7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 16.1% per year over the past 5 years.
Operating margin has contracted, at -88.5% in the latest year.
Financial health
Operating income covered interest expense -58.0× in the latest year.
The company is unprofitable; at its current free-cash-flow burn it has roughly 9.4 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$98M
-$77M
46.9%
-88.5%
-$16M
—
$150M
2024
$82M
-$73M
59.5%
-90.7%
-$44M
—
$89M
2023
$66M
-$134M
25.6%
-221.0%
-$105M
—
$134M
2022
$73M
-$169M
53.8%
-263.0%
-$187M
—
$163M
2021
$63M
-$32M
27.3%
-308.0%
-$197M
—
$423M
2020
$46M
-$132M
-132.4%
-8.2%
-$4M
—
$60M
2019
$28M
-$100M
-75.8%
-370.9%
-$125M
—
$90M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$27M
-$13M
68.9%
-52.3%
-$15M
—
$138M
Dec '25
$32M
-$15M
67.3%
-53.0%
$8M
—
$150M
Sep '25
$21M
-$34M
-17.5%
-163.5%
-$4M
—
$144M
Jun '25
$23M
-$14M
63.7%
-68.9%
-$8M
—
$148M
Mar '25
$21M
-$14M
63.0%
-87.0%
-$12M
—
$155M
Dec '24
$22M
-$18M
61.5%
-77.5%
-$4M
—
$89M
Sep '24
$21M
-$17M
59.5%
-83.9%
-$8M
—
$94M
Jun '24
$21M
-$16M
58.6%
-80.2%
-$11M
—
$102M
Mar '24
$18M
-$22M
58.2%
-128.1%
-$22M
—
$113M
Dec '23
$17M
-$44M
-75.9%
-282.9%
-$16M
—
$134M
Sep '23
$15M
-$27M
60.8%
-211.2%
-$17M
—
$150M
Jun '23
$18M
-$29M
59.1%
-169.1%
-$27M
—
$167M
Mar '23
$15M
-$34M
58.7%
-226.5%
-$45M
—
$194M
Dec '22
$19M
-$34M
50.3%
-258.1%
-$31M
—
$163M
Sep '22
$20M
-$55M
56.0%
-234.6%
-$47M
—
$193M
Jun '22
$19M
-$36M
55.0%
-252.2%
-$51M
—
$311M
Mar '22
$16M
-$44M
53.6%
-318.0%
-$59M
—
$360M
Dec '21
$19M
-$15M
39.7%
-238.6%
-$47M
—
$423M
Sep '21
$15M
-$14M
-35.0%
-389.8%
-$48M
—
$153M
Jun '21
$17M
-$3M
49.8%
-222.2%
-$37M
—
$20M
Valuation over time
How the market has priced BFLY against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 6.6× (Mar '23) to 21.1× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is BFLY growing its revenue and profit?
Over the past 5 years, Butterfly Network, Inc.'s revenue has grown 16.1% per year. These are computed facts, not advice.
How much debt does BFLY have?
As of FY2025, Butterfly Network, Inc. reported — of total debt against $150M of cash; operating income covered interest expense -58.0×.
What is BFLY's profit margin?
In FY2025, gross margin was 46.9%, operating margin -88.5%, and net margin -79.0%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.