10x Insights
Loading account…
Companies / Health Care / Butterfly Network, Inc.
BFLY

Butterfly Network, Inc.

Health CareMedical Instruments
Ticker BFLYBURLINGTON, MAFiscal year ends DecemberBook value per share $0.70Diluted shares 261.7M

Butterfly Network, Inc. (NYSE: BFLY) develops handheld point-of-care ultrasound devices based on its proprietary Ultrasound-on-Chip semiconductor platform, along with cloud-connected software, services and educational offerings for healthcare systems, clinicians, medical schools and veterinarians. Its Butterfly iQ+… From the company’s description.

Over the twelve months to Sep 30, 2026, Butterfly Network, Inc. reported revenue of $123.25M, up 39.4% from a year earlier, and a net loss of $53.69M. Its operating margin was −46.9%, and operations used $23.40M in cash. In fiscal 2025, it reported revenue of $97.61M, up 19.0% from fiscal 2024, and a net loss of $77.06M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$97.61MFY2025
+19.0% year over year
Last 12 mo $123.25M
-88.53%FY2025
+2.2 percentage points
Last 12 mo -46.91%
$-77.06MFY2025
−6.3% year over year
Last 12 mo $-53.69M
-39.32%FY2025
+3.6 percentage points
Last 12 mo -29.11%
Cash & financing
$-12.70MFY2025
+69.5% year over year
Last 12 mo $-23.40M
$-16.05MFY2025
+63.9% year over year
Last 12 mo $-27.55M
—
247.1MFY2025
+16.7% year over year
Last 12 mo 261.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Butterfly Network, Inc. does

In the company’s own words

Butterfly Network, Inc. (NYSE: BFLY) develops handheld point-of-care ultrasound devices based on its proprietary Ultrasound-on-Chip semiconductor platform, along with cloud-connected software, services and educational offerings for healthcare systems, clinicians, medical schools and veterinarians. Its Butterfly iQ+ and iQ3 probes provide whole-body imaging through a mobile app, while its portfolio also includes the iQ+ Bladder, Butterfly Move cart system, enterprise workflow software, subscriptions and veterinary devices. Compass AI supports health systems’ ultrasound deployment and integration with clinical systems, and Butterfly Embedded licenses its technology for co-development in noncompetitive markets. The company sells through direct sales, distributors and e-commerce, reaching more than 30 countries commercially; its products are used in over 100 countries. Butterfly reported revenue of $97.6 million for fiscal 2025 and employed approximately 220 people as of January 31, 2026. Founded in 2011, the business became Butterfly Network, Inc. following a 2021 business combination with Longview Acquisition Corp. Its website is https://www.butterflynetwork.com.

Company details
Sector
Health Care
Industry (SIC)
Medical Instruments
Headquarters
BURLINGTON, MA
Fiscal year end
December
CIK
1804176
SIC
3844

Financial performance, year by year

Fiscal 2021–2025 · USD
$-197.92M$-110.33M$-22.73M$64.86M$152.45M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Butterfly Network, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

153
funds hold it
1 of 35
superinvestors hold it
$367.12M
held by funds, at market
21.4%
of shares held by funds

Superinvestors in Butterfly Network, Inc. · what they did last quarter

Polen CapitalINCREASED +18.3%
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Butterfly Network, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.05%of fund net assets
Hood River New Opportunities Fund
HRNOX · Manager Directed Portfolios
2.84%of fund net assets
ARK Genomic Revolution ETF
ARKG · ARK ETF Trust
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Butterfly Network, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Butterfly Network, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Butterfly Network, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.