What is Butterfly Network's cash ratio?

Butterfly Network (BFLY) reported cash ratio of 2.4× in Q1 2026.

How has Butterfly Network's cash ratio changed year-over-year?

Butterfly Network's cash ratio decreased by 36.4% year-over-year, from 3.7× to 2.4×.

What is the long-term trend for Butterfly Network's cash ratio?

Over 5 years (2020 to 2025), Butterfly Network's cash ratio has grown at a 300.6% compound annual growth rate (CAGR), from 0× to 2.4×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Butterfly Network BFLY Cash ratio

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Other financials

Income statement

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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

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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

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Operating cash flow-$13.9M-19.0%

CapEx$950.0K+169%

Free cash flow-$14.8M-23.4%

Valuation

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Market cap$2.01B+85.7%

Enterprise value$1.88B+117%

P/S19.5×+6.9×

Profitability

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Gross margin49.2%-11.4pp

Operating margin-79.5%-2.4pp

Net margin-73.6%-1.8pp

FCF margin-31.1%-11.4pp

Returns & leverage

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Return on equity-35.2%+9.1pp

Debt / equity0.1×0.0×

Current ratio4×-2.0×

Where this comes from

Calculated from Butterfly Network’s reported figures.

cash and equivalents/total current liabilities=2.4×

Based on the most recent quarter.

The official record: Butterfly Network’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Butterfly Network's cash ratio?: Butterfly Network (BFLY) reported cash ratio of 2.4× in Q1 2026.
How has Butterfly Network's cash ratio changed year-over-year?: Butterfly Network's cash ratio decreased by 36.4% year-over-year, from 3.7× to 2.4×.
What is the long-term trend for Butterfly Network's cash ratio?: Over 5 years (2020 to 2025), Butterfly Network's cash ratio has grown at a 300.6% compound annual growth rate (CAGR), from 0× to 2.4×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.