8-K Announcements
6Apr 30, 2026·SEC
Feb 26, 2026·SEC
Jan 14, 2026·SEC
Butterfly Network, Inc. (BFLY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Butterfly Network, Inc. (BFLY) stock price & volume — 10-year historical chart
Butterfly Network, Inc. (BFLY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Butterfly Network, Inc. (BFLY) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.03vs $0.04+25.0% | $27Mvs $26M+1.7% |
| Q1 2026 | Feb 26, 2026 | $0.02vs $0.04+50.0% | $32Mvs $26M+21.6% |
| Q4 2025 | Oct 31, 2025 | $0.13vs $0.07-85.7% | $21Mvs $26M-18.1% |
| Q3 2025 | Aug 1, 2025 | $0.06vs $0.07+14.3% | $23Mvs $23M+0.8% |
Butterfly Network, Inc. (BFLY) competitors in Imaging, radiation, and oncology devices — business model, growth, and fundamentals comparison
Butterfly Network, Inc. (BFLY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Butterfly Network, Inc. (BFLY) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.53M | 27.58M | 46.25M | 62.56M | 73.39M | 65.9M | 82.06M | 97.61M | 102.92M |
| Revenue Growth % | - | 1707.54% | 67.68% | 35.27% | 17.3% | -10.21% | 24.52% | 18.96% | 20.2% |
| Cost of Goods Sold | 2.25M | 48.48M | 107.47M | 45.51M | 33.93M | 49.04M | 33.23M | 51.88M | 52.28M |
| COGS % of Revenue | 147.77% | 175.75% | 232.37% | 72.74% | 46.23% | 74.42% | 40.49% | 53.15% | - |
| Gross Profit | -729K▲ 0% | -20.89M▼ 2766.3% | -61.22M▼ 193.0% | 17.05M▲ 127.9% | 39.46M▲ 131.4% | 16.86M▼ 57.3% | 48.83M▲ 189.7% | 45.73M▼ 6.3% | 50.64M▲ 0% |
| Gross Margin % | -47.77% | -75.75% | -132.37% | 27.26% | 53.77% | 25.58% | 59.51% | 46.85% | 49.21% |
| Gross Profit Growth % | - | -2766.26% | -193% | 127.86% | 131.38% | -57.28% | 189.7% | -6.34% | - |
| Operating Expenses | 52.36M | 81.4M | 100.4M | 209.78M | 232.48M | 162.47M | 123.24M | 132.15M | 132.07M |
| OpEx % of Revenue | 3431% | 295.11% | 217.06% | 335.3% | 316.77% | 246.53% | 150.19% | 135.38% | - |
| Selling, General & Admin | 17.4M | 32.47M | 50.66M | 135.32M | 144.44M | 106.85M | 85.44M | 85.11M | 88.11M |
| SG&A % of Revenue | 1140.43% | 117.71% | 109.53% | 216.29% | 196.81% | 162.14% | 104.13% | 87.19% | - |
| Research & Development | 34.95M | 48.93M | 49.74M | 74.46M | 88.04M | 55.62M | 37.8M | 36.26M | 35.88M |
| R&D % of Revenue | 2290.56% | 177.41% | 107.54% | 119.01% | 119.97% | 84.39% | 46.07% | 37.15% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.78M | 1000K |
| Operating Income | -53.09M▲ 0% | -102.3M▼ 92.7% | -161.62M▼ 58.0% | -192.73M▼ 19.2% | -193.02M▼ 0.2% | -145.61M▲ 24.6% | -74.41M▲ 48.9% | -86.42M▼ 16.1% | -81.82M▲ 0% |
| Operating Margin % | -3478.77% | -370.87% | -349.43% | -308.04% | -263.01% | -220.96% | -90.68% | -88.53% | -79.5% |
| Operating Income Growth % | - | -92.7% | -57.99% | -19.25% | -0.15% | 24.56% | 48.9% | -16.13% | - |
| EBITDA | -52.7M | -101.54M | -160.3M | -190.64M | -187.09M | -135.04M | -64.07M | -78.33M | -76.1M |
