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Butterfly Network (BFLY) Financials

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$2.56 -0.08 (-2.85%)
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Annual Income Statements for Butterfly Network

Annual Income Statements for Butterfly Network

This table shows Butterfly Network's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders
-72 -134 -169
Consolidated Net Income / (Loss)
-72 -134 -169
Net Income / (Loss) Continuing Operations
-72 -134 -169
Total Pre-Tax Income
-73 -134 -169
Total Operating Income
-74 -146 -193
Total Gross Profit
49 17 39
Total Revenue
82 66 73
Operating Revenue
82 66 73
Total Cost of Revenue
33 49 34
Operating Cost of Revenue
33 49 34
Total Operating Expenses
123 162 232
Selling, General & Admin Expense
44 68 85
Marketing Expense
42 39 59
Research & Development Expense
38 56 88
Total Other Income / (Expense), net
1.89 12 24
Interest Expense
1.26 0.00 0.00
Interest & Investment Income
5.02 7.45 3.38
Other Income / (Expense), net
-1.87 4.54 21
Income Tax Expense
-0.03 0.08 0.04
Basic Earnings per Share
($0.34) ($0.65) ($0.84)
Weighted Average Basic Shares Outstanding
211.68M 205.39M 199.85M
Diluted Earnings per Share
($0.34) ($0.65) ($0.84)
Weighted Average Diluted Shares Outstanding
211.68M 205.39M 199.85M
Weighted Average Basic & Diluted Shares Outstanding
216.50M 208.13M 203.44M
Cash Dividends to Common per Share
$0.00 $0.00 -

Quarterly Income Statements for Butterfly Network

This table shows Butterfly Network's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
-18 -17 -16 -22 -44 -27 -29 -34 -34 -55
Consolidated Net Income / (Loss)
-18 -17 -16 -22 -44 -27 -29 -34 -34 -55
Net Income / (Loss) Continuing Operations
-18 -17 -16 -22 -44 -27 -29 -34 -34 -55
Total Pre-Tax Income
-18 -17 -16 -22 -44 -27 -29 -33 -34 -55
Total Operating Income
-17 -17 -17 -23 -47 -33 -31 -35 -49 -46
Total Gross Profit
14 12 13 10 -13 9.38 11 9.09 9.56 11
Total Revenue
22 21 21 18 17 15 18 15 19 20
Operating Revenue
22 21 21 18 17 15 18 15 19 20
Total Cost of Revenue
8.62 8.33 8.90 7.38 29 6.04 7.57 6.39 9.43 8.63
Operating Cost of Revenue
8.62 8.33 8.90 7.38 29 6.04 7.57 6.39 9.43 8.63
Total Operating Expenses
31 29 30 33 34 42 42 44 59 57
Selling, General & Admin Expense
10 11 11 12 13 21 17 17 27 20
Marketing Expense
12 9.61 9.73 10 10 9.01 9.73 10 12 15
Research & Development Expense
8.83 8.84 9.41 11 11 12 16 17 19 22
Total Other Income / (Expense), net
-0.90 0.38 1.54 0.86 2.61 5.20 2.59 1.59 15 -8.68
Interest Expense
0.33 0.32 0.31 0.30 - 0.00 0.00 0.00 - 0.00
Interest & Investment Income
1.00 1.22 1.29 1.51 1.74 1.90 2.03 1.78 1.81 1.30
Other Income / (Expense), net
-1.56 -0.52 0.56 -0.35 0.88 3.29 0.56 -0.19 13 -9.99
Income Tax Expense
-0.11 0.06 0.02 0.00 -0.00 0.00 -0.01 0.09 -0.03 0.03
Basic Earnings per Share
($0.09) ($0.08) ($0.07) ($0.10) ($0.21) ($0.13) ($0.14) ($0.17) ($0.17) ($0.27)
Weighted Average Basic Shares Outstanding
211.68M 212.77M 211.66M 208.87M 205.39M 206.74M 204.90M 202.57M 199.85M 200.17M
Diluted Earnings per Share
($0.09) ($0.08) ($0.07) ($0.10) ($0.21) ($0.13) ($0.14) ($0.17) ($0.17) ($0.27)
Weighted Average Diluted Shares Outstanding
211.68M 212.77M 211.66M 208.87M 205.39M 206.74M 204.90M 202.57M 199.85M 200.17M
Weighted Average Basic & Diluted Shares Outstanding
216.50M 213.06M 212.57M 210.71M 208.13M 207.12M 206.63M 203.93M 203.44M 200.57M

