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Side-by-side financial comparison of Butterfly Network, Inc. (BFLY) and Primis Financial Corp. (FRST). Click either name above to swap in a different company.
Primis Financial Corp. is the larger business by last-quarter revenue ($45.6M vs $26.5M, roughly 1.7× Butterfly Network, Inc.). Primis Financial Corp. runs the higher net margin — 16.0% vs -47.8%, a 63.8% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% CAGR vs 11.1%).
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.
Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.
BFLY vs FRST — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $26.5M | $45.6M |
| Net Profit | $-12.7M | $7.3M |
| Gross Margin | 68.9% | — |
| Operating Margin | -21.2% | — |
| Net Margin | -47.8% | 16.0% |
| Revenue YoY | 25.0% | — |
| Net Profit YoY | — | 200.0% |
| EPS (diluted) | $-0.05 | $0.30 |
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 | $45.6M | ||
| Q4 25 | $31.5M | $80.9M | ||
| Q3 25 | $21.5M | $41.0M | ||
| Q2 25 | $23.4M | $43.2M | ||
| Q1 25 | $21.2M | $58.7M | ||
| Q4 24 | $22.4M | $38.8M | ||
| Q3 24 | $20.6M | $37.3M | ||
| Q2 24 | $21.5M | $35.7M |
| Q1 26 | $-12.7M | $7.3M | ||
| Q4 25 | $-15.3M | $29.5M | ||
| Q3 25 | $-34.0M | $6.8M | ||
| Q2 25 | $-13.8M | $2.4M | ||
| Q1 25 | $-14.0M | $22.6M | ||
| Q4 24 | $-18.1M | $-26.2M | ||
| Q3 24 | $-16.9M | $1.2M | ||
| Q2 24 | $-15.7M | $3.4M |
| Q1 26 | 68.9% | — | ||
| 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 26 | -21.2% | — | ||
| Q4 25 | -53.0% | 44.8% | ||
| Q3 25 | -163.5% | 21.3% | ||
| Q2 25 | -68.9% | 6.9% | ||
| Q1 25 | -87.0% | 41.9% | ||
| Q4 24 | -77.5% | -123.0% | ||
| Q3 24 | -83.9% | -3.1% | ||
| Q2 24 | -80.2% | 7.8% |
| Q1 26 | -47.8% | 16.0% | ||
| Q4 25 | -48.5% | 36.5% | ||
| Q3 25 | -158.1% | 16.7% | ||
| Q2 25 | -59.2% | 5.6% | ||
| Q1 25 | -65.8% | 38.6% | ||
| Q4 24 | -81.0% | -100.3% | ||
| Q3 24 | -82.3% | 3.3% | ||
| Q2 24 | -73.1% | 9.6% |
| Q1 26 | $-0.05 | $0.30 | ||
| Q4 25 | $-0.06 | $1.19 | ||
| Q3 25 | $-0.13 | $0.28 | ||
| Q2 25 | $-0.06 | $0.10 | ||
| Q1 25 | $-0.06 | $0.92 | ||
| Q4 24 | $-0.09 | $-0.95 | ||
| Q3 24 | $-0.08 | $0.05 | ||
| Q2 24 | $-0.07 | $0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $138.0M | $159.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $191.2M | $427.2M |
| Total Assets | $285.9M | $4.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $138.0M | $159.9M | ||
| Q4 25 | $150.5M | $143.6M | ||
| Q3 25 | $144.2M | $63.9M | ||
| Q2 25 | $148.1M | $94.1M | ||
| Q1 25 | $155.2M | $57.0M | ||
| Q4 24 | $88.8M | $64.5M | ||
| Q3 24 | $93.8M | $77.3M | ||
| Q2 24 | $102.1M | $66.6M |
| Q1 26 | $191.2M | $427.2M | ||
| Q4 25 | $196.0M | $422.9M | ||
| Q3 25 | $203.8M | $382.2M | ||
| Q2 25 | $232.8M | $376.4M | ||
| Q1 25 | $239.7M | $375.6M | ||
| Q4 24 | $168.8M | $351.8M | ||
| Q3 24 | $181.8M | $381.0M | ||
| Q2 24 | $194.3M | $376.0M |
| Q1 26 | $285.9M | $4.3B | ||
| Q4 25 | $296.5M | $4.0B | ||
| Q3 25 | $290.0M | $4.0B | ||
| Q2 25 | $313.3M | $3.9B | ||
| Q1 25 | $318.4M | $3.7B | ||
| Q4 24 | $256.1M | $3.7B | ||
| Q3 24 | $265.3M | $4.0B | ||
| Q2 24 | $273.1M | $4.0B |
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 | $-13.9M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-13.9M | — | ||
| Q4 25 | $9.0M | $10.8M | ||
| Q3 25 | $-2.9M | $-11.4M | ||
| Q2 25 | $-7.2M | $-41.0M | ||
| Q1 25 | $-11.7M | $34.4M | ||
| Q4 24 | $-3.1M | $19.5M | ||
| Q3 24 | $-7.9M | $6.1M | ||
| Q2 24 | $-10.0M | $52.3M |
| Q1 26 | — | — | ||
| Q4 25 | $7.9M | $9.0M | ||
| Q3 25 | $-3.9M | — | ||
| Q2 25 | $-8.1M | — | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | $-3.5M | $18.3M | ||
| Q3 24 | $-8.3M | — | ||
| Q2 24 | $-10.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | 25.2% | 11.2% | ||
| Q3 25 | -18.2% | — | ||
| Q2 25 | -34.5% | — | ||
| Q1 25 | -56.7% | — | ||
| Q4 24 | -15.8% | 47.3% | ||
| Q3 24 | -40.5% | — | ||
| Q2 24 | -50.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 2.1% | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 1.8% | 3.1% | ||
| Q3 24 | 2.0% | 0.0% | ||
| Q2 24 | 3.4% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.36× | ||
| Q3 25 | — | -1.67× | ||
| Q2 25 | — | -16.82× | ||
| Q1 25 | — | 1.52× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.93× | ||
| Q2 24 | — | 15.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFLY
| Product | $14.7M | 55% |
| Software and other services | $11.9M | 45% |
FRST
| Net Interest Income | $32.1M | 70% |
| Noninterest Income | $13.6M | 30% |
