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Butterfly Network BFLY Business Segments — Non-payroll operating expenses

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Other financials

Income statement

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Revenue$32.6M+39.5%
Gross profit$23.3M+56.4%
Operating income-$13.7M+15.1%
Net income-$12.9M+6.7%
EPS (diluted)-$0.05+16.7%

Balance sheet

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Cash & equivalents$128.7M-15.4%
Total debt$19.1M-11.8%
Total equity$189.4M-18.6%
Total assets$283.0M-9.7%

Cash flow

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Operating cash flow-$16.3M-127%
CapEx$974.0K+8.7%
Free cash flow-$17.2M-114%

Valuation

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Market cap$2.21B+536%
Enterprise value$2.1B+868%
P/S19.7×+15.7×

Profitability

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Gross margin52.6%-9.3pp
Operating margin-70.8%-6.7pp
Net margin-66.7%-4.4pp
FCF margin-31.1%-11.4pp

Returns & leverage

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Return on equity-35.5%+9.2pp
Debt / equity0.1×0.0×
Current ratio4.1×-1.6×

Where this comes from

Reported directly by Butterfly Network in its filing.

Tagged under the XBRL concept us-gaap:OperatingCostsAndExpenses.

The source filing: Butterfly Network’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 7:31 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001804176-26-000027
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Cost of revenue (excluding write-downs of inventories and vendor advances)9,3248,47817,56816,270
Write-downs of inventories and vendor advances1466
Payroll operating expenses14,79012,95830,09227,466
Stock-based compensation operating expenses6,8915,86412,30312,148
Non-payroll operating expenses11,68310,18222,74220,533
Other3,5881,9873,9732,691
Other segment items(754)(2,266)(1,949)(6,765)
Net loss$(12,910)$(13,834)$(25,587)$(27,801)

Item 1. Financial Statements

FAQ

What is Butterfly Network's business segments — non-payroll operating expenses?
Butterfly Network (BFLY) reported business segments — non-payroll operating expenses of $11.68M in Q2 2026.
How has Butterfly Network's business segments — non-payroll operating expenses changed year-over-year?
Butterfly Network's business segments — non-payroll operating expenses increased by 14.7% year-over-year, from $10.18M to $11.68M.
What is the long-term trend for Butterfly Network's business segments — non-payroll operating expenses?
Over 3 years (2022 to 2025), Butterfly Network's business segments — non-payroll operating expenses has grown at a -15.6% compound annual growth rate (CAGR), from $71.24M to $42.89M.
What does business segments — non-payroll operating expenses mean?
This metric encompasses all operating costs for the reportable segment that are not related to payroll, such as marketing, research and development materials, and administrative overhead. It provides insight into the discretionary spending and operational leverage of the segment outside of personnel costs. Tracking this helps evaluate the company's ability to manage overhead while scaling operations.

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