| EBITDA Margin % | -3453.15% | -368.12% | -346.59% | -304.7% | -254.92% | -204.91% | -78.08% | -80.25% | -73.94% |
| EBITDA Growth % | - | -92.69% | -57.87% | -18.92% | 1.86% | 27.82% | 52.55% | -22.27% | -26.54% |
| D&A (Non-Cash Add-back) | 391K | 758K | 1.32M | 2.09M | 5.93M | 10.57M | 10.34M | 8.08M | 5.72M |
| EBIT | -53.09M | -99.7M | -161.56M | -31.64M | -168.68M | -133.62M | -71.26M | -75.46M | -61.85M |
| Net Interest Income | 0 | 2.69M | -856K | 1.92M | 3.38M | 7.45M | 3.76M | 4.42M | 3.12M |
| Interest Income | 2.32M | 2.69M | 285K | 2.57M | 3.38M | 7.45M | 5.02M | 5.91M | 5.45M |
| Interest Expense | 0 | 0 | 1.14M | 651K | 2K | 0 | 1.26M | 1.49M | 864K |
| Other Income/Expense | 2.32M | 2.6M | -1.09M | 160.44M | 24.34M | 11.99M | 1.89M | 9.46M | 6.15M |
| Pretax Income | -50.77M▲ 0% | -99.7M▼ 96.4% | -162.71M▼ 63.2% | -32.29M▲ 80.2% | -168.68M▼ 422.4% | -133.62M▲ 20.8% | -72.52M▲ 45.7% | -76.95M▼ 6.1% | -75.67M▲ 0% |
| Pretax Margin % | -3326.67% | -361.44% | -351.78% | -51.61% | -229.84% | -202.76% | -88.38% | -78.84% | -73.53% |
| Income Tax | 0 | 0 | 39K | 121K | 42K | 82K | -32K | 110K | 102K |
| Effective Tax Rate % | 0% | 0% | -0.02% | -0.37% | -0.02% | -0.06% | 0.04% | -0.14% | -0.13% |
| Net Income | -50.77M▲ 0% | -99.6M▼ 96.2% | -162.75M▼ 63.4% | -32.41M▲ 80.1% | -168.72M▼ 420.6% | -133.7M▲ 20.8% | -72.49M▲ 45.8% | -77.06M▼ 6.3% | -75.77M▲ 0% |
| Net Margin % | -3326.67% | -361.1% | -351.87% | -51.8% | -229.9% | -202.88% | -88.34% | -78.95% | -73.63% |
| Net Income Growth % | - | -96.2% | -63.4% | 80.09% | -420.61% | 20.76% | 45.78% | -6.31% | -17.12% |
| Net Income (Continuing) | -50.77M | -99.7M | -162.75M | -32.41M | -168.72M | -133.7M | -72.49M | -77.06M | -75.77M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -9.63▲ 0% | -16.45▼ 70.8% | -26.87▼ 63.3% | -0.19▲ 99.3% | -0.84▼ 342.1% | -0.65▲ 22.6% | -0.34▲ 47.7% | -0.31▲ 8.8% | -0.30▲ 0% |
| EPS Growth % | - | -70.82% | -63.34% | 99.29% | -342.11% | 22.62% | 47.69% | 8.82% | 0.77% |
| EPS (Basic) | -9.63 | -17.06 | -26.87 | -0.19 | -0.84 | -0.65 | -0.34 | -0.31 | - |
| Diluted Shares Outstanding | 5.27M | 6.06M | 6.06M | 173.81M | 199.85M | 205.39M | 211.68M | 247.12M | 256.52M |
| Basic Shares Outstanding | 5.27M | 5.84M | 6.06M | 173.81M | 199.85M | 205.39M | 211.68M | 247.12M | 256.52M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Butterfly Network, Inc. (BFLY) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 239.19M | 109.25M | 97.33M | 511.9M | 357.14M | 231.26M | 192.61M | 249.1M | 239.79M |
| Cash & Short-Term Investments | 214.58M | 90M | 60.21M | 422.84M | 237.81M | 134.64M | 88.78M | 150.49M | 137.95M |
| Cash Only | 214.58M | 90M | 60.21M | 422.84M | 162.56M | 134.64M | 88.78M | 150.49M | 137.95M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 75.25M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 756K | 1.95M | 5.75M | 11.94M | 14.69M | 13.42M | 20.79M | 26.74M | 25.21M |
