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Side-by-side financial comparison of Butterfly Network, Inc. (BFLY) and Ponce Financial Group, Inc. (PDLB). Click either name above to swap in a different company.
Ponce Financial Group, Inc. is the larger business by last-quarter revenue ($31.4M vs $26.5M, roughly 1.2× Butterfly Network, Inc.). Ponce Financial Group, Inc. runs the higher net margin — 36.3% vs -47.8%, a 84.1% gap on every dollar of revenue. On growth, Ponce Financial Group, Inc. posted the faster year-over-year revenue change (37.6% vs 25.0%). Over the past eight quarters, Ponce Financial Group, Inc.'s revenue compounded faster (23.7% 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.
Ponce Financial Group, Inc. is a U.S.-based financial holding company operating Ponce Bank as its core subsidiary. It serves multicultural, immigrant and low-to-moderate income communities in the New York metro area, offering retail and commercial banking products including deposits, mortgages, small business financing and personal credit.
BFLY vs PDLB — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.5M | $31.4M |
| Net Profit | $-12.7M | $10.1M |
| Gross Margin | 68.9% | — |
| Operating Margin | -21.2% | 43.6% |
| Net Margin | -47.8% | 36.3% |
| Revenue YoY | 25.0% | 37.6% |
| Net Profit YoY | — | 245.6% |
| EPS (diluted) | $-0.05 | $0.43 |
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 | $31.4M | ||
| Q3 25 | $21.5M | $26.7M | ||
| Q2 25 | $23.4M | $26.5M | ||
| Q1 25 | $21.2M | $24.6M | ||
| Q4 24 | $22.4M | $22.8M | ||
| Q3 24 | $20.6M | $20.2M | ||
| Q2 24 | $21.5M | $20.2M |
| Q1 26 | $-12.7M | — | ||
| Q4 25 | $-15.3M | $10.1M | ||
| Q3 25 | $-34.0M | $6.5M | ||
| Q2 25 | $-13.8M | $6.1M | ||
| Q1 25 | $-14.0M | $6.0M | ||
| Q4 24 | $-18.1M | $2.9M | ||
| Q3 24 | $-16.9M | $2.4M | ||
| Q2 24 | $-15.7M | $3.2M |
| 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% | 43.6% | ||
| Q3 25 | -163.5% | 32.8% | ||
| Q2 25 | -68.9% | 30.2% | ||
| Q1 25 | -87.0% | 32.5% | ||
| Q4 24 | -77.5% | 19.6% | ||
| Q3 24 | -83.9% | 15.2% | ||
| Q2 24 | -80.2% | 21.8% |
| Q1 26 | -47.8% | — | ||
| Q4 25 | -48.5% | 36.3% | ||
| Q3 25 | -158.1% | 24.3% | ||
| Q2 25 | -59.2% | 23.0% | ||
| Q1 25 | -65.8% | 24.2% | ||
| Q4 24 | -81.0% | 14.1% | ||
| Q3 24 | -82.3% | 12.1% | ||
| Q2 24 | -73.1% | 15.8% |
| Q1 26 | $-0.05 | — | ||
| Q4 25 | $-0.06 | $0.43 | ||
| Q3 25 | $-0.13 | $0.27 | ||
| Q2 25 | $-0.06 | $0.25 | ||
| Q1 25 | $-0.06 | $0.25 | ||
| Q4 24 | $-0.09 | $0.11 | ||
| Q3 24 | $-0.08 | $0.10 | ||
| Q2 24 | $-0.07 | $0.14 |
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 | $126.2M |
| Total DebtLower is stronger | — | $596.1M |
| Stockholders' EquityBook value | $191.2M | $541.5M |
| Total Assets | $285.9M | $3.2B |
| Debt / EquityLower = less leverage | — | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $138.0M | — | ||
| Q4 25 | $150.5M | $126.2M | ||
| Q3 25 | $144.2M | $146.6M | ||
| Q2 25 | $148.1M | $126.6M | ||
| Q1 25 | $155.2M | $129.9M | ||
| Q4 24 | $88.8M | $139.8M | ||
| Q3 24 | $93.8M | $155.8M | ||
| Q2 24 | $102.1M | $103.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $596.1M | ||
| Q3 25 | — | $521.1M | ||
| Q2 25 | — | $536.1M | ||
| Q1 25 | — | $521.1M | ||
| Q4 24 | — | $596.1M | ||
| Q3 24 | — | $580.4M | ||
| Q2 24 | — | $680.4M |
| Q1 26 | $191.2M | — | ||
| Q4 25 | $196.0M | $541.5M | ||
| Q3 25 | $203.8M | $529.8M | ||
| Q2 25 | $232.8M | $521.1M | ||
| Q1 25 | $239.7M | $513.9M | ||
| Q4 24 | $168.8M | $505.5M | ||
| Q3 24 | $181.8M | $504.6M | ||
| Q2 24 | $194.3M | $497.7M |
| Q1 26 | $285.9M | — | ||
| Q4 25 | $296.5M | $3.2B | ||
| Q3 25 | $290.0M | $3.2B | ||
| Q2 25 | $313.3M | $3.2B | ||
| Q1 25 | $318.4M | $3.1B | ||
| Q4 24 | $256.1M | $3.0B | ||
| Q3 24 | $265.3M | $3.0B | ||
| Q2 24 | $273.1M | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | — | 1.01× | ||
| Q4 24 | — | 1.18× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 1.37× |
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 | $55.6M |
| Free Cash FlowOCF − Capex | — | $54.6M |
| FCF MarginFCF / Revenue | — | 173.9% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | — | 5.48× |
| TTM Free Cash FlowTrailing 4 quarters | — | $74.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-13.9M | — | ||
| Q4 25 | $9.0M | $55.6M | ||
| Q3 25 | $-2.9M | $1.4M | ||
| Q2 25 | $-7.2M | $6.2M | ||
| Q1 25 | $-11.7M | $13.1M | ||
| Q4 24 | $-3.1M | $7.2M | ||
| Q3 24 | $-7.9M | $-14.6M | ||
| Q2 24 | $-10.0M | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | $7.9M | $54.6M | ||
| Q3 25 | $-3.9M | $786.0K | ||
| Q2 25 | $-8.1M | $5.9M | ||
| Q1 25 | $-12.0M | $12.9M | ||
| Q4 24 | $-3.5M | $4.5M | ||
| Q3 24 | $-8.3M | $-15.0M | ||
| Q2 24 | $-10.7M | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | 25.2% | 173.9% | ||
| Q3 25 | -18.2% | 2.9% | ||
| Q2 25 | -34.5% | 22.4% | ||
| Q1 25 | -56.7% | 52.6% | ||
| Q4 24 | -15.8% | 19.7% | ||
| Q3 24 | -40.5% | -74.1% | ||
| Q2 24 | -50.0% | -13.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 3.1% | ||
| Q3 25 | 4.7% | 2.3% | ||
| Q2 25 | 3.8% | 1.0% | ||
| Q1 25 | 1.7% | 0.6% | ||
| Q4 24 | 1.8% | 11.9% | ||
| Q3 24 | 2.0% | 2.0% | ||
| Q2 24 | 3.4% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.48× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 1.01× | ||
| Q1 25 | — | 2.20× | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | — | -5.99× | ||
| Q2 24 | — | -0.80× |
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% |
PDLB
Segment breakdown not available.