Annual Cash Flow Statements for Butterfly Network

This table details how cash moves in and out of Butterfly Network's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents
-46 -28 -260
Net Cash From Operating Activities
-42 -99 -169
Net Cash From Continuing Operating Activities
-42 -99 -169
Net Income / (Loss) Continuing Operations
-72 -134 -169
Consolidated Net Income / (Loss)
-72 -134 -169
Depreciation Expense
10 11 5.94
Non-Cash Adjustments To Reconcile Net Income
22 61 28
Changes in Operating Assets and Liabilities, net
-1.22 -37 -34
Net Cash From Investing Activities
-2.66 70 -94
Net Cash From Continuing Investing Activities
-2.66 70 -94
Purchase of Property, Plant & Equipment
-2.69 -5.78 -18
Purchase of Investments
0.00 -0.30 -76
Sale of Property, Plant & Equipment
0.04 0.01 0.06
Sale and/or Maturity of Investments
0.00 76 0.00
Net Cash From Financing Activities
-1.50 0.23 2.88
Net Cash From Continuing Financing Activities
-1.50 0.23 2.88
Issuance of Common Equity
0.50 0.00 0.00
Other Financing Activities, net
-1.99 0.23 2.88

Quarterly Cash Flow Statements for Butterfly Network

This table details how cash moves in and out of Butterfly Network's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-5.02 -8.33 -11 -22 -16 -17 -27 32 -31 -120
Net Cash From Operating Activities
-3.12 -7.92 -10 -21 -13 -16 -26 -43 -29 -42
Net Cash From Continuing Operating Activities
-3.12 -7.94 -10 -21 -13 -16 -26 -43 -29 -42
Net Income / (Loss) Continuing Operations
-18 -17 -16 -22 -44 -27 -29 -34 -34 -55
Consolidated Net Income / (Loss)
-18 -17 -16 -22 -44 -27 -29 -34 -34 -55
Depreciation Expense
2.51 2.62 2.63 2.58 2.24 4.03 2.19 2.11 1.87 1.88
Non-Cash Adjustments To Reconcile Net Income
3.16 8.39 5.21 4.89 28 9.20 17 6.65 -0.55 17
Changes in Operating Assets and Liabilities, net
9.32 -2.02 -2.14 -6.38 0.31 -1.84 -17 -18 3.52 -5.89
Net Cash From Investing Activities
-0.41 -0.41 -0.70 -1.14 -2.51 -1.05 -0.88 75 -2.48 -80
Net Cash From Continuing Investing Activities
-0.41 -0.41 -0.70 -1.14 -2.51 -1.05 -0.88 75 -2.48 -80
Purchase of Property, Plant & Equipment
-0.41 -0.41 -0.73 -1.14 -2.51 -1.05 -0.88 -1.34 -2.12 -4.60
Net Cash From Financing Activities
-1.50 - - 0.00 - 0.09 0.14 0.00 0.14 2.04
Net Cash From Continuing Financing Activities
-1.50 - - 0.00 - 0.09 0.14 0.00 0.14 2.04
Other Financing Activities, net
-1.99 - - - - 0.09 - - 0.04 2.03

Annual Balance Sheets for Butterfly Network

This table presents Butterfly Network's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets
256 304 418
Total Current Assets
193 231 357
Cash & Equivalents
89 134 163
Accounts Receivable
21 13 15
Inventories, net
76 76 95
Prepaid Expenses
6.71 7.57 9.49
Plant, Property, & Equipment, net
20 25 31
Total Noncurrent Assets
44 48 29
Intangible Assets
8.92 10 0.00
Other Noncurrent Operating Assets
35 37 29
Total Liabilities & Shareholders' Equity
256 304 418
Total Liabilities
87 84 92
Total Current Liabilities
48 44 51
Accounts Payable
4.25 5.09 7.21
Accrued Expenses
28 23 26
Current Deferred Revenue
16 16 16
Other Current Liabilities
0.13 0.13 2.15
Total Noncurrent Liabilities
39 40 41
Noncurrent Deferred Revenue
7.32 7.39 4.96
Other Noncurrent Operating Liabilities
32 33 36
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
169 220 325
Total Preferred & Common Equity
169 220 325
Total Common Equity
169 220 325
Common Stock
971 950 921
Retained Earnings
-802 -730 -596