| Days Sales Outstanding | 180.83 | 25.82 | 45.39 | 69.63 | 73.03 | 74.32 | 92.49 | 100.01 | 89.46 |
| Inventory | 10.77M | 9.44M | 25.8M | 36.24M | 59.97M | 73.02M | 70.79M | 61.39M | 59.3M |
| Days Inventory Outstanding | 1.74K | 71.08 | 87.64 | 290.67 | 645.12 | 543.45 | 777.67 | 431.93 | 439.58 |
| Other Current Assets | 12.93M | 7.57M | 2.57M | 13.38M | 35.44M | 2.81M | 6.71M | 10.48M | 17.32M |
| Total Non-Current Assets | 8.88M | 55.88M | 49.86M | 60.06M | 60.43M | 73.01M | 63.47M | 47.43M | 46.13M |
| Property, Plant & Equipment | 1.61M | 5.33M | 6.87M | 38.79M | 52.9M | 41M | 33.75M | 29.24M | 28.35M |
| Fixed Asset Turnover | 0.95x | 5.18x | 6.73x | 1.61x | 1.39x | 1.61x | 2.43x | 3.34x | 3.48x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 10.32M | 8.92M | 7.52M | 7.17M |
| Long-Term Investments | 0 | 0 | 0 | 4M | 4.01M | 4.01M | 4.01M | 4.01M | 12.04M |
| Other Non-Current Assets | 7.27M | 50.56M | 42.99M | 17.27M | 3.52M | 17.68M | 16.79M | 6.66M | 40.61M |
| Total Assets | 248.07M▲ 0% | 165.14M▼ 33.4% | 147.19M▼ 10.9% | 571.97M▲ 288.6% | 417.57M▼ 27.0% | 304.27M▼ 27.1% | 256.08M▼ 15.8% | 296.53M▲ 15.8% | 285.92M▲ 0% |
| Asset Turnover | 0.01x | 0.17x | 0.31x | 0.11x | 0.18x | 0.22x | 0.32x | 0.33x | 0.35x |
| Asset Growth % | - | -33.43% | -10.87% | 288.59% | -26.99% | -27.13% | -15.84% | 15.8% | 29.64% |
| Total Current Liabilities | 5.96M | 15.32M | 69.69M | 49.83M | 51.33M | 44.27M | 48.22M | 65.12M | 59.58M |
| Accounts Payable | 2.62M | 5.17M | 16.4M | 5.8M | 7.21M | 5.09M | 4.25M | 5.44M | 2.82M |
| Days Payables Outstanding | 423.92 | 38.91 | 55.7 | 46.5 | 77.57 | 37.88 | 46.69 | 38.29 | 25.99 |
| Short-Term Debt | 0 | 0 | 0 | 1.39M | 1.93M | 2.19M | 2.44M | 2.68M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 8.44M | 13.07M | 15.86M | 15.63M | 16.14M | 26.91M | 81.59M |
| Other Current Liabilities | 1.72M | 5.82M | 38.87M | 16.82M | 14.17M | 11.92M | 14.2M | 30.09M | 34.1M |
| Current Ratio | 40.10x | 7.13x | 1.40x | 10.27x | 6.96x | 5.22x | 3.99x | 3.83x | 3.83x |
| Quick Ratio | 38.29x | 6.51x | 1.03x | 9.55x | 5.79x | 3.57x | 2.53x | 2.88x | 2.88x |
| Cash Conversion Cycle | 1.5K | 57.99 | 77.33 | 313.8 | 640.59 | 579.89 | 823.47 | 493.65 | 503.06 |
| Total Non-Current Liabilities | 0 | 0 | 78.49M | 74.44M | 40.88M | 39.95M | 39.03M | 35.44M | 35.12M |
| Long-Term Debt | 0 | 0 | 53.89M | 0 | 0 | 0 | 0 | 17.72M | 17.02M |
| Capital Lease Obligations | 0 | 0 | 0 | 27.69M | 29.97M | 22.84M | 20.4M | 0 | 55.23M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 21.81M | 41.28M | 5.96M | 9.72M | 11.32M | 8.32M | 45.43M |
| Total Liabilities | 5.96M | 15.32M | 148.19M | 124.27M | 92.21M | 84.22M | 87.25M | 100.55M | 94.7M |
| Total Debt | 0 | 0 | 53.89M | 29.08M | 31.89M | 25.03M | 22.84M | 20.4M | 17.02M |
