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Side-by-side financial comparison of Butterfly Network, Inc. (BFLY) and SYPRIS SOLUTIONS INC (SYPR). Click either name above to swap in a different company.

SYPRIS SOLUTIONS INC is the larger business by last-quarter revenue ($30.3M vs $26.5M, roughly 1.1× Butterfly Network, Inc.). SYPRIS SOLUTIONS INC runs the higher net margin — -12.9% vs -47.8%, a 34.9% gap on every dollar of revenue. On growth, Butterfly Network, Inc. posted the faster year-over-year revenue change (25.0% vs -9.5%). Over the past eight quarters, Butterfly Network, Inc.'s revenue compounded faster (11.1% CAGR vs -7.7%).

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.

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

BFLY vs SYPR — Head-to-Head

Bigger by revenue
SYPR
SYPR
1.1× larger
SYPR
$30.3M
$26.5M
BFLY
Growing faster (revenue YoY)
BFLY
BFLY
+34.5% gap
BFLY
25.0%
-9.5%
SYPR
Higher net margin
SYPR
SYPR
34.9% more per $
SYPR
-12.9%
-47.8%
BFLY
Faster 2-yr revenue CAGR
BFLY
BFLY
Annualised
BFLY
11.1%
-7.7%
SYPR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BFLY
BFLY
SYPR
SYPR
Revenue
$26.5M
$30.3M
Net Profit
$-12.7M
$-3.9M
Gross Margin
68.9%
4.6%
Operating Margin
-21.2%
-10.9%
Net Margin
-47.8%
-12.9%
Revenue YoY
25.0%
-9.5%
Net Profit YoY
-2992.6%
EPS (diluted)
$-0.05
$-0.17

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
SYPR
SYPR
Q1 26
$26.5M
Q4 25
$31.5M
$30.3M
Q3 25
$21.5M
$28.7M
Q2 25
$23.4M
$31.4M
Q1 25
$21.2M
$29.5M
Q4 24
$22.4M
$33.4M
Q3 24
$20.6M
$35.7M
Q2 24
$21.5M
$35.5M
Net Profit
BFLY
BFLY
SYPR
SYPR
Q1 26
$-12.7M
Q4 25
$-15.3M
$-3.9M
Q3 25
$-34.0M
$517.0K
Q2 25
$-13.8M
$-2.1M
Q1 25
$-14.0M
$-899.0K
Q4 24
$-18.1M
$135.0K
Q3 24
$-16.9M
$390.0K
Q2 24
$-15.7M
$16.0K
Gross Margin
BFLY
BFLY
SYPR
SYPR
Q1 26
68.9%
Q4 25
67.3%
4.6%
Q3 25
-17.5%
7.2%
Q2 25
63.7%
8.2%
Q1 25
63.0%
11.4%
Q4 24
61.5%
16.1%
Q3 24
59.5%
16.8%
Q2 24
58.6%
15.9%
Operating Margin
BFLY
BFLY
SYPR
SYPR
Q1 26
-21.2%
Q4 25
-53.0%
-10.9%
Q3 25
-163.5%
-6.1%
Q2 25
-68.9%
-4.6%
Q1 25
-87.0%
-0.4%
Q4 24
-77.5%
3.9%
Q3 24
-83.9%
4.8%
Q2 24
-80.2%
3.6%
Net Margin
BFLY
BFLY
SYPR
SYPR
Q1 26
-47.8%
Q4 25
-48.5%
-12.9%
Q3 25
-158.1%
1.8%
Q2 25
-59.2%
-6.5%
Q1 25
-65.8%
-3.0%
Q4 24
-81.0%
0.4%
Q3 24
-82.3%
1.1%
Q2 24
-73.1%
0.0%
EPS (diluted)
BFLY
BFLY
SYPR
SYPR
Q1 26
$-0.05
Q4 25
$-0.06
$-0.17
Q3 25
$-0.13
$0.02
Q2 25
$-0.06
$-0.09
Q1 25
$-0.06
$-0.04
Q4 24
$-0.09
$0.00
Q3 24
$-0.08
$0.02
Q2 24
$-0.07
$0.00

Balance Sheet & Financial Strength

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

Metric
BFLY
BFLY
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
$138.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$191.2M
$17.8M
Total Assets
$285.9M
$107.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFLY
BFLY
SYPR
SYPR
Q1 26
$138.0M
Q4 25
$150.5M
Q3 25
$144.2M
Q2 25
$148.1M
Q1 25
$155.2M
Q4 24
$88.8M
Q3 24
$93.8M
Q2 24
$102.1M
Stockholders' Equity
BFLY
BFLY
SYPR
SYPR
Q1 26
$191.2M
Q4 25
$196.0M
$17.8M
Q3 25
$203.8M
$20.0M
Q2 25
$232.8M
$18.7M
Q1 25
$239.7M
$19.0M
Q4 24
$168.8M
$19.6M
Q3 24
$181.8M
$18.2M
Q2 24
$194.3M
$19.0M
Total Assets
BFLY
BFLY
SYPR
SYPR
Q1 26
$285.9M
Q4 25
$296.5M
$107.8M
Q3 25
$290.0M
$112.5M
Q2 25
$313.3M
$105.8M
Q1 25
$318.4M
$110.2M
Q4 24
$256.1M
$119.4M
Q3 24
$265.3M
$121.6M
Q2 24
$273.1M
$124.2M

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
SYPR
SYPR
Operating Cash FlowLast quarter
$-13.9M
$-1.1M
Free Cash FlowOCF − Capex
$-1.5M
FCF MarginFCF / Revenue
-5.0%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFLY
BFLY
SYPR
SYPR
Q1 26
$-13.9M
Q4 25
$9.0M
$-1.1M
Q3 25
$-2.9M
$-178.0K
Q2 25
$-7.2M
$1.1M
Q1 25
$-11.7M
$-5.5M
Q4 24
$-3.1M
$2.3M
Q3 24
$-7.9M
$-4.8M
Q2 24
$-10.0M
$6.2M
Free Cash Flow
BFLY
BFLY
SYPR
SYPR
Q1 26
Q4 25
$7.9M
$-1.5M
Q3 25
$-3.9M
$-390.0K
Q2 25
$-8.1M
$941.0K
Q1 25
$-12.0M
$-5.5M
Q4 24
$-3.5M
$1.9M
Q3 24
$-8.3M
$-4.9M
Q2 24
$-10.7M
$6.0M
FCF Margin
BFLY
BFLY
SYPR
SYPR
Q1 26
Q4 25
25.2%
-5.0%
Q3 25
-18.2%
-1.4%
Q2 25
-34.5%
3.0%
Q1 25
-56.7%
-18.8%
Q4 24
-15.8%
5.7%
Q3 24
-40.5%
-13.8%
Q2 24
-50.0%
16.8%
Capex Intensity
BFLY
BFLY
SYPR
SYPR
Q1 26
Q4 25
3.4%
1.3%
Q3 25
4.7%
0.7%
Q2 25
3.8%
0.5%
Q1 25
1.7%
0.0%
Q4 24
1.8%
1.2%
Q3 24
2.0%
0.4%
Q2 24
3.4%
0.5%
Cash Conversion
BFLY
BFLY
SYPR
SYPR
Q1 26
Q4 25
Q3 25
-0.34×
Q2 25
Q1 25
Q4 24
17.13×
Q3 24
-12.21×
Q2 24
385.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFLY
BFLY

Product$14.7M55%
Software and other services$11.9M45%

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

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