What is Butterfly Network's market cap?

Butterfly Network (BFLY) has a market capitalization of $1.8B and trades on NYSE.

What is Butterfly Network's revenue and profitability?

Butterfly Network generated $102.9M in trailing twelve-month revenue with a net loss of $75.8M, representing a net margin of -73.6%. Gross margin stands at 49.2%, with free cash flow of -$38.8M. These figures are based on the Q1 2026 filing.

Who are Butterfly Network's competitors?

Butterfly Network's key competitors include GE HealthCare, Philips, QT Imaging Holdings, Inc. Common Stock, and others. These companies compete in similar markets and product categories.

Who does Butterfly Network partner with?

Butterfly Network's notable partners include Benchmark Electronics, Inc., Bill & Melinda Gates Foundation, Global Ultrasound Institute, and others.

Where is Butterfly Network headquartered?

Butterfly Network is headquartered in United States of America and employs approximately 225 people. It has been publicly traded since 2021.

Butterfly Network

BFLY

Butterfly Network is a medical technology company that pioneered the Ultrasound-on-Chip™ semiconductor platform to democratize medical imaging.

Market cap

$1.85B+313%

Revenue$102.9M+20.2%

Net income-$75.8M-17.1%

Free cash flow-$38.8M+12.5%

EPS (diluted)-$0.30-3.5%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 30, 2026

Revenue$26.5MBeat by $454.4K EPS-$0.03Beat by $0.01

Read the full report

Next report

Jul 30, 2026 (Tomorrow)

Revenue estimate$29.2M

EPS estimate-$0.03

Financials

Q1 2026

Income statement

See full

Revenue$26.5M+25.0%

Gross profit$18.3M+36.7%

Operating income-$13.9M+24.9%

Net income-$12.7M+9.2%

EPS (diluted)-$0.05+16.7%

Balance sheet

See full

Cash & equivalents$142.0M-10.8%

Total debt$19.8M-11.2%

Total equity$191.2M-20.2%

Total assets$285.9M-10.2%

Cash flow

See full

Operating cash flow-$13.9M-19.0%

CapEx$950.0K+169%

Free cash flow-$14.8M-23.4%

Valuation & ratios

Valuation

See full

Market cap$1.85B+313%

Enterprise value$1.73B+395%

P/S18×+12.5×

Profitability

See full

Gross margin49.2%-11.4pp

Operating margin-79.5%-2.4pp

Net margin-73.6%-1.8pp

Returns & leverage

See full

Return on equity-35.2%+9.1pp

Debt / equity0.1×0.0×

Current ratio4×-2.0×

Segments

By segment

See full

Reportable segment$26.5M+25.0%

By product

See full

Software and other services$11.9M+68.2%

Competitors

By market cap

GE HealthCare Technologies$27.8B-21.9%

Philips$24.3B+2.4%

Tenet Healthcare$21.0B+44.2%

Butterfly Network$1.8B+286%

QuidelOrtho Corporation$1.1B-35.0%

Hyperfine, Inc.$95.3M+11.4%

QT Imaging Holdings, Inc.$37.3M—

Healthcare Triangle$3.4M-85.4%

By revenue growth

QT Imaging Holdings, Inc.+259%

Hyperfine, Inc.+30.7%

Butterfly Network+20.2%

GE HealthCare Technologies+6.5%

Tenet Healthcare+5.4%

QuidelOrtho Corporation-3.9%

By net margin

Tenet Healthcare14.55%+3.0pp

GE HealthCare Technologies9.33%-1.9pp

QuidelOrtho Corporation-45.57%-32.6pp

QT Imaging Holdings, Inc.-58.94%+250pp

Butterfly Network-73.63%+1.9pp

Hyperfine, Inc.-226.88%+117pp

Profile

Butterfly Network is a medical technology company that pioneered the Ultrasound-on-Chip™ semiconductor platform to democratize medical imaging. The company provides a handheld, single-probe, whole-body ultrasound solution that replaces traditional, expensive cart-based systems with portable, AI-powered hardware and cloud-connected software. Its core value proposition lies in making point-of-care ultrasound (POCUS) more accessible, affordable, and integrated into clinical workflows across diverse healthcare settings.

Competitive position

A disruptive leader in handheld ultrasound using proprietary semiconductor technology to challenge incumbent piezoelectric crystal-based manufacturers.

GeographiesUnited States, Europe, Australia, United Kingdom, Taiwan

Customer segmentsHealthcare Systems, Veterinary Clinics, Medical Education, Home Care Providers

Business modelHardware-as-a-Service, Subscription SaaS, Licensing, Direct-to-Consumer eCommerce

SuppliersSemiconductor foundries in Taiwan, Lens manufacturers, Contract assembly providers in Thailand

CustomersLarge hospital networks, Emergency medical services, Global health NGOs, At-home health service organizations

CountryUnited States of America

Listed2021

Employees225.0

CEOJoseph DeVivo

SectorHealthcare

IndustryMedical - Devices

Websitebutterflynetwork.com

FilingsSEC EDGAR

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Questions, answered.

What is Butterfly Network's market cap?: Butterfly Network (BFLY) has a market capitalization of $1.8B and trades on NYSE.
What is Butterfly Network's revenue and profitability?: Butterfly Network generated $102.9M in trailing twelve-month revenue with a net loss of $75.8M, representing a net margin of -73.6%. Gross margin stands at 49.2%, with free cash flow of -$38.8M. These figures are based on the Q1 2026 filing.
Who are Butterfly Network's competitors?: Butterfly Network's key competitors include GE HealthCare, Philips, QT Imaging Holdings, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Butterfly Network partner with?: Butterfly Network's notable partners include Benchmark Electronics, Inc., Bill & Melinda Gates Foundation, Global Ultrasound Institute, and others.
Where is Butterfly Network headquartered?: Butterfly Network is headquartered in United States of America and employs approximately 225 people. It has been publicly traded since 2021.