| Net Debt | -214.58M | -90M | -6.31M | -393.76M | -130.67M | -109.61M | -65.94M | -130.09M | -120.94M |
| Debt / Equity | - | - | - | 0.06x | 0.10x | 0.11x | 0.14x | 0.10x | 0.10x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | -0.22x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | 1.59x |
| Interest Coverage | - | - | -141.60x | -48.60x | -84339.50x | - | -56.51x | -50.65x | -71.59x |
| Total Equity | 241.99M▲ 0% | 148.66M▼ 38.6% | -994K▼ 100.7% | 447.69M▲ 45139.4% | 325.36M▼ 27.3% | 220.05M▼ 32.4% | 168.83M▼ 23.3% | 195.98M▲ 16.1% | 191.22M▲ 0% |
| Equity Growth % | - | -38.57% | -100.67% | 45139.38% | -27.32% | -32.37% | -23.28% | 16.08% | 27.78% |
| Book Value per Share | 45.93 | 24.55 | -0.16 | 2.58 | 1.63 | 1.07 | 0.80 | 0.79 | 0.75 |
| Total Shareholders' Equity | 241.99M | 148.66M | -994K | 447.69M | 325.36M | 220.05M | 168.83M | 195.98M | 191.22M |
| Common Stock | 1K | 1K | 1K | 20K | 20K | 21K | 22K | 26K | 26K |
| Retained Earnings | -132.36M | -232.06M | -394.81M | -427.21M | -595.94M | -729.64M | -802.13M | -879.19M | -891.87M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Butterfly Network, Inc. (BFLY) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -69.58M | -120.43M | -81.7M | -189.19M | -169.12M | -98.82M | -41.71M | -12.7M | -12.7M |
| Operating CF Margin % | -4559.7% | -436.62% | -176.64% | -302.38% | -230.43% | -149.95% | -50.83% | -13.01% | - |
| Operating CF Growth % | - | -73.08% | 32.16% | -131.56% | 10.61% | 41.57% | 57.79% | 69.55% | 462.35% |
| Net Income | -50.77M | -99.7M | -162.75M | -32.41M | -168.72M | -133.7M | -72.49M | -77.06M | -75.77M |
| Depreciation & Amortization | 391K | 758K | 1.32M | 2.09M | 5.93M | 10.57M | 10.34M | 8.08M | 7.53M |
| Stock-Based Compensation | 5.59M | 6.04M | 11M | 47.8M | 42.53M | 27.48M | 21.03M | 23.43M | 22.69M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 2.59M | 12.21M | 20.7M | -155.62M | -19.46M | 16.96M | 4.23M | 17.61M | 9.41M |
| Working Capital Changes | -27.39M | -39.74M | 48.03M | -51.05M | -29.4M | -20.13M | -4.82M | 15.23M | 21.22M |
| Change in Receivables | -756K | -1.2M | -4.38M | -6.13M | -3.06M | -162K | -8.5M | -6.75M | -6.2M |
| Change in Inventory | -10.91M | -1.39M | -23.49M | -11.29M | -24.51M | -34.13M | 2.22M | 1.43M | 2.09M |
| Change in Payables | 0 | 2.55M | 11.18M | -10.52M | 1.22M | -1.88M | -841K | 5.09M | 4.42M |
| Cash from Investing | -1.1M | -4.47M | -2.38M | -9.87M | -93.78M | 70.41M | -2.66M | -3.35M | -3.94M |
| Capital Expenditures | -1.1M | -4.47M | -2.38M | -7.88M | -18.3M | -5.78M | -2.69M | -3.35M | -3.94M |
| CapEx % of Revenue | 71.95% | 16.2% | 5.14% | 12.59% | 24.94% | 8.78% | 3.28% | 3.43% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 57K | 10K | 36K | 0 | 0 |
| Cash from Financing | 247.84M | 324K | 54.28M | 565.69M | 2.88M | 228K | -1.5M | 77.76M | 1.6M |
