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Side-by-side financial comparison of BillionToOne, Inc. (BLLN) and URBAN ONE, INC. (UONE). Click either name above to swap in a different company.

URBAN ONE, INC. is the larger business by last-quarter revenue ($97.8M vs $83.5M, roughly 1.2× BillionToOne, Inc.). BillionToOne, Inc. runs the higher net margin — 6.8% vs -55.6%, a 62.4% gap on every dollar of revenue. On growth, BillionToOne, Inc. posted the faster year-over-year revenue change (117.4% vs -16.5%). BillionToOne, Inc. produced more free cash flow last quarter ($6.5M vs $-7.2M).

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.

Urban One, Inc. is an American media conglomerate based in Silver Spring, Maryland. Founded in 1980 by Cathy Hughes, the company primarily operates media properties targeting African Americans.

BLLN vs UONE — Head-to-Head

Bigger by revenue
UONE
UONE
1.2× larger
UONE
$97.8M
$83.5M
BLLN
Growing faster (revenue YoY)
BLLN
BLLN
+133.9% gap
BLLN
117.4%
-16.5%
UONE
Higher net margin
BLLN
BLLN
62.4% more per $
BLLN
6.8%
-55.6%
UONE
More free cash flow
BLLN
BLLN
$13.6M more FCF
BLLN
$6.5M
$-7.2M
UONE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLLN
BLLN
UONE
UONE
Revenue
$83.5M
$97.8M
Net Profit
$5.7M
$-54.4M
Gross Margin
69.9%
Operating Margin
11.5%
-55.2%
Net Margin
6.8%
-55.6%
Revenue YoY
117.4%
-16.5%
Net Profit YoY
138.3%
-52.5%
EPS (diluted)
$0.10
$-30.88

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
UONE
UONE
Q4 25
$97.8M
Q3 25
$83.5M
$92.7M
Q2 25
$91.6M
Q1 25
$92.2M
Q4 24
$45.1M
$117.1M
Q3 24
$38.4M
$110.4M
Q2 24
$117.7M
Q1 24
$104.4M
Net Profit
BLLN
BLLN
UONE
UONE
Q4 25
$-54.4M
Q3 25
$5.7M
$-2.8M
Q2 25
$-77.9M
Q1 25
$-11.7M
Q4 24
$-11.5M
$-35.7M
Q3 24
$-14.9M
$-31.8M
Q2 24
$-45.4M
Q1 24
$7.5M
Gross Margin
BLLN
BLLN
UONE
UONE
Q4 25
Q3 25
69.9%
Q2 25
Q1 25
Q4 24
57.1%
Q3 24
52.6%
Q2 24
Q1 24
Operating Margin
BLLN
BLLN
UONE
UONE
Q4 25
-55.2%
Q3 25
11.5%
2.7%
Q2 25
-131.7%
Q1 25
2.3%
Q4 24
17.0%
-1.6%
Q3 24
-32.9%
-23.7%
Q2 24
-51.3%
Q1 24
12.3%
Net Margin
BLLN
BLLN
UONE
UONE
Q4 25
-55.6%
Q3 25
6.8%
-3.1%
Q2 25
-85.0%
Q1 25
-12.7%
Q4 24
-25.5%
-30.4%
Q3 24
-38.8%
-28.8%
Q2 24
-38.6%
Q1 24
7.2%
EPS (diluted)
BLLN
BLLN
UONE
UONE
Q4 25
$-30.88
Q3 25
$0.10
$-0.06
Q2 25
$-1.74
Q1 25
$-0.26
Q4 24
$-1.13
$-20.76
Q3 24
$-1.47
$-0.68
Q2 24
$-0.94
Q1 24
$0.15

