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Butterfly Network BFLY Free cash flow margin

Free cash flow margin at other companies

GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
7.2%
Novanta logo
NovantaNOVT
6.8%-8.1pp
Tenet Healthcare logo
Tenet HealthcareTHC
15.6%
Broadcom Inc. logo
Broadcom Inc.AVGO
43.4%+3.6pp
SS&C Technologies logo
SS&C TechnologiesSSNC
26.5%+2.8pp
Ingram Micro logo
Ingram MicroINGM
0%-0.2pp

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

Returns & leverage

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Return on equity-35.2%+9.1pp
Debt / equity0.1×0.0×
Current ratio-2.0×

Where this comes from

Calculated from Butterfly Network’s reported figures.

Based on trailing twelve months.

The official record: Butterfly Network’s 10-Q, filed October 31, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Butterfly Network's free cash flow margin?
Butterfly Network (BFLY) reported free cash flow margin of -31.1% in Q3 2025.
How has Butterfly Network's free cash flow margin changed year-over-year?
Butterfly Network's free cash flow margin increased by 58.0% year-over-year, from -74.1% to -31.1%.
What is the long-term trend for Butterfly Network's free cash flow margin?
Over 4 years (2020 to 2024), Butterfly Network's free cash flow margin has grown at a -26.1% compound annual growth rate (CAGR), from -181.8% to -54.1%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.