Butterfly Network, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:27:48Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -16.05M | -44.40M | -104.60M | -187.42M | -197.06M | -84.08M |
| EBITDA | -79.72M | -65.51M | -136.91M | -187.12M | -190.63M | -160.30M |
| Working Capital | 183.99M | 144.40M | 186.99M | 305.81M | 462.07M | 27.64M |
| Net Debt | -130.09M | -65.94M | -109.41M | -130.67M | -393.76M | -10.68M |
| Gross Margin | 46.85% | 59.51% | 25.58% | 53.77% | 27.26% | -132.37% |
| Operating Margin | -88.53% | -90.68% | -220.96% | -263.01% | -308.04% | -349.43% |
| Net Margin | -78.95% | -88.34% | -202.88% | -229.90% | -51.80% | -351.87% |
| Return on Equity (ROE) | -39.32% | -42.94% | -60.76% | -51.86% | -7.24% | 44.97% |
| Return on Assets (ROA) | -25.99% | -28.31% | -43.94% | -40.41% | -5.67% | -110.57% |
| Current Ratio | 3.83× | 3.99× | 5.22× | 6.96× | 10.27× | 1.40× |
| Debt-to-Equity | 0.10× | 0.14× | 0.11× | 0.10× | 0.07× | -0.14× |
| Effective Tax Rate | -0.14% | 0.04% | -0.06% | -0.02% | -0.37% | -0.02% |
| Cash Conversion Ratio | 0.16× | 0.58× | 0.74× | 1.00× | 5.84× | 0.50× |
| Accruals Ratio | -0.22× | -0.12× | -0.11× | 0.00× | 0.27× | -0.55× |
| SBC % of Revenue | 24.01% | 25.63% | 41.70% | 57.95% | 76.40% | 23.79% |
| CapEx Coverage | -3.79× | -15.48× | -17.09× | -9.24× | -24.02× | -34.39× |
| Free Cash Flow Per Share | $-0.06 | $-0.21 | $-0.51 | $-0.94 | $-1.13 | $-13.88 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 97.61M | 82.06M | 65.90M | 73.39M | 62.56M | 46.25M |
| Cost of Goods and Services Sold | 51.88M | 33.23M | 49.04M | — | — | — |
| Cost of Revenue | — | 33.23M | 49.04M | 33.93M | 45.51M | 107.47M |
| Gross Profit | 45.73M | 48.83M | 16.86M | 39.46M | 17.05M | -61.22M |
| Research and Development Expense | 36.26M | 37.80M | 55.62M | 88.04M | 74.46M | 49.74M |
| Operating Expenses | 132.15M | 123.24M | 162.47M | 232.48M | 209.78M | 100.40M |
| Operating Income (Loss) | -86.42M | -74.41M | -145.61M | -193.02M | -192.73M | -161.62M |
| Income Tax Expense (Benefit) | 110.00K | -32.00K | 82.00K | 42.00K | 121.00K | 39.00K |
| Net Income (Loss) Attributable to Parent | -77.06M | -72.49M | -133.70M | -168.72M | -32.41M | -162.75M |
| Earnings Per Share, Basic | $-0.31 | $-0.34 | $-0.65 | $-0.84 | $-0.19 | $-26.87 |
| Weighted Average Number of Shares Outstanding, Basic | 247.12M | 211.68M | 205.39M | 199.85M | 173.81M | 6.06M |
| Earnings Per Share, Diluted | $-0.31 | $-0.34 | $-0.65 | $-0.84 | $-0.19 | $-26.87 |
| Weighted Average Number of Shares Outstanding, Diluted | 247.12M | 211.68M | 205.39M | 199.85M | 173.81M | 6.06M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 150.49M | 88.78M | 134.44M | 162.56M | 422.84M | 60.21M |
| Assets, Current | 249.10M | 192.61M | 231.26M | 357.14M | 511.90M | 97.33M |
| Assets | 296.53M | 256.08M | 304.27M | 417.57M | 571.97M | 147.19M |
| Liabilities, Current | 65.12M | 48.22M | 44.27M | 51.33M | 49.83M | 69.69M |
| Liabilities | 100.55M | 87.25M | 84.22M | 92.21M | 124.27M | 148.19M |
| Stockholders' Equity Attributable to Parent | 195.98M | 168.83M | 220.05M | 325.36M | 447.69M | -361.93M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -12.70M | -41.71M | -98.82M | -169.12M | -189.19M | -81.70M |
| Payments to Acquire Property, Plant, and Equipment | 3.35M | 2.69M | 5.78M | 18.30M | 7.88M | 2.38M |
| Net Cash Provided by (Used in) Investing Activities | -3.35M | -2.66M | 70.41M | -93.78M | -9.87M | -2.38M |
| Net Cash Provided by (Used in) Financing Activities | 77.76M | -1.50M | 228.00K | 2.88M | 565.69M | 54.28M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -14.84M | 7.95M | -24.00M | -20.09M | -12.03M | -3.53M |
