Symbols / BFLY
BFLY Chart
About
Butterfly Network, Inc. develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. The company offers Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging on a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; Butterfly iQ+ Bladder, a specialty product for the bladder scanning market; and Butterfly iQ+ Vet, a handheld ultrasound system designed for veterinarians. It also provides Butterfly system, which includes probes, related accessories, and software subscriptions to healthcare systems, physicians, and healthcare providers. In addition, the company offers cloud-based software solutions to healthcare systems, teleguidance, in-app educational tutorials, and formal education programs through its Butterfly Academy software and Butterfly Certified courses, as well as professional services for large scale deployments; and ScanLab, an education-only app that provides written walkthroughs and reference imagery to guide real-time educational scanning, enhancing the learning process. It sells its products through a direct sales force, distributors, and e-commerce channels. Butterfly Network, Inc. was founded in 2011 and is headquartered in Burlington, Massachusetts.
Fundamentals
Scroll to Statements| Sector | Healthcare | Industry | Medical Devices | Market Cap | 783.07M |
| Enterprise Value | 659.86M | Income | -79.87M | Sales | 88.45M |
| Book/sh | 0.81 | Cash/sh | 0.57 | Dividend Yield | — |
| Payout | 0.00% | Employees | 190 | IPO | — |
| P/E | — | Forward P/E | -22.55 | PEG | — |
| P/S | 8.85 | P/B | 3.84 | P/C | — |
| EV/EBITDA | -10.82 | EV/Sales | 7.46 | Quick Ratio | 3.35 |
| Current Ratio | 4.80 | Debt/Eq | 10.32 | LT Debt/Eq | — |
| EPS (ttm) | -0.35 | EPS next Y | -0.14 | EPS Growth | — |
| Revenue Growth | 4.50% | Earnings | 2026-02-26 | ROA | -14.35% |
| ROE | -41.42% | ROIC | — | Gross Margin | 62.92% |
| Oper. Margin | -69.69% | Profit Margin | -90.31% | Shs Outstand | 226.18M |
| Shs Float | 184.13M | Short Float | 12.12% | Short Ratio | 4.26 |
| Short Interest | — | 52W High | 5.03 | 52W Low | 1.32 |
| Beta | 2.27 | Avg Volume | 5.31M | Volume | 2.87M |
| Target Price | $5.06 | Recom | None | Prev Close | $2.95 |
| Price | $3.10 | Change | 5.08% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$5.06
Mean price target
2. Current target
$3.10
Latest analyst target
3. DCF / Fair value
$0.29
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.10
Low
$4.50
High
$5.50
Mean
$5.06
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-01-20 | main | Lake Street | Buy → Buy | $6 |
| 2025-12-31 | init | Freedom Capital Markets | — → Buy | $5 |
| 2025-07-01 | init | Craig-Hallum | — → Buy | $3 |
| 2025-05-05 | main | Lake Street | Buy → Buy | $4 |
| 2025-03-17 | init | William Blair | — → Outperform | — |
| 2024-09-10 | init | Lake Street | — → Buy | $3 |
| 2023-03-29 | init | UBS | — → Neutral | $2 |
| 2022-11-29 | init | Oppenheimer | — → Outperform | $5 |
| 2022-10-04 | init | B. Riley Securities | — → Buy | $10 |
| 2021-12-17 | init | UBS | — → Neutral | $7 |
| 2021-06-21 | init | Cowen & Co. | — → Outperform | $20 |
- Butterfly Network (BFLY) Price Target Increased by 11.94% to 4.78 - Nasdaq Wed, 04 Feb 2026 08
- Portable ultrasound maker Butterfly sets Feb. 26 call on 2025 results - Stock Titan ue, 03 Feb 2026 08
