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Butterfly Network BFLY Operating margin

Operating margin at other companies

GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
12.6%-1.1pp
ROP
Roper Technologies, Inc.ROP
28.1%-0.1pp
Novanta logo
NovantaNOVT
8.9%-3.5pp
Tenet Healthcare logo
Tenet HealthcareTHC
18%+0.4pp
Broadcom Inc. logo
Broadcom Inc.AVGO
43.4%+7.4pp
SS&C Technologies logo
SS&C TechnologiesSSNC
23.1%+0.1pp

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
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

Calculated from Butterfly Network’s reported figures.

Based on trailing twelve months.

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 operating margin?
Butterfly Network (BFLY) reported operating margin of -79.5% in Q1 2026.
How has Butterfly Network's operating margin changed year-over-year?
Butterfly Network's operating margin increased by 3.1% year-over-year, from -82.1% to -79.5%.
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 -22.1% compound annual growth rate (CAGR), from -309.6% 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.