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Butterfly Network BFLY Work in process

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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 ratio-2.0×

Where this comes from

Reported directly by Butterfly Network in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

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 work in process?
Butterfly Network (BFLY) reported work in process of $7.87M in Q1 2026.
How has Butterfly Network's work in process changed year-over-year?
Butterfly Network's work in process increased by 71.3% year-over-year, from $4.6M to $7.87M.
What does work in process mean?
Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.