What are Butterfly Network's profit margins?

Butterfly Network (BFLY) runs a 49.2% gross margin and a -79.5% operating margin, with a -73.6% net margin.

Where do Butterfly Network's ratios come from?

Every ratio is computed from Butterfly Network's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Butterfly Network BFLY Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	46.9%-12.7pp	59.5%—	——	53.8%+26.5pp
Operating margin	-88.5%+2.2pp	-90.7%+130pp	-220.9%+42.1pp	-263%+45.0pp
Net margin	-79%+9.4pp	-88.3%+115pp	-202.9%+27.0pp	-229.9%-178pp
Returns
Return on equity	-42.2%-5.0pp	-37.3%+11.7pp	-49%-5.4pp	-43.7%—
Return on assets	-27.9%-2.0pp	-25.9%+11.2pp	-37%-2.9pp	-34.1%-25.1pp
Return on invested capital	-107.5%-35.0pp	-72.5%+24.2pp	-96.7%+58.6pp	-155.3%—
Efficiency
Asset turnover	0.4×+0.1×	0.3×+0.1×	0.2×0.0×	0.1×0.0×
Inventory turnover	0.8×+0.3×	0.5×-0.3×	0.7×0.0×	0.7×-0.8×
Liquidity
Current ratio	3.8×-0.2×	4×-1.2×	5.2×-1.7×	7×-3.3×
Quick ratio	2.9×+0.4×	2.5×-1.0×	3.6×-2.2×	5.8×-3.8×
Cash ratio	2.4×+0.4×	1.9×-1.2×	3.1×0.0×	3.2×-5.3×
Leverage
Debt-to-equity	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Debt-to-assets	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Interest coverage	-58×+1.0×	-59×—	——	——
Per Share
Book value per share	$0.79-0.6%	$0.80-25.6%	$1.07-34.2%	$1.63-36.8%
Valuation
Market capitalization	$959.89M+44.4%	$664.75M+197%	$223.69M-54.7%	$493.39M-62.6%
Enterprise value	$825.78M+38.8%	$594.8M+440%	$110.07M-69.7%	$362.72M-60.8%
Price / sales	9.8×+1.7×	8.1×+4.7×	3.4×-3.3×	6.7×-14.4×
Price / book	4.9×+1.0×	3.9×+2.9×	1×-0.5×	1.5×-1.4×
EV / sales	8.5×+1.2×	7.2×+5.6×	1.7×-3.3×	4.9×-9.9×
Earnings yield	-8%+2.9pp	-10.9%+48.9pp	-59.8%-25.6pp	-34.2%-31.7pp

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Questions, answered.

What are Butterfly Network's profit margins?: Butterfly Network (BFLY) runs a 49.2% gross margin and a -79.5% operating margin, with a -73.6% net margin.
Where do Butterfly Network's ratios come from?: Every ratio is computed from Butterfly Network's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.