Butterfly Network, Inc. (BFLY) quarterly income statement — complete revenue, gross profit & net income history
Butterfly Network, Inc. (BFLY) annual income statement — 8-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 32.61M | 26.53M | 31.51M | 21.49M | 23.38M | 21.23M | 22.35M | 20.56M | 21.49M | 17.66M | 16.52M | 15.42M | 18.49M | 15.48M | 18.98M | 19.62M | 19.21M | 15.57M | 18.99M | 14.62M |
| Revenue Growth % | 39.47% | 24.99% | 41% | 4.51% | 8.82% | 20.21% | 35.33% | 33.33% | 16.23% | 14.09% | -13% | -21.39% | -3.79% | -0.63% | -0.02% | 34.18% | 16.36% | 25.16% | 21.28% | 44.26% |
| Cost of Goods Sold | 9.32M | 8.24M | 10.29M | 25.25M | 8.49M | 7.84M | 8.62M | 8.33M | 8.9M | 7.38M | 29.05M | 6.04M | 7.57M | 6.39M | 9.43M | 8.63M | 8.64M | 7.23M | 11.45M | 19.74M |
| COGS % of Revenue | 28.59% | 31.08% | 32.66% | 117.48% | 36.32% | 36.96% | 38.55% | 40.5% | 41.42% | 41.8% | 175.91% | 39.16% | 40.92% | 41.27% | 49.66% | 43.99% | 44.98% | 46.44% | 60.29% | 135.03% |
| Gross Profit | 23.29M | 18.29M | 21.22M | -3.76M | 14.89M | 13.38M | 13.73M | 12.23M | 12.59M | 10.28M | -12.54M | 9.38M | 10.92M | 9.09M | 9.56M | 10.99M | 10.57M | 8.34M | 7.54M | -5.12M |
| Gross Margin % | 71.41% | 68.92% | 67.34% | -17.48% | 63.69% | 63.04% | 61.45% | 59.5% | 58.58% | 58.2% | -75.9% | 60.84% | 59.08% | 58.73% | 50.34% | 56.01% | 55.02% | 53.56% | 39.71% | -35.03% |
| Gross Profit Growth % | 56.38% | 36.66% | 54.51% | -130.71% | 18.32% | 30.21% | 209.56% | 30.39% | 15.24% | 13.06% | -231.18% | -14.62% | 3.31% | 8.95% | 26.74% | 314.55% | 28.61% | 30.02% | -13.32% | 92.6% |
| Operating Expenses | 36.95M | 31.77M | 40.69M | 28.62M | 30.99M | 31.85M | 31.05M | 29.48M | 29.82M | 32.9M | 34.19M | 41.95M | 42.19M | 44.14M | 58.56M | 57.02M | 59.03M | 57.88M | 52.84M | 51.87M |
| OpEx % of Revenue | 113.31% | 119.76% | 129.13% | 133.18% | 132.54% | 150.05% | 138.91% | 143.37% | 138.77% | 186.32% | 207.04% | 272% | 228.19% | 285.19% | 308.48% | 290.66% | 307.19% | 371.61% | 278.32% | 354.73% |
| Selling, General & Admin | 26.41M | 22.23M | 23.29M | 19.91M | 22.68M | 21.92M | 22.22M | 20.64M | 20.41M | 22.18M | 22.67M | 29.82M | 26.56M | 27.48M | 39.43M | 32.08M | 35.12M | 34M | 32.84M | 30.21M |
| SG&A % of Revenue | 80.98% | 83.81% | 73.89% | 92.68% | 96.98% | 103.29% | 99.42% | 100.36% | 94.97% | 125.61% | 137.27% | 193.34% | 143.67% | 177.6% | 207.73% | 163.54% | 182.75% | 218.33% | 172.98% | 206.63% |
| Research & Development | 10.54M | 9.54M | 9.32M | 8.7M | 8.31M | 9.92M | 8.82M | 8.84M | 9.41M | 10.72M | 11.21M | 12.13M | 15.63M | 16.65M | 19.12M | 22.04M | 23.22M | 23.62M | 20M | 21.65M |
