NYSE · Financial Statements

Butterfly Network, Inc. (BFLY) Financial Statements

$6.76 NYSE: BFLY Market Cap $1.80B

Butterfly Network, Inc. most recently reported annual revenue of $98.0M, a net loss of $77.0M. Revenue grew at an average annual rate of 16.3% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Butterfly Network, Inc.: Revenue rose from $2.0M in 2018 to $98.0M in 2025, a change of +4800.0% over 7 years; net profit was positive in 0 of 8 reported years; operating margin moved from -3478.8% to -88.5%, a shift of +3390.2 percentage points; the most recent year shows a net loss of $77.0M.

Income Statement — 8 Years (USD millions)

Metric20182019202020212022202320242025
Revenue$2.0M$28.0M$46.0M$63.0M$73.0M$66.0M$82.0M$98.0M
Operating Expenses$55.0M$130.0M$208.0M$255.0M$266.0M$212.0M$156.0M$184.0M
Operating Profit$-53.0M$-102.0M$-162.0M$-193.0M$-193.0M$-146.0M$-74.0M$-86.0M
Operating Margin-3478.8%-370.9%-349.4%-308.0%-263.0%-221.0%-90.7%-88.5%
Other Income$2.0M$3.0M$-1.0M$160.0M$24.0M$12.0M$2.0M$9.0M
Interest$0$0$1.0M$1.0M$0$0$1.0M$1.0M
Depreciation$0$1.0M$1.0M$2.0M$6.0M$11.0M$10.0M$8.0M
Profit Before Tax$-51.0M$-100.0M$-163.0M$-32.0M$-169.0M$-134.0M$-73.0M$-77.0M
Tax$0$0$-20,000$-370,000$-20,000$-60,000$40,000$-140,000
Net Profit$-51.0M$-100.0M$-163.0M$-32.0M$-169.0M$-134.0M$-72.0M$-77.0M
EPS$-9.63$-16.45$-26.87$-0.19$-0.84$-0.65$-0.34$-0.31
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$15.0M$17.0M$18.0M$21.0M$21.0M$22.0M$21.0M$23.0M$21.0M$32.0M$27.0M$33.0M
Operating Expenses$48.0M$63.0M$40.0M$39.0M$38.0M$40.0M$40.0M$39.0M$54.0M$51.0M$40.0M$46.0M
Operating Profit$-33.0M$-47.0M$-23.0M$-17.0M$-17.0M$-17.0M$-18.0M$-16.0M$-32.0M$-19.0M$-14.0M$-14.0M
Operating Margin-211.2%-282.9%-128.1%-80.2%-83.9%-77.5%-87.0%-68.8%-150.7%-61.8%-52.3%-41.9%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-27.0M$-44.0M$-22.0M$-16.0M$-17.0M$-18.0M$-14.0M$-14.0M$-34.0M$-15.0M$-13.0M$-13.0M
Tax$-10,000$0$-10,000$-110,000$-340,000$600,000$-50,000$-140,000$-50,000$-430,000$0$0
Net Profit$-27.0M$-44.0M$-22.0M$-16.0M$-17.0M$-18.0M$-14.0M$-14.0M$-34.0M$-15.0M$-13.0M$-13.0M
EPS$-0.13$-0.21$-0.10$-0.07$-0.08$-0.08$-0.06$-0.06$-0.13$-0.06$-0.05$-0.05

Over the 8 years reported for Butterfly Network, Inc., cash stood at $150.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 3.83 times.

Balance Sheet — 8 Years (USD millions)

Metric20182019202020212022202320242025
Total Assets$248.0M$165.0M$147.0M$572.0M$418.0M$304.0M$256.0M$297.0M
Current Assets$239.0M$109.0M$97.0M$512.0M$357.0M$231.0M$193.0M$249.0M
Cash$215.0M$90.0M$60.0M$423.0M$163.0M$135.0M$89.0M$150.0M
Inventory$11.0M$9.0M$26.0M$36.0M$60.0M$73.0M$71.0M$61.0M
Receivables$1.0M$2.0M$6.0M$12.0M$15.0M$13.0M$21.0M$27.0M
Fixed Assets$2.0M$5.0M$7.0M$39.0M$53.0M$41.0M$34.0M$29.0M
Capital Work in Progress$0$0$0$0$0$0$0$0
Investments$0$0$0$4.0M$79.0M$4.0M$4.0M$4.0M
Other Assets$0$0$0$0$0$0$0$0
Total Liabilities$6.0M$15.0M$148.0M$124.0M$92.0M$84.0M$87.0M$101.0M
Current Liabilities$6.0M$15.0M$70.0M$50.0M$51.0M$44.0M$48.0M$65.0M
Borrowings$0$0$54.0M$29.0M$32.0M$25.0M$23.0M$20.0M
Other Liabilities$6.0M$15.0M$94.0M$95.0M$60.0M$59.0M$64.0M$80.0M
Equity$0$0$0$0$0$0$0$0
Reserves$242.0M$149.0M$-1.0M$448.0M$325.0M$220.0M$169.0M$196.0M

For Butterfly Network, Inc., operating cash flow was positive in 0 of 8 reported years; free cash flow in the latest year was negative at $16.0M; free cash flow was positive in 0 of 8 years.

Cash Flow Statement — 8 Years (USD millions)

Metric20182019202020212022202320242025
Operating Cash Flow$-70.0M$-120.0M$-82.0M$-189.0M$-169.0M$-99.0M$-42.0M$-13.0M
Investing Cash Flow$-2.0M$-9.0M$-5.0M$-18.0M$-112.0M$65.0M$-5.0M$-7.0M
Financing Cash Flow$248.0M$0$0$22.0M$3.0M$0$-1.0M$76.0M
Net Cash Flow$177.0M$-125.0M$-30.0M$367.0M$-260.0M$-28.0M$-46.0M$62.0M
Free Cash Flow$-71.0M$-125.0M$-84.0M$-197.0M$-187.0M$-105.0M$-44.0M$-16.0M

Valuation & Return Ratios

MetricValue
PEG Ratio4.53
EV / EBITDA-35.59
FCF Yield-1.14%
Quick Ratio3.06
Interest Coverage-59.42
Return 1Y202.56%
Return 3Y174.47%
Return 5Y-38.75%

Butterfly Network, Inc. (BFLY) financials — frequently asked questions

What is Butterfly Network, Inc.'s annual revenue?

Butterfly Network, Inc. (BFLY) reported annual revenue of $98.0M in its most recent fiscal year.

What is Butterfly Network, Inc.'s net profit?

Butterfly Network, Inc. (BFLY) reported a net loss of $77.0M in its most recent fiscal year.

What is BFLY EV/EBITDA?

Butterfly Network, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -35.59. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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