- Butterfly Network Inc (BFLY) Q4 2025: Everything You Need To Kno - GuruFocus Wed, 25 Feb 2026 13
- BFLY Stock Down Despite Launching Compass AI to Drive POCUS Programs - Yahoo Finance ue, 18 Nov 2025 08
- Some Butterfly Network, Inc. (NYSE:BFLY) Shareholders Look For Exit As Shares Take 31% Pounding - simplywall.st Fri, 13 Feb 2026 08
- Jonathan Rothberg sells Butterfly Network (BFLY) stock worth $3.06m - Investing.com Wed, 10 Dec 2025 08
- $BFLY stock is up 21% today. Here's what we see in our data. - Quiver Quantitative Wed, 19 Nov 2025 08
- TEM vs. BFLY: Which Stock Offers Greater Upside Amid Health Tech Boom? - Nasdaq Mon, 24 Nov 2025 08
- Butterfly CEO and CFO to present at TD Cowen health event - Stock Titan ue, 17 Feb 2026 13
- Is Butterfly Network (BFLY) One of the Best Strong Buy Penny Stocks to Invest In? - Yahoo Finance Fri, 13 Feb 2026 08
- $BFLY stock is up 18% today. Here's what we see in our data. - Quiver Quantitative Fri, 31 Oct 2025 07
- New security approvals let Butterfly sell cloud ultrasound - Stock Titan ue, 10 Feb 2026 08
- Butterfly Network (BFLY) Is Up 8.4% After Strong Q4 2025 Guidance And Analyst Support - Yahoo Finance Sat, 24 Jan 2026 08
- BFLY's Q3 Earnings Miss Estimates, Revenues Surpass, Stock Climbs - Yahoo Finance Fri, 31 Oct 2025 07
- Handheld ultrasound maker Butterfly joins J.P. Morgan health conference - Stock Titan hu, 18 Dec 2025 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 1140180 | 4695583 | — | Sale at price 4.03 - 4.18 per share. | ROTHBERG JONATHAN M | Director and Beneficial Owner of more than 10% of a Class of Security | — | 2026-01-08 00:00:00 | I |
| 1 | 60182 | 239524 | — | Sale at price 3.98 per share. | DOHERTY JOHN N | Chief Financial Officer | — | 2026-01-07 00:00:00 | D |
| 2 | 35968 | 137398 | — | Sale at price 3.82 per share. | KU VICTOR | Chief Technology Officer | — | 2026-01-05 00:00:00 | D |
| 3 | 62365 | 249906 | — | Sale at price 4.00 - 4.01 per share. | ROTHBERG JONATHAN M | Director and Beneficial Owner of more than 10% of a Class of Security | — | 2025-12-26 00:00:00 | I |
| 4 | 886294 | 2796489 | — | Sale at price 3.14 - 3.16 per share. | ROTHBERG JONATHAN M | Director and Beneficial Owner of more than 10% of a Class of Security | — | 2025-12-16 00:00:00 | I |
| 5 | 185261 | 571160 | — | Purchase at price 3.08 per share. | PHANSTIEL S LOUISE | Director | — | 2025-12-15 00:00:00 | I |
| 6 | 605565 | 1880785 | — | Sale at price 3.08 - 3.13 per share. | ROTHBERG JONATHAN M | Director and Beneficial Owner of more than 10% of a Class of Security | — | 2025-12-12 00:00:00 | I |
| 7 | 21370 | 64471 | — | Purchase at price 3.02 per share. | ROBBINS LARRY | Director and Beneficial Owner of more than 10% of a Class of Security | — | 2025-12-11 00:00:00 | I |
| 8 | 945397 | 3064544 | — | Sale at price 3.11 - 3.27 per share. | ROTHBERG JONATHAN M | Director and Beneficial Owner of more than 10% of a Class of Security | — | 2025-12-09 00:00:00 | I |
| 9 | 1294870 | — | — | Stock Award(Grant) at price 0.00 per share. | DOHERTY JOHN N | Chief Financial Officer | — | 2025-12-08 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -743.60 | 954.24K | 4.38M | 43.50M |
| TaxRateForCalcs | 0.00 | 0.21 | 0.21 | 0.27 |
| NormalizedEBITDA | -59.06M | -127.59M | -183.60M | -190.64M |
