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BFLY (Butterfly Network, Inc.) Stock Financials & Earnings | Market Cap Arena
BFLY
Butterfly Network, Inc.
Mkt Cap
$954M
Healthcare
·
Medical - Devices
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$98M
Net Income (TTM)
-$77M
EPS (TTM)
-$0.31
Free Cash Flow (TTM)
-$16M
Gross Margin
46.9%
Op. Margin
-88.5%
Net Margin
-79.0%
FCF Margin
-16.4%
P/S Ratio (TTM)
9.8x
P/E Ratio (TTM)
—
YoY Rev Growth
+19.0%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$15M
$9M
-$35M
Q2 23
$18M
$11M
-$31M
Q3 23
$15M
$9M
-$33M
Q4 23
$17M
-$13M
-$47M
Q1 24
$18M
$10M
-$23M
Q2 24
$21M
$13M
-$17M
Q3 24
$21M
$12M
-$17M
Q4 24
$22M
$14M
-$17M
Q1 25
$21M
$13M
-$18M
Q2 25
$23M
$15M
-$16M
Q3 25
$21M
-$4M
-$32M
Q4 25
$32M
$21M
-$19M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
13.0x
—
Q2 23
13.1x
—
Q3 23
13.9x
—
Q4 23
14.5x
—
Q1 24
14.0x
—
Q2 24
13.4x
—
Q3 24
12.5x
—
Q4 24
11.6x
—
Q1 25
11.1x
—
Q2 25
10.9x
—
Q3 25
10.8x
—
Q4 25
9.8x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$43M
-$45M
Q2 23
-$26M
-$27M
Q3 23
-$16M
-$17M
Q4 23
-$13M
-$16M
Q1 24
-$21M
-$22M
Q2 24
-$10M
-$11M
Q3 24
-$8M
-$8M
Q4 24
-$3M
-$4M
Q1 25
-$12M
-$12M
Q2 25
-$7M
-$8M
Q3 25
-$3M
-$4M
Q4 25
$9M
$8M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$1M
Q2 23
$881K
Q3 23
$1M
Q4 23
$3M
Q1 24
$1M
Q2 24
$734K
Q3 24
$414K
Q4 24
$408K
Q1 25
$353K
Q2 25
$896K
Q3 25
$1M
Q4 25
$1M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-0.6%
-22.4%
Q2 23
-3.8%
-26.5%
Q3 23
-21.4%
-26.9%
Q4 23
-13.0%
-7.0%
Q1 24
+14.1%
-20.3%
Q2 24
+16.2%
-22.2%
Q3 24
+33.3%
-21.2%
Q4 24
+35.3%
-37.3%
Q1 25
+20.2%
-1.4%
Q2 25
+8.8%
+2.0%
Q3 25
+4.5%
+42.5%
Q4 25
+41.0%
+28.5%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$4M
27.0%
Q2 23
$10M
53.7%
Q3 23
$7M
44.2%
Q4 23
$7M
39.7%
Q1 24
$6M
31.3%
Q2 24
$6M
27.3%
Q3 24
$4M
21.5%
Q4 24
$5M
23.4%
Q1 25
$6M
29.6%
Q2 25
$6M
25.1%
Q3 25
$5M
22.9%
Q4 25
$6M
20.2%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q1 23
$17M
$17M
$10M
Q2 23
$16M
$17M
$10M
Q3 23
$12M
$21M
$9M
Q4 23
$11M
$12M
$10M
Q1 24
$11M
$12M
$10M
Q2 24
$9M
$11M
$10M
Q3 24
$9M
$11M
$10M
Q4 24
$9M
$10M
$12M
Q1 25
$10M
$10M
$12M
Q2 25
$8M
$11M
$12M
Q3 25
$9M
$9M
$11M
Q4 25
$9M
$11M
$12M
marketcaparena.com
Revenue Segments
Product
Service, Other
Software And Other Services
Quarter
Product
Service, Other
Software And Other Services
Q1 23
$9M
$7M
—
Q2 23
$12M
$6M
—
Q3 23
$9M
$7M
—
Q1 24
$11M
$6M
—
Q2 24
$15M
$7M
—
Q3 24
$14M
$7M
—
Q4 24
$15M
$8M
—
Q1 25
$14M
—
$7M
Q2 25
$17M
—
$7M
Q3 25
$15M
—
$7M
Q4 25
$18M
—
$13M
marketcaparena.com
Revenue by Geography
International
United States
Non-US
Quarter
International
United States
Non-US
Q3 23
$3M
$12M
—
Q1 24
$4M
$14M
—
Q2 24
$4M
$17M
—
Q3 24
—
$15M
$5M
Q1 25
—
$17M
$4M
Q2 25
—
$18M
$6M
Q3 25
—
$16M
$5M
Q4 25
—
$27M
$5M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$194M
$0
$194M
Q2 23
$167M
$0
$167M
Q3 23
$150M
$0
$150M
Q4 23
$135M
$0
$135M
Q1 24
$113M
$0
$113M
Q2 24
$102M
$0
$102M
Q3 24
$94M
$0
$94M
Q4 24
$89M
$0
$89M
Q1 25
$155M
$0
$155M
Q2 25
$148M
$0
$148M
Q3 25
$144M
$0
$144M
Q4 25
$150M
$0
$150M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
203M
+0.9%
Q2 23
205M
+1.1%
Q3 23
207M
+0.9%
Q4 23
207M
+0.3%
Q1 24
209M
+0.8%
Q2 24
212M
+1.3%
Q3 24
213M
+0.5%
Q4 24
212M
-0.5%
Q1 25
235M
+11.0%
Q2 25
242M
+2.9%
Q3 25
252M
+4.3%
Q4 25
253M
+0.3%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 18
—
—
FY 19
—
—
FY 20
$178K
260
FY 21
$135K
463
FY 22
$222K
330
FY 23
$293K
225
FY 24
$432K
190
FY 25
$444K
220
marketcaparena.com