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Side-by-side financial comparison of Butterfly Network, Inc. (BFLY) and Orchid Island Capital, Inc. (ORC). Click either name above to swap in a different company.
Orchid Island Capital, Inc. is the larger business by last-quarter revenue ($38.5M vs $26.5M, roughly 1.5× Butterfly Network, Inc.). Orchid Island Capital, Inc. runs the higher net margin — 268.7% vs -47.8%, a 316.5% gap on every dollar of revenue. On growth, Orchid Island Capital, Inc. posted the faster year-over-year revenue change (372.6% vs 25.0%). Over the past eight quarters, Orchid Island Capital, Inc.'s revenue compounded faster (301.6% 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.
Orchid Island Capital, Inc. is a U.S.-based specialty finance company operating as a real estate investment trust. It primarily invests in residential mortgage-backed securities, including agency and non-agency products, targeting consistent risk-adjusted returns for its investors across U.S. fixed income markets.
BFLY vs ORC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.5M | $38.5M |
| Net Profit | $-12.7M | $103.4M |
| Gross Margin | 68.9% | — |
| Operating Margin | -21.2% | — |
| Net Margin | -47.8% | 268.7% |
| Revenue YoY | 25.0% | 372.6% |
| Net Profit YoY | — | 1764.9% |
| 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 | $38.5M | ||
| Q3 25 | $21.5M | $26.9M | ||
| Q2 25 | $23.4M | $23.2M | ||
| Q1 25 | $21.2M | $19.7M | ||
| Q4 24 | $22.4M | — | ||
| Q3 24 | $20.6M | $340.0K | ||
| Q2 24 | $21.5M | $-697.0K |
| Q1 26 | $-12.7M | — | ||
| Q4 25 | $-15.3M | $103.4M | ||
| Q3 25 | $-34.0M | $72.1M | ||
| Q2 25 | $-13.8M | $-33.6M | ||
| Q1 25 | $-14.0M | $17.1M | ||
| Q4 24 | $-18.1M | — | ||
| Q3 24 | $-16.9M | $17.3M | ||
| Q2 24 | $-15.7M | $-5.0M |
| Q1 26 | 68.9% | — | ||
| Q4 25 | 67.3% | — | ||
| 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 26 | -21.2% | — | ||
| Q4 25 | -53.0% | — | ||
| 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 26 | -47.8% | — | ||
| Q4 25 | -48.5% | 268.7% | ||
| Q3 25 | -158.1% | 267.8% | ||
| Q2 25 | -59.2% | -145.0% | ||
| Q1 25 | -65.8% | 86.9% | ||
| Q4 24 | -81.0% | — | ||
| Q3 24 | -82.3% | 5094.1% | ||
| Q2 24 | -73.1% | 714.3% |
| 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 | $665.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $191.2M | $1.4B |
| Total Assets | $285.9M | $11.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $138.0M | — | ||
| Q4 25 | $150.5M | $665.9M | ||
| Q3 25 | $144.2M | $583.9M | ||
| Q2 25 | $148.1M | $440.8M | ||
| Q1 25 | $155.2M | $396.4M | ||
| Q4 24 | $88.8M | — | ||
| Q3 24 | $93.8M | $322.1M | ||
| Q2 24 | $102.1M | $241.0M |
| Q1 26 | $191.2M | — | ||
| Q4 25 | $196.0M | $1.4B | ||
| Q3 25 | $203.8M | $1.1B | ||
| Q2 25 | $232.8M | $912.0M | ||
| Q1 25 | $239.7M | $855.9M | ||
| Q4 24 | $168.8M | — | ||
| Q3 24 | $181.8M | $656.0M | ||
| Q2 24 | $194.3M | $555.9M |
| Q1 26 | $285.9M | — | ||
| Q4 25 | $296.5M | $11.7B | ||
| Q3 25 | $290.0M | $9.1B | ||
| Q2 25 | $313.3M | $7.6B | ||
| Q1 25 | $318.4M | $7.3B | ||
| Q4 24 | $256.1M | — | ||
| Q3 24 | $265.3M | $5.9B | ||
| Q2 24 | $273.1M | $4.9B |
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 | $120.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-13.9M | — | ||
| Q4 25 | $9.0M | $120.4M | ||
| Q3 25 | $-2.9M | $28.0M | ||
| Q2 25 | $-7.2M | $18.4M | ||
| Q1 25 | $-11.7M | $25.8M | ||
| Q4 24 | $-3.1M | — | ||
| Q3 24 | $-7.9M | $-14.8M | ||
| Q2 24 | $-10.0M | $19.3M |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.16× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.86× | ||
| 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% |
ORC
Segment breakdown not available.
