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

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $83.5M, roughly 1.3× BillionToOne, Inc.). BillionToOne, Inc. runs the higher net margin — 6.8% vs -0.7%, a 7.6% gap on every dollar of revenue. On growth, BillionToOne, Inc. posted the faster year-over-year revenue change (117.4% vs 0.6%). ZIPRECRUITER, INC. produced more free cash flow last quarter ($7.6M 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.

BLLN vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.3× larger
ZIP
$111.7M
$83.5M
BLLN
Growing faster (revenue YoY)
BLLN
BLLN
+116.8% gap
BLLN
117.4%
0.6%
ZIP
Higher net margin
BLLN
BLLN
7.6% more per $
BLLN
6.8%
-0.7%
ZIP
More free cash flow
ZIP
ZIP
$1.2M more FCF
ZIP
$7.6M
$6.5M
BLLN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLLN
BLLN
ZIP
ZIP
Revenue
$83.5M
$111.7M
Net Profit
$5.7M
$-835.0K
Gross Margin
69.9%
89.1%
Operating Margin
11.5%
3.6%
Net Margin
6.8%
-0.7%
Revenue YoY
117.4%
0.6%
Net Profit YoY
138.3%
92.3%
EPS (diluted)
$0.10
$-0.03

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
ZIP
ZIP
Q4 25
$111.7M
Q3 25
$83.5M
$115.0M
Q2 25
$112.2M
Q1 25
$110.1M
Q4 24
$111.0M
Q3 24
$38.4M
$117.1M
Q2 24
$123.7M
Q1 24
$122.2M
Net Profit
BLLN
BLLN
ZIP
ZIP
Q4 25
$-835.0K
Q3 25
$5.7M
$-9.8M
Q2 25
$-9.5M
Q1 25
$-12.8M
Q4 24
$-10.8M
Q3 24
$-14.9M
$-2.6M
Q2 24
$7.0M
Q1 24
$-6.5M
Gross Margin
BLLN
BLLN
ZIP
ZIP
Q4 25
89.1%
Q3 25
69.9%
89.1%
Q2 25
89.3%
Q1 25
89.4%
Q4 24
89.6%
Q3 24
52.6%
89.4%
Q2 24
89.5%
Q1 24
89.1%
Operating Margin
BLLN
BLLN
ZIP
ZIP
Q4 25
3.6%
Q3 25
11.5%
-4.4%
Q2 25
-5.9%
Q1 25
-10.6%
Q4 24
-3.6%
Q3 24
-32.9%
-2.8%
Q2 24
7.6%
Q1 24
-0.7%
Net Margin
BLLN
BLLN
ZIP
ZIP
Q4 25
-0.7%
Q3 25
6.8%
-8.5%
Q2 25
-8.5%
Q1 25
-11.7%
Q4 24
-9.7%
Q3 24
-38.8%
-2.2%
Q2 24
5.7%
Q1 24
-5.3%
EPS (diluted)
BLLN
BLLN
ZIP
ZIP
Q4 25
$-0.03
Q3 25
$0.10
$-0.11
Q2 25
$-0.10
Q1 25
$-0.13
Q4 24
$-0.10
Q3 24
$-1.47
$-0.03
Q2 24
$0.07
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
BLLN
BLLN
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$195.2M
$188.0M
Total DebtLower is stronger
$55.0M
Stockholders' EquityBook value
$-239.5M
$-77.2M
Total Assets
$327.5M
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
ZIP
ZIP
Q4 25
$188.0M
Q3 25
$195.2M
$211.8M
Q2 25
$203.5M
Q1 25
$221.1M
Q4 24
$218.4M
Q3 24
$225.6M
Q2 24
$271.7M
Q1 24
$282.5M
Total Debt
BLLN
BLLN
ZIP
ZIP
Q4 25
Q3 25
$55.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BLLN
BLLN
ZIP
ZIP
Q4 25
$-77.2M
Q3 25
$-239.5M
$-76.1M
Q2 25
$-65.9M
Q1 25
$-11.3M
Q4 24
$13.4M
Q3 24
$-242.9M
$13.6M
Q2 24
$24.4M
Q1 24
$12.7M
Total Assets
BLLN
BLLN
ZIP
ZIP
Q4 25
$569.7M
Q3 25
$327.5M
$573.6M
Q2 25
$592.4M
Q1 25
$629.4M
Q4 24
$664.1M
Q3 24
$652.0M
Q2 24
$665.3M
Q1 24
$662.4M

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
ZIP
ZIP
Operating Cash FlowLast quarter
$13.8M
$7.7M
Free Cash FlowOCF − Capex
$6.5M
$7.6M
FCF MarginFCF / Revenue
7.7%
6.8%
Capex IntensityCapex / Revenue
8.8%
0.1%
Cash ConversionOCF / Net Profit
2.42×
TTM Free Cash FlowTrailing 4 quarters
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLLN
BLLN
ZIP
ZIP
Q4 25
$7.7M
Q3 25
$13.8M
$2.6M
Q2 25
$10.5M
Q1 25
$-9.9M
Q4 24
$12.5M
Q3 24
$9.3M
Q2 24
$21.9M
Q1 24
$2.0M
Free Cash Flow
BLLN
BLLN
ZIP
ZIP
Q4 25
$7.6M
Q3 25
$6.5M
$2.2M
Q2 25
$10.2M
Q1 25
$-10.2M
Q4 24
$12.0M
Q3 24
$9.2M
Q2 24
$21.7M
Q1 24
$1.9M
FCF Margin
BLLN
BLLN
ZIP
ZIP
Q4 25
6.8%
Q3 25
7.7%
1.9%
Q2 25
9.1%
Q1 25
-9.3%
Q4 24
10.8%
Q3 24
7.8%
Q2 24
17.6%
Q1 24
1.6%
Capex Intensity
BLLN
BLLN
ZIP
ZIP
Q4 25
0.1%
Q3 25
8.8%
0.3%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.4%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
BLLN
BLLN
ZIP
ZIP
Q4 25
Q3 25
2.42×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.12×
Q1 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%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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