Balance Sheet & Financial Strength

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

Metric
BLLN
BLLN
UONE
UONE
Cash + ST InvestmentsLiquidity on hand
$195.2M
$25.5M
Total DebtLower is stronger
$55.0M
$429.7M
Stockholders' EquityBook value
$-239.5M
$24.6M
Total Assets
$327.5M
$593.0M
Debt / EquityLower = less leverage
17.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
UONE
UONE
Q4 25
$25.5M
Q3 25
$195.2M
$79.3M
Q2 25
$85.7M
Q1 25
$115.1M
Q4 24
$191.5M
$137.1M
Q3 24
$115.0M
Q2 24
$131.9M
Q1 24
$155.3M
Total Debt
BLLN
BLLN
UONE
UONE
Q4 25
$429.7M
Q3 25
$55.0M
$484.3M
Q2 25
$488.4M
Q1 25
$551.5M
Q4 24
$51.5M
$579.1M
Q3 24
$593.9M
Q2 24
$607.9M
Q1 24
$650.0M
Stockholders' Equity
BLLN
BLLN
UONE
UONE
Q4 25
$24.6M
Q3 25
$-239.5M
$78.8M
Q2 25
$82.2M
Q1 25
$159.2M
Q4 24
$-251.7M
$170.9M
Q3 24
$-242.9M
$204.8M
Q2 24
$239.4M
Q1 24
$285.2M
Total Assets
BLLN
BLLN
UONE
UONE
Q4 25
$593.0M
Q3 25
$327.5M
$723.5M
Q2 25
$729.2M
Q1 25
$890.6M
Q4 24
$302.1M
$944.8M
Q3 24
$962.6M
Q2 24
$1.0B
Q1 24
$1.1B
Debt / Equity
BLLN
BLLN
UONE
UONE
Q4 25
17.47×
Q3 25
6.14×
Q2 25
5.94×
Q1 25
3.46×
Q4 24
3.39×
Q3 24
2.90×
Q2 24
2.54×
Q1 24
2.28×

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
UONE
UONE
Operating Cash FlowLast quarter
$13.8M
$-4.0M
Free Cash FlowOCF − Capex
$6.5M
$-7.2M
FCF MarginFCF / Revenue
7.7%
-7.3%
Capex IntensityCapex / Revenue
8.8%
3.3%
Cash ConversionOCF / Net Profit
2.42×
TTM Free Cash FlowTrailing 4 quarters
$-5.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLLN
BLLN
UONE
UONE
Q4 25
$-4.0M
Q3 25
$13.8M
$-161.0K
Q2 25
$6.2M
Q1 25
$2.1M
Q4 24
$35.6M
Q3 24
$-1.8M
Q2 24
$6.2M
Q1 24
$-2.5M
Free Cash Flow
BLLN
BLLN
UONE
UONE
Q4 25
$-7.2M
Q3 25
$6.5M
$-3.3M
Q2 25
$5.0M
Q1 25
$-462.0K
Q4 24
$34.1M
Q3 24
$-3.5M
Q2 24
$3.9M
Q1 24
$-4.3M
FCF Margin
BLLN
BLLN
UONE
UONE
Q4 25
-7.3%
Q3 25
7.7%
-3.5%
Q2 25
5.4%
Q1 25
-0.5%
Q4 24
29.1%
Q3 24
-3.1%
Q2 24
3.3%
Q1 24
-4.1%
Capex Intensity
BLLN
BLLN
UONE
UONE
Q4 25
3.3%
Q3 25
8.8%
3.3%
Q2 25
1.3%
Q1 25
2.8%
Q4 24
1.3%
Q3 24
1.5%
Q2 24
1.9%
Q1 24
1.7%
Cash Conversion
BLLN
BLLN
UONE
UONE
Q4 25
Q3 25
2.42×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.33×

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%

UONE
UONE

Radio Advertising$31.7M32%
Cable Television Advertising$18.3M19%
Cable Television Affiliate Fees$16.5M17%
Digital Advertising$14.7M15%
Reach Media Segment$13.8M14%
Event Revenues And Other$2.6M3%

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