Butterfly Network, Inc. logo

Butterfly Network, Inc.

BFLY

NYSEHealthcareMedical - Devices

Previous close

$9.55

+$0.38 · +4.14%

Aug 21, 4:00 PM ET

BFLY company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

56

Fair Value

Momentum

71

Gaining

Sentiment

51

Mixed

Risk resilience

43

Elevated Risk

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Company profile

Company website

Butterfly Network, Inc. functions as a digital health enterprise, specializing in the invention, production, and global commercialization of cutting-edge ultrasound imaging technologies for both domestic and international markets. The company's innovative product portfolio includes the portable Butterfly iQ, a versatile single-probe system capable of whole-body ultrasound imaging, and the Butterfly iQ+, a point-of-care ultrasound device engineered to connect effortlessly with smartphones, tablets, and existing hospital computer networks. Additionally, Butterfly Blueprint is offered as a comprehensive, system-wide ultrasound platform that seamlessly integrates its proprietary Compass software into a healthcare provider's clinical and administrative infrastructure. These ultrasound systems, encompassing probes, related accessories, and software subscriptions, are supplied to healthcare systems, individual physicians, and other medical professionals through a multi-channel distribution strategy that includes a direct sales force, a network of distributors, and an e-commerce platform. Beyond its hardware, Butterfly Network provides a suite of cloud-based software solutions for healthcare organizations. These offerings feature teleguidance services, interactive in-app educational modules, and structured training programs delivered via its Butterfly Academy software, all complemented by dedicated clinical support and services. Established in 2011, Butterfly Network, Inc. has its corporate headquarters situated in Guilford, Connecticut.

Industry
Medical - Devices
Sector
Healthcare
Headquarters
US
CEO
Joseph DeVivo
Listed since
Jul 13, 2020
Employees
220

Market position

Day range

Current $9.55

52-week range

Current $9.55

Open
$9.30
Previous close
$9.17
Volume
5.71M
0.76× average
Average volume
7.47M
Average daily volume
Market cap
2.54B USD
Beta
2.08
Market reference 1
50-day average
$7.805
+22.36% above average
200-day average
$4.8568
+96.63% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
808.98M USD
P/E (TTM)
-33×
P/B (TTM)
13.22×
P/S (TTM)
22.68×
EV / EBITDA
-12.01×
Earnings yield
-8.21%
Free cash flow yield
-1.71%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
52.64%
Operating margin
-70.79%
Net margin
-66.74%
Return on equity
-39.32%
Return on assets
-25.99%
Return on invested capital
-36.91%

Financial health

Debt / equity
0.1×
Current ratio
3.83×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends96%-51%-198%-345%Gross margin, FY2021: 27.26%Gross margin, FY2022: 53.77%Gross margin, FY2023: 25.58%Gross margin, FY2024: 59.51%Gross margin, FY2025: 46.85%Operating margin, FY2021: -308.04%Operating margin, FY2022: -263.01%Operating margin, FY2023: -220.96%Operating margin, FY2024: -90.68%Operating margin, FY2025: -88.53%Net margin, FY2021: -51.80%Net margin, FY2022: -229.90%Net margin, FY2023: -202.88%Net margin, FY2024: -88.34%Net margin, FY2025: -78.95%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.26%. Gross margin FY2022 53.77%. Gross margin FY2023 25.58%. Gross margin FY2024 59.51%. Gross margin FY2025 46.85%. Operating margin FY2021 -308.04%. Operating margin FY2022 -263.01%. Operating margin FY2023 -220.96%. Operating margin FY2024 -90.68%. Operating margin FY2025 -88.53%. Net margin FY2021 -51.80%. Net margin FY2022 -229.90%. Net margin FY2023 -202.88%. Net margin FY2024 -88.34%. Net margin FY2025 -78.95%.

Income trends

Revenue

97.61M USD+18.96%

Operating income

−86.42M USD-16.13%

Net income

−77.06M USD-6.31%
Income trends across reported periods126.67M USD10.42M USD−105.83M USD−222.08M USDRevenue, FY2021: 62.57M USDRevenue, FY2022: 73.39M USDRevenue, FY2023: 65.9M USDRevenue, FY2024: 82.06M USDRevenue, FY2025: 97.61M USDOperating income, FY2021: −192.73M USDOperating income, FY2022: −193.02M USDOperating income, FY2023: −145.61M USDOperating income, FY2024: −74.41M USDOperating income, FY2025: −86.42M USDNet income, FY2021: −32.41M USDNet income, FY2022: −168.72M USDNet income, FY2023: −133.7M USDNet income, FY2024: −72.49M USDNet income, FY2025: −77.06M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 62.57M USD. Revenue FY2022 73.39M USD. Revenue FY2023 65.9M USD. Revenue FY2024 82.06M USD. Revenue FY2025 97.61M USD. Operating income FY2021 −192.73M USD. Operating income FY2022 −193.02M USD. Operating income FY2023 −145.61M USD. Operating income FY2024 −74.41M USD. Operating income FY2025 −86.42M USD. Net income FY2021 −32.41M USD. Net income FY2022 −168.72M USD. Net income FY2023 −133.7M USD. Net income FY2024 −72.49M USD. Net income FY2025 −77.06M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue97.61M USD82.06M USD65.9M USD73.39M USD62.57M USD
Cost of goods sold51.88M USD33.23M USD49.04M USD33.93M USD45.51M USD
Gross profit45.73M USD48.83M USD16.86M USD39.46M USD17.05M USD
Research and development36.26M USD37.8M USD55.62M USD88.04M USD74.46M USD
Selling, general, and administrative85.11M USD85.44M USD106.85M USD144.44M USD135.32M USD
Operating expenses132.15M USD123.24M USD162.47M USD232.48M USD209.78M USD
Interest income5.91M USD5.02M USD7.45M USD3.38M USD2.57M USD
Interest expense1.49M USD1.26M USD2K USD651K USD
Depreciation and amortization8.08M USD10.34M USD10.57M USD5.94M USD2.09M USD
Operating income−86.42M USD−74.41M USD−145.61M USD−193.02M USD−192.73M USD
Net income−77.06M USD−72.49M USD−133.7M USD−168.72M USD−32.41M USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-0.31
FY2025
Latest fiscal-year revenue
97.61M USD
FY2025 · +18.96% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend-0.13-0.39-0.65-0.9FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend101.11M87.1M73.08M59.06MFY21FY22FY23FY24FY25

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$5.50

42.41% downside
Past 12 months12-month forecastHigh $5.50Average $5.50Low $5.50

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