| R&D % of Revenue | 32.33% | 35.95% | 29.57% | 40.5% | 35.56% | 46.76% | 39.48% | 43.01% | 43.8% | 60.72% | 67.86% | 78.66% | 84.52% | 107.59% | 100.74% | 112.35% | 120.84% | 151.68% | 105.35% | 148.1% |
| Other Operating Expenses | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 316K | 0 | 0 | 0 | 0 | 1000K | 692K | 250K | 0 | 0 |
| Operating Income | -13.66M | -13.49M | -19.47M | -32.38M | -16.1M | -18.47M | -17.31M | -17.25M | -17.23M | -22.62M | -46.73M | -32.56M | -31.26M | -35.05M | -49M | -46.03M | -48.45M | -49.53M | -45.3M | -56.99M |
| Operating Margin % | -41.9% | -50.84% | -61.79% | -150.66% | -68.85% | -87.01% | -77.46% | -83.88% | -80.2% | -128.12% | -282.94% | -211.16% | -169.11% | -226.46% | -258.14% | -234.64% | -252.17% | -318.05% | -238.61% | -389.76% |
| Operating Income Growth % | 15.13% | 26.97% | -12.48% | -87.72% | 6.57% | 18.36% | 62.95% | 47.04% | 44.88% | 35.46% | 4.63% | 29.26% | 35.48% | 29.25% | -8.16% | 19.22% | -32.08% | 7.84% | -103.98% | 37.94% |
| EBITDA | -12M | -11.68M | -17.72M | -30.49M | -14.02M | -16.11M | -14.8M | -14.63M | -14.6M | -20.04M | -44.49M | -28.54M | -29.07M | -32.94M | -47.13M | -44.16M | -47.1M | -48.69M | -44.63M | -56.48M |
| EBITDA Margin % | -36.81% | -44.01% | -56.22% | -141.89% | -59.95% | -75.89% | -66.24% | -71.14% | -67.94% | -113.49% | -269.37% | -185.05% | -157.25% | -212.82% | -248.29% | -225.08% | -245.14% | -312.66% | -235.08% | -386.31% |
| EBITDA Growth % | 14.37% | 27.51% | -19.68% | -108.44% | 3.98% | 19.61% | 66.72% | 48.74% | 49.78% | 39.16% | 5.61% | 35.37% | 38.29% | 32.36% | -5.6% | 21.82% | -30.01% | 8.62% | -104.76% | 38.28% |
| D&A (Non-Cash Add-back) | 1.66M | 1.81M | 1.75M | 1.89M | 2.08M | 2.36M | 2.51M | 2.62M | 2.63M | 2.58M | 2.24M | 4.03M | 2.19M | 2.11M | 1.87M | 1.88M | 1.35M | 839K | 670K | 505K |
| EBIT | -12.63M | -12.4M | -14.84M | -33.57M | -13.45M | -13.61M | -17.88M | -16.55M | -15.38M | -21.46M | -44.12M | -27.37M | -28.68M | -33.45M | -33.73M | -54.71M | -48.45M | -49.53M | -15.16M | -13.56M |
| Net Interest Income | 797K | 907K | 924K | 1.06M | 1.14M | 1.3M | 664K | 902K | 982K | 1.21M | 1.74M | 1.9M | 2.03M | 1.78M | 1.81M | 1.3M | 260K | 10K | 828K | 893K |
| Interest Income | 1.08M | 1.19M | 1.31M | 1.44M | 1.5M | 1.65M | 997K | 1.22M | 1.29M | 1.51M | 1.74M | 1.9M | 2.03M | 1.78M | 1.81M | 1.3M | 260K | 10K | 834K | 893K |
| Interest Expense | 282K | 279K | 390K | 385K | 368K | 347K | 333K | 319K | 309K | 300K | 0 | 0 | 0 | 0 | 0 | 2K | 0 | 0 | 6K | 0 |
| Other Income/Expense | 754K | 811K | 4.25M | -1.58M | 2.29M | 4.51M | -899K | 380K | 1.54M | 863K | 2.61M | 5.2M | 2.59M | 1.59M | 15.27M | -8.68M | 12.68M | 5.07M | 30.14M | 43.42M |
