Symbols / BFLY $5.53 +1.47% Butterfly Network, Inc.

Healthcare • Medical Devices • United States • NYQ
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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 Move, merging the mobility of a handheld with the stability of a full cart system; and iQ+ Bladder, a specialty product for bladder scanning market. It also provides Compass AI which offers one system to connect every device, workflow, and department; ScanLab, an AI-powered educational platform that provides written walkthroughs and reference imagery to guide real-time educational scanning; and Butterfly iQ+/iQ3 Vet, a third generation handheld ultrasound system. It sells and markets 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
Market Cap 1.41B Enterprise Value 1.28B Income -77.06M Sales 97.61M Book/sh 0.77 Cash/sh 0.59
Dividend Yield — Payout 0.00% Employees 220 IPO — P/E — Forward P/E -55.30
PEG — P/S 14.43 P/B 7.16 P/C — EV/EBITDA -23.60 EV/Sales 13.09
Quick Ratio 2.72 Current Ratio 3.83 Debt/Eq 10.41 LT Debt/Eq — EPS (ttm) -0.31 EPS next Y -0.10
EPS Growth — Revenue Growth 41.00% Earnings 2026-04-30 ROA -13.17% ROE -42.25% ROIC —
Gross Margin 64.68% Oper. Margin -36.13% Profit Margin -78.95% Shs Outstand 228.21M Shs Float 186.23M Short Float 12.95%
Short Ratio 5.36 Short Interest — 52W High 5.72 52W Low 1.32 Beta 2.22 Avg Volume 5.72M
Volume 4.42M Target Price $5.56 Recom None Prev Close $5.45 Price $5.53 Change 1.47%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$5.56
Mean price target
2. Current target
$5.53
Latest analyst target
3. DCF / Fair value
$1.00
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$5.53
Low
$5.25
High
$6.00
Mean
$5.56

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-02 main Freedom Broker Buy → Buy $6
2026-02-27 main TD Cowen Buy → Buy $6
2026-01-20 main Lake Street Buy → Buy $6
2025-12-31 init Freedom Broker — → 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
News
RSS: Latest BFLY news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-16 CASHMAN STEVE Officer — 200,000 $5.22 $1,044,400
2026-03-05 DEVIVO JOSEPH M Chief Executive Officer — 482,149 $3.71 $1,788,291
2026-03-03 CASHMAN STEVE Officer — 42,540 $3.71 $157,908
2026-03-03 CAEZZA NICHOLAS General Counsel — 14,209 $3.71 $52,744
2026-03-03 CARLSON MEGAN Officer — 41,978 $3.71 $155,822
2026-03-03 DEVIVO JOSEPH M Chief Executive Officer — 161,275 $3.71 $598,653
2026-03-02 CASHMAN STEVE Officer — 488,042 $0.00 $0
2026-03-02 CAEZZA NICHOLAS General Counsel — 89,359 $0.00 $0
2026-03-02 CARLSON MEGAN Officer — 97,883 $0.00 $0
2026-03-02 KU VICTOR Chief Technology Officer — 287,326 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
97.61
+18.96%
82.06
+24.52%
65.90
-10.21%
73.39
Operating Revenue
97.61
+18.96%
82.06
+24.52%
65.90
-10.21%
73.39
Cost Of Revenue
