# Butterfly Network Inc. (BFLY)

**Exchange:** NYSE  
**Sector:** Healthcare  
**Market cap:** $1.35B  
**Price:** $5.46 (+1.39%)

> Butterfly Network Inc. is a digital health company specializing in portable, semiconductor-based ultrasound technology. It develops and commercializes whole-body handheld ultrasound probes, including the Butterfly iQ+, iQ3, iQ+ Bladder for specialized bladder scanning, and iQ+ Vet for veterinary applications, all powered by patented Ultrasound-on-Chip™ technology. These single-probe devices enable real-time imaging across multiple specialties and integrate with cloud-based software, advanced AI tools like Compass AI™ for workflow management, ambient documentation, and quality assurance, as well as enterprise platforms for hospital networks. The solutions support point-of-care ultrasound (POCUS) in diverse settings, from individual practices and health systems to medical education and global health initiatives in limited-resource areas. Butterfly Network Inc. serves clinicians, healthcare providers, veterinarians, and organizations worldwide, enhancing clinical decision-making, improving efficiencies, and promoting accessible medical imaging. Founded in 2011 and headquartered in Burlington, Massachusetts, the company drives innovation in democratizing ultrasound for better patient outcomes.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $98M | $46M | -$86M | -$77M | — |
| 2024 | $82M | $49M | -$74M | -$72M | — |
| 2023 | $66M | $17M | -$146M | -$134M | — |
| 2022 | $73M | $39M | -$193M | -$169M | — |
| 2021 | $63M | $17M | -$193M | -$32M | — |
| 2020 | $46M | -$61M | -$4M | -$132M | — |
| 2019 | $28M | -$21M | -$102M | -$100M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $297M | $101M | $196M | $150M | — |
| 2024 | $256M | $87M | $169M | $89M | — |
| 2023 | $304M | $84M | $220M | $134M | — |
| 2022 | $418M | $92M | $325M | $163M | — |
| 2021 | $572M | $124M | $448M | $423M | — |
| 2020 | $147M | $148M | -$362M | $60M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$13M | $3M | -$16M |
| 2024 | -$42M | $3M | -$44M |
| 2023 | -$99M | $6M | -$105M |
| 2022 | -$169M | $18M | -$187M |
| 2021 | -$189M | $8M | -$197M |
| 2020 | -$1M | $2M | -$4M |
| 2019 | -$120M | $4M | -$125M |

Source: [CompaniesByCap](https://companiesbycap.com/company/BFLY)