Butterfly Network Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	97.61	82.06	65.9	73.39	62.57
Revenue Growth (YoY)	18.95%	24.52%	-10.21%	17.30%	35.27%
Cost of Revenue	51.88	33.23	49.04	33.93	45.51
Gross Profit	45.73	48.83	16.86	39.46	17.05
Selling, General & Admin	85.11	81.38	88.69	137.09	135.32
Research & Development	36.26	37.8	55.62	88.04	74.46
Other Operating Expenses	10.78	4.07	18.16	7.35	-
Total Operating Expenses	132.15	123.24	162.47	232.48	209.78
Operating Income	-86.42	-74.41	-145.61	-193.02	-192.73
Interest Income	5.91	5.02	7.45	3.38	2.57
Interest Expense	-1.49	-1.26	-	-0	-0.65
Other Non-Operating Income (Expense)	5.04	-1.87	4.54	20.96	158.52
Total Non-Operating Income (Expense)	9.46	1.89	11.99	24.34	160.44
Pretax Income	-76.95	-72.52	-133.62	-168.68	-32.29
Provision for Income Taxes	0.11	-0.03	0.08	0.04	0.12
Net Income	-77.06	-72.49	-133.7	-168.72	-32.41
Net Income to Common	-77.06	-72.49	-133.7	-168.72	-32.41
Shares Outstanding (Basic)	247	212	205	200	174
Shares Outstanding (Diluted)	247	212	205	200	174
Shares Change (YoY)	16.74%	3.07%	2.77%	14.98%	2769.78%
EPS (Basic)	-0.31	-0.34	-0.65	-0.84	-0.19
EPS (Diluted)	-0.31	-0.34	-0.65	-0.84	-0.19
Shares Outstanding	252.6	213.06	207.65	200.89	198.04
Free Cash Flow	-16.05	-44.4	-104.6	-187.42	-197.06
Free Cash Flow Per Share	-0.06	-0.21	-0.51	-0.94	-1.13
Gross Margin	46.85%	59.51%	25.58%	53.77%	27.26%
Operating Margin	-88.53%	-90.68%	-220.96%	-263.01%	-308.04%
Profit Margin	-78.95%	-88.34%	-202.88%	-229.90%	-51.80%
FCF Margin	-16.44%	-54.11%	-158.73%	-255.37%	-314.98%
EBITDA	-78.33	-64.07	-135.04	-187.09	-190.64
EBITDA Margin	-80.25%	-78.08%	-204.91%	-254.92%	-304.70%
EBIT	-86.42	-74.41	-145.61	-193.02	-192.73
EBIT Margin	-88.53%	-90.68%	-220.96%	-263.01%	-308.04%
Effective Tax Rate	-0.14%	0.04%	-0.06%	-0.02%	-0.37%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q