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Side-by-side financial comparison of Arteris, Inc. (AIP) and Butterfly Network, Inc. (BFLY). Click either name above to swap in a different company.
Butterfly Network, Inc. is the larger business by last-quarter revenue ($26.5M vs $20.1M, roughly 1.3× Arteris, Inc.). Arteris, Inc. runs the higher net margin — -42.2% vs -47.8%, a 5.6% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs 25.0%). Over the past eight quarters, Arteris, Inc.'s revenue compounded faster (24.7% CAGR vs 11.1%).
Arteris, Inc. is a multinational technology company headquartered in Campbell, California. It develops the network-on-chip (NoC) IP and system-on-chip (SoC) integration automation software that is used to create semiconductor chip and chiplet designs for a variety of devices, particularly in automotive electronics, artificial intelligence, machine learning, enterprise computing, communications, consumer, industrial, and aerospace & defense markets. The company specializes in the development a...
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.
AIP vs BFLY — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $26.5M |
| Net Profit | $-8.5M | $-12.7M |
| Gross Margin | 90.8% | 68.9% |
| Operating Margin | -42.0% | -21.2% |
| Net Margin | -42.2% | -47.8% |
| Revenue YoY | 30.0% | 25.0% |
| Net Profit YoY | -3.7% | — |
| EPS (diluted) | $-0.19 | $-0.05 |
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.
| Q1 26 | — | $26.5M | ||
| Q4 25 | $20.1M | $31.5M | ||
| Q3 25 | $17.4M | $21.5M | ||
| Q2 25 | $16.5M | $23.4M | ||
| Q1 25 | $16.5M | $21.2M | ||
| Q4 24 | $15.5M | $22.4M | ||
| Q3 24 | $14.7M | $20.6M | ||
| Q2 24 | $14.6M | $21.5M |
| Q1 26 | — | $-12.7M | ||
| Q4 25 | $-8.5M | $-15.3M | ||
| Q3 25 | $-9.0M | $-34.0M | ||
| Q2 25 | $-9.1M | $-13.8M | ||
| Q1 25 | $-8.1M | $-14.0M | ||
| Q4 24 | $-8.2M | $-18.1M | ||
| Q3 24 | $-7.7M | $-16.9M | ||
| Q2 24 | $-8.3M | $-15.7M |
| Q1 26 | — | 68.9% | ||
| Q4 25 | 90.8% | 67.3% | ||
| Q3 25 | 89.9% | -17.5% | ||
| Q2 25 | 89.4% | 63.7% | ||
| Q1 25 | 90.8% | 63.0% | ||
| Q4 24 | 89.8% | 61.5% | ||
| Q3 24 | 90.1% | 59.5% | ||
| Q2 24 | 90.0% | 58.6% |
| Q1 26 | — | -21.2% | ||
| Q4 25 | -42.0% | -53.0% | ||
| Q3 25 | -50.1% | -163.5% | ||
| Q2 25 | -50.0% | -68.9% | ||
| Q1 25 | -46.6% | -87.0% | ||
| Q4 24 | -45.9% | -77.5% | ||
| Q3 24 | -53.8% | -83.9% | ||
| Q2 24 | -51.1% | -80.2% |
| Q1 26 | — | -47.8% | ||
| Q4 25 | -42.2% | -48.5% | ||
| Q3 25 | -51.6% | -158.1% | ||
| Q2 25 | -55.3% | -59.2% | ||
| Q1 25 | -49.1% | -65.8% | ||
| Q4 24 | -53.0% | -81.0% | ||
| Q3 24 | -52.2% | -82.3% | ||
| Q2 24 | -57.2% | -73.1% |
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $-0.19 | $-0.06 | ||
| Q3 25 | $-0.21 | $-0.13 | ||
| Q2 25 | $-0.22 | $-0.06 | ||
| Q1 25 | $-0.20 | $-0.06 | ||
| Q4 24 | $-0.19 | $-0.09 | ||
| Q3 24 | $-0.20 | $-0.08 | ||
| Q2 24 | $-0.22 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $33.9M | $138.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-14.6M | $191.2M |
| Total Assets | $115.0M | $285.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $138.0M | ||
| Q4 25 | $33.9M | $150.5M | ||
| Q3 25 | $39.0M | $144.2M | ||
| Q2 25 | $38.0M | $148.1M | ||
| Q1 25 | $42.3M | $155.2M | ||
| Q4 24 | $43.8M | $88.8M | ||
| Q3 24 | $48.7M | $93.8M | ||
| Q2 24 | $45.8M | $102.1M |
| Q1 26 | — | $191.2M | ||
| Q4 25 | $-14.6M | $196.0M | ||
| Q3 25 | $-11.4M | $203.8M | ||
| Q2 25 | $-7.5M | $232.8M | ||
| Q1 25 | $-4.8M | $239.7M | ||
| Q4 24 | $-1.2M | $168.8M | ||
| Q3 24 | $2.2M | $181.8M | ||
| Q2 24 | $5.3M | $194.3M |
| Q1 26 | — | $285.9M | ||
| Q4 25 | $115.0M | $296.5M | ||
| Q3 25 | $107.7M | $290.0M | ||
| Q2 25 | $106.9M | $313.3M | ||
| Q1 25 | $98.3M | $318.4M | ||
| Q4 24 | $106.1M | $256.1M | ||
| Q3 24 | $97.7M | $265.3M | ||
| Q2 24 | $96.4M | $273.1M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.2M | $-13.9M |
| Free Cash FlowOCF − Capex | $3.0M | — |
| FCF MarginFCF / Revenue | 15.1% | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-13.9M | ||
| Q4 25 | $3.2M | $9.0M | ||
| Q3 25 | $3.2M | $-2.9M | ||
| Q2 25 | $-2.5M | $-7.2M | ||
| Q1 25 | $2.9M | $-11.7M | ||
| Q4 24 | $-2.6M | $-3.1M | ||
| Q3 24 | $1.1M | $-7.9M | ||
| Q2 24 | $311.0K | $-10.0M |
| Q1 26 | — | — | ||
| Q4 25 | $3.0M | $7.9M | ||
| Q3 25 | $2.5M | $-3.9M | ||
| Q2 25 | $-2.8M | $-8.1M | ||
| Q1 25 | $2.7M | $-12.0M | ||
| Q4 24 | $-2.7M | $-3.5M | ||
| Q3 24 | $1.1M | $-8.3M | ||
| Q2 24 | $264.0K | $-10.7M |
| Q1 26 | — | — | ||
| Q4 25 | 15.1% | 25.2% | ||
| Q3 25 | 14.2% | -18.2% | ||
| Q2 25 | -17.2% | -34.5% | ||
| Q1 25 | 16.2% | -56.7% | ||
| Q4 24 | -17.3% | -15.8% | ||
| Q3 24 | 7.4% | -40.5% | ||
| Q2 24 | 1.8% | -50.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 3.4% | ||
| Q3 25 | 4.1% | 4.7% | ||
| Q2 25 | 2.2% | 3.8% | ||
| Q1 25 | 1.1% | 1.7% | ||
| Q4 24 | 0.3% | 1.8% | ||
| Q3 24 | 0.2% | 2.0% | ||
| Q2 24 | 0.3% | 3.4% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIP
| License And Maintenance | $17.5M | 87% |
| Variable Royalties And Other | $2.6M | 13% |
BFLY
| Product | $14.7M | 55% |
| Software and other services | $11.9M | 45% |
