InsiderClue
Stocks · Health care · X-Ray Apparatus & Tubes & Related Irradiation Apparatus

Butterfly Network, Inc.

BFLY Clue Score53
United States Fiscal year ends December CIK 0001804176
$8.25 +2.74% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $8.25 −22.68% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 13 Jul 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue27.6Operating income−102.3Net income−99.7EPS, diluted−17.08Fiscal year 2020Revenue46.3 +67.7%Operating income−3.8Net income−132.2EPS, diluted−26.87Fiscal year 2021Revenue62.6 +35.3%Operating income−192.7Net income−32.4EPS, diluted−0.19Fiscal year 2022Revenue73.4 +17.3%Operating income−193.0Net income−168.7EPS, diluted−0.84Fiscal year 2023Revenue65.9 −10.2%Operating income−145.6Net income−133.7EPS, diluted−0.65Fiscal year 2024Revenue82.1 +24.5%Operating income−74.4Net income−72.5EPS, diluted−0.34Fiscal year 2025Revenue97.6 +19.0%Operating income−86.4Net income−77.1EPS, diluted−0.31
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 27.6 46.3 62.6 73.4 65.9 82.1 97.6
Growth +67.7% +35.3% +17.3% −10.2% +24.5% +19.0%
Operating income −102.3 −3.8 −192.7 −193.0 −145.6 −74.4 −86.4
Net income −99.7 −132.2 −32.4 −168.7 −133.7 −72.5 −77.1
Growth
EPS, diluted −17.08 −26.87 −0.19 −0.84 −0.65 −0.34 −0.31

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin−75.8%Operating margin−370.9%Net margin−361.4%Free cash flow margin−452.8%Fiscal year 2020Gross margin−132.4%Operating margin−8.2%Net margin−285.8%Free cash flow margin−7.7%Fiscal year 2021Gross margin27.3%Operating margin−308.0%Net margin−51.8%Free cash flow margin−315.0%Fiscal year 2022Gross margin53.8%Operating margin−263.0%Net margin−229.9%Free cash flow margin−255.4%Fiscal year 2023Gross margin25.6%Operating margin−221.0%Net margin−202.9%Free cash flow margin−158.7%Fiscal year 2024Gross margin59.5%Operating margin−90.7%Net margin−88.3%Free cash flow margin−54.1%Fiscal year 2025Gross margin46.9%Operating margin−88.5%Net margin−79.0%Free cash flow margin−16.4%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin −75.8% −132.4% 27.3% 53.8% 25.6% 59.5% 46.9%
Operating margin −370.9% −8.2% −308.0% −263.0% −221.0% −90.7% −88.5%
Net margin −361.4% −285.8% −51.8% −229.9% −202.9% −88.3% −79.0%
Free cash flow margin −452.8% −7.7% −315.0% −255.4% −158.7% −54.1% −16.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−120.4Capital expenditure−4.5Free cash flow−124.9Fiscal year 2020Operating cash flow−1.2Capital expenditure−2.4Free cash flow−3.5Fiscal year 2021Operating cash flow−189.2Capital expenditure−7.9Free cash flow−197.1Fiscal year 2022Operating cash flow−169.1Capital expenditure−18.3Free cash flow−187.4Fiscal year 2023Operating cash flow−98.8Capital expenditure−5.8Free cash flow−104.6Fiscal year 2024Operating cash flow−41.7Capital expenditure−2.7Free cash flow−44.4Fiscal year 2025Operating cash flow−12.7Capital expenditure−3.3Free cash flow−16.0
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −120.4 −1.2 −189.2 −169.1 −98.8 −41.7 −12.7
Capital expenditure −4.5 −2.4 −7.9 −18.3 −5.8 −2.7 −3.3
Free cash flow −124.9 −3.5 −197.1 −187.4 −104.6 −44.4 −16.0
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2019Cash90.0Shareholders’ equity−212.3Fiscal year 2020Cash60.2Shareholders’ equity−361.9Fiscal year 2021Cash422.8Shareholders’ equity447.7Fiscal year 2022Cash162.6Shareholders’ equity325.4Fiscal year 2023Cash134.4Shareholders’ equity220.1Fiscal year 2024Cash88.8Shareholders’ equity168.8Fiscal year 2025Cash150.5Shareholders’ equity196.0
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 90.0 60.2 422.8 162.6 134.4 88.8 150.5
Shareholders’ equity −212.3 −361.9 447.7 325.4 220.1 168.8 196.0

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−75.8% −132.4% 27.3% 53.8% 25.6% 59.5% 46.9%
−370.9% −8.2% −308.0% −263.0% −221.0% −90.7% −88.5%
−361.4% −285.8% −51.6% −229.8% −202.8% −88.4% −78.8%
−361.4% −285.8% −51.8% −229.9% −202.9% −88.3% −79.0%
−452.8% −7.7% −315.0% −255.4% −158.7% −54.1% −16.4%
Spending
177.4% 107.5% 119.0% 120.0% 84.4% 46.1% 37.1%
65.9% 52.7% 137.0% 105.7% 75.3% 48.5% 40.2%
16.2% 5.1% 12.6% 24.9% 8.8% 3.3% 3.4%
Returns
n/a n/a −7.2% −51.9% −60.8% −42.9% −39.3%
n/a −89.8% −5.7% −40.4% −43.9% −28.3% −26.0%
Balance and payout
n/a 100.7% 21.7% 22.1% 27.7% 34.1% 33.9%