| Working Capital | 180.21M | 183.99M | 191.06M | 209.08M | 214.91M | 144.40M |
| Net Debt | -118.20M | -130.09M | -123.20M | -126.48M | -132.96M | -65.94M |
| Gross Margin | 68.92% | 67.34% | -17.48% | 63.68% | 63.04% | 61.45% |
| Operating Margin | -52.29% | -53.03% | -163.50% | -68.85% | -87.01% | -77.46% |
| Net Margin | -47.78% | -48.52% | -158.09% | -59.16% | -65.80% | -80.99% |
| Return on Equity (ROE) | -6.63% | -7.80% | -16.67% | -5.94% | -5.83% | -10.72% |
| Return on Assets (ROA) | -4.43% | -5.16% | -11.71% | -4.42% | -4.39% | -7.07% |
| Current Ratio | 4.02× | 3.83× | 4.80× | 5.68× | 6.06× | 3.99× |
| Debt-to-Equity | 0.10× | 0.10× | 0.10× | 0.09× | 0.09× | 0.14× |
| Effective Tax Rate | 0.00% | -0.44% | -0.05% | -0.14% | -0.05% | 0.60% |
| Cash Conversion Ratio | 1.10× | -0.59× | 0.64× | 1.36× | 0.84× | 0.17× |
| Accruals Ratio | 0.00× | -0.08× | -0.04× | 0.02× | -0.01× | -0.06× |
| SBC % of Revenue | 20.89% | 20.18% | 79.45% | 51.95% | 29.61% | 23.44% |
| CapEx Coverage | -14.63× | 8.34× | -9.59× | -15.09× | -33.08× | -7.65× |
| Free Cash Flow Per Share | $-0.06 | $0.03 | $-0.10 | $-0.08 | $-0.05 | $-0.02 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 26.53M | 31.51M | 21.49M | 23.38M | 21.23M | 22.35M |
| Cost of Goods and Services Sold | 8.24M | 10.29M | 25.25M | 8.49M | 7.84M | 8.62M |
| Cost of Revenue | — | — | — | — | — | 8.62M |
| Gross Profit | 18.29M | 21.22M | -3.76M | 14.89M | 13.38M | 13.73M |
| Research and Development Expense | 9.54M | 9.32M | 8.70M | 8.31M | 9.92M | 8.82M |
| Operating Expenses | 32.16M | 37.93M | 31.38M | 30.99M | 31.85M | 31.05M |
| Operating Income (Loss) | -13.87M | -16.71M | -35.13M | -16.10M | -18.47M | -17.31M |
| Income Tax Expense (Benefit) | 0 | 67.00K | 16.00K | 20.00K | 7.00K | -110.00K |
| Net Income (Loss) Attributable to Parent | -12.68M | -15.29M | -33.97M | -13.83M | -13.97M | -18.10M |
| Earnings Per Share, Basic | $-0.05 | $-0.06 | $-0.13 | $-0.06 | $-0.06 | $-0.08 |
| Weighted Average Number of Shares Outstanding, Basic | 256.52M | 247.12M | 252.09M | 248.39M | 234.92M | 211.68M |
| Earnings Per Share, Diluted | $-0.05 | $-0.06 | $-0.13 | $-0.06 | $-0.06 | $-0.08 |
| Weighted Average Number of Shares Outstanding, Diluted | 256.52M | 247.12M | 252.09M | 248.39M | 234.92M | 211.68M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 137.95M | 150.49M | 144.23M | 148.14M | 155.21M | 88.78M |
| Assets, Current | 239.79M | 249.10M | 241.39M | 253.75M | 257.38M | 192.61M |
| Assets | 285.92M | 296.53M | 290.00M | 313.28M | 318.41M | 256.08M |
| Liabilities, Current | 59.58M | 65.12M | 50.33M | 44.67M | 42.48M | 48.22M |
| Liabilities | 94.70M | 100.55M | 86.17M | 80.47M | 78.72M | 87.25M |
| Stockholders' Equity Attributable to Parent | 191.22M | 195.98M | 203.83M | 232.81M | 239.70M | 168.83M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -13.89M | 9.03M | -21.73M | -18.84M | -11.68M | -3.12M |
| Payments to Acquire Property, Plant, and Equipment | 950.00K | 1.08M | 2.27M | 1.25M | 353.00K | 408.00K |
| Net Cash Provided by (Used in) Investing Activities | -950.00K | -1.08M | -2.27M | -1.25M | -353.00K | -408.00K |
| Net Cash Provided by (Used in) Financing Activities | 2.31M | -1.69M | 79.45M | 79.45M | 78.47M | -1.50M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (BFLY CIK 0001804176),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
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description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.