BLLN
SILA
SILA
Q4 25
Q3 25
$55.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BLLN
BLLN
SILA
SILA
Q4 25
$1.3B
Q3 25
$-239.5M
$1.3B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$-242.9M
$1.4B
Q2 24
$1.5B
Q1 24
$1.5B
Total Assets
BLLN
BLLN
SILA
SILA
Q4 25
$2.1B
Q3 25
$327.5M
$2.1B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.0B
Q2 24
$2.1B
Q1 24
$2.1B

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
SILA
SILA
Operating Cash FlowLast quarter
$13.8M
$119.1M
Free Cash FlowOCF − Capex
$6.5M
FCF MarginFCF / Revenue
7.7%
Capex IntensityCapex / Revenue
8.8%
Cash ConversionOCF / Net Profit
2.42×
23.76×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLLN
BLLN
SILA
SILA
Q4 25
$119.1M
Q3 25
$13.8M
$30.0M
Q2 25
$31.9M
Q1 25
$24.1M
Q4 24
$132.8M
Q3 24
$29.1M
Q2 24
$31.6M
Q1 24
$36.6M
Free Cash Flow
BLLN
BLLN
SILA
SILA
Q4 25
Q3 25
$6.5M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BLLN
BLLN
SILA
SILA
Q4 25
Q3 25
7.7%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BLLN
BLLN
SILA
SILA
Q4 25
Q3 25
8.8%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
BLLN
BLLN
SILA
SILA
Q4 25
23.76×
Q3 25
2.42×
2.59×
Q2 25
3.71×
Q1 25
3.06×
Q4 24
11.95×
Q3 24
2.43×
Q2 24
6.84×
Q1 24
2.44×

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%

SILA
SILA

Segment breakdown not available.

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