Butterfly Network, Inc.BFLYEarnings & Financial Report
Butterfly Network, Inc. is a digital health company that develops, manufactures and sells affordable, portable whole-body ultrasound devices powered by proprietary semiconductor technology. It serves clinical professionals, healthcare facilities, and home care users across global markets, with a core mission to expand access to medical imaging for underserved communities.
Revenue
$20.6M
Gross Profit
$12.2M
Operating Profit
$-17.2M
Net Profit
$-16.9M
Gross Margin
59.5%
Operating Margin
-83.9%
Net Margin
-82.3%
YoY Growth
33.3%
EPS
$-0.08
Butterfly Network, Inc. Q3 FY2024 Financial Summary
Butterfly Network, Inc. reported revenue of $20.6M (up 33.3% YoY) for Q3 FY2024, with a net profit of $-16.9M (up 38.2% YoY) (-82.3% margin). Cost of goods sold was $8.3M, operating expenses totaled $29.5M.
Key Financial Metrics
| Total Revenue | $20.6M |
|---|---|
| Net Profit | $-16.9M |
| Gross Margin | 59.5% |
| Operating Margin | -83.9% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
Butterfly Network, Inc. Q3 FY2024 revenue of $20.6M breaks down across 2 segments, led by Products at $13.5M (65.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $13.5M | 65.8% |
| Service Other | $7.0M | 34.2% |
Butterfly Network, Inc. Revenue by Segment — Quarterly Trend
Butterfly Network, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Products and Service Other) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Products | — | $18.1M | $14.6M | $16.6M |
Butterfly Network, Inc. Annual Revenue by Year
Butterfly Network, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $97.6M).
| Year | Annual Revenue |
|---|---|
| 2025 | $97.6M |
| 2024 | $82.1M |
| 2023 | $65.9M |
| 2022 | $73.4M |
Butterfly Network, Inc. Quarterly Revenue & Net Profit History
Butterfly Network, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $26.5M | +25.0% | $-12.7M | -47.8% |
| Q4 FY2025 | $31.5M | +41.0% | $-15.3M | -48.5% |
| Q3 FY2025 | $21.5M | +4.5% | $-34.0M | -158.1% |
| Q2 FY2025 | $23.4M | +8.8% | $-13.8M | -59.2% |
| Q1 FY2025 | $21.2M | +20.2% | $-14.0M | -65.8% |
| Q4 FY2024 | $22.4M | +35.3% | $-18.1M | -81.0% |
| Q3 FY2024 | $20.6M | +33.3% | $-16.9M | -82.3% |
| Q2 FY2024 | $21.5M | +16.2% | $-15.7M | -73.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.5M | $20.6M | $22.4M | $21.2M | $23.4M | $21.5M | $31.5M | $26.5M |
| YoY Growth | 16.2% | 33.3% | 35.3% | 20.2% | 8.8% | 4.5% | 41.0% | 25.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $273.1M | $265.3M | $256.1M | $318.4M | $313.3M | $290.0M | $296.5M | $285.9M |
| Liabilities | $78.8M | $83.4M | $87.3M | $78.7M | $80.5M | $86.2M | $100.6M | $94.7M |
| Equity | $194.3M | $181.8M | $168.8M | $239.7M | $232.8M | $203.8M | $196.0M | $191.2M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-10.0M | $-7.9M | $-3.1M | $-11.7M | $-7.2M | $-2.9M | $9.0M | $-13.9M |