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Side-by-side financial comparison of Butterfly Network, Inc. (BFLY) and Crexendo, Inc. (CXDO). Click either name above to swap in a different company.
Butterfly Network, Inc. is the larger business by last-quarter revenue ($31.5M vs $18.1M, roughly 1.7× Crexendo, Inc.). Crexendo, Inc. runs the higher net margin — 6.7% vs -48.5%, a 55.3% gap on every dollar of revenue. On growth, Butterfly Network, Inc. posted the faster year-over-year revenue change (41.0% vs 11.2%). Over the past eight quarters, Butterfly Network, Inc.'s revenue compounded faster (33.6% CAGR vs 12.4%).
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.
Crexendo, Inc. is a U.S.-headquartered cloud communications technology provider. It delivers unified communications as a service (UCaaS), contact center solutions, business VoIP services, and collaborative work tools, primarily catering to small and medium-sized enterprises operating in the North American market.
BFLY vs CXDO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $31.5M | $18.1M |
| Net Profit | $-15.3M | $1.2M |
| Gross Margin | 67.3% | — |
| Operating Margin | -53.0% | 6.3% |
| Net Margin | -48.5% | 6.7% |
| Revenue YoY | 41.0% | 11.2% |
| Net Profit YoY | 15.5% | 140.2% |
| EPS (diluted) | $-0.06 | $0.03 |
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 | $18.1M | ||
| Q3 25 | $21.5M | $17.5M | ||
| Q2 25 | $23.4M | $16.6M | ||
| Q1 25 | $21.2M | $16.1M | ||
| Q4 24 | $22.4M | $16.2M | ||
| Q3 24 | $20.6M | $15.6M | ||
| Q2 24 | $21.5M | $14.7M | ||
| Q1 24 | $17.7M | $14.3M |
| Q4 25 | $-15.3M | $1.2M | ||
| Q3 25 | $-34.0M | $1.4M | ||
| Q2 25 | $-13.8M | $1.2M | ||
| Q1 25 | $-14.0M | $1.2M | ||
| Q4 24 | $-18.1M | $507.0K | ||
| Q3 24 | $-16.9M | $148.0K | ||
| Q2 24 | $-15.7M | $588.0K | ||
| Q1 24 | $-21.8M | $434.0K |
| Q4 25 | 67.3% | — | ||
| Q3 25 | -17.5% | — | ||
| Q2 25 | 63.7% | — | ||
| Q1 25 | 63.0% | — | ||
| Q4 24 | 61.5% | — | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 58.6% | — | ||
| Q1 24 | 58.2% | — |
| Q4 25 | -53.0% | 6.3% | ||
| Q3 25 | -163.5% | 7.5% | ||
| Q2 25 | -68.9% | 6.7% | ||
| Q1 25 | -87.0% | 7.2% | ||
| Q4 24 | -77.5% | 3.9% | ||
| Q3 24 | -83.9% | 0.9% | ||
| Q2 24 | -80.2% | 3.9% | ||
| Q1 24 | -128.1% | 3.4% |
| Q4 25 | -48.5% | 6.7% | ||
| Q3 25 | -158.1% | 8.3% | ||
| Q2 25 | -59.2% | 7.4% | ||
| Q1 25 | -65.8% | 7.3% | ||
| Q4 24 | -81.0% | 3.1% | ||
| Q3 24 | -82.3% | 0.9% | ||
| Q2 24 | -73.1% | 4.0% | ||
| Q1 24 | -123.2% | 3.0% |
| Q4 25 | $-0.06 | $0.03 | ||
| Q3 25 | $-0.13 | $0.05 | ||
| Q2 25 | $-0.06 | $0.04 | ||
| Q1 25 | $-0.06 | $0.04 | ||
| Q4 24 | $-0.09 | $0.03 | ||
| Q3 24 | $-0.08 | $0.00 | ||
| Q2 24 | $-0.07 | $0.02 | ||