| Pretax Income | -12.91M | -12.68M | -15.23M | -33.95M | -13.81M | -13.96M | -18.21M | -16.87M | -15.69M | -21.76M | -44.12M | -27.37M | -28.68M | -33.45M | -33.73M | -54.72M | -35.78M | -44.46M | -15.17M | -13.56M |
| Pretax Margin % | -39.59% | -47.78% | -48.32% | -158.01% | -59.08% | -65.77% | -81.48% | -82.03% | -73.02% | -123.23% | -267.14% | -177.46% | -155.12% | -216.16% | -177.68% | -278.9% | -186.2% | -285.48% | -79.88% | -92.77% |
| Income Tax | 0 | 0 | 66K | 16K | 20K | 7K | -110K | 58K | 17K | 3K | 0 | 2K | -6K | 87K | -26K | 27K | 23K | 17K | 49K | -3K |
| Effective Tax Rate % | 0% | 0% | -0.43% | -0.05% | -0.14% | -0.05% | 0.6% | -0.34% | -0.11% | -0.01% | 0% | -0.01% | 0.02% | -0.26% | 0.08% | -0.05% | -0.06% | -0.04% | -0.32% | 0.02% |
| Net Income | -12.91M | -12.68M | -15.29M | -33.97M | -13.83M | -13.97M | -18.1M | -16.92M | -15.71M | -21.76M | -44.12M | -27.37M | -28.67M | -33.54M | -33.7M | -54.74M | -35.8M | -44.48M | -15.22M | -13.56M |
| Net Margin % | -39.59% | -47.78% | -48.52% | -158.09% | -59.16% | -65.8% | -80.99% | -82.31% | -73.1% | -123.25% | -267.14% | -177.47% | -155.09% | -216.72% | -177.54% | -279.04% | -186.32% | -285.58% | -80.14% | -92.75% |
| Net Income Growth % | 6.68% | 9.24% | 15.52% | -100.73% | 11.92% | 35.82% | 58.97% | 38.16% | 45.22% | 35.12% | -30.91% | 50.01% | 19.92% | 24.59% | -121.5% | -303.67% | -1116.89% | -6345.94% | 33.68% | 85.29% |
| Net Income (Continuing) | -12.91M | -12.68M | -15.29M | -33.97M | -13.83M | -13.97M | -18.1M | -16.92M | -15.71M | -21.76M | -44.12M | -27.37M | -28.67M | -33.54M | -33.7M | -54.74M | -35.8M | -44.48M | -15.22M | -13.56M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.05 | -0.05 | -0.06 | -0.13 | -0.06 | -0.06 | -0.08 | -0.08 | -0.07 | -0.10 | -0.21 | -0.13 | -0.14 | -0.17 | -0.17 | -0.27 | -0.18 | -0.22 | -0.08 | -0.07 |
| EPS Growth % | 10.23% | 16.97% | 29.25% | -63.52% | 24.93% | 40.5% | 59.62% | 38.85% | 47% | 41.18% | -23.53% | 51.85% | 22.22% | 22.73% | -121.35% | -290.17% | -1076.47% | - | 97.94% | 99.54% |
| EPS (Basic) | -0.05 | -0.05 | -0.06 | -0.13 | -0.06 | -0.06 | -0.08 | -0.08 | -0.07 | -0.10 | -0.21 | -0.13 | -0.14 | -0.17 | -0.17 | -0.27 | -0.18 | -0.22 | -0.08 | -0.07 |
| Diluted Shares Outstanding | 262.1M | 256.52M | 252.84M | 252.09M | 241.7M | 234.92M | 211.68M | 212.77M | 211.66M | 208.87M | 207.27M | 206.74M | 204.9M | 202.57M | 200.8M | 200.17M | 199.4M | 199M | 198M | 196.1M |
| Basic Shares Outstanding | 262.1M | 256.52M | 252.84M | 252.09M | 241.7M | 234.92M | 211.68M | 212.77M | 211.66M | 208.87M | 207.27M | 206.74M | 204.9M | 202.57M | 200.8M | 200.17M | 199.4M | 199M | 198M | 196.1M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |