NYSE : BFLY
Butterfly Network, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 6.39 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.71B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Butterfly Network, Inc. (BFLY) reported revenue of 123.25M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 123.25M | 97.61M | 82.06M | 65.90M | 73.39M | 62.56M |
| Cost of Revenue | 36.66M | 34.48M | 33.23M | 49.04M | 33.93M | 31.55M |
| Gross Profit | 86.60M | 63.13M | 48.83M | 16.86M | 39.46M | 31.02M |
| Selling, General & Admin | 91.51M | 85.11M | 81.38M | 88.69M | 137.09M | 135.32M |
| Research & Development | 39.57M | 36.26M | 37.80M | 55.62M | 88.04M | 74.46M |
| Operating Expenses | 131.08M | 121.37M | 119.18M | 144.30M | 225.13M | 209.78M |
| Operating Income | -44.48M | -58.24M | -70.35M | -127.45M | -185.67M | -178.76M |
| Interest Expense | -1.24M | -1.49M | -1.26M | -2.00K | -651.00K | |
| Interest & Investment Income | 4.65M | 5.91M | 5.02M | 7.45M | 3.38M | 2.57M |
| Other Non Operating Income (Expenses) | 794.00K | 5.04M | -1.87M | 4.54M | 20.96M | 158.52M |
| EBT Excluding Unusual Items | -40.28M | -48.78M | -68.46M | -115.45M | -161.34M | -18.32M |
| Merger & Restructuring Charges | -691.00K | -985.00K | -1.34M | -8.70M | -2.02M | |
| Asset Writedown | -17.40M | |||||
| Legal Settlements | -26.35M | -9.79M | -2.72M | -9.46M | -5.33M | |
| Other Unusual Items | -13.96M | |||||
| Pretax Income | -53.62M | -76.95M | -72.52M | -133.62M | -168.68M | -32.29M |
| Income Tax Expense | 67.00K | 110.00K | -32.00K | 82.00K | 42.00K | 121.00K |
| Net Income | -53.69M | -77.06M | -72.49M | -133.70M | -168.72M | -32.41M |
| Net Income to Common | -53.69M | -77.06M | -72.49M | -133.70M | -168.72M | -32.41M |
| Shares Outstanding (Basic) | 259.53M | 247.12M | 211.68M | 205.39M | 205.39M | 173.81M |
| Shares Outstanding (Diluted) | 259.53M | 247.12M | 211.68M | 205.39M | 205.39M | 173.81M |
| EPS (Basic) | -0.21 | -0.31 | -0.34 | -0.65 | -0.82 | -0.19 |
| EPS (Diluted) | -0.21 | -0.31 | -0.34 | -0.65 | -0.82 | -0.19 |
| Free Cash Flow | -27.55M | -16.05M | -44.40M | -104.60M | -187.42M | -197.06M |
| Free Cash Flow Per Share | -0.11 | -0.07 | -0.21 | -0.51 | -0.91 | -1.13 |
| Gross Margin | 70.26% | 64.68% | 59.51% | 25.58% | 53.77% | 49.58% |
| Operating Margin | -36.09% | -59.66% | -85.73% | -193.39% | -253.00% | -285.72% |
| Profit Margin | -43.56% | -78.95% | -88.34% | -202.88% | -229.90% | -51.80% |
| Free Cash Flow Margin | -22.35% | -16.44% | -54.11% | -158.73% | -255.37% | -314.98% |
| EBITDA | -41.64M | -54.16M | -66.10M | -124.17M | -183.04M | -177.17M |
| EBITDA Margin | -33.78% | -55.48% | -80.56% | -188.43% | -249.41% | -283.18% |
| D&A For EBITDA | 2.84M | 4.08M | 4.24M | 3.27M | 2.63M | 1.59M |
| EBIT | -44.48M | -58.24M | -70.35M | -127.45M | -185.67M | -178.76M |
| EBIT Margin | -36.09% | -59.66% | -85.73% | -193.39% | -253.00% | -285.72% |
| Revenue as Reported | 123.25M | 97.61M | 82.06M | 65.90M | 73.39M | 62.56M |
| Advertising Expenses | 3.80M | 4.30M | 4.30M | 5.80M | 8.30M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 122.30M | 150.49M | 88.78M | 134.44M | 162.56M | 422.84M |
| Short-Term Investments | 75.25M | |||||
| Cash & Short-Term Investments | 122.30M | 150.49M | 88.78M | 134.44M | 237.81M | 422.84M |
| Accounts Receivable | 37.38M | 26.74M | 20.79M | 13.42M | 14.69M | 11.94M |
| Other Receivables | 13.70M | |||||
| Receivables | 51.08M | 26.74M | 20.79M | 13.42M | 14.69M | 11.94M |
| Inventory | 59.58M | 61.39M | 70.79M | 73.02M | 59.97M | 36.24M |
| Prepaid Expenses | 7.78M | 8.42M | 6.71M | 7.37M | 9.24M | 13.38M |
| Restricted Cash | 199.00K | 253.00K | ||||
| Other Current Assets | 2.92M | 2.06M | 5.55M | 2.81M | 35.18M | 27.50M |
| Total Current Assets | 243.67M | 249.10M | 192.61M | 231.26M | 357.14M | 511.90M |
| Property, Plant & Equipment | 27.22M | 25.36M | 28.57M | 32.67M | 42.05M | 38.79M |
| Other Intangible Assets | 6.47M | 11.40M | 14.09M | 18.64M | 10.85M | |
| Other Long-Term Assets | 10.62M | 10.68M | 20.80M | 21.70M | 7.54M | 21.27M |
| Total Assets | 287.98M | 296.53M | 256.08M | 304.27M | 417.57M | 571.97M |
| Accounts Payable | 5.66M | 5.44M | 4.25M | 5.09M | 7.21M | 5.80M |
| Accrued Expenses | 18.31M | 16.75M | 15.56M | 13.12M | 17.06M | 18.02M |
| Current Portion of Leases | 2.87M | 2.68M | 2.44M | 2.19M | 1.93M | 1.39M |
| Current Unearned Revenue | 15.93M | 26.91M | 16.14M | 15.62M | 15.86M | 13.07M |
| Other Current Liabilities | 25.22M | 13.34M | 9.83M | 8.24M | 9.28M | 11.55M |
| Total Current Liabilities | 67.99M | 65.12M | 48.22M | 44.27M | 51.33M | 49.83M |
| Long-Term Leases | 15.55M | 17.72M | 20.40M | 22.84M | 29.97M | 27.69M |
| Long-Term Unearned Revenue | 11.13M | 9.39M | 7.32M | 7.39M | 4.96M | 5.48M |
| Other Long-Term Liabilities | 8.86M | 8.32M | 11.32M | 9.72M | 5.96M | 41.28M |
| Total Liabilities | 103.53M | 100.55M | 87.25M | 84.22M | 92.21M | 124.27M |
| Common Stock | 27.00K | 26.00K | 22.00K | 21.00K | 20.00K | 20.00K |
| Additional Paid-In Capital | 1.10B | 1.08B | 970.94M | 949.67M | 921.28M | 874.89M |
| Retained Earnings | -917.59M | -879.19M | -802.13M | -729.64M | -595.94M | -427.21M |
| Total Common Equity | 184.44M | 195.98M | 168.83M | 220.05M | 325.36M | 447.69M |
| Shareholders' Equity | 184.44M | 195.98M | 168.83M | 220.05M | 325.36M | 447.69M |
| Total Liabilities & Equity | 287.98M | 296.53M | 256.08M | 304.27M | 417.57M | 571.97M |
| Total Debt | 18.41M | 20.40M | 22.84M | 25.03M | 31.89M | 29.08M |
| Net Cash (Debt) | 103.89M | 130.09M | 65.94M | 109.41M | 205.92M | 393.76M |
| Net Cash Per Share | 0.40 | 0.53 | 0.31 | 0.53 | 1.00 | 2.27 |
| Filing Date Shares Outstanding | 267.46M | 254.63M | 242.92M | 208.13M | 203.44M | 198.16M |
| Total Common Shares Outstanding | 267.33M | 253.75M | 215.05M | 207.65M | 200.89M | 198.04M |
| Working Capital | 175.68M | 183.99M | 144.40M | 186.99M | 305.81M | 462.07M |
| Book Value Per Share | 0.69 | 0.77 | 0.79 | 1.06 | 1.62 | 2.26 |
| Tangible Book Value | 177.98M | 184.58M | 154.74M | 201.41M | 314.51M | 447.69M |
| Tangible Book Value Per Share | 0.67 | 0.73 | 0.72 | 0.97 | 1.57 | 2.26 |
| Machinery | 12.51M | 12.20M | 12.08M | 11.78M | 6.90M | |
| Construction In Progress | 2.42M | 2.39M | 2.57M | 1.94M | 5.09M | |
| Leasehold Improvements | 11.51M | 11.12M | 11.10M | 13.79M | 4.21M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -53.69M | -77.06M | -72.49M | -133.70M | -168.72M | -32.41M |
| Depreciation & Amortization | 2.84M | 4.08M | 4.24M | 3.27M | 2.63M | 1.59M |
| Other Amortization | 4.00M | 4.00M | 6.10M | 5.50M | 3.30M | 500.00K |
| Asset Writedown & Restructuring Costs | 1.80M | |||||
| Stock-Based Compensation | 25.67M | 23.43M | 21.03M | 27.48M | 42.53M | 47.80M |
