What is Butterfly Network's R&D?

Butterfly Network (BFLY) reported R&D of $9.54M in Q1 2026.

How has Butterfly Network's R&D changed year-over-year?

Butterfly Network's R&D decreased by 3.9% year-over-year, from $9.92M to $9.54M.

What is the long-term trend for Butterfly Network's R&D?

Over 4 years (2021 to 2025), Butterfly Network's R&D has grown at a -16.5% compound annual growth rate (CAGR), from $74.46M to $36.26M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Butterfly Network BFLY R&D

R&D at other companies

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$345M+0.3%

NovantaNOVT

$23.25M+0.1%

Broadcom Inc.AVGO

$3B+11.2%

SS&C TechnologiesSSNC

$134.6M+4.3%

International Business MachinesIBM

$2.17B+11.4%

DoximityDOCS

$39.11M+57.7%

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 ratio4×-2.0×

Where this comes from

Reported directly by Butterfly Network in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: Butterfly Network (BFLY) reported R&D of $9.54M in Q1 2026.
How has Butterfly Network's R&D changed year-over-year?: Butterfly Network's R&D decreased by 3.9% year-over-year, from $9.92M to $9.54M.
What is the long-term trend for Butterfly Network's R&D?: Over 4 years (2021 to 2025), Butterfly Network's R&D has grown at a -16.5% compound annual growth rate (CAGR), from $74.46M to $36.26M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.