Butterfly Network, Inc.
BFLY
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Butterfly Network is positioned in the rapidly growing medical devices sector, focusing on innovative ultrasound technology that enhances diagnostic capabilities.
- In the latest quarter, revenue increased by 23% compared to the prior quarter, reaching $33 million.
- The gross margin improved to 71.4%, up from 68.9% in the previous quarter.
- Despite its innovative approach, Butterfly Network faces significant challenges with high operating losses and negative profit margins.
- The operating margin for the latest quarter was -41.9%, indicating ongoing struggles to achieve profitability.
- The company reported a net income loss of $12.91 million for the most recent quarter.
Fundamentals
| Market cap | $2.14B | Enterprise value | $2.03B | Trailing P/E | — | Forward P/E | -141.70 |
| PEG | — | Price / book | 11.22 | Beta | 2.04 | Dividend yield | 0.00% |
| Revenue growth | 39.5% | Earnings growth | — | Gross margin | 68.2% | Operating margin | -30.9% |
| Profit margin | -66.7% | ROE | -35.5% | ROA | -10.5% | Debt / equity | 0.10 |
| Current ratio | 4.06 | Free cash flow | $925,625 | Analyst recommendation | strong_buy | Mean target | $11.40 |
| 52w high | $10.21 | 52w low | $1.90 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $32.6M | $26.5M | $31.5M | $21.5M | $23.4M | — |
| Op margin | -41.9% | -52.3% | -53.0% | -163.5% | -68.9% | — |
| Net income | -$12.9M | -$12.7M | -$15.3M | -$34.0M | -$13.8M | — |
| Gross margin | 71.4% | 68.9% | 67.3% | -17.5% | 63.7% | — |
| Gross profit | $23.3M | $18.3M | $21.2M | -$3.8M | $14.9M | — |
| Operating income | -$13.7M | -$13.9M | -$16.7M | -$35.1M | -$16.1M | — |
- Revenue +23% vs prior quarter ($33M vs $27M).
- Gross margin 71.4% (was 68.9% prior quarter).
- Operating margin expanded to -41.9%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $97.6M | $82.1M | $65.9M | $73.4M |
| Op margin | -88.5% | -90.7% | -221.0% | -263.0% |
| Net income | -$77.1M | -$72.5M | -$134M | -$169M |
| Gross margin | 46.9% | 59.5% | 25.6% | 53.8% |
| Gross profit | $45.7M | $48.8M | $16.9M | $39.5M |
| Operating income | -$86.4M | -$74.4M | -$146M | -$193M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · Butterfly Network to Report Third Quarter 2026 Financial Results on October 29, 2026
2026-10-08 · Butterfly Network (BFLY) Bridge Neurotech Deal Puts Valuation Back In Focus
2026-10-06 · Bridge Neurotech and Butterfly Network Announce Partnership to Develop Fully Non-Invasive Brain-Computer Interface
2026-10-05 · Butterfly Network Appoints Mike Noonen to Board of Directors
2026-10-01 · Mendaera’s Focalist™ System Now Compatible with Butterfly’s Ultrasound-on-Chip™ Technology
2026-09-23 · Top 3 AI Healthcare Stocks With Revenue Growth Up To 24%
2026-09-23 · Butterfly Network (BFLY) Surges 22.0%: Is This an Indication of Further Gains?
2026-09-22 · Butterfly Network (BFLY) Gets New ‘Buy’ Reco, Climbs 22%; Hedge Fund Holdings More-Than-Double
2026-09-22 · Butterfly Network Shares Rise After Needham Initiates Coverage at Buy
2026-09-22 · Needham Initiates Butterfly Network at Buy With $10 Price Target
2026-09-15 · Executive Waves Goodbye to Nearly 14,000 Shares, Valued at More Than $100,000
2026-09-14 · Zacks Industry Outlook Medical Systems, American Well and Butterfly Network
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