| Other Operating Activities | 2.07M | 17.61M | 4.23M | 16.96M | -19.46M | -155.62M |
| Change in Accounts Receivable | -14.78M | -6.75M | -8.50M | -162.00K | -3.06M | -6.13M |
| Change in Inventory | 2.60M | 1.43M | 2.22M | -34.13M | -24.51M | -11.29M |
| Change in Accounts Payable | 2.29M | 1.20M | -841.00K | -1.88M | 1.22M | -10.52M |
| Change in Unearned Revenue | 2.77M | 12.85M | 435.00K | 2.21M | 2.27M | 7.31M |
| Change in Other Net Operating Assets | 2.81M | 6.52M | 1.87M | 13.83M | -5.31M | -30.43M |
| Operating Cash Flow | -23.40M | -12.70M | -41.71M | -98.82M | -169.12M | -189.19M |
| Capital Expenditures | -4.15M | -3.35M | -2.69M | -5.78M | -18.30M | -7.88M |
| Sale of Property, Plant & Equipment | 36.00K | 10.00K | 57.00K | |||
| Investment in Securities | 76.19M | -75.53M | -1.99M | |||
| Investing Cash Flow | -4.15M | -3.35M | -2.66M | 70.41M | -93.78M | -9.87M |
| Long-Term Debt Repaid | -4.37M | |||||
| Net Debt Issued (Repaid) | -4.37M | |||||
| Issuance of Common Stock | 14.22M | 89.14M | 559.00K | 228.00K | 2.98M | 570.11M |
| Repurchase of Common Stock | -16.00K | -2.78M | -739.00K | -101.00K | ||
| Other Financing Activities | -8.59M | -8.59M | -1.31M | -52.00K | ||
| Financing Cash Flow | 5.62M | 77.76M | -1.50M | 228.00K | 2.88M | 565.69M |
| Net Cash Flow | -21.93M | 61.71M | -45.86M | -28.18M | -260.01M | 366.63M |
| Free Cash Flow | -27.55M | -16.05M | -44.40M | -104.60M | -187.42M | -197.06M |
| Free Cash Flow Margin | -22.35% | -16.44% | -54.11% | -158.73% | -255.37% | -314.98% |
| Free Cash Flow Per Share | -0.11 | -0.07 | -0.21 | -0.51 | -0.91 | -1.13 |
| Levered Free Cash Flow | -7.02M | 12.72M | -19.39M | -34.01M | -115.18M | -143.32M |
| Unlevered Free Cash Flow | -6.25M | 13.65M | -18.60M | -34.01M | -115.18M | -142.91M |
| Cash Interest Paid | 810.00K | 810.00K | 190.00K | |||
| Change in Working Capital | -4.30M | 15.23M | -4.82M | -20.13M | -29.40M | -51.05M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.71B | 959.89M | 664.75M | 223.69M | 493.39M | 1.32B |
| Enterprise Value | 1.61B | 836.69M | 594.40M | 99.02M | 257.52M | 851.22M |
| Last Close Price | 6.39 | 3.80 | 3.12 | 1.08 | 2.46 | 6.69 |
| PS Ratio | 13.87 | 9.83 | 8.10 | 3.39 | 6.72 | 21.09 |
| PB Ratio | 9.26 | 4.90 | 3.94 | 1.02 | 1.52 | 2.95 |
| P/TBV Ratio | 9.60 | 5.20 | 4.30 | 1.11 | 1.57 | 2.95 |
| EV/Sales Ratio | 13.02 | 8.57 | 7.24 | 1.50 | 3.51 | 13.61 |
| Debt / Equity Ratio | 0.10 | 0.10 | 0.14 | 0.11 | 0.10 | 0.07 |
| Net Debt / Equity Ratio | -0.56 | -0.66 | -0.39 | -0.50 | -0.63 | -0.88 |
| Net Debt / EBITDA Ratio | 2.50 | 2.40 | 1.00 | 0.88 | 1.12 | 2.22 |
| Net Debt / FCF Ratio | 3.77 | 8.11 | 1.49 | 1.05 | 1.10 | 2.00 |
| Asset Turnover | 0.43 | 0.35 | 0.29 | 0.18 | 0.15 | 0.17 |
| Inventory Turnover | 0.60 | 0.52 | 0.46 | 0.74 | 0.70 | 1.02 |
| Quick Ratio | 2.55 | 2.72 | 2.27 | 3.34 | 4.92 | 8.72 |
| Current Ratio | 3.58 | 3.83 | 4.00 | 5.22 | 6.96 | 10.27 |
| Return on Equity (ROE) | -27.65% | -42.25% | -37.28% | -49.03% | -43.65% | -14.51% |
| Return on Assets (ROA) | -9.62% | -13.17% | -15.69% | -22.07% | -23.46% | -31.07% |
| Return on Capital Employed (ROCE) | -20.20% | -25.20% | -33.80% | -49.00% | -50.70% | -34.20% |
| Earnings Yield | -3.24% | -8.03% | -10.90% | -59.77% | -34.20% | -2.46% |
| FCF Yield | -1.61% | -1.67% | -6.68% | -46.76% | -37.98% | -14.93% |
| Buyback Yield / Dilution | -9.39% | -16.74% | -3.07% | -18.17% | -2,769.78% |