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Other financials

Income statement

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Revenue$32.6M+39.5%
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:GrossProfit.

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
Product7,3706,67013,72512,494
Software and other services1,9541,8223,8433,842
Total cost of revenue9,3248,49217,56816,336
Gross profit23,28814,89141,57428,272
Operating expenses:
Research and development10,5428,31520,08018,239
Sales and marketing11,46711,55922,88423,179
General and administrative11,3559,13022,17318,729

Item 1. Financial Statements

FAQ

What is Butterfly Network's gross profit?
Butterfly Network (BFLY) reported gross profit of $23.29M in Q2 2026.
How has Butterfly Network's gross profit changed year-over-year?
Butterfly Network's gross profit increased by 56.4% year-over-year, from $14.89M to $23.29M.
What is the long-term trend for Butterfly Network's gross profit?
Over 3 years (2021 to 2025), Butterfly Network's gross profit has grown at a 38.9% compound annual growth rate (CAGR), from $17.05M to $45.74M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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