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Side-by-side financial comparison of Butterfly Network, Inc. (BFLY) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.
Butterfly Network, Inc. is the larger business by last-quarter revenue ($26.5M vs $26.0M, roughly 1.0× FRANKLIN STREET PROPERTIES CORP). FRANKLIN STREET PROPERTIES CORP runs the higher net margin — -28.1% vs -47.8%, a 19.7% gap on every dollar of revenue. On growth, Butterfly Network, Inc. posted the faster year-over-year revenue change (25.0% vs -8.2%). Over the past eight quarters, Butterfly Network, Inc.'s revenue compounded faster (11.1% CAGR vs -8.7%).
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.
Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.
BFLY vs FSP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.5M | $26.0M |
| Net Profit | $-12.7M | $-7.3M |
| Gross Margin | 68.9% | 59.4% |
| Operating Margin | -21.2% | -27.9% |
| Net Margin | -47.8% | -28.1% |
| Revenue YoY | 25.0% | -8.2% |
| Net Profit YoY | — | 14.1% |
| EPS (diluted) | $-0.05 | $-0.06 |
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 | $31.5M | $26.0M | ||
| Q3 25 | $21.5M | $27.3M | ||
| Q2 25 | $23.4M | $26.7M | ||
| Q1 25 | $21.2M | $27.1M | ||
| Q4 24 | $22.4M | $28.4M | ||
| Q3 24 | $20.6M | $29.7M | ||
| Q2 24 | $21.5M | $30.8M |
| Q1 26 | $-12.7M | — | ||
| Q4 25 | $-15.3M | $-7.3M | ||
| Q3 25 | $-34.0M | $-8.3M | ||
| Q2 25 | $-13.8M | $-7.9M | ||
| Q1 25 | $-14.0M | $-21.4M | ||
| Q4 24 | $-18.1M | $-8.5M | ||
| Q3 24 | $-16.9M | $-15.6M | ||
| Q2 24 | $-15.7M | $-21.0M |
| Q1 26 | 68.9% | — | ||
| Q4 25 | 67.3% | 59.4% | ||
| Q3 25 | -17.5% | 60.9% | ||
| Q2 25 | 63.7% | 59.9% | ||
| Q1 25 | 63.0% | 62.8% | ||
| Q4 24 | 61.5% | 59.7% | ||
| Q3 24 | 59.5% | 61.0% | ||
| Q2 24 | 58.6% | 64.2% |
| Q1 26 | -21.2% | — | ||
| Q4 25 | -53.0% | -27.9% | ||
| Q3 25 | -163.5% | -30.5% | ||
| Q2 25 | -68.9% | -29.2% | ||
| Q1 25 | -87.0% | -78.9% | ||
| Q4 24 | -77.5% | -29.9% | ||
| Q3 24 | -83.9% | -52.4% | ||
| Q2 24 | -80.2% | -68.0% |
| Q1 26 | -47.8% | — | ||
| Q4 25 | -48.5% | -28.1% | ||
| Q3 25 | -158.1% | -30.5% | ||
| Q2 25 | -59.2% | -29.5% | ||
| Q1 25 | -65.8% | -79.1% | ||
| Q4 24 | -81.0% | -30.0% | ||
| Q3 24 | -82.3% | -52.6% | ||
| Q2 24 | -73.1% | -68.2% |
| Q1 26 | $-0.05 | — | ||
| Q4 25 | $-0.06 | $-0.06 | ||
| Q3 25 | $-0.13 | $-0.08 | ||
| Q2 25 | $-0.06 | $-0.08 | ||
| Q1 25 | $-0.06 | $-0.21 | ||
| Q4 24 | $-0.09 | $-0.09 | ||
| Q3 24 | $-0.08 | $-0.15 | ||
| Q2 24 | $-0.07 | $-0.20 |
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 | $30.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $191.2M | $607.0M |
| Total Assets | $285.9M | $892.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $138.0M | — | ||
| Q4 25 | $150.5M | $30.6M | ||
| Q3 25 | $144.2M | $31.4M | ||
| Q2 25 | $148.1M | $29.4M | ||
| Q1 25 | $155.2M | $30.2M | ||
| Q4 24 | $88.8M | $41.1M | ||
| Q3 24 | $93.8M | $40.9M | ||
| Q2 24 | $102.1M | $30.2M |
| Q1 26 | $191.2M | — | ||
| Q4 25 | $196.0M | $607.0M | ||
| Q3 25 | $203.8M | $615.3M | ||
| Q2 25 | $232.8M | $624.7M | ||
| Q1 25 | $239.7M | $633.4M | ||
| Q4 24 | $168.8M | $655.9M | ||
| Q3 24 | $181.8M | $665.4M | ||
| Q2 24 | $194.3M | $682.1M |
| Q1 26 | $285.9M | — | ||
| Q4 25 | $296.5M | $892.9M | ||
| Q3 25 | $290.0M | $901.0M | ||
| Q2 25 | $313.3M | $903.2M | ||
| Q1 25 | $318.4M | $916.4M | ||
| Q4 24 | $256.1M | $946.9M | ||
| Q3 24 | $265.3M | $981.5M | ||
| Q2 24 | $273.1M | $1.0B |
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 | $3.8M |
| Free Cash FlowOCF − Capex | — | $-12.7M |
| FCF MarginFCF / Revenue | — | -48.6% |
| Capex IntensityCapex / Revenue | — | 63.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-13.9M | — | ||
| Q4 25 | $9.0M | $3.8M | ||
| Q3 25 | $-2.9M | $8.3M | ||
| Q2 25 | $-7.2M | $-2.9M | ||
| Q1 25 | $-11.7M | $-5.5M | ||
| Q4 24 | $-3.1M | $9.0M | ||
| Q3 24 | $-7.9M | $14.5M | ||
| Q2 24 | $-10.0M | $-648.0K |
| Q1 26 | — | — | ||
| Q4 25 | $7.9M | $-12.7M | ||
| Q3 25 | $-3.9M | $3.0M | ||
| Q2 25 | $-8.1M | $-5.7M | ||
| Q1 25 | $-12.0M | $-9.9M | ||
| Q4 24 | $-3.5M | $-16.2M | ||
| Q3 24 | $-8.3M | $8.6M | ||
| Q2 24 | $-10.7M | $-5.1M |
| Q1 26 | — | — | ||
| Q4 25 | 25.2% | -48.6% | ||
| Q3 25 | -18.2% | 11.0% | ||
| Q2 25 | -34.5% | -21.5% | ||
| Q1 25 | -56.7% | -36.7% | ||
| Q4 24 | -15.8% | -57.2% | ||
| Q3 24 | -40.5% | 29.1% | ||
| Q2 24 | -50.0% | -16.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 63.0% | ||
| Q3 25 | 4.7% | 19.4% | ||
| Q2 25 | 3.8% | 10.7% | ||
| Q1 25 | 1.7% | 16.4% | ||
| Q4 24 | 1.8% | 88.9% | ||
| Q3 24 | 2.0% | 19.6% | ||
| Q2 24 | 3.4% | 14.6% |
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% |
FSP
Segment breakdown not available.
