BFLY
Butterfly Network, Inc.
BFLY lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.
BFLY Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
BFLY's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
BFLY PE Valuation
BFLY has no meaningful PE right now: it lost money over the past year.
BFLY Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect BFLY's losses to shrink, with revenue growing.
BFLY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.21 | +$0.13 |
| Q2 2026 | -$0.29 | $0.00 |
| Q1 2026 | -$0.30 | $0.00 |
| Q4 2025 | -$0.31 | +$0.03 |
| Q3 2025 | -$0.34 | +$0.12 |
| Q2 2025 | -$0.29 | +$0.22 |
| Q1 2025 | -$0.30 | +$0.28 |
| Q4 2024 | -$0.34 | +$0.31 |
BFLY is still losing money, but far less than before: $0.21 per share over the past year, against $0.84 at its worst in late 2022.
BFLY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $32.6M | +52% |
| Q2 2026 | $32.6M | +39% |
| Q1 2026 | $26.5M | +25% |
| Q4 2025 | $31.5M | +41% |
| Q3 2025 | $21.5M | +4.5% |
| Q2 2025 | $23.4M | +8.8% |
| Q1 2025 | $21.2M | +20% |
| Q4 2024 | $22.4M | +35% |
BFLY's revenue has grown year over year for 11 quarters in a row: $33M last quarter, up 52% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -42% | +122 points |
| Q2 2026 | -42% | +27 points |
| Q1 2026 | -52% | +35 points |
| Q4 2025 | -53% | +24 points |
| Q3 2025 | -164% | -80 points |
| Q2 2025 | -69% | +11 points |
| Q1 2025 | -87% | +41 points |
| Q4 2024 | -77% | +206 points |
BFLY's operating margin was −42% last quarter, up 122 points from the same quarter a year ago, near the top of its range since 2019.
BFLY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.4M | +$492K |
| Q2 2026 | -$17.2M | -$9.2M |
| Q1 2026 | -$14.8M | -$2.8M |
| Q4 2025 | $7.9M | +$11.5M |
| Q3 2025 | -$3.9M | +$4.4M |
| Q2 2025 | -$8.1M | +$2.7M |
| Q1 2025 | -$12M | +$9.8M |
| Q4 2024 | -$3.5M | +$12.1M |
BFLY has burned cash in almost every quarter: −$28M over the past year, against −$28M the year before.
BFLY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.7% | +4.4M shares |
| 1 year | +5.7% | +14.4M shares |
| 3 years | +29% | +59.8M shares |
| 5 years | +36% | +70.4M shares |
BFLY has 266M diluted shares, up 5.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2020 | — |
| Q4 2019 | — |
BFLY Net Leverage
BFLY's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
BFLY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.3 | Neutral |
| Stochastic | 11.0 | Oversold |
BFLY's weekly RSI is 48 (neutral) and its Stochastic is 11 (oversold).
BFLY PE vs Healthcare Sector
BFLY has no meaningful PE right now: it lost money over the past year.
BFLY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $7.50 | 11% below |
| 20 week MA | $7.71 | 13% below |
| 50 week MA | $5.72 | 17% above |
| 100 week MA | $4.12 | 62% above |
| 200 week MA | $2.87 | 132% above |
BFLY has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 132% above its 200-week average.
BFLY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.1 | $21.1 | +108% |
| 2021 | $21.1 | $7.39 | -65% |
| 2022 | $7.39 | $2.36 | -68% |
| 2023 | $2.36 | $1.08 | -54% |
| 2024 | $1.08 | $3.46 | +220% |
| 2025 | $3.46 | $3.85 | +11% |
| 2026 YTD | $3.85 | $6.67 | +73% |
BFLY's yearly returns have swung widely, from +220% in 2024 to −68% in 2022. It's up 73% so far in 2026.