Butterfly Network Financial Statements
NYSE: BFLYHealth CareMedical ElectronicsUSD
Market open · Delayed 15 min · as of Oct 9, 1:43 PM ET
Butterfly Network revenue and earnings
In fiscal 2025, Butterfly Network generated $97.6 million in revenue, up 19.0% from fiscal 2024, its 2nd consecutive year of revenue growth. Butterfly Network reported a net loss of $77.1 million, compared with a loss of $72.5 million a year earlier. Gross margin was 46.9% (down from 59.5%) and operating margin -88.5%.
Diluted earnings per share came in at -$0.31. Over the last 5 fiscal years, BFLY's revenue has grown at a 16.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Butterfly Network income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 |
|---|---|---|---|---|---|---|---|
| Revenue | 97.61M | 82.06M | 65.90M | 73.39M | 62.56M | 46.25M | 27.58M |
| Revenue growth (YoY) | +18.96% | +24.52% | -10.21% | +17.30% | +35.27% | +67.68% | — |
| Cost of Revenue | 51.88M | 33.23M | 49.04M | 33.93M | 45.51M | 107.47M | 48.48M |
| Gross Profit | 45.73M | 48.83M | 16.86M | 39.46M | 17.05M | -61.22M | -20.89M |
| Operating Expenses | 132.15M | 123.24M | 162.47M | 232.48M | 209.78M | 100.40M | 81.40M |
| Research & Development | 36.26M | 37.80M | 55.62M | 88.04M | 74.46M | 49.74M | 48.93M |
| Selling, General & Admin | 85.11M | 81.38M | 88.69M | 137.09M | 135.32M | 50.66M | 32.47M |
| Operating Income | -86.42M | -74.41M | -145.61M | -193.02M | -192.73M | -161.62M | -102.30M |
| Interest Expense | 1.49M | 1.26M | 0 | 2.00K | 651.00K | 1.14M | — |
| Other Income (Expense) | 2.77M | -13.00K | -2.00K | 98.00K | -2.58M | -231.00K | -96.00K |
| Pretax Income | -76.95M | -72.52M | -133.62M | -168.68M | -32.29M | -162.71M | -99.70M |
| Income Tax | 110.00K | -32.00K | 82.00K | 42.00K | 121.00K | 39.00K | — |
| Net Income | -77.06M | -72.49M | -133.70M | -168.72M | -32.41M | -162.75M | -99.70M |
| Net Income growth (YoY) | — | — | — | — | — | — | — |
| EPS (Basic) | -0.31 | -0.34 | -0.65 | -0.84 | -0.19 | -26.87 | -17.08 |
| EPS (Diluted) | -0.31 | -0.34 | -0.65 | -0.84 | -0.19 | -26.87 | -17.08 |
| Shares Outstanding (Basic) | 247.12M | 211.68M | 205.39M | 199.85M | 173.81M | 6.06M | 5.84M |
| Shares Outstanding (Diluted) | 247.12M | 211.68M | 205.39M | 199.85M | 173.81M | 6.06M | 5.84M |
| EBITDA | -79.72M | -65.51M | -136.91M | -187.12M | -190.63M | -160.30M | -101.54M |
| Gross Margin | 46.85% | 59.51% | 25.58% | 53.77% | 27.26% | -132.37% | -75.75% |
| Operating Margin | -88.53% | -90.68% | -220.96% | -263.01% | -308.04% | -349.43% | -370.87% |
| Net Margin | -78.95% | -88.34% | -202.88% | -229.90% | -51.80% | -351.87% | -361.44% |
This table shows 7 annual periods of Butterfly Network's income statement, from FY 2025 back to FY 2019, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow BFLY's reporting calendar. What is a income statement?