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Side-by-side financial comparison of Butterfly Network, Inc. (BFLY) and Allbirds, Inc. (BIRD). Click either name above to swap in a different company.
Allbirds, Inc. is the larger business by last-quarter revenue ($47.7M vs $31.5M, roughly 1.5× Butterfly Network, Inc.). Allbirds, Inc. runs the higher net margin — -41.1% vs -48.5%, a 7.5% gap on every dollar of revenue. On growth, Butterfly Network, Inc. posted the faster year-over-year revenue change (41.0% vs -14.6%). Butterfly Network, Inc. produced more free cash flow last quarter ($7.9M vs $-4.1M). Over the past eight quarters, Butterfly Network, Inc.'s revenue compounded faster (33.6% CAGR vs 10.1%).
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.
Bird Global, Inc., is a micromobility company based in Miami, Florida. Founded in September 2017, Bird has distributed electric scooters designed for short-term rental to over 350 cities. In April 2024, it was acquired by Third Lane Mobility to avoid bankruptcy.
BFLY vs BIRD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $31.5M | $47.7M |
| Net Profit | $-15.3M | $-19.6M |
| Gross Margin | 67.3% | 37.2% |
| Operating Margin | -53.0% | -43.5% |
| Net Margin | -48.5% | -41.1% |
| Revenue YoY | 41.0% | -14.6% |
| Net Profit YoY | 15.5% | 23.7% |
| EPS (diluted) | $-0.06 | $-2.33 |
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.
| Q4 25 | $31.5M | $47.7M | ||
| Q3 25 | $21.5M | $33.0M | ||
| Q2 25 | $23.4M | $39.7M | ||
| Q1 25 | $21.2M | $32.1M | ||
| Q4 24 | $22.4M | $55.9M | ||
| Q3 24 | $20.6M | $43.0M | ||
| Q2 24 | $21.5M | $51.6M | ||
| Q1 24 | $17.7M | $39.3M |
| Q4 25 | $-15.3M | $-19.6M | ||
| Q3 25 | $-34.0M | $-20.3M | ||
| Q2 25 | $-13.8M | $-15.5M | ||
| Q1 25 | $-14.0M | $-21.9M | ||
| Q4 24 | $-18.1M | $-25.7M | ||
| Q3 24 | $-16.9M | $-21.2M | ||
| Q2 24 | $-15.7M | $-19.1M | ||
| Q1 24 | $-21.8M | $-27.3M |
| Q4 25 | 67.3% | 37.2% | ||
| Q3 25 | -17.5% | 43.2% | ||
| Q2 25 | 63.7% | 40.7% | ||
| Q1 25 | 63.0% | 44.8% | ||
| Q4 24 | 61.5% | 31.3% | ||
| Q3 24 | 59.5% | 44.4% | ||
| Q2 24 | 58.6% | 50.5% | ||
| Q1 24 | 58.2% | 46.9% |
| Q4 25 | -53.0% | -43.5% | ||
| Q3 25 | -163.5% | -60.3% | ||
| Q2 25 | -68.9% | -41.6% | ||
| Q1 25 | -87.0% | -71.1% | ||
| Q4 24 | -77.5% | -46.1% | ||
| Q3 24 | -83.9% | -50.7% | ||
| Q2 24 | -80.2% | -39.1% | ||
| Q1 24 | -128.1% | -75.8% |
| Q4 25 | -48.5% | -41.1% | ||
| Q3 25 | -158.1% | -61.6% | ||
| Q2 25 | -59.2% | -39.1% | ||
| Q1 25 | -65.8% | -68.1% | ||
| Q4 24 | -81.0% | -46.0% | ||
| Q3 24 | -82.3% | -49.3% | ||
| Q2 24 | -73.1% | -37.1% | ||
| Q1 24 | -123.2% | -69.5% |
| Q4 25 | $-0.06 | $-2.33 | ||
| Q3 25 | $-0.13 | $-2.49 | ||
| Q2 25 | $-0.06 | $-1.92 | ||
| Q1 25 | $-0.06 | $-2.73 | ||
