Butterfly Network/$BFLY

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About Butterfly Network

Butterfly Network Inc is a digital health business transforming care with handheld, whole-body ultrasound. Powered by its proprietary Ultrasound-on-Chip technology, its solution enables the acquisition of imaging information from an affordable, powerful device that fits in a healthcare professional's pocket with a combination of cloud-connected software and hardware technology that is easily accessed through a mobile application. Butterfly iQ+ is an ultrasound device that can perform whole-body imaging in a single handheld probe using semiconductor technology. The company operates in one reportable segment, which includes all activities related to the development, manufacture, and sale of the Company's products, software, and other services.
Ticker
$BFLY
Sector
Health
Primary listing
NYSE
Employees
220

BFLY Metrics

BasicAdvanced
$2.1B
-
-$0.29
2.05
-

What the Analysts think about BFLY

Analyst ratings (Buy, Hold, Sell) for Butterfly Network stock.
Analyst projections of the future price of Butterfly Network stock.

Bulls say / Bears say

Butterfly delivered strong operating momentum in Q2 2026, with revenue up 39% year over year to $32.6 million, gross margin reaching 71%, and full-year revenue guidance raised to $119 million-$123 million. (Butterfly Network)
The business is shifting toward higher-value software and services: Q2 software and other services revenue increased 149.8% year over year, and software represented 51.8% of revenue, helped by Embedded partnerships such as Midjourney. (SEC)
Butterfly is expanding the strategic value of its Ultrasound-on-Chip platform: its automated gestational-age AI tool received FDA clearance in March, and the September licensing agreement with Merge Labs opens a potential brain-computer-interface application. (Butterfly Network; Butterfly Network)
Butterfly remains unprofitable and cash-flow negative: it posted a $25.6 million net loss and used $30.2 million in operating cash during the first half of 2026. (SEC)
Underlying probe momentum is less robust than headline growth suggests: first-half product revenue declined 1.3% year over year, while much of the increase came from software and Embedded partnerships, including a customer that represented more than 10% of quarterly revenue. (SEC)
Shareholder dilution remains a risk: Class A shares outstanding increased from 227.3 million at December 31, 2025 to 238.0 million at June 30, 2026, while the company recorded $12.6 million of stock-based compensation and reported 22.8 million anti-dilutive common-equivalent shares. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.

BFLY Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

BFLY Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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