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Side-by-side financial comparison of Butterfly Network, Inc. (BFLY) and JOINT Corp (JYNT). Click either name above to swap in a different company.
Butterfly Network, Inc. is the larger business by last-quarter revenue ($26.5M vs $15.2M, roughly 1.7× JOINT Corp). JOINT Corp runs the higher net margin — 6.5% vs -47.8%, a 54.3% gap on every dollar of revenue. On growth, Butterfly Network, Inc. posted the faster year-over-year revenue change (25.0% vs 3.1%). Over the past eight quarters, Butterfly Network, Inc.'s revenue compounded faster (11.1% CAGR vs -28.6%).
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.
The Joint Corp is a leading operator and franchisor of chiropractic care clinics primarily serving the U.S. market. It offers accessible, affordable routine chiropractic services, membership-based care plans, and caters to consumers seeking non-invasive musculoskeletal pain management and wellness support.
BFLY vs JYNT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.5M | $15.2M |
| Net Profit | $-12.7M | $991.1K |
| Gross Margin | 68.9% | 81.4% |
| Operating Margin | -21.2% | 4.9% |
| Net Margin | -47.8% | 6.5% |
| Revenue YoY | 25.0% | 3.1% |
| Net Profit YoY | — | 5510.5% |
| 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 | $15.2M | ||
| Q3 25 | $21.5M | $13.4M | ||
| Q2 25 | $23.4M | $13.3M | ||
| Q1 25 | $21.2M | $13.1M | ||
| Q4 24 | $22.4M | $14.7M | ||
| Q3 24 | $20.6M | $30.2M | ||
| Q2 24 | $21.5M | $30.3M |
| Q1 26 | $-12.7M | — | ||
| Q4 25 | $-15.3M | $991.1K | ||
| Q3 25 | $-34.0M | $855.0K | ||
| Q2 25 | $-13.8M | $93.4K | ||
| Q1 25 | $-14.0M | $967.8K | ||
| Q4 24 | $-18.1M | $17.7K | ||
| Q3 24 | $-16.9M | $-3.2M | ||
| Q2 24 | $-15.7M | $-3.6M |
| Q1 26 | 68.9% | — | ||
| Q4 25 | 67.3% | 81.4% | ||
| Q3 25 | -17.5% | 80.1% | ||
| Q2 25 | 63.7% | 79.1% | ||
| Q1 25 | 63.0% | 77.3% | ||
| Q4 24 | 61.5% | 78.4% | ||
| Q3 24 | 59.5% | 90.7% | ||
| Q2 24 | 58.6% | 90.7% |
| Q1 26 | -21.2% | — | ||
| Q4 25 | -53.0% | 4.9% | ||
| Q3 25 | -163.5% | 1.2% | ||
| Q2 25 | -68.9% | -8.6% | ||
| Q1 25 | -87.0% | -5.2% | ||
| Q4 24 | -77.5% | 5.5% | ||
| Q3 24 | -83.9% | -1.6% | ||
| Q2 24 | -80.2% | -5.9% |
| Q1 26 | -47.8% | — | ||
| Q4 25 | -48.5% | 6.5% | ||
| Q3 25 | -158.1% | 6.4% | ||
| Q2 25 | -59.2% | 0.7% | ||
| Q1 25 | -65.8% | 7.4% | ||
| Q4 24 | -81.0% | 0.1% | ||
| Q3 24 | -82.3% | -10.5% | ||
| Q2 24 | -73.1% | -11.9% |
| Q1 26 | $-0.05 | — | ||
| Q4 25 | $-0.06 | $0.06 | ||
| Q3 25 | $-0.13 | $0.06 | ||
| Q2 25 | $-0.06 | $0.01 | ||
| Q1 25 | $-0.06 | $0.06 | ||
| Q4 24 | $-0.09 | $0.01 | ||
| Q3 24 | $-0.08 | $-0.21 | ||
| Q2 24 | $-0.07 | $-0.24 |
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 | $23.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $191.2M | $15.1M |
| Total Assets | $285.9M | $61.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $138.0M | — | ||
| Q4 25 | $150.5M | $23.6M | ||
| Q3 25 | $144.2M | $29.7M | ||
| Q2 25 | $148.1M | $29.8M | ||
| Q1 25 | $155.2M | $21.9M | ||
| Q4 24 | $88.8M | $25.1M | ||
| Q3 24 | $93.8M | $20.7M | ||
| Q2 24 | $102.1M | $17.5M |
| Q1 26 | $191.2M | — | ||
| Q4 25 | $196.0M | $15.1M | ||
| Q3 25 | $203.8M | $22.7M | ||
| Q2 25 | $232.8M | $23.2M | ||
| Q1 25 | $239.7M | $22.8M | ||
| Q4 24 | $168.8M | $20.7M | ||
| Q3 24 | $181.8M | $20.5M | ||
| Q2 24 | $194.3M | $23.2M |
| Q1 26 | $285.9M | — | ||
| Q4 25 | $296.5M | $61.0M | ||
| Q3 25 | $290.0M | $69.4M | ||
| Q2 25 | $313.3M | $73.2M | ||
| Q1 25 | $318.4M | $80.1M | ||
| Q4 24 | $256.1M | $83.2M | ||
| Q3 24 | $265.3M | $79.6M | ||
| Q2 24 | $273.1M | $82.4M |
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 | $1.8M |
| Free Cash FlowOCF − Capex | — | $334.7K |
| FCF MarginFCF / Revenue | — | 2.2% |
| Capex IntensityCapex / Revenue | — | 9.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-13.9M | — | ||
| Q4 25 | $9.0M | $1.8M | ||
| Q3 25 | $-2.9M | $1.8M | ||
| Q2 25 | $-7.2M | $868.6K | ||
| Q1 25 | $-11.7M | $-3.7M | ||
| Q4 24 | $-3.1M | $9.4M | ||
| Q3 24 | $-7.9M | $3.4M | ||
| Q2 24 | $-10.0M | $-973.5K |
| Q1 26 | — | — | ||
| Q4 25 | $7.9M | $334.7K | ||
| Q3 25 | $-3.9M | $1.5M | ||
| Q2 25 | $-8.1M | $363.6K | ||
| Q1 25 | $-12.0M | $-4.0M | ||
| Q4 24 | $-3.5M | $8.2M | ||
| Q3 24 | $-8.3M | $3.2M | ||
| Q2 24 | $-10.7M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | 25.2% | 2.2% | ||
| Q3 25 | -18.2% | 10.9% | ||
| Q2 25 | -34.5% | 2.7% | ||
| Q1 25 | -56.7% | -30.8% | ||
| Q4 24 | -15.8% | 55.9% | ||
| Q3 24 | -40.5% | 10.6% | ||
| Q2 24 | -50.0% | -4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 9.9% | ||
| Q3 25 | 4.7% | 2.4% | ||
| Q2 25 | 3.8% | 3.8% | ||
| Q1 25 | 1.7% | 2.5% | ||
| Q4 24 | 1.8% | 8.1% | ||
| Q3 24 | 2.0% | 0.8% | ||
| Q2 24 | 3.4% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 2.07× | ||
| Q2 25 | — | 9.30× | ||
| Q1 25 | — | -3.82× | ||
| Q4 24 | — | 532.98× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
JYNT
| Transferred At Point In Time | $12.8M | 84% |
| Transferred Over Time | $2.4M | 16% |
