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Side-by-side financial comparison of Butterfly Network, Inc. (BFLY) and Maison Solutions Inc. (MSS). Click either name above to swap in a different company.

Butterfly Network, Inc. is the larger business by last-quarter revenue ($31.5M vs $27.6M, roughly 1.1× Maison Solutions Inc.). Maison Solutions Inc. runs the higher net margin — -18.0% vs -48.5%, a 30.5% gap on every dollar of revenue. On growth, Butterfly Network, Inc. posted the faster year-over-year revenue change (41.0% vs -10.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs 33.6%).

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.

Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.

BFLY vs MSS — Head-to-Head

Bigger by revenue
BFLY
BFLY
1.1× larger
BFLY
$31.5M
$27.6M
MSS
Growing faster (revenue YoY)
BFLY
BFLY
+51.9% gap
BFLY
41.0%
-10.9%
MSS
Higher net margin
MSS
MSS
30.5% more per $
MSS
-18.0%
-48.5%
BFLY
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
33.6%
BFLY

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BFLY
BFLY
MSS
MSS
Revenue
$31.5M
$27.6M
Net Profit
$-15.3M
$-5.0M
Gross Margin
67.3%
23.4%
Operating Margin
-53.0%
-4.9%
Net Margin
-48.5%
-18.0%
Revenue YoY
41.0%
-10.9%
Net Profit YoY
15.5%
-1840.5%
EPS (diluted)
$-0.06
$-0.23

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
MSS
MSS
Q4 25
$31.5M
$27.6M
Q3 25
$21.5M
$27.2M
Q2 25
$23.4M
$34.4M
Q1 25
$21.2M
$32.3M
Q4 24
$22.4M
$29.4M
Q3 24
$20.6M
$28.2M
Q2 24
$21.5M
$16.9M
Q1 24
$17.7M
$13.6M
Net Profit
BFLY
BFLY
MSS
MSS
Q4 25
$-15.3M
$-5.0M
Q3 25
$-34.0M
$-1.5M
Q2 25
$-13.8M
$-287.4K
Q1 25
$-14.0M
$1.0M
Q4 24
$-18.1M
$-256.0K
Q3 24
$-16.9M
$700.9K
Q2 24
$-15.7M
$-2.8M
Q1 24
$-21.8M
$-549.0K
Gross Margin
BFLY
BFLY
MSS
MSS
Q4 25
67.3%
23.4%
Q3 25
-17.5%
24.1%
Q2 25
63.7%
9.5%
Q1 25
63.0%
21.8%
Q4 24
61.5%
26.9%
Q3 24
59.5%
28.9%
Q2 24
58.6%
13.0%
Q1 24
58.2%
23.4%
Operating Margin
BFLY
BFLY
MSS
MSS
Q4 25
-53.0%
-4.9%
Q3 25
-163.5%
0.7%
Q2 25
-68.9%
-15.9%
Q1 25
-87.0%
3.7%
Q4 24
-77.5%
3.2%
Q3 24
-83.9%
7.3%
Q2 24
-80.2%
-14.4%
Q1 24
-128.1%
-2.3%
Net Margin
BFLY
BFLY
MSS
MSS
Q4 25
-48.5%
-18.0%
Q3 25
-158.1%
-5.7%
Q2 25
-59.2%
-0.8%
Q1 25
-65.8%
3.1%
Q4 24
-81.0%
-0.9%
Q3 24
-82.3%
2.5%
Q2 24
-73.1%
-16.4%
Q1 24
-123.2%
-4.0%
EPS (diluted)
BFLY
BFLY
MSS
MSS
Q4 25
$-0.06
$-0.23
Q3 25
$-0.13
$-0.08
Q2 25
$-0.06
$-0.02
Q1 25
$-0.06
$0.06
Q4 24
$-0.09
$-0.01
Q3 24
$-0.08
$0.04
Q2 24
$-0.07
$-0.16
Q1 24
$-0.10
$-0.03

Balance Sheet & Financial Strength

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

Metric
BFLY
BFLY
MSS
MSS
Cash + ST InvestmentsLiquidity on hand
$150.5M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$196.0M
$11.6M
Total Assets
$296.5M
$75.4M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFLY
BFLY
MSS
MSS
Q4 25
$150.5M
Q3 25
$144.2M
$1.1M
Q2 25
$148.1M
$775.4K
Q1 25
$155.2M
$445.4K
Q4 24
$88.8M
$355.7K
Q3 24
$93.8M
$588.9K
Q2 24
$102.1M
$2.1M
Q1 24
$112.7M
$9.4M
Total Debt
BFLY
BFLY
MSS
MSS
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$2.6M
Q1 25
Q4 24
Q3 24
$2.5M
Q2 24
$2.6M
Q1 24
$2.6M
Stockholders' Equity
BFLY
BFLY
MSS
MSS
Q4 25
$196.0M
$11.6M
Q3 25
$203.8M
$10.1M
Q2 25
$232.8M
$11.7M
Q1 25
$239.7M
$12.0M
Q4 24
$168.8M
$10.9M
Q3 24
$181.8M
$11.2M
Q2 24
$194.3M
$10.5M
Q1 24
$204.0M
$13.3M
Total Assets
BFLY
BFLY
MSS
MSS
Q4 25
$296.5M
$75.4M
Q3 25
$290.0M
$73.3M
Q2 25
$313.3M
$77.4M
Q1 25
$318.4M
$82.7M
Q4 24
$256.1M
$82.7M
Q3 24
$265.3M
$82.1M
Q2 24
$273.1M
$82.4M
Q1 24
$284.3M
$44.2M
Debt / Equity
BFLY
BFLY
MSS
MSS
Q4 25
0.22×
Q3 25
0.26×
Q2 25
0.22×
Q1 25
Q4 24
Q3 24
0.23×
Q2 24
0.24×
Q1 24
0.19×

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
MSS
MSS
Operating Cash FlowLast quarter
$9.0M
$-1.7M
Free Cash FlowOCF − Capex
$7.9M
FCF MarginFCF / Revenue
25.2%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-16.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFLY
BFLY
MSS
MSS
Q4 25
$9.0M
$-1.7M
Q3 25
$-2.9M
$1.1M
Q2 25
$-7.2M
$-1.6M
Q1 25
$-11.7M
$1.7M
Q4 24
$-3.1M
$1.1M
Q3 24
$-7.9M
$3.6M
Q2 24
$-10.0M
$-2.6M
Q1 24
$-20.7M
$-1.4M
Free Cash Flow
BFLY
BFLY
MSS
MSS
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
MSS
MSS
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
MSS
MSS
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
MSS
MSS
Q4 25
Q3 25
Q2 25
Q1 25
1.66×
Q4 24
Q3 24
5.12×
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%

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

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