| Q1 24 | $-0.10 | $0.01 |
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 | — |
| Total DebtLower is stronger | — | $114.0K |
| Stockholders' EquityBook value | $196.0M | $63.8M |
| Total Assets | $296.5M | $77.7M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $150.5M | — | ||
| Q3 25 | $144.2M | — | ||
| Q2 25 | $148.1M | — | ||
| Q1 25 | $155.2M | — | ||
| Q4 24 | $88.8M | — | ||
| Q3 24 | $93.8M | — | ||
| Q2 24 | $102.1M | — | ||
| Q1 24 | $112.7M | — |
| Q4 25 | — | $114.0K | ||
| Q3 25 | — | $236.0K | ||
| Q2 25 | — | $356.0K | ||
| Q1 25 | — | $475.0K | ||
| Q4 24 | — | $592.0K | ||
| Q3 24 | — | $709.0K | ||
| Q2 24 | — | $823.0K | ||
| Q1 24 | — | $937.0K |
| Q4 25 | $196.0M | $63.8M | ||
| Q3 25 | $203.8M | $61.3M | ||
| Q2 25 | $232.8M | $58.3M | ||
| Q1 25 | $239.7M | $55.2M | ||
| Q4 24 | $168.8M | $51.4M | ||
| Q3 24 | $181.8M | $49.5M | ||
| Q2 24 | $194.3M | $48.2M | ||
| Q1 24 | $204.0M | $46.8M |
| Q4 25 | $296.5M | $77.7M | ||
| Q3 25 | $290.0M | $76.0M | ||
| Q2 25 | $313.3M | $71.4M | ||
| Q1 25 | $318.4M | $67.4M | ||
| Q4 24 | $256.1M | $64.9M | ||
| Q3 24 | $265.3M | $62.3M | ||
| Q2 24 | $273.1M | $59.6M | ||
| Q1 24 | $284.3M | $57.5M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | 0.02× |
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 | $2.3M |
| Free Cash FlowOCF − Capex | $7.9M | — |
| FCF MarginFCF / Revenue | 25.2% | — |
| Capex IntensityCapex / Revenue | 3.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.0M | $2.3M | ||
| Q3 25 | $-2.9M | $4.4M | ||
| Q2 25 | $-7.2M | $1.3M | ||
| Q1 25 | $-11.7M | $1.2M | ||
| Q4 24 | $-3.1M | $2.2M | ||
| Q3 24 | $-7.9M | $1.6M | ||
| Q2 24 | $-10.0M | $2.7M | ||
| Q1 24 | $-20.7M | $-166.0K |
| Q4 25 | $7.9M | — | ||
| Q3 25 | $-3.9M | — | ||
| Q2 25 | $-8.1M | $1.3M | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | $-3.5M | $2.1M | ||
| Q3 24 | $-8.3M | — | ||
| Q2 24 | $-10.7M | — | ||
| Q1 24 | $-21.8M | — |
| Q4 25 | 25.2% | — | ||
| Q3 25 | -18.2% | — | ||
| Q2 25 | -34.5% | 7.7% | ||
| Q1 25 | -56.7% | — | ||
| Q4 24 | -15.8% | 13.2% | ||
| Q3 24 | -40.5% | — | ||
| Q2 24 | -50.0% | — | ||
| Q1 24 | -123.5% | — |
| Q4 25 | 3.4% | 0.0% | ||
| Q3 25 | 4.7% | 0.0% | ||
| Q2 25 | 3.8% | 0.1% | ||
| Q1 25 | 1.7% | 0.0% | ||
| Q4 24 | 1.8% | 0.2% | ||
| Q3 24 | 2.0% | 0.0% | ||
| Q2 24 | 3.4% | 0.0% | ||
| Q1 24 | 6.4% | 0.0% |
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 3.05× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 1.06× | ||
| Q4 24 | — | 4.29× | ||
| Q3 24 | — | 10.95× | ||
| Q2 24 | — | 4.51× | ||
| Q1 24 | — | -0.38× |
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% |
CXDO
| Services | $8.6M | 48% |
| Software Solution Segment | $8.3M | 46% |
| Products | $1.1M | 6% |
