Butterfly Network, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $97.6M | $82.1M | $65.9M | $73.4M | $62.6M |
| Cost of revenue | $51.9M | $33.2M | $49.0M | $33.9M | $45.5M |
| Gross profit | $45.7M | $48.8M | $16.9M | $39.5M | $17.1M |
| Research and development | $36.3M | $37.8M | $55.6M | $88.0M | $74.5M |
| Operating expenses | $132.1M | $123.2M | $162.5M | $232.5M | $209.8M |
| Operating income | -$86.4M | -$74.4M | -$145.6M | -$193.0M | -$192.7M |
| Interest expense | $1.5M | $1.3M | $0 | $2,000 | $651,000 |
| Pretax income | -$77.0M | -$72.5M | -$133.6M | -$168.7M | -$32.3M |
| Income tax expense | $110,000 | -$32,000 | $82,000 | $42,000 | $121,000 |
| Net income | -$77.1M | -$72.5M | -$133.7M | -$168.7M | -$32.4M |
| Balance Sheet | |||||
| Cash and equivalents | $150.5M | $88.8M | $134.4M | $162.6M | $422.8M |
| Current assets | $249.1M | $192.6M | $231.3M | $357.1M | $511.9M |
| Total assets | $296.5M | $256.1M | $304.3M | $417.6M | $572.0M |
| Current liabilities | $65.1M | $48.2M | $44.3M | $51.3M | $49.8M |
| Total liabilities | $100.6M | $87.2M | $84.2M | $92.2M | $124.3M |
| Stockholders' equity | $196.0M | $168.8M | $220.1M | $325.4M | $447.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$12.7M | -$41.7M | -$98.8M | -$169.1M | -$189.2M |
| Depreciation and amortization | $6.7M | $8.9M | $8.7M | $5.9M | $2.1M |
| Stock-based compensation | $23.4M | $21.0M | $27.5M | $42.5M | $47.8M |
| Capital expenditure | $3.3M | $2.7M | $5.8M | $18.3M | $7.9M |
| Free cash flow | -$16.0M | -$44.4M | -$104.6M | -$187.4M | -$197.1M |
| Impairments | — | — | — | $0 | $0 |
Shares outstanding 261.3M · Free float 15.8%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.