| TotalUnusualItems | -1.86M | 4.54M | 20.86M | 161.09M |
| TotalUnusualItemsExcludingGoodwill | -1.86M | 4.54M | 20.86M | 161.09M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -72.49M | -133.70M | -168.72M | -32.41M |
| ReconciledDepreciation | 10.34M | 10.57M | 5.93M | 2.09M |
| ReconciledCostOfRevenue | 33.23M | 49.04M | 33.93M | 45.51M |
| EBITDA | -60.92M | -123.04M | -162.74M | -29.55M |
| EBIT | -71.26M | -133.62M | -168.68M | -31.64M |
| NetInterestIncome | 3.76M | 7.45M | 3.38M | 1.92M |
| InterestExpense | 1.26M | 0.00 | 2.00K | 651.00K |
| InterestIncome | 5.02M | 7.45M | 3.38M | 2.57M |
| NormalizedIncome | -70.63M | -137.29M | -185.20M | -150.01M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -72.49M | -133.70M | -168.72M | -32.41M |
| TotalExpenses | 156.47M | 211.51M | 266.41M | 255.29M |
| TotalOperatingIncomeAsReported | -74.41M | -145.61M | -193.02M | -192.73M |
| DilutedAverageShares | 211.68M | 205.39M | 199.85M | 173.81M |
| BasicAverageShares | 211.68M | 205.39M | 199.85M | 173.81M |
| DilutedEPS | -0.34 | -0.65 | -0.84 | -0.19 |
| BasicEPS | -0.34 | -0.65 | -0.84 | -0.19 |
| DilutedNIAvailtoComStockholders | -72.49M | -133.70M | -168.72M | -32.41M |
| NetIncomeCommonStockholders | -72.49M | -133.70M | -168.72M | -32.41M |
| NetIncome | -72.49M | -133.70M | -168.72M | -32.41M |
| NetIncomeIncludingNoncontrollingInterests | -72.49M | -133.70M | -168.72M | -32.41M |
| NetIncomeContinuousOperations | -72.49M | -133.70M | -168.72M | -32.41M |
| TaxProvision | -32.00K | 82.00K | 42.00K | 121.00K |
| PretaxIncome | -72.52M | -133.62M | -168.68M | -32.29M |
| OtherIncomeExpense | -1.87M | 4.54M | 20.96M | 158.52M |
| OtherNonOperatingIncomeExpenses | -13.00K | -2.00K | 98.00K | -2.58M |
| GainOnSaleOfSecurity | -1.86M | 4.54M | 20.86M | 161.09M |
| NetNonOperatingInterestIncomeExpense | 3.76M | 7.45M | 3.38M | 1.92M |
| InterestExpenseNonOperating | 1.26M | 0.00 | 2.00K | 651.00K |
| InterestIncomeNonOperating | 5.02M | 7.45M | 3.38M | 2.57M |
| OperatingIncome | -74.41M | -145.61M | -193.02M | -192.73M |
| OperatingExpense | 123.24M | 162.47M | 232.48M | 209.78M |
| OtherOperatingExpenses | 18.16M | 7.35M | ||
| ResearchAndDevelopment | 37.80M | 55.62M | 88.04M | 74.46M |
| SellingGeneralAndAdministration | 85.44M | 106.85M | 144.44M | 135.32M |
| SellingAndMarketingExpense | 41.57M | 39.07M | 59.49M | 49.60M |
| GeneralAndAdministrativeExpense | 43.88M | 67.78M | 84.94M | 85.72M |
| OtherGandA | 42.53M | 59.08M | 82.92M | 85.72M |
| SalariesAndWages | 1.34M | 8.70M | 2.02M | |
| GrossProfit | 48.83M | 16.86M | 39.46M | 17.05M |
| CostOfRevenue | 33.23M | 49.04M | 33.93M | 45.51M |
| TotalRevenue | 82.06M | 65.90M | 73.39M | 62.56M |
| OperatingRevenue | 82.06M | 65.90M | 73.39M | 62.56M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 215.05M | 207.65M | 200.89M | 198.04M |
| ShareIssued | 215.05M | 207.65M | 200.89M | 198.04M |
| TotalDebt | 22.84M | 25.03M | 31.89M | 29.08M |
| TangibleBookValue | 139.24M | 192.01M | 310.61M | 443.86M |
| InvestedCapital | 168.83M | 220.05M | 325.36M | 447.69M |
| WorkingCapital | 144.40M | 186.99M | 305.81M | 462.07M |
| NetTangibleAssets | 139.24M | 192.01M | 310.61M | 443.86M |
| CapitalLeaseObligations | 22.84M | 25.03M | 31.89M | 29.08M |