| Debt Issued (Net) | 0 | 0 | 54.37M | -4.37M | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | -657K | 548.4M | 0 | 0 | 0 | 2.23M | -81.11M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -657K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 247.84M | 324K | 571K | 21.66M | 2.88M | 228K | -1.5M | 75.53M | 82.71M |
| Net Change in Cash | 177.16M▲ 0% | -124.58M▼ 170.3% | -29.8M▲ 76.1% | 366.63M▲ 1330.5% | -260.01M▼ 170.9% | -28.18M▲ 89.2% | -45.86M▼ 62.8% | 61.71M▲ 234.6% | -17.26M▲ 0% |
| Free Cash Flow | -70.68M▲ 0% | -124.9M▼ 76.7% | -84.08M▲ 32.7% | -197.06M▼ 134.4% | -187.42M▲ 4.9% | -104.6M▲ 44.2% | -44.4M▲ 57.6% | -16.05M▲ 63.9% | -18.86M▲ 0% |
| FCF Margin % | -4631.65% | -452.82% | -181.78% | -314.97% | -255.37% | -158.73% | -54.11% | -16.44% | -18.33% |
| FCF Growth % | - | -76.71% | 32.69% | -134.39% | 4.9% | 44.19% | 57.55% | 63.86% | 45.53% |
| FCF per Share | -13.41 | -20.62 | -13.88 | -1.13 | -0.94 | -0.51 | -0.21 | -0.06 | -0.06 |
| FCF Conversion (FCF/Net Income) | 1.37x | 1.21x | 0.50x | 5.84x | 1.00x | 0.74x | 0.58x | 0.16x | 0.25x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Butterfly Network, Inc. (BFLY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -50.99% | -220.42% | -14.51% | -43.65% | -49.03% | -37.28% | -42.25% | -36.79% |
| Return on Invested Capital (ROIC) | -178.27% | -472.1% | -620.04% | -116.45% | -71.58% | -52.32% | -76.8% | -76.8% |
| Gross Margin | -75.75% | -132.37% | 27.26% | 53.77% | 25.58% | 59.51% | 46.85% | 49.21% |
| Net Margin | -361.1% | -351.87% | -51.8% | -229.9% | -202.88% | -88.34% | -78.95% | -73.63% |
| Debt / Equity | - | - | 0.06x | 0.10x | 0.11x | 0.14x | 0.10x | 0.10x |
| Interest Coverage | - | -141.60x | -48.60x | -84339.50x | - | -56.51x | -50.65x | -71.59x |
| FCF Conversion | 1.21x | 0.50x | 5.84x | 1.00x | 0.74x | 0.58x | 0.16x | 0.25x |
| Revenue Growth | 1707.54% | 67.68% | 35.27% | 17.3% | -10.21% | 24.52% | 18.96% | 20.2% |
Butterfly Network, Inc. (BFLY) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 30, 2026·SEC
Feb 26, 2026·SEC
Jan 14, 2026·SEC
Butterfly Network, Inc. (BFLY) stock FAQ — growth, dividends, profitability & financials explained
Butterfly Network, Inc. (BFLY) reported $102.9M in revenue for fiscal year 2025. This represents a 6644% increase from $1.5M in 2018.
Butterfly Network, Inc. (BFLY) grew revenue by 19.0% over the past year. This is strong growth.
Butterfly Network, Inc. (BFLY) reported a net loss of $75.8M for fiscal year 2025.
Butterfly Network, Inc. (BFLY) has a return on equity (ROE) of -42.2%. Negative ROE indicates the company is unprofitable.
Butterfly Network, Inc. (BFLY) had negative free cash flow of $18.9M in fiscal year 2025, likely due to heavy capital investments.
Butterfly Network, Inc. (BFLY) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates