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Side-by-side financial comparison of Butterfly Network, Inc. (BFLY) and Check-Cap Ltd (MBAI). Click either name above to swap in a different company.

Butterfly Network, Inc. is the larger business by last-quarter revenue ($31.5M vs $47.9K, roughly 657.3× Check-Cap Ltd). Check-Cap Ltd runs the higher net margin — 2.3% vs -48.5%, a 50.8% gap on every dollar of revenue.

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.

Check-Cap Ltd is a clinical-stage medical technology company specializing in non-invasive colorectal cancer screening solutions. Its core offering is an ingestible imaging capsule that requires no prior bowel preparation, targeting global healthcare markets to boost accessibility of early colon cancer detection for at-risk patient groups.

BFLY vs MBAI — Head-to-Head

Bigger by revenue
BFLY
BFLY
657.3× larger
BFLY
$31.5M
$47.9K
MBAI
Higher net margin
MBAI
MBAI
50.8% more per $
MBAI
2.3%
-48.5%
BFLY

Income Statement — Q4 2025 vs Q4 2025

Metric
BFLY
BFLY
MBAI
MBAI
Revenue
$31.5M
$47.9K
Net Profit
$-15.3M
$1.1K
Gross Margin
67.3%
5.2%
Operating Margin
-53.0%
2.9%
Net Margin
-48.5%
2.3%
Revenue YoY
41.0%
Net Profit YoY
15.5%
100.0%
EPS (diluted)
$-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.

Revenue
BFLY
BFLY
MBAI
MBAI
Q4 25
$31.5M
$47.9K
Q3 25
$21.5M
Q2 25
$23.4M
Q1 25
$21.2M
Q4 24
$22.4M
Q3 24
$20.6M
Q2 24
$21.5M
Q1 24
$17.7M
Net Profit
BFLY
BFLY
MBAI
MBAI
Q4 25
$-15.3M
$1.1K
Q3 25
$-34.0M
Q2 25
$-13.8M
Q1 25
$-14.0M
Q4 24
$-18.1M
Q3 24
$-16.9M
Q2 24
$-15.7M
Q1 24
$-21.8M
Gross Margin
BFLY
BFLY
MBAI
MBAI
Q4 25
67.3%
5.2%
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%
Operating Margin
BFLY
BFLY
MBAI
MBAI
Q4 25
-53.0%
2.9%
Q3 25
-163.5%
Q2 25
-68.9%
Q1 25
-87.0%
Q4 24
-77.5%
Q3 24
-83.9%
Q2 24
-80.2%
Q1 24
-128.1%
Net Margin
BFLY
BFLY
MBAI
MBAI
Q4 25
-48.5%
2.3%
Q3 25
-158.1%
Q2 25
-59.2%
Q1 25
-65.8%
Q4 24
-81.0%
Q3 24
-82.3%
Q2 24
-73.1%
Q1 24
-123.2%
EPS (diluted)
BFLY
BFLY
MBAI
MBAI
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
Q1 24
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BFLY
BFLY
MBAI
MBAI
Cash + ST InvestmentsLiquidity on hand
$150.5M
$94.3K
Total DebtLower is stronger
Stockholders' EquityBook value
$196.0M
$1.4K
Total Assets
$296.5M
$184.9K
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFLY
BFLY
MBAI
MBAI
Q4 25
$150.5M
$94.3K
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
Stockholders' Equity
BFLY
BFLY
MBAI
MBAI
Q4 25
$196.0M
$1.4K
Q3 25
$203.8M
Q2 25
$232.8M
Q1 25
$239.7M
Q4 24
$168.8M
Q3 24
$181.8M
Q2 24
$194.3M
Q1 24
$204.0M
Total Assets
BFLY
BFLY
MBAI
MBAI
Q4 25
$296.5M
$184.9K
Q3 25
$290.0M
Q2 25
$313.3M
Q1 25
$318.4M
Q4 24
$256.1M
Q3 24
$265.3M
Q2 24
$273.1M
Q1 24
$284.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BFLY
BFLY
MBAI
MBAI
Operating Cash FlowLast quarter
$9.0M
$-89.2K
Free Cash FlowOCF − Capex
$7.9M
FCF MarginFCF / Revenue
25.2%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
-81.94×
TTM Free Cash FlowTrailing 4 quarters
$-16.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFLY
BFLY
MBAI
MBAI
Q4 25
$9.0M
$-89.2K
Q3 25
$-2.9M
Q2 25
$-7.2M
Q1 25
$-11.7M
Q4 24
$-3.1M
Q3 24
$-7.9M
Q2 24
$-10.0M
Q1 24
$-20.7M
Free Cash Flow
BFLY
BFLY
MBAI
MBAI
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 24
$-21.8M
FCF Margin
BFLY
BFLY
MBAI
MBAI
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 24
-123.5%
Capex Intensity
BFLY
BFLY
MBAI
MBAI
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%
Q1 24
6.4%
Cash Conversion
BFLY
BFLY
MBAI
MBAI
Q4 25
-81.94×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BFLY
BFLY

Products$18.1M57%
Software And Other Services$13.4M43%

MBAI
MBAI

Segment breakdown not available.

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