51.88
+56.14%
33.23
-32.25%
49.04
+44.54%
33.93
Reconciled Cost Of Revenue
51.88
+56.14%
33.23
-32.25%
49.04
+44.54%
33.93
Gross Profit
45.73
-6.34%
48.83
+189.70%
16.86
-57.28%
39.46
Operating Expense
132.15
+7.23%
123.24
-24.14%
162.47
-30.12%
232.48
Research And Development
36.26
-4.07%
37.80
-32.03%
55.62
-36.83%
88.04
Selling General And Administration
95.89
+12.22%
85.44
-20.04%
106.85
-26.02%
144.44
Selling And Marketing Expense
45.88
+10.37%
41.57
+6.38%
39.07
-34.32%
59.49
General And Administrative Expense
50.01
+13.99%
43.88
-35.27%
67.78
-20.21%
84.94
Salaries And Wages
0.98
-26.55%
1.34
-84.59%
8.70
+330.96%
2.02
Other Gand A
49.03
+15.26%
42.53
-28.00%
59.08
-28.76%
82.92
Other Operating Expenses
—
—
18.16
+147.26%
7.35
Total Expenses
184.03
+17.61%
156.47
-26.02%
211.51
-20.61%
266.41
Operating Income
-86.42
-16.13%
-74.41
+48.90%
-145.61
+24.56%
-193.02
Total Operating Income As Reported
-86.42
-16.13%
-74.41
+48.90%
-145.61
+24.56%
-193.02
EBITDA
-67.38
-10.61%
-60.92
+50.49%
-123.04
+24.39%
-162.74
Normalized EBITDA
-69.66
-17.94%
-59.06
+53.71%
-127.59
+30.51%
-183.60
Reconciled Depreciation
8.08
-21.86%
10.34
-2.19%
10.57
+78.16%
5.93
EBIT
-75.46
-5.90%
-71.26
+46.67%
-133.62
+20.79%
-168.68
Total Unusual Items
2.27
+222.22%
-1.86
-140.91%
4.54
-78.22%
20.86
Total Unusual Items Excluding Goodwill
2.27
+222.22%
-1.86
-140.91%
4.54
-78.22%
20.86
Net Income
-77.06
-6.31%
-72.49
+45.78%
-133.70
+20.76%
-168.72
Pretax Income
-76.95
-6.11%
-72.52
+45.72%
-133.62
+20.79%
-168.68
Net Non Operating Interest Income Expense
4.42
+17.61%
3.76
-49.54%
7.45
+120.28%
3.38
Interest Expense Non Operating
1.49
+18.16%
1.26
0.00
-100.00%
0.00
Net Interest Income
4.42
+17.61%
3.76
-49.54%
7.45
+120.28%
3.38
Interest Expense
1.49
+18.16%
1.26
0.00
-100.00%
0.00
Interest Income Non Operating
5.91
+17.75%
5.02
-32.62%
7.45
+120.15%
3.38
Interest Income
5.91
+17.75%
5.02
-32.62%
7.45
+120.15%
3.38
Other Income Expense
5.04
+369.23%
-1.87
-141.22%
4.54
-78.33%
20.96
Other Non Operating Income Expenses
2.77
+21392.31%
-0.01
-550.00%
-0.00
-102.04%
0.10
Gain On Sale Of Security
2.27
+222.22%
-1.86
-140.91%
4.54
-78.22%
20.86
Tax Provision
0.11
+443.75%
-0.03
-139.02%
0.08
+95.24%
0.04
Tax Rate For Calcs
0.00
+52400.00%
0.00
-99.81%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.48
+64263.53%
-0.00
-100.08%
0.95
-78.22%
4.38
Net Income Including Noncontrolling Interests
-77.06
-6.31%
-72.49
+45.78%
-133.70
+20.76%
-168.72
Net Income From Continuing Operation Net Minority Interest
-77.06
-6.31%
-72.49
+45.78%
-133.70
+20.76%
-168.72
Net Income From Continuing And Discontinued Operation
-77.06
-6.31%
-72.49
+45.78%
-133.70
+20.76%
-168.72
Net Income Continuous Operations
-77.06
-6.31%
-72.49
+45.78%
-133.70
+20.76%
-168.72
Normalized Income
-78.86
-11.64%
-70.63
+48.55%
-137.29
+25.87%
-185.20
Net Income Common Stockholders
-77.06
-6.31%
-72.49
+45.78%
-133.70
+20.76%
-168.72
Diluted EPS
-0.31
+8.82%
-0.34
+47.69%
-0.65
+22.62%
-0.84
Basic EPS
-0.31
+8.82%
-0.34
+47.69%
-0.65
+22.62%
-0.84
Basic Average Shares
247.12
+16.74%
211.68
+3.07%
205.39
+2.77%
199.85
Diluted Average Shares
247.12
+16.74%
211.68
+3.07%
205.39
+2.77%
199.85
Diluted NI Availto Com Stockholders
-77.06
-6.31%
-72.49
+45.78%
-133.70
+20.76%
-168.72
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
296.53
+15.80%
256.08
-15.84%
304.27
-27.13%
417.57
Current Assets
249.10
+29.33%
192.61
-16.71%
231.26
-35.25%
357.14
Cash Cash Equivalents And Short Term Investments
150.49
+69.52%
88.78
-33.97%
134.44
-43.47%
237.81
Cash And Cash Equivalents
150.49
+69.52%
88.78
-33.97%
134.44
-17.30%
162.56
Other Short Term Investments
—
—
0.00
-100.00%
75.25
Receivables
26.74
+28.62%
20.79
+54.96%
13.42
-8.63%
14.69
Accounts Receivable
26.74
+28.62%
20.79
+54.96%
13.42
-8.63%
14.69
Gross Accounts Receivable
28.13
+20.35%
23.38
+53.74%
15.21
-0.05%
15.21
Allowance For Doubtful Accounts Receivable
-1.39
+46.23%
-2.58
-44.54%
-1.79
-238.45%
-0.53
Inventory
61.39
-13.28%
70.79
-3.06%
73.02
+21.76%
59.97
Raw Materials
37.87
-20.52%
47.64
-3.49%
49.37
+19.63%
41.27
Work In Process
5.05
+6.65%
4.74
+39.95%
3.38
+72.48%
1.96
Finished Goods
18.47
+0.34%
18.41
-9.18%
20.27
+21.08%
16.74
Prepaid Assets
2.06
-62.81%
5.55
+97.05%
2.81
-92.00%
35.18
Other Current Assets
8.42
+25.47%
6.71
-11.39%
7.57
-20.21%
9.49
Total Non Current Assets
47.43
-25.27%
63.47
-13.07%
73.01
+20.81%
60.43
Net PPE
5.86
-55.19%
13.07
-43.83%
23.27
-39.00%
38.15
Gross PPE
39.14
-2.07%
39.97
-3.61%
41.47
-15.72%
49.21
Accumulated Depreciation
-33.28
-23.75%
-26.90
-47.83%
-18.20
-64.60%
-11.05
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
12.51
+2.59%
12.20
+0.94%
12.08
+2.53%
11.78
Construction In Progress
2.42
+0.96%
2.39
-6.70%
2.57
+32.47%
1.94
Other Properties
12.71
-10.92%
14.26
-9.27%
15.72
-27.54%
21.69
Leases
11.51
+3.51%
11.12
+0.16%
11.10
-19.51%
13.79
Goodwill And Other Intangible Assets
30.90
+4.40%
29.59
+5.54%
28.04
+90.15%
14.75
Other Intangible Assets
30.90
+4.40%
29.59
+5.54%
28.04
+90.15%
14.75
Non Current Deferred Assets
—
—
—
—
Non Current Prepaid Assets
6.03
-62.39%
16.02
-1.48%
16.27
+764.24%
1.88
Other Non Current Assets
4.65
-2.70%
4.78
-12.06%
5.43
-3.89%
5.65
Total Liabilities Net Minority Interest
100.55
+15.25%
87.25
+3.60%
84.22
-8.66%
92.21
Current Liabilities
65.12
+35.06%
48.22
+8.91%
44.27
-13.75%
51.33
Payables And Accrued Expenses
14.67
+58.63%
9.25
+0.59%
9.20
-36.74%
14.54
Payables
7.92
+19.89%
6.61
+5.07%
6.29
-27.34%
8.65
Accounts Payable
5.44
+28.05%
4.25
-16.50%
5.09
-29.41%
7.21
Current Accrued Expenses
6.75
+155.41%
2.64
-9.11%
2.91
-50.55%
5.88
Pensionand Other Post Retirement Benefit Plans Current
11.15
-0.39%
11.19
+18.53%
9.44
-22.39%
12.17
Total Tax Payable
2.48
+5.18%
2.36
+96.83%
1.20
-16.99%
1.44
Current Debt And Capital Lease Obligation
2.68
+9.85%
2.44
+11.18%
2.19
+13.81%
1.93
Current Capital Lease Obligation
2.68
+9.85%
2.44
+11.18%
2.19
+13.81%
1.93
Current Deferred Liabilities
26.91
+66.73%
16.14
+3.29%
15.62
-1.46%
15.86
Current Deferred Revenue
26.91
+66.73%
16.14
+3.29%
15.62
-1.46%
15.86
Other Current Liabilities
9.71
+5.58%
9.20
+17.67%
7.82
+14.19%
6.84
Total Non Current Liabilities Net Minority Interest
35.44
-9.22%
39.03
-2.29%
39.95
-2.28%
40.88
Long Term Debt And Capital Lease Obligation
17.72
-13.12%
20.40
-10.67%
22.84
-23.80%
29.97
Long Term Capital Lease Obligation
17.72
-13.12%
20.40
-10.67%
22.84
-23.80%
29.97
Non Current Deferred Liabilities
9.39
+28.38%
7.32
-1.07%
7.39
+49.16%
4.96
Non Current Deferred Revenue
9.39
+28.38%
7.32
-1.07%
7.39
+49.16%
4.96
Other Non Current Liabilities
8.32
-3.61%
8.64
-2.90%
8.89
+1412.76%
0.59
Preferred Securities Outside Stock Equity
—
—
—
—
Stockholders Equity
195.98
+16.08%
168.83
-23.28%
220.05
-32.37%
325.36
Common Stock Equity
195.98
+16.08%
168.83
-23.28%
220.05
-32.37%
325.36
Capital Stock
0.03
+18.18%
0.02
+4.76%
0.02
+5.00%
0.02
Common Stock
0.03
+18.18%
0.02
+4.76%
0.02
+5.00%
0.02
Share Issued
253.75
+17.99%
215.05
+3.57%
207.65
+3.37%
200.89
Ordinary Shares Number
253.75
+17.99%
215.05
+3.57%
207.65
+3.37%
200.89
Additional Paid In Capital
1,075.15
+10.73%
970.94
+2.24%
949.67
+3.08%
921.28
Retained Earnings
-879.19
-9.61%
-802.13
-9.94%
-729.64
-22.44%
-595.94
Total Equity Gross Minority Interest
195.98
+16.08%
168.83
-23.28%
220.05
-32.37%
325.36
Total Capitalization
195.98
+16.08%
168.83
-23.28%
220.05
-32.37%
325.36
Working Capital
183.99
+27.42%
144.40
-22.78%
186.99
-38.85%
305.81
Invested Capital
195.98
+16.08%
168.83
-23.28%
220.05
-32.37%
325.36
Total Debt
20.40
-10.67%
22.84
-8.76%
25.03
-21.53%
31.89
Capital Lease Obligations
20.40
-10.67%
22.84
-8.76%
25.03
-21.53%
31.89
Net Tangible Assets
165.08
+18.56%
139.24
-27.48%
192.01
-38.18%
310.61
Tangible Book Value
165.08
+18.56%
139.24
-27.48%
192.01
-38.18%
310.61
Derivative Product Liabilities
0.00
-100.00%
2.69
+225.06%
0.83
-84.62%
5.37
Non Current Accrued Expenses
—
—
—
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-12.70
+69.55%
-41.71
+57.79%
-98.82
+41.57%
-169.12
Cash Flow From Continuing Operating Activities
-12.70
+69.55%
-41.71
+57.79%
-98.82
+41.57%
-169.12
Net Income From Continuing Operations
-77.06
-6.31%
-72.49
+45.78%
-133.70
+20.76%
-168.72
Depreciation Amortization Depletion
8.08
-21.86%
10.34
-2.19%
10.57
+78.16%
5.93
Depreciation
8.08
-21.86%
10.34
-2.19%
10.57
+78.16%
5.93
Depreciation And Amortization
8.08
-21.86%
10.34
-2.19%
10.57
+78.16%
5.93
Other Non Cash Items
2.29
-2.93%
2.36
+462.77%
0.42
-31.87%
0.61
Stock Based Compensation
23.43
+11.43%
21.03
-23.46%
27.48
-35.39%
42.53
Asset Impairment Charge
17.60
+117206.67%
0.01
-99.93%
21.08
+2592.59%
0.78
Operating Gains Losses
-2.27
-222.22%
1.86
+140.91%
-4.54
+78.22%
-20.86
Gain Loss On Investment Securities
-2.27
-222.22%
1.86
+140.91%
-4.54
+78.22%
-20.86
Change In Working Capital
15.23
+416.01%
-4.82
+76.05%
-20.13
+31.52%
-29.40
Change In Receivables
-6.75
+20.58%
-8.50
-5148.77%
-0.16
+94.71%
-3.06
Changes In Account Receivables
-6.75
+20.58%
-8.50
-5148.77%
-0.16
+94.71%
-3.06
Change In Inventory
1.43
-35.75%
2.22
+106.50%
-34.13
-39.27%
-24.51
Change In Prepaid Assets
2.28
+291.04%
-1.19
-105.95%
20.07
+125.03%
8.92
Change In Payables And Accrued Expense
6.29
+111.60%
2.97
+139.77%
-7.48
+51.03%
-15.27
Change In Accrued Expense
5.10
+33.61%
3.81
+168.09%
-5.60
+66.02%
-16.48
Change In Payable
1.20
+242.09%
-0.84
+55.15%
-1.88
-254.19%
1.22
Change In Account Payable
1.20
+242.09%
-0.84
+55.15%
-1.88
-254.19%
1.22
Change In Other Working Capital
11.99
+3906.67%
-0.32
-120.05%
1.57
-65.27%
4.52
Investing Cash Flow
-3.35
-25.96%
-2.66
-103.77%
70.41
+175.09%
-93.78
Cash Flow From Continuing Investing Activities
-3.35
-25.96%
-2.66
-103.77%
70.41
+175.09%
-93.78
Net PPE Purchase And Sale
-3.35
-25.96%
-2.66
+53.96%
-5.77
+68.36%
-18.25
Purchase Of PPE
-3.35
-24.28%
-2.69
+53.42%
-5.78
+68.40%
-18.30
Sale Of PPE
0.00
-100.00%
0.04
+260.00%
0.01
-82.46%
0.06
Capital Expenditure
-3.35
-24.28%
-2.69
+53.42%
-5.78
+68.40%
-18.30
Net Investment Purchase And Sale
0.00
0.00
-100.00%
76.19
+200.86%
-75.53
Purchase Of Investment
0.00
0.00
+100.00%
-0.30
+99.61%
-75.53
Sale Of Investment
0.00
0.00
-100.00%
76.48
0.00
Financing Cash Flow
77.76
+5301.47%
-1.50
-755.70%
0.23
-92.09%
2.88
Cash Flow From Continuing Financing Activities
77.76
+5301.47%
-1.50
-755.70%
0.23
-92.09%
2.88
Net Issuance Payments Of Debt
—
—
0.00
0.00
Issuance Of Debt
—
—
—
0.00
Repayment Of Debt
—
—
0.00
0.00
Long Term Debt Issuance
—
—
—
0.00
Long Term Debt Payments
—
—
0.00
0.00
Net Long Term Debt Issuance
—
—
0.00
0.00
Net Common Stock Issuance
81.01
0.00
0.00
0.00
Proceeds From Stock Option Exercised
2.23
+299.11%
0.56
+145.18%
0.23
-92.35%
2.98
Net Other Financing Charges
-5.47
-166.55%
-2.05
—
-0.10
Changes In Cash
61.71
+234.57%
-45.86
-62.75%
-28.18
+89.16%
-260.01
Beginning Cash Position
92.79
-33.08%
138.65
-16.89%
166.83
-60.92%
426.84
End Cash Position
154.50
+66.51%
92.79
-33.08%
138.65
-16.89%
166.83
Free Cash Flow
-16.05
+63.86%
-44.40
+57.55%
-104.60
+44.19%
-187.42
Interest Paid Supplemental Data
0.81
+326.32%
0.19
0.00
—
Common Stock Issuance
81.01
0.00
0.00
0.00
Issuance Of Capital Stock
81.01
0.00
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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