Butterfly Network, Inc. (BFLY) stock
BFLYNYSEX-Ray Apparatus & Tubes & Related Irradiation ApparatusFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 6/30258% above fair value
$6.67−0.47 (-6.58%)
Close on Nov 12, 2026Market cap $1.78BP/E –Yield 0.00%
Butterfly Network gross margin
Gross margin is gross profit as a percentage of revenue.
Butterfly Network's gross margin for the twelve months ending Sep 30, 2026 was 70.3%. For fiscal 2025 it was 46.9%, against 59.5% the year before. The highest annual figure on record is 59.5% in fiscal 2024.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 46.9% | −12.7 |
| FY2024 | Dec 31, 2024 | 59.5% | +33.9 |
| FY2023 | Dec 31, 2023 | 25.6% | −28.2 |
| FY2022 | Dec 31, 2022 | 53.8% | +26.5 |
| FY2021 | Dec 31, 2021 | 27.3% | +159.6 |
| FY2020 | Dec 31, 2020 | -132.4% | −56.6 |
| FY2019 | Dec 31, 2019 | -75.8% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 73.0% | +90.5 |
| Q2 FY2026 | Jun 30, 2026 | 71.4% | +7.7 |
| Q1 FY2026 | Mar 31, 2026 | 68.9% | +5.9 |
| Q4 FY2025 | Dec 31, 2025 | 67.3% | +5.9 |
| Q3 FY2025 | Sep 30, 2025 | -17.5% | −77.0 |
| Q2 FY2025 | Jun 30, 2025 | 63.7% | +5.1 |
| Q1 FY2025 | Mar 31, 2025 | 63.0% | +4.8 |
| Q4 FY2024 | Dec 31, 2024 | 61.5% | +137.4 |
| Q3 FY2024 | Sep 30, 2024 | 59.5% | −1.3 |
| Q2 FY2024 | Jun 30, 2024 | 58.6% | −0.5 |
| Q1 FY2024 | Mar 31, 2024 | 58.2% | −0.5 |
| Q4 FY2023 | Dec 31, 2023 | -75.9% | −126.2 |
| Q3 FY2023 | Sep 30, 2023 | 60.8% | +4.8 |
| Q2 FY2023 | Jun 30, 2023 | 59.1% | +4.1 |
| Q1 FY2023 | Mar 31, 2023 | 58.7% | +5.2 |
| Q4 FY2022 | Dec 31, 2022 | 50.3% | +10.6 |
| Q3 FY2022 | Sep 30, 2022 | 56.0% | +91.0 |
| Q2 FY2022 | Jun 30, 2022 | 55.0% | +5.2 |
| Q1 FY2022 | Mar 31, 2022 | 53.6% | +2.0 |
| Q4 FY2021 | Dec 31, 2021 | 39.7% | −15.9 |
| Q3 FY2021 | Sep 30, 2021 | -35.0% | +648.3 |
| Q2 FY2021 | Jun 30, 2021 | 49.8% | +48.4 |
| Q1 FY2021 | Mar 31, 2021 | 51.6% | +61.2 |
| Q4 FY2020 | Dec 31, 2020 | 55.6% | – |
| Q3 FY2020 | Sep 30, 2020 | -683.3% | – |
| Q2 FY2020 | Jun 30, 2020 | 1.4% | – |
| Q1 FY2020 | Mar 31, 2020 | -9.6% | – |
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