| CommonStockEquity | 168.83M | 220.05M | 325.36M | 447.69M |
| TotalCapitalization | 168.83M | 220.05M | 325.36M | 447.69M |
| TotalEquityGrossMinorityInterest | 168.83M | 220.05M | 325.36M | 447.69M |
| StockholdersEquity | 168.83M | 220.05M | 325.36M | 447.69M |
| RetainedEarnings | -802.13M | -729.64M | -595.94M | -427.21M |
| AdditionalPaidInCapital | 970.94M | 949.67M | 921.28M | 874.89M |
| CapitalStock | 22.00K | 21.00K | 20.00K | 20.00K |
| CommonStock | 22.00K | 21.00K | 20.00K | 20.00K |
| TotalLiabilitiesNetMinorityInterest | 87.25M | 84.22M | 92.21M | 124.27M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 39.03M | 39.95M | 40.88M | 74.44M |
| OtherNonCurrentLiabilities | 8.64M | 8.89M | 588.00K | 850.00K |
| PreferredSecuritiesOutsideStockEquity | 0.00 | |||
| DerivativeProductLiabilities | 2.69M | 826.00K | 5.37M | 26.23M |
| NonCurrentAccruedExpenses | 0.00 | 14.20M | ||
| NonCurrentDeferredLiabilities | 7.32M | 7.39M | 4.96M | 5.48M |
| NonCurrentDeferredRevenue | 7.32M | 7.39M | 4.96M | 5.48M |
| LongTermDebtAndCapitalLeaseObligation | 20.40M | 22.84M | 29.97M | 27.69M |
| LongTermCapitalLeaseObligation | 20.40M | 22.84M | 29.97M | 27.69M |
| CurrentLiabilities | 48.22M | 44.27M | 51.33M | 49.83M |
| OtherCurrentLiabilities | 9.20M | 7.82M | 6.84M | 5.95M |
| CurrentDeferredLiabilities | 16.14M | 15.62M | 15.86M | 13.07M |
| CurrentDeferredRevenue | 16.14M | 15.62M | 15.86M | 13.07M |
| CurrentDebtAndCapitalLeaseObligation | 2.44M | 2.19M | 1.93M | 1.39M |
| CurrentCapitalLeaseObligation | 2.44M | 2.19M | 1.93M | 1.39M |
| PensionandOtherPostRetirementBenefitPlansCurrent | 11.19M | 9.44M | 12.17M | 12.75M |
| PayablesAndAccruedExpenses | 9.25M | 9.20M | 14.54M | 16.67M |
| CurrentAccruedExpenses | 2.64M | 2.91M | 5.88M | 8.39M |
| Payables | 6.61M | 6.29M | 8.65M | 8.28M |
| TotalTaxPayable | 2.36M | 1.20M | 1.44M | 2.48M |
| AccountsPayable | 4.25M | 5.09M | 7.21M | 5.80M |
| TotalAssets | 256.08M | 304.27M | 417.57M | 571.97M |
| TotalNonCurrentAssets | 63.47M | 73.01M | 60.43M | 60.06M |
| OtherNonCurrentAssets | 4.78M | 5.43M | 5.65M | 6.61M |
| NonCurrentPrepaidAssets | 16.02M | 16.27M | 1.88M | 14.66M |
| NonCurrentDeferredAssets | 0.00 | |||
| GoodwillAndOtherIntangibleAssets | 29.59M | 28.04M | 14.75M | 3.83M |
| OtherIntangibleAssets | 29.59M | 28.04M | 14.75M | 3.83M |
| NetPPE | 13.07M | 23.27M | 38.15M | 34.95M |
| AccumulatedDepreciation | -26.90M | -18.20M | -11.05M | -5.38M |
| GrossPPE | 39.97M | 41.47M | 49.21M | 40.33M |
| Leases | 11.12M | 11.10M | 13.79M | 4.21M |
| ConstructionInProgress | 2.39M | 2.57M | 1.94M | 5.09M |
| OtherProperties | 14.26M | 15.72M | 21.69M | 24.13M |
| MachineryFurnitureEquipment | 12.20M | 12.08M | 11.78M | 6.90M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 192.61M | 231.26M | 357.14M | 511.90M |
| OtherCurrentAssets | 6.71M | 7.57M | 9.49M | 13.38M |
| PrepaidAssets | 5.55M | 2.81M | 35.18M | 27.50M |
| Inventory | 70.79M | 73.02M | 59.97M | 36.24M |
| FinishedGoods | 18.41M | 20.27M | 16.74M | 15.27M |
| WorkInProcess | 4.74M | 3.38M | 1.96M | 1.12M |
| RawMaterials | 47.64M | 49.37M | 41.27M | 19.85M |
| Receivables | 20.79M | 13.42M | 14.69M | 11.94M |
| AccountsReceivable | 20.79M | 13.42M | 14.69M | 11.94M |
| AllowanceForDoubtfulAccountsReceivable | -2.58M | -1.79M | -528.00K | -440.00K |
