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Butterfly Network BFLY Operating margin

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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
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

Calculated from Butterfly Network’s reported figures.

Based on trailing twelve months.

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

Filed
Jul 30, 2026, 7:31 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001804176-26-000027

FAQ

What is Butterfly Network's operating margin?
Butterfly Network (BFLY) reported operating margin of -70.8% in Q2 2026.
How has Butterfly Network's operating margin changed year-over-year?
Butterfly Network's operating margin increased by 10.4% year-over-year, from -79% to -70.8%.
What is the long-term trend for Butterfly Network's operating margin?
Over 5 years (2020 to 2025), Butterfly Network's operating margin has grown at a 7.2% compound annual growth rate (CAGR), from -62.7% to -88.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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