SequelSEC

Butterfly Network, Inc. BFLY

X-Ray Apparatus & Tubes & Related Irradiation Apparatus · CIK 0001804176 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$32.60M
Fiscal year ended 2026-09-30
Operating income
-$13.58M
Fiscal year ended 2026-09-30
Free cash flow
-$3.41M
Fiscal year ended 2026-09-30

Valuation, from the filing

Public float$383.80MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float / revenue3.9×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity2.0×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Butterfly Network, Inc. (BFLY) reported revenue of $32.60M and net income of -$12.81M for the fiscal year ended 2026-09-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Butterfly Network, Inc.’s SEC filings, each linked to the filing it came from.

Income

Butterfly Network, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-302026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Revenue$32.60M$32.61M$26.53M$31.51M$21.49M$23.38M$21.22M$22.35M$20.56M$21.49M
Cost of revenue$8.80M$9.32M$8.24M$10.29M$25.25M$8.49M$7.84M$8.62M$8.33M$8.90M
Gross profit$23.80M$23.29M$18.28M$21.22M-$3.76M$14.89M$13.38M$13.74M$12.23M$12.59M
Operating income-$13.58M-$13.66M-$13.87M-$16.71M-$35.13M-$16.10M-$18.47M-$17.31M-$17.25M-$17.23M
Net income-$12.81M-$12.91M-$12.68M-$15.29M-$33.97M-$13.83M-$13.97M-$18.10M-$16.92M-$15.71M
Research & development$10.17M$10.54M$9.54M$9.32M$8.70M$8.32M$9.92M$8.82M$8.84M$9.41M
Weighted-average diluted sharesshares 266.50Mshares 262.10Mshares 256.52MUnavailableshares 252.09Mshares 248.39Mshares 234.92MUnavailableshares 212.77Mshares 211.66M
Pretax income-$12.81M-$12.91M-$12.68M-$15.22M-$33.96M-$13.81M-$13.96M-$18.21M-$16.87M-$15.69M
Income tax expense$0$0$0$67.00K$16.00K$20.00K$7.00K-$110.00K$58.00K$17.00K
Diluted EPS$-0.05$-0.05$-0.05Unavailable$-0.13$-0.06$-0.06Unavailable$-0.08$-0.07
Selling, general & administrative$23.16M$22.82M$22.24M$23.29M$19.92M$20.69M$21.22M$21.80M$18.96M$19.80M
General & administrative$11.56M$11.36M$10.82M$11.22M$9.29M$9.13M$9.60M$9.94M$9.35M$10.07M
Selling & marketing$11.60M$11.47M$11.42M$12.07M$10.63M$11.56M$11.62M$11.85M$9.61M$9.73M

Balance

Butterfly Network, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-302026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash & equivalents$122.30M$124.66M$137.95M$150.49M$144.23M$148.14M$155.21M$88.78M$93.76M$102.05M
Total assets$287.98M$283.00M$285.92M$296.53M$290.00M$313.28M$318.41M$256.08M$265.27M$273.07M
Current assets$243.67M$237.95M$239.79M$249.10M$241.39M$253.75M$257.38M$192.61M$199.49M$204.48M
Total liabilities$103.53M$93.60M$94.70M$100.55M$86.17M$80.47M$78.72M$87.25M$83.44M$78.79M
Current liabilities$67.99M$58.60M$59.58M$65.12M$50.33M$44.67M$42.48M$48.22M$42.79M$40.78M
Total equity incl. NCI$184.44M$189.40M$191.22M$195.98M$203.83M$232.81M$239.70M$168.83M$181.83M$194.28M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$59.58M$58.56M$59.30M$61.39M$62.23M$68.91M$69.31M$70.79M$73.27M$74.18M
Accounts receivable$37.38M$34.55M$25.21M$26.74M$24.42M$24.53M$19.88M$20.79M$20.62M$16.11M
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payable$5.66M$3.52M$2.82M$5.44M$3.31M$3.32M$2.28M$4.25M$3.65M$4.51M

Cash flow

Butterfly Network, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-302026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Operating cash flow-$2.27M-$16.27M-$13.89M$9.03M-$2.89M-$7.17M-$11.68M-$3.12M-$7.92M-$10.00M
Capital expenditures$1.14M$974.00K$950.00K$1.08M$1.02M$896.00K$353.00K$408.00K$414.00K$734.00K
Investing cash flow-$1.14M-$974.00K-$950.00K-$1.08M-$1.02M-$896.00K-$353.00K-$408.00K-$413.00K-$699.00K
Financing cash flow$1.05M$3.95M$2.31M-$1.69M$0$987.00K$78.47M-$1.50M$0$0
Net change in cash-$2.36M-$13.30M-$12.54M$6.26M-$3.90M-$7.08M$66.44M-$5.02M-$8.33M-$10.70M
Stock-based compensation$6.73M$7.04M$5.54M$6.36M$4.93M$5.86M$6.28M$5.24M$4.41M$5.86M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Derived

Butterfly Network, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-302026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Free cash flow-$3.41M-$17.24M-$14.84M$7.95M-$3.90M-$8.06M-$12.03M-$3.53M-$8.33M-$10.73M
Gross margin73.0%71.4%68.9%67.3%-17.5%63.7%63.0%61.5%59.5%58.6%
Operating margin-41.7%-41.9%-52.3%-53.0%-163.5%-68.9%-87.0%-77.5%-83.9%-80.2%
FCF margin-10.5%-52.9%-56.0%25.2%-18.2%-34.5%-56.7%-15.8%-40.5%-50.0%
SBC / revenue20.7%21.6%20.9%20.2%22.9%25.1%29.6%23.4%21.5%27.3%
Current ratio3.58x4.06x4.02x3.83x4.80x5.68x6.06x3.99x4.66x5.01x
Revenue YoY growth51.7%39.5%25.0%41.0%4.5%8.8%20.2%35.3%33.3%16.2%
Net margin-39.3%-39.6%-47.8%-48.5%-158.1%-59.2%-65.8%-81.0%-82.3%-73.1%
R&D / revenue31.2%32.3%36.0%29.6%40.5%35.6%46.8%39.5%43.0%43.8%
CapEx / revenue3.5%3.0%3.6%3.4%4.7%3.8%1.7%1.8%2.0%3.4%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BFLY in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-10-29View SEC filing
10-Q · Filed 2026-07-30View SEC filing
10-Q · Filed 2026-04-30View SEC filing
10-K · Filed 2026-02-27View SEC filing
10-Q · Filed 2025-10-31View SEC filing
10-Q · Filed 2025-08-01View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.