Quarterly Balance Sheets for Butterfly Network

This table presents Butterfly Network's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
265 273 284 334 365 382 443
Total Current Assets
199 204 213 269 292 323 372
Cash & Equivalents
94 102 113 150 167 194 193
Accounts Receivable
21 16 14 14 18 13 12
Inventories, net
78 78 78 94 87 69 58
Prepaid Expenses
7.49 7.84 8.23 8.19 10 13 14
Plant, Property, & Equipment, net
21 23 24 26 29 30 31
Total Noncurrent Assets
45 46 47 39 44 29 39
Intangible Assets
9.27 9.62 9.97 - - - -
Other Noncurrent Operating Assets
35 36 37 39 44 29 39
Total Liabilities & Shareholders' Equity
265 273 284 334 365 382 443
Total Liabilities
83 79 80 77 87 86 100
Total Current Liabilities
43 41 42 45 46 45 46
Accounts Payable
3.65 4.51 5.81 8.10 8.39 5.43 2.68
Accrued Expenses
23 21 21 22 23 24 25
Current Deferred Revenue
16 15 14 15 14 15 14
Other Current Liabilities
0.13 0.13 0.13 0.21 0.53 0.53 3.95
Total Noncurrent Liabilities
41 38 39 31 41 41 54
Noncurrent Deferred Revenue
7.04 7.36 7.22 5.27 6.03 4.34 5.59
Other Noncurrent Operating Liabilities
34 31 32 26 35 36 48
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
182 194 204 257 278 296 344
Total Preferred & Common Equity
182 194 204 257 278 296 344
Total Common Equity
182 194 204 257 278 296 344
Common Stock
966 961 955 943 936 926 906
Retained Earnings
-784 -767 -751 -686 -658 -629 -562

