Zacks Investment Research·5 days ago
BFLY's Embedded Partner Unveils Breakthrough in Brain Imaging TechButterfly Network's partner Aleph Neuro showcases non-invasive 3D brain imaging, highlighting the reach of its Ultrasound-on-Chip platform.
Butterfly Network, Inc.(BFLY)Earnings, Financials & Key Ratios
BFLY•NYSE
$7.58
Price updated Jul 7, 2026
AboutButterfly Network, Inc., a digital health company, develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smartphone, tablet, and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates into a healthcare system's clinical and administrative infrastructure. The company also provides Butterfly system, which includes probes, and related accessories and software subscriptions, to healthcare systems, physicians, and healthcare providers through a direct sales force, distributors, and eCommerce channel. In addition, it offers cloud-based software solutions to healthcare systems, teleguidance, in-app educational tutorials, and formal education programs through its Butterfly Academy software, as well as clinical support and services. Butterfly Network, Inc. was incorporated in 2011 and is headquartered in Guilford, Connecticut.Show more
- Revenue$98M+19.0%
- EBITDA-$78M-22.3%
- Net Income-$77M-6.3%
- EPS (Diluted)-0.31+8.8%
- Gross Margin46.85%-21.3%
- EBITDA Margin-80.25%-2.8%
- Operating Margin-88.53%+2.4%
- Net Margin-78.95%+10.6%
- ROE-42.25%-13.3%
BFLY Price & Volume
Butterfly Network, Inc. (BFLY) stock price & volume — 10-year historical chart
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Persistent Operating Losses Mask Volatile Revenue Growth
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:High operating cash burn
Key Thesis Takeaways
- Butterfly Network faces a challenging path to profitability as its proprietary semiconductor-based ultrasound technology struggles to achieve consistent operating leverage, evidenced by persistent quarterly losses and high SG&A expenses.
- While the company maintains a conservative debt-to-equity ratio of 0.09, the ongoing erosion of its equity base and reliance on stock-based compensation suggest significant structural risks.
- Investors should monitor the company's ability to stabilize its volatile revenue growth, which fluctuated from 41.0% in 2025Q4 to 25.0% in 2026Q1, before considering a long-term position.
Verdict Logic
the company continues to exhibit high cash burn with a negative $14.8M free cash flow in 2026Q1, indicating that current operational efficiency is insufficient to support long-term viability.
BFLY Growth Metrics
Butterfly Network, Inc. (BFLY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years16.11%
3 Years9.97%
TTM20.2%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-17.12%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM0.77%
Return on Capital
10 Years-55.22%
5 Years-45.08%
3 Years-39.22%
Last Year-39.34%
BFLY Recent Earnings
Butterfly Network, Inc. (BFLY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$0.03+25.0%
$0.04
Rev
$27M+1.7%
$26M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.02+50.0%
$0.04
Rev
$32M+21.6%
$26M
Q4 2025
Oct 31, 2025Metric
Actual
Est
EPS
$0.13-85.7%
$0.07
Rev
$21M-18.1%
$26M
Q3 2025
Aug 1, 2025Metric
Actual
Est
EPS
$0.06+14.3%
$0.07
Rev
$23M+0.8%
$23M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.03vs $0.04+25.0% | $27Mvs $26M+1.7% |
| Q1 2026 | Feb 26, 2026 | $0.02vs $0.04+50.0% | $32Mvs $26M+21.6% |
| Q4 2025 | Oct 31, 2025 | $0.13vs $0.07-85.7% | $21Mvs $26M-18.1% |
| Q3 2025 | Aug 1, 2025 | $0.06vs $0.07+14.3% | $23Mvs $23M+0.8% |
Based on last 12 quarters of dataView full earnings history →
Latest BFLY News
Recent stock market news and headlines for Butterfly Network, Inc. (BFLY)
Business Wire·6 days ago
Butterfly Network Expands its Handheld Ultrasound Availability into BrazilBURLINGTON, Mass.--(BUSINESS WIRE)---- $BFLY #POCUS--Butterfly Network, Inc. (“Butterfly”) (NYSE: BFLY), a pioneer and leader in semiconductor-based ultrasound devices, programmable cloud software and AI, today announced the commercial availability of its Butterfly iQ+ and iQ3 handheld ultrasound devices and mobile application in Brazil through a network of authorized distribution partners. Brazil is the largest medical device market in Latin America and one of the fastest-growing ultrasound markets globally,1,.
Benzinga·Jun 28, 2026
Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About YetEach week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
Zacks Investment Research·Jun 26, 2026
Are Medical Stocks Lagging Butterfly Network (BFLY) This Year?Here is how Butterfly Network, Inc. (BFLY) and American Well Corporation (AMWL) have performed compared to their sector so far this year.
Business Wire·Jun 25, 2026
Butterfly Network's Embedded™ Partner Aleph Neuro Unveils Stunning Brain ImagesBURLINGTON, Mass. & NEW YORK--(BUSINESS WIRE)---- $BFLY #BCI--Butterfly Network, Inc. ("Butterfly") (NYSE: BFLY), a pioneer and leader in semiconductor-based ultrasound devices, programmable cloud software and AI, today responded to Aleph Neuro (Aleph)'s public launch and announcement of what it describes as a breakthrough in non-invasive brain imaging using ultrasound. Aleph is a participant in the Butterfly Embedded™ licensing and co-development program powering a new wave of ultrasound-enabled technologies.
Peers Comparison
Key metrics vs top competitors for Butterfly Network, Inc. (BFLY)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $7.58 | $1.98B | -24.45 | 18.96% | -78.95% | -42.25% | — | |
| $14.10 | $1.7B | -27.65 | -4.93% | -2.82% | -10.43% | — | |
| $22.25 | $1.64B | 6.74 | 18.52% | 118.91% | 47.59% | — | |
| $7.41 | $92.58M | -29.64 | 14.52% | -9.05% | -70.95% | — | |
| $104.91 | $20.02B | -95.37 | 17.69% | -6.4% | -8.66% | — | |
| $21.03 | $1.2B | -12.23 | 37.22% | -31.82% | -27.7% | — |
Compare BFLY vs Peers
Butterfly Network, Inc. (BFLY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BFLY SEC Filings & Documents
Butterfly Network, Inc. (BFLY) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 30, 2026·SEC
Material company update
Feb 26, 2026·SEC
Material company update
Jan 14, 2026·SEC
10-K Annual Reports
410-Q Quarterly Reports
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BFLY Frequently Asked Questions
Butterfly Network, Inc. (BFLY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Butterfly Network, Inc.'s revenue?
Butterfly Network, Inc. (BFLY) reported $102.9M in revenue for fiscal year 2025. This represents a 6644% increase from $1.5M in 2018.
How fast is Butterfly Network, Inc. growing?
Butterfly Network, Inc. (BFLY) grew revenue by 19.0% over the past year. This is strong growth.
Is BFLY profitable?
Butterfly Network, Inc. (BFLY) reported a net loss of $75.8M for fiscal year 2025.
Dividend & Returns
What is BFLY's return on equity?
Butterfly Network, Inc. (BFLY) has a return on equity (ROE) of -42.2%. Negative ROE indicates the company is unprofitable.
What is Butterfly Network, Inc.'s free cash flow?
Butterfly Network, Inc. (BFLY) had negative free cash flow of $18.9M in fiscal year 2025, likely due to heavy capital investments.