| GrossAccountsReceivable | 23.38M | 15.21M | 15.21M | 12.38M |
| CashCashEquivalentsAndShortTermInvestments | 88.78M | 134.44M | 237.81M | 422.84M |
| OtherShortTermInvestments | 0.00 | 75.25M | 0.00 | |
| CashAndCashEquivalents | 88.78M | 134.44M | 162.56M | 422.84M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -44.40M | -104.60M | -187.42M | -197.06M |
| RepaymentOfDebt | 0.00 | 0.00 | -4.37M | |
| IssuanceOfDebt | 0.00 | 0.00 | ||
| IssuanceOfCapitalStock | 0.00 | 548.40M | ||
| CapitalExpenditure | -2.69M | -5.78M | -18.30M | -7.88M |
| EndCashPosition | 92.79M | 138.65M | 166.83M | 426.84M |
| BeginningCashPosition | 138.65M | 166.83M | 426.84M | 60.21M |
| ChangesInCash | -45.86M | -28.18M | -260.01M | 366.63M |
| FinancingCashFlow | -1.50M | 228.00K | 2.88M | 565.69M |
| CashFlowFromContinuingFinancingActivities | -1.50M | 228.00K | 2.88M | 565.69M |
| NetOtherFinancingCharges | -2.05M | -101.00K | 548.35M | |
| ProceedsFromStockOptionExercised | 559.00K | 228.00K | 2.98M | 21.71M |
| NetCommonStockIssuance | 0.00 | 548.40M | ||
| CommonStockIssuance | 0.00 | 548.40M | ||
| NetIssuancePaymentsOfDebt | 0.00 | 0.00 | -4.37M | |
| NetLongTermDebtIssuance | 0.00 | 0.00 | -4.37M | |
| LongTermDebtPayments | 0.00 | 0.00 | -4.37M | |
| LongTermDebtIssuance | 0.00 | 0.00 | ||
| InvestingCashFlow | -2.66M | 70.41M | -93.78M | -9.87M |
| CashFlowFromContinuingInvestingActivities | -2.66M | 70.41M | -93.78M | -9.87M |
| NetInvestmentPurchaseAndSale | 0.00 | 76.19M | -75.53M | -1.99M |
| SaleOfInvestment | 0.00 | 76.48M | 0.00 | 1.02B |
| PurchaseOfInvestment | 0.00 | -297.00K | -75.53M | -1.02B |
| NetPPEPurchaseAndSale | -2.66M | -5.77M | -18.25M | -7.88M |
| SaleOfPPE | 36.00K | 10.00K | 57.00K | 0.00 |
| PurchaseOfPPE | -2.69M | -5.78M | -18.30M | -7.88M |
| OperatingCashFlow | -41.71M | -98.82M | -169.12M | -189.19M |
| CashFlowFromContinuingOperatingActivities | -41.71M | -98.82M | -169.12M | -189.19M |
| ChangeInWorkingCapital | -4.82M | -20.13M | -29.40M | -51.05M |
| ChangeInOtherWorkingCapital | -315.00K | 1.57M | 4.52M | 9.21M |
| ChangeInPayablesAndAccruedExpense | 2.97M | -7.48M | -15.27M | -29.56M |
| ChangeInAccruedExpense | 3.81M | -5.60M | -16.48M | -19.04M |
| ChangeInPayable | -841.00K | -1.88M | 1.22M | -10.52M |
| ChangeInAccountPayable | -841.00K | -1.88M | 1.22M | -10.52M |
| ChangeInPrepaidAssets | -1.19M | 20.07M | 8.92M | -13.29M |
| ChangeInInventory | 2.22M | -34.13M | -24.51M | -11.29M |
| ChangeInReceivables | -8.50M | -162.00K | -3.06M | -6.13M |
| ChangesInAccountReceivables | -8.50M | -162.00K | -3.06M | -6.13M |
| OtherNonCashItems | 2.36M | 419.00K | 615.00K | 2.29M |
| StockBasedCompensation | 21.03M | 27.48M | 42.53M | 47.80M |
| AssetImpairmentCharge | 15.00K | 21.08M | 783.00K | 3.19M |
| DepreciationAmortizationDepletion | 10.34M | 10.57M | 5.93M | 2.09M |
| DepreciationAndAmortization | 10.34M | 10.57M | 5.93M | 2.09M |
| Depreciation | 10.34M | 10.57M | 5.93M | 2.09M |
| OperatingGainsLosses | 1.86M | -4.54M | -20.86M | -161.09M |
| GainLossOnInvestmentSecurities | 1.86M | -4.54M | -20.86M | -161.09M |
| NetIncomeFromContinuingOperations | -72.49M | -133.70M | -168.72M | -32.41M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for BFLY
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|