Annual Metrics And Ratios for Butterfly Network

This table displays calculated financial ratios and metrics derived from Butterfly Network's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics
- - -
Revenue Growth
24.52% -10.21% 17.30%
EBITDA Growth
49.47% 21.45% -417.21%
EBIT Growth
45.92% 18.01% -402.96%
NOPAT Growth
48.90% 24.56% -0.15%
Net Income Growth
45.78% 20.76% -420.61%
EPS Growth
47.69% 22.62% -342.11%
Operating Cash Flow Growth
57.80% 41.57% 10.61%
Free Cash Flow Firm Growth
53.47% 49.45% -18.40%
Invested Capital Growth
-6.49% -2.21% 252.31%
Revenue Q/Q Growth
7.66% -3.61% -0.01%
EBITDA Q/Q Growth
29.24% -8.25% -12.41%
EBIT Q/Q Growth
26.13% -7.89% -12.81%
NOPAT Q/Q Growth
28.34% 1.53% -1.95%
Net Income Q/Q Growth
26.41% -8.45% -12.31%
EPS Q/Q Growth
26.09% -6.56% -10.53%
Operating Cash Flow Q/Q Growth
19.31% 13.75% 7.60%
Free Cash Flow Firm Q/Q Growth
12.78% 26.01% 12.27%
Invested Capital Q/Q Growth
-9.10% -20.29% 15.53%
Profitability Metrics
- - -
Gross Margin
59.51% 25.58% 53.77%
EBITDA Margin
-80.36% -198.02% -226.36%
Operating Margin
-90.68% -220.96% -263.01%
EBIT Margin
-92.96% -214.06% -234.45%
Profit (Net Income) Margin
-88.34% -202.88% -229.90%
Tax Burden Percent
99.96% 100.06% 100.02%
Interest Burden Percent
95.07% 94.72% 98.03%
Effective Tax Rate
0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-62.88% -117.72% -240.42%
ROIC Less NNEP Spread (ROIC-NNEP)
-44.60% -100.65% -230.24%
Return on Net Nonoperating Assets (RNNOA)
25.60% 68.70% 196.77%
Return on Equity (ROE)
-37.28% -49.03% -43.65%
Cash Return on Invested Capital (CROIC)
-56.17% -115.49% -351.98%
Operating Return on Assets (OROA)
-27.23% -39.09% -34.78%
Return on Assets (ROA)
-25.87% -37.04% -34.10%
Return on Common Equity (ROCE)
-37.28% -49.03% -43.65%
Return on Equity Simple (ROE_SIMPLE)
-42.94% -60.76% -51.86%
Net Operating Profit after Tax (NOPAT)
-52 -102 -135
NOPAT Margin
-63.48% -154.67% -184.10%
Net Nonoperating Expense Percent (NNEP)
-18.28% -17.07% -10.17%
Return On Investment Capital (ROIC_SIMPLE)
-30.85% -46.32% -41.53%
Cost of Revenue to Revenue
40.49% 74.42% 46.23%
SG&A Expenses to Revenue
53.47% 102.85% 115.74%
R&D to Revenue
46.07% 84.39% 119.97%
Operating Expenses to Revenue
150.19% 246.53% 316.77%
Earnings before Interest and Taxes (EBIT)
-76 -141 -172
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-66 -130 -166
Valuation Ratios
- - -
Price to Book Value (P/BV)
3.94 1.02 1.52
Price to Tangible Book Value (P/TBV)
4.16 1.07 1.52
Price to Revenue (P/Rev)
8.10 3.39 6.72
Price to Earnings (P/E)
0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
7.19 1.04 2.92
Enterprise Value to Revenue (EV/Rev)
7.02 1.35 3.48
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00
Leverage & Solvency
- - -
Debt to Equity
0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00
Financial Leverage
-0.57 -0.68 -0.85
Leverage Ratio
1.44 1.32 1.28
Compound Leverage Factor
1.37 1.25 1.25
Debt to Total Capital
0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00%
Common Equity to Total Capital
100.00% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00
Altman Z-Score
0.20 -2.34 0.91
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00%
Liquidity Ratios
- - -
Current Ratio
3.99 5.22 6.96
Quick Ratio
2.27 3.34 4.92
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
-47 -100 -198
Operating Cash Flow to CapEx
-1,569.11% -1,711.76% -926.91%
Free Cash Flow to Firm to Interest Expense
-36.90 0.00 -98,906.50
Operating Cash Flow to Interest Expense
-33.07 0.00 -84,557.50
Operating Cash Flow Less CapEx to Interest Expense
-35.18 0.00 -93,680.00
Efficiency Ratios
- - -
Asset Turnover
0.29 0.18 0.15
Accounts Receivable Turnover
4.80 4.69 5.51
Inventory Turnover
0.44 0.57 0.52
Fixed Asset Turnover
3.66 2.33 3.19
Accounts Payable Turnover
7.11 7.97 5.22
Days Sales Outstanding (DSO)
76.09 77.83 66.20
Days Inventory Outstanding (DIO)
835.86 636.28 706.74
Days Payable Outstanding (DPO)
51.30 45.77 69.97
Cash Conversion Cycle (CCC)
860.65 668.33 702.96
Capital & Investment Metrics
- - -
Invested Capital
80 86 88
Invested Capital Turnover
0.99 0.76 1.31
Increase / (Decrease) in Invested Capital
-5.56 -1.93 63
Enterprise Value (EV)
576 89 256
Market Capitalization
665 224 493
Book Value per Share
$0.79 $1.06 $1.62
Tangible Book Value per Share
$0.75 $1.01 $1.62
Total Capital
169 220 325
Total Debt
0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00
Net Debt
-89 -134 -238
Capital Expenditures (CapEx)
2.66 5.77 18
Debt-free, Cash-free Net Working Capital (DFCFNWC)
56 53 68
Debt-free Net Working Capital (DFNWC)
144 187 306
Net Working Capital (NWC)
144 187 306
Net Nonoperating Expense (NNE)
20 32 34
Net Nonoperating Obligations (NNO)
-89 -134 -238
Total Depreciation and Amortization (D&A)
10 11 5.94
Debt-free, Cash-free Net Working Capital to Revenue
67.79% 79.75% 92.65%
Debt-free Net Working Capital to Revenue
175.97% 283.75% 416.69%
Net Working Capital to Revenue
175.97% 283.75% 416.69%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
($0.34) ($0.65) ($0.84)
Adjusted Weighted Average Basic Shares Outstanding
211.68M 205.39M 199.85M
Adjusted Diluted Earnings per Share
($0.34) ($0.65) ($0.84)
Adjusted Weighted Average Diluted Shares Outstanding
211.68M 205.39M 199.85M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
216.50M 208.13M 203.44M
Normalized Net Operating Profit after Tax (NOPAT)
-52 -102 -135
Normalized NOPAT Margin
-63.48% -154.67% -184.10%
Pre Tax Income Margin
-88.38% -202.76% -229.84%
Debt Service Ratios
- - -
EBIT to Interest Expense
-60.49 0.00 -86,031.50
NOPAT to Interest Expense
-41.31 0.00 -67,557.00
EBIT Less CapEx to Interest Expense
-62.60 0.00 -95,154.00
NOPAT Less CapEx to Interest Expense
-43.41 0.00 -76,679.50
Payout Ratios
- - -
Dividend Payout Ratio
0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Butterfly Network

