Butterfly Network, Inc. (BFLY) Financial Statements
Industry: X-Ray Apparatus & Tubes & Related Irradiation Apparatus
In fiscal 2025, Butterfly Network reported revenue of $97.6M, up 19.0% from $82.1M the year before. Net income was -$77.1M (a -79.0% net margin), or -$0.31 per diluted share. Gross margin was 46.9% and operating margin was -88.5%. Operating activities generated -$12.7M of cash, leaving -$16.0M of free cash flow. At fiscal year end, Butterfly Network held $296.5M in total assets against $100.6M in total liabilities, including $150.5M of cash and equivalents.
Open the full interactive Butterfly Network financials → Quarterly statements, key ratios, valuation history and price charts.
Butterfly Network Key Stats
| Share Price | $8.10 |
|---|---|
| Market Cap | $2.12B |
| Revenue YoY Growth | +19.0% |
| 52-Week Range | $1.97 – $9.93 |
| Shares Outstanding | 262.1 million (basic, 2026 Q2) |
Butterfly Network Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $62.6M | $73.4M | $65.9M | $82.1M | $97.6M |
| Cost of Goods Sold | — | — | — | — | $51.9M |
| Gross Profit | $17.1M | $39.5M | $16.9M | $48.8M | $45.7M |
| Operating Income | -$192.7M | -$193.0M | -$145.6M | -$74.4M | -$86.4M |
| Pre-Tax Income | -$32.3M | -$168.7M | -$133.6M | -$72.5M | -$77.0M |
| Income Tax | $121,000 | $42,000 | $82,000 | -$32,000 | $110,000 |
| Net Income | -$32.4M | -$168.7M | -$133.7M | -$72.5M | -$77.1M |
| Diluted EPS | -$0.19 | -$0.84 | -$0.65 | -$0.34 | -$0.31 |
Butterfly Network Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $21.5M | $31.5M | $26.5M | $32.6M |
| Net Income | -$34.0M | -$15.3M | -$12.7M | -$12.9M |
| Diluted EPS | -$0.13 | -$0.06 | -$0.05 | -$0.05 |
Butterfly Network Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $422.8M | $162.6M | $134.4M | $88.8M | $150.5M |
| Current Assets | $511.9M | $357.1M | $231.3M | $192.6M | $249.1M |
| Total Assets | $572.0M | $417.6M | $304.3M | $256.1M | $296.5M |
| Current Liabilities | $49.8M | $51.3M | $44.3M | $48.2M | $65.1M |
| Total Liabilities | $124.3M | $92.2M | $84.2M | $87.2M | $100.6M |
| Shareholders' Equity | $447.7M | $325.4M | $220.1M | $168.8M | $196.0M |
Butterfly Network Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$189.2M | -$169.1M | -$98.8M | -$41.7M | -$12.7M |
| Cash From Investing | -$9.9M | -$93.8M | $70.4M | -$2.7M | -$3.3M |
| Cash From Financing | $565.7M | $2.9M | $228,000 | -$1.5M | $77.8M |
| Free Cash Flow | -$197.1M | -$187.4M | -$104.6M | -$44.4M | -$16.0M |
Figures from Butterfly Network's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Butterfly Network financials page for every line item.
Butterfly Network Company Profile
| Ticker | BFLY |
|---|---|
| Exchange | NYSE |
| Industry | X-Ray Apparatus & Tubes & Related Irradiation Apparatus |
| Headquarters | Burlington, Massachusetts |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001804176 |
Frequently Asked Questions
What was Butterfly Network's revenue in fiscal 2025?
Butterfly Network (BFLY) reported revenue of $97.6M for fiscal 2025.
What is Butterfly Network's annual revenue history?
Butterfly Network's annual revenue by fiscal year: 2021: $62.6M; 2022: $73.4M; 2023: $65.9M; 2024: $82.1M; 2025: $97.6M.
What was Butterfly Network's net income in fiscal 2025?
Butterfly Network reported net income of -$77.1M for fiscal 2025.
What was Butterfly Network's earnings per share (EPS) in fiscal 2025?
Butterfly Network's diluted EPS was -$0.31 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Butterfly Network generate in fiscal 2025?
Butterfly Network generated -$16.0M of free cash flow in fiscal 2025.
What was Butterfly Network's revenue last quarter?
In its most recent reported quarter (2026 Q2), Butterfly Network reported revenue of $32.6M.
How many shares of Butterfly Network are outstanding?
Butterfly Network reported a weighted average of 262.1 million basic shares outstanding in 2026 Q2.
What is Butterfly Network's market cap?
Based on its latest closing price, Butterfly Network (BFLY) has a market capitalization of about $2.12B.
When does Butterfly Network's fiscal year end?
Butterfly Network's fiscal year end, as registered with the SEC, is December 31.
Where is Butterfly Network headquartered?
Butterfly Network lists its business address in Burlington, Massachusetts in its SEC filings.