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Side-by-side financial comparison of Butterfly Network, Inc. (BFLY) and Laird Superfood, Inc. (LSF). Click either name above to swap in a different company.
Butterfly Network, Inc. is the larger business by last-quarter revenue ($26.5M vs $13.3M, roughly 2.0× Laird Superfood, Inc.). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -47.8%, a 34.6% gap on every dollar of revenue. On growth, Butterfly Network, Inc. posted the faster year-over-year revenue change (25.0% vs 15.0%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% 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.
Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.
BFLY vs LSF — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.5M | $13.3M |
| Net Profit | $-12.7M | $-1.8M |
| Gross Margin | 68.9% | 34.1% |
| Operating Margin | -21.2% | -13.5% |
| Net Margin | -47.8% | -13.2% |
| Revenue YoY | 25.0% | 15.0% |
| Net Profit YoY | — | -341.4% |
| EPS (diluted) | $-0.05 | — |
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 | $13.3M | ||
| Q3 25 | $21.5M | $12.9M | ||
| Q2 25 | $23.4M | $12.0M | ||
| Q1 25 | $21.2M | $11.7M | ||
| Q4 24 | $22.4M | $11.6M | ||
| Q3 24 | $20.6M | $11.8M | ||
| Q2 24 | $21.5M | $10.0M |
| Q1 26 | $-12.7M | — | ||
| Q4 25 | $-15.3M | $-1.8M | ||
| Q3 25 | $-34.0M | $-975.1K | ||
| Q2 25 | $-13.8M | $-362.2K | ||
| Q1 25 | $-14.0M | $-156.2K | ||
| Q4 24 | $-18.1M | $-398.4K | ||
| Q3 24 | $-16.9M | $-166.1K | ||
| Q2 24 | $-15.7M | $-239.1K |
| Q1 26 | 68.9% | — | ||
| Q4 25 | 67.3% | 34.1% | ||
| Q3 25 | -17.5% | 36.5% | ||
| Q2 25 | 63.7% | 39.9% | ||
| Q1 25 | 63.0% | 41.9% | ||
| Q4 24 | 61.5% | 38.6% | ||
| Q3 24 | 59.5% | 43.0% | ||
| Q2 24 | 58.6% | 41.8% |
| Q1 26 | -21.2% | — | ||
| Q4 25 | -53.0% | -13.5% | ||
| Q3 25 | -163.5% | -7.7% | ||
| Q2 25 | -68.9% | -3.3% | ||
| Q1 25 | -87.0% | -1.9% | ||
| Q4 24 | -77.5% | -4.1% | ||
| Q3 24 | -83.9% | -2.3% | ||
| Q2 24 | -80.2% | -3.4% |
| Q1 26 | -47.8% | — | ||
| Q4 25 | -48.5% | -13.2% | ||
| Q3 25 | -158.1% | -7.6% | ||
| Q2 25 | -59.2% | -3.0% | ||
| Q1 25 | -65.8% | -1.3% | ||
| Q4 24 | -81.0% | -3.4% | ||
| Q3 24 | -82.3% | -1.4% | ||
| Q2 24 | -73.1% | -2.4% |
| Q1 26 | $-0.05 | — | ||
| Q4 25 | $-0.06 | — | ||
| Q3 25 | $-0.13 | — | ||
| Q2 25 | $-0.06 | — | ||
| Q1 25 | $-0.06 | — | ||
| Q4 24 | $-0.09 | — | ||
| Q3 24 | $-0.08 | — | ||
| Q2 24 | $-0.07 | — |
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 | $5.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $191.2M | $11.5M |
| Total Assets | $285.9M | $19.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $138.0M | — | ||
| Q4 25 | $150.5M | $5.1M | ||
| Q3 25 | $144.2M | $5.1M | ||
| Q2 25 | $148.1M | $3.9M | ||
| Q1 25 | $155.2M | $7.0M | ||
| Q4 24 | $88.8M | $8.3M | ||
| Q3 24 | $93.8M | $7.9M | ||
| Q2 24 | $102.1M | $7.6M |
| Q1 26 | $191.2M | — | ||
| Q4 25 | $196.0M | $11.5M | ||
| Q3 25 | $203.8M | $12.8M | ||
| Q2 25 | $232.8M | $13.4M | ||
| Q1 25 | $239.7M | $13.3M | ||
| Q4 24 | $168.8M | $13.2M | ||
| Q3 24 | $181.8M | $13.1M | ||
| Q2 24 | $194.3M | $12.6M |
| Q1 26 | $285.9M | — | ||
| Q4 25 | $296.5M | $19.2M | ||
| Q3 25 | $290.0M | $18.9M | ||
| Q2 25 | $313.3M | $20.4M | ||
| Q1 25 | $318.4M | $21.5M | ||
| Q4 24 | $256.1M | $19.3M | ||
| Q3 24 | $265.3M | $18.8M | ||
| Q2 24 | $273.1M | $18.0M |
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 | $68.4K |
| 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 | $68.4K | ||
| Q3 25 | $-2.9M | $1.2M | ||
| Q2 25 | $-7.2M | $-2.8M | ||
| Q1 25 | $-11.7M | $-1.3M | ||
| Q4 24 | $-3.1M | $339.2K | ||
| Q3 24 | $-7.9M | $305.8K | ||
| Q2 24 | $-10.0M | $642.7K |
| Q1 26 | — | — | ||
| Q4 25 | $7.9M | — | ||
| Q3 25 | $-3.9M | — | ||
| Q2 25 | $-8.1M | — | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | $-3.5M | — | ||
| Q3 24 | $-8.3M | — | ||
| Q2 24 | $-10.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | 25.2% | — | ||
| Q3 25 | -18.2% | — | ||
| Q2 25 | -34.5% | — | ||
| Q1 25 | -56.7% | — | ||
| Q4 24 | -15.8% | — | ||
| Q3 24 | -40.5% | — | ||
| Q2 24 | -50.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 3.4% | — |
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% |
LSF
| Wholesale | $7.0M | 52% |
| Coffee Tea And Hot Chocolate Products | $4.4M | 33% |
| Hydration And Beverage Enhancing Supplements | $1.6M | 12% |
| Other | $352.6K | 3% |