This table displays calculated financial ratios and metrics derived from Butterfly Network's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - -
Revenue Growth
35.34% 33.33% 16.23% 14.09% -13.00% -21.39% -3.79% -0.63% -0.03% 34.18%
EBITDA Growth
62.47% 39.98% 50.76% 38.46% -29.54% 53.38% 17.81% 24.08% -119.70% -288.05%
EBIT Growth
58.84% 39.29% 45.70% 34.82% -29.04% 47.75% 14.80% 20.76% -122.18% -287.47%
NOPAT Growth
62.96% 47.04% 44.88% 35.46% 4.62% 29.26% 35.48% 29.25% -8.15% 19.22%
Net Income Growth
58.97% 38.16% 45.22% 35.12% -30.91% 50.01% 19.92% 24.59% -121.50% -303.67%
EPS Growth
57.14% 38.46% 50.00% 41.18% -23.53% 51.85% 22.22% 22.73% -88.89% -285.71%
Operating Cash Flow Growth
76.19% 50.44% 62.24% 52.22% 54.60% 61.97% 39.80% 20.25% 32.54% 9.58%
Free Cash Flow Firm Growth
78.69% 113.35% 111.61% 93.46% 68.27% 56.51% 67.10% 62.30% -51.87% -133.21%
Invested Capital Growth
-6.49% -18.00% -16.84% -10.74% -2.21% 41.75% 46.14% 93.96% 252.31% 541.49%
Revenue Q/Q Growth
8.71% -4.31% 21.70% 6.90% 7.10% -16.58% 19.46% -18.47% -3.24% 2.10%
EBITDA Q/Q Growth
-8.04% -7.92% 31.14% 53.26% -72.79% 11.46% 13.93% 1.61% 37.81% -56.08%
EBIT Q/Q Growth
-6.23% -6.58% 27.42% 49.91% -56.68% 4.67% 12.86% 0.85% 36.56% -55.44%
NOPAT Q/Q Growth
-0.38% -0.08% 23.82% 51.60% -43.52% -4.15% 10.79% 28.48% -6.45% 5.00%
Net Income Q/Q Growth
-6.95% -7.76% 27.83% 50.68% -61.21% 4.54% 14.52% 0.48% 38.43% -52.91%
EPS Q/Q Growth
-12.50% -14.29% 30.00% 52.38% -61.54% 7.14% 17.65% 0.00% 37.04% -50.00%
Operating Cash Flow Q/Q Growth
60.61% 20.80% 51.61% -57.75% 18.02% 39.66% 38.76% -49.87% 31.33% 4.47%
Free Cash Flow Firm Q/Q Growth
-190.27% 9.98% 236.30% 84.25% 43.45% 4.34% 23.23% 23.60% 22.50% 27.63%
Invested Capital Q/Q Growth
-9.10% -4.51% 0.96% 6.70% -20.29% -3.14% 8.36% 16.89% 15.53% -0.14%
Profitability Metrics
- - - - - - - - - -
Gross Margin
61.45% 59.50% 58.58% 58.20% -75.91% 60.84% 59.08% 58.73% 50.35% 56.01%
EBITDA Margin
-73.23% -73.68% -65.33% -115.46% -264.08% -163.69% -154.22% -214.05% -177.36% -275.98%
Operating Margin
-77.45% -83.88% -80.20% -128.12% -282.97% -211.16% -169.11% -226.46% -258.13% -234.64%
EBIT Margin
-84.44% -86.42% -77.59% -130.09% -277.66% -189.80% -166.08% -227.69% -187.21% -285.54%
Profit (Net Income) Margin
-80.98% -82.31% -73.10% -123.25% -267.14% -177.47% -155.09% -216.72% -177.54% -279.04%
Tax Burden Percent
99.40% 100.34% 100.11% 100.01% 100.00% 100.01% 99.98% 100.26% 99.93% 100.05%
Interest Burden Percent
96.48% 94.92% 94.11% 94.73% 96.21% 93.50% 93.40% 94.94% 94.91% 97.68%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-53.71% -45.79% -39.29% -63.05% -150.76% -110.33% -91.98% -149.82% -235.96% -411.34%
ROIC Less NNEP Spread (ROIC-NNEP)
