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Financials · BFLY

Butterfly Network Inc. (BFLY) financials

For the twelve months ended Sep 30, 2026, Butterfly Network Inc. reported $123.25M of revenue and -$53.69M of net income.

Revenue, TTM
$123.25M
Revenue growth, YoY
+39.4%
Net income, TTM
-$53.69M
Net margin
-43.6%
Free cash flow, TTM
-$27.55M
EPS, diluted, TTM
-$0.21
Cash
$122.30M
P/S
13.82
Market cap
$1.70B
Annual revenue$97.61M
FY2019FY2025
Annual net income-$77.06M
FY2019FY2025
Annual free cash flow-$16.05M
FY2019FY2025

BFLY revenue and earnings growth

BFLY revenueQ3 2026$32.60M

Quarter YoY
+51.7%
QoQ
-0.0%
FY YoY
+19.0%
5Y CAGR
+16.1%

BFLY revenue was $32.60M in fiscal Q3 2026 (ended Sep 30, 2026), up 51.7% from a year earlier and down 0.0% from the prior quarter. For the full fiscal 2025 it was $97.61M, up 19.0% from fiscal 2024. Compound annual growth was +16.1% over 5 years. It rose in 5 of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

BFLY net incomeQ3 2026-$12.81M

BFLY net income was -$12.81M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$33.97M a year earlier. For the full fiscal 2025 it was -$77.06M, compared with -$72.49M in fiscal 2024.

BFLY EPSQ3 2026-$0.05

BFLY diluted EPS was -$0.05 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.13 a year earlier. For the full fiscal 2025 it was -$0.31, compared with -$0.34 in fiscal 2024.

BFLY free cash flowQ3 2026-$3.41M

BFLY free cash flow was -$3.41M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$3.90M a year earlier. For the full fiscal 2025 it was -$16.05M, compared with -$44.40M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$97.61M$82.06M$65.90M$73.39M$62.56M$46.25M$27.58M
Cost of revenue$51.88M$33.23M$49.04M$33.93M$45.51M$107.47M$48.48M
Gross profit$45.73M$48.83M$16.86M$39.46M$17.05M-$61.22M-$20.89M
Research and development$36.26M$37.80M$55.62M$88.04M$74.46M$49.74M$48.93M
Selling, general and admin$39.23M$39.81M$49.61M$77.60M$85.72M$24.39M$18.18M
Operating income-$86.42M-$74.41M-$145.61M-$193.02M-$192.73M-$161.62M-$102.30M
Interest expense$1.49M$1.26M$0$2.0K$651.0K$1.14M-
Pre-tax income-$76.95M-$72.52M-$133.62M-$168.68M-$32.29M-$162.71M-$99.70M
Income tax$110.0K-$32.0K$82.0K$42.0K$121.0K$39.0K-
Net income-$77.06M-$72.49M-$133.70M-$168.72M-$32.41M-$162.75M-$99.70M
EPS, basic-$0.31-$0.34-$0.65-$0.84-$0.19-$26.87-$17.08
EPS, diluted-$0.31-$0.34-$0.65-$0.84-$0.19-$26.87-$17.08
Diluted shares247.1M211.7M205.4M199.8M173.8M6.1M5.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$150.49M$92.79M$138.65M$166.83M$426.84M$60.21M$90.00M
Short-term investments---$75.25M---
Receivables$26.74M$20.79M$13.42M$14.69M$11.94M$5.75M-
Inventory$61.39M$70.79M$73.02M$59.97M$36.24M$25.80M-
Current assets$249.10M$192.61M$231.26M$357.14M$511.90M$97.33M-
Total assets$296.53M$256.08M$304.27M$417.57M$571.97M$147.19M-
Current liabilities$65.12M$48.22M$44.27M$51.33M$49.83M$69.69M-
Total liabilities$100.55M$87.25M$84.22M$92.21M$124.27M$148.19M-
Shareholders' equity$195.98M$168.83M$220.05M$325.36M$447.69M-$361.93M-$212.28M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow-$12.70M-$41.71M-$98.82M-$169.12M-$189.19M-$81.70M-$120.43M
Capital expenditures$3.35M$2.69M$5.78M$18.30M$7.88M$2.38M$4.47M
Free cash flow-$16.05M-$44.40M-$104.60M-$187.42M-$197.06M-$84.08M-$124.90M
Investing cash flow-$3.35M-$2.66M$70.41M-$93.78M-$9.87M-$2.38M-$4.47M
Financing cash flow$77.76M-$1.50M$228.0K$2.88M$565.69M$54.28M$324.0K
Stock-based compensation$23.43M$21.03M$27.48M$42.53M$47.80M$11.00M$6.04M
Depreciation and amortization$6.70M$8.90M$8.70M$5.90M$2.10M$1.32M$758.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY19.0%24.5%-10.2%17.3%35.3%67.7%-
Gross margin46.9%59.5%25.6%53.8%27.3%-132.4%-75.8%
Operating margin-88.5%-90.7%-221.0%-263.0%-308.0%-349.4%-370.9%
Net margin-79.0%-88.3%-202.9%-229.9%-51.8%-351.9%-361.4%
Free cash flow margin-16.4%-54.1%-158.7%-255.4%-315.0%-181.8%-452.8%
Return on equity-39.3%-42.9%-60.8%-51.9%-7.2%--
Return on assets-26.0%-28.3%-43.9%-40.4%-5.7%-110.6%-
Current ratio3.833.995.226.9610.271.40-

Source: XBRL data Butterfly Network Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BFLY peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BFLY$123.25M+39.4%-$53.69M-43.6%$1.70B
GEHC$21.64B+6.9%$2.15B10.0%$37.25B
PHG€17.83B-1.0%€895.00M5.0%$29.83B
NNOX$13.02M+15.4%-$75.02M-576.1%$19.2M

BFLY FAQ

9 questions
  • What is BFLY revenue?
    Butterfly Network Inc. (BFLY) reported $123.25M of revenue for the twelve months ended Sep 30, 2026. That is up 39.4% from the year before. Revenue for fiscal 2025 was $97.61M.
  • Is BFLY profitable?
    No. Butterfly Network Inc. reported a net loss of $53.69M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does BFLY have?
    Butterfly Network Inc. reported $122.30M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is BFLY revenue growing?
    Butterfly Network Inc.'s revenue changed +19.0% in fiscal 2025, to $97.61M. Its compound annual growth rate was +16.1% over 5 years.
  • What is BFLY gross margin?
    Butterfly Network Inc.'s gross profit was $86.60M on $123.25M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 70.3%.
  • What is BFLY free cash flow?
    Butterfly Network Inc. generated -$27.55M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$23.40M less capital expenditures.
  • What is BFLY earnings per share?
    Diluted earnings per share were -$0.21 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BFLY last report financial results?
    The latest statements here come from Butterfly Network Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this BFLY financial data come from?
    Quantisnow builds these statements from the structured XBRL data Butterfly Network Inc. files with the SEC. It is provided for information only and is not investment advice.