| Q4 24 | $-0.09 | $-3.22 | ||
| Q3 24 | $-0.08 | $-2.68 | ||
| Q2 24 | $-0.07 | $-2.45 | ||
| Q1 24 | $-0.10 | $-3.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $150.5M | $26.7M |
| Total DebtLower is stronger | — | $17.4M |
| Stockholders' EquityBook value | $196.0M | $35.9M |
| Total Assets | $296.5M | $109.4M |
| Debt / EquityLower = less leverage | — | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $150.5M | $26.7M | ||
| Q3 25 | $144.2M | $23.7M | ||
| Q2 25 | $148.1M | $33.1M | ||
| Q1 25 | $155.2M | $39.1M | ||
| Q4 24 | $88.8M | $66.7M | ||
| Q3 24 | $93.8M | $78.6M | ||
| Q2 24 | $102.1M | $87.2M | ||
| Q1 24 | $112.7M | $102.1M |
| Q4 25 | — | $17.4M | ||
| Q3 25 | — | $12.3M | ||
| Q2 25 | — | $5.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $196.0M | $35.9M | ||
| Q3 25 | $203.8M | $51.9M | ||
| Q2 25 | $232.8M | $71.4M | ||
| Q1 25 | $239.7M | $82.8M | ||
| Q4 24 | $168.8M | $101.7M | ||
| Q3 24 | $181.8M | $127.3M | ||
| Q2 24 | $194.3M | $144.0M | ||
| Q1 24 | $204.0M | $160.3M |
| Q4 25 | $296.5M | $109.4M | ||
| Q3 25 | $290.0M | $119.9M | ||
| Q2 25 | $313.3M | $136.8M | ||
| Q1 25 | $318.4M | $147.3M | ||
| Q4 24 | $256.1M | $188.9M | ||
| Q3 24 | $265.3M | $221.9M | ||
| Q2 24 | $273.1M | $239.5M | ||
| Q1 24 | $284.3M | $272.4M |
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $9.0M | $-3.3M |
| Free Cash FlowOCF − Capex | $7.9M | $-4.1M |
| FCF MarginFCF / Revenue | 25.2% | -8.7% |
| Capex IntensityCapex / Revenue | 3.4% | 1.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0M | $-58.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.0M | $-3.3M | ||
| Q3 25 | $-2.9M | $-15.2M | ||
| Q2 25 | $-7.2M | $-8.7M | ||
| Q1 25 | $-11.7M | $-27.9M | ||
| Q4 24 | $-3.1M | $-10.8M | ||
| Q3 24 | $-7.9M | $-11.2M | ||
| Q2 24 | $-10.0M | $-15.6M | ||
| Q1 24 | $-20.7M | $-26.2M |
| Q4 25 | $7.9M | $-4.1M | ||
| Q3 25 | $-3.9M | $-16.1M | ||
| Q2 25 | $-8.1M | $-9.4M | ||
| Q1 25 | $-12.0M | $-28.5M | ||
| Q4 24 | $-3.5M | $-11.9M | ||
| Q3 24 | $-8.3M | $-11.9M | ||
| Q2 24 | $-10.7M | $-16.9M | ||
| Q1 24 | $-21.8M | $-27.3M |
| Q4 25 | 25.2% | -8.7% | ||
| Q3 25 | -18.2% | -48.9% | ||
| Q2 25 | -34.5% | -23.7% | ||
| Q1 25 | -56.7% | -88.8% | ||
| Q4 24 | -15.8% | -21.2% | ||
| Q3 24 | -40.5% | -27.6% | ||
| Q2 24 | -50.0% | -32.8% | ||
| Q1 24 | -123.5% | -69.5% |
| Q4 25 | 3.4% | 1.8% | ||
| Q3 25 | 4.7% | 2.7% | ||
| Q2 25 | 3.8% | 1.8% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | 1.8% | 1.8% | ||
| Q3 24 | 2.0% | 1.5% | ||
| Q2 24 | 3.4% | 2.5% | ||
| Q1 24 | 6.4% | 2.9% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFLY
| Products | $18.1M | 57% |
| Software And Other Services | $13.4M | 43% |
BIRD
Segment breakdown not available.