-48.34% -41.80% -36.58% -59.18% -144.64% -108.14% -89.14% -146.56% -236.14% -405.22%
Return on Net Nonoperating Assets (RNNOA)
27.75% 23.20% 20.84% 36.26% 98.72% 75.18% 64.08% 114.49% 201.80% 375.34%
Return on Equity (ROE)
-25.96% -22.59% -18.45% -26.79% -52.05% -35.15% -27.90% -35.32% -34.15% -36.00%
Cash Return on Invested Capital (CROIC)
-56.17% -54.58% -63.74% -84.92% -115.49% -147.55% -158.42% -225.08% -351.98% -297.54%
Operating Return on Assets (OROA)
-24.73% -21.97% -17.30% -26.60% -50.70% -33.38% -27.99% -36.39% -27.77% -40.95%
Return on Assets (ROA)
-23.72% -20.93% -16.30% -25.20% -48.78% -31.21% -26.13% -34.64% -26.34% -40.02%
Return on Common Equity (ROCE)
-25.96% -22.59% -18.45% -26.79% -52.05% -35.15% -27.90% -35.32% -34.15% -36.00%
Return on Equity Simple (ROE_SIMPLE)
0.00% -54.18% -56.08% -59.76% 0.00% -47.89% -54.25% -53.28% 0.00% -43.72%
Net Operating Profit after Tax (NOPAT)
-12 -12 -12 -16 -33 -23 -22 -25 -34 -32
NOPAT Margin
-54.22% -58.71% -56.14% -89.68% -198.08% -147.81% -118.38% -158.52% -180.69% -164.25%
Net Nonoperating Expense Percent (NNEP)
-5.36% -3.98% -2.71% -3.87% -6.13% -2.19% -2.84% -3.25% 0.18% -6.12%
Return On Investment Capital (ROIC_SIMPLE)
-7.18% - - - -14.87% - - - -10.54% -
Cost of Revenue to Revenue
38.55% 40.50% 41.43% 41.80% 175.91% 39.16% 40.92% 41.27% 49.66% 43.99%
SG&A Expenses to Revenue
46.39% 53.64% 49.70% 66.83% 76.84% 134.90% 91.05% 112.76% 142.35% 99.40%
R&D to Revenue
39.48% 43.01% 43.80% 60.72% 67.87% 78.66% 84.52% 107.59% 100.94% 112.35%
Operating Expenses to Revenue
138.90% 143.37% 138.77% 186.32% 207.07% 272.00% 228.19% 285.19% 308.47% 290.66%
Earnings before Interest and Taxes (EBIT)
-19 -18 -17 -23 -46 -29 -31 -35 -36 -56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-16 -15 -14 -20 -44 -25 -29 -33 -34 -54
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
3.94 2.07 0.91 1.10 1.02 0.95 1.69 1.29 1.52 2.73
Price to Tangible Book Value (P/TBV)
4.16 2.18 0.96 1.16 1.07 0.95 1.69 1.29 1.52 2.73
Price to Revenue (P/Rev)
8.10 4.94 2.49 3.30 3.39 3.57 6.46 5.22 6.72 12.78
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
7.19 3.21 0.81 1.23 1.04 0.87 2.73 1.84 2.92 8.84
Enterprise Value to Revenue (EV/Rev)
7.02 3.71 1.06 1.65 1.35 1.37 4.17 2.57 3.48 9.13
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
-0.57 -0.56 -0.57 -0.61 -0.68 -0.70 -0.72 -0.78 -0.85 -0.93
Leverage Ratio
1.44 1.36 1.35 1.33 1.32 1.29 1.30 1.29 1.28 1.29
Compound Leverage Factor
1.39 1.30 1.27 1.26 1.27 1.21 1.21 1.23 1.21 1.26
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
0.94 -0.66 -1.81 -1.32 -1.31 -0.25 1.44 1.13 1.99 4.51
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
3.99 4.66 5.01 5.13 5.22 5.92 6.37 7.20 6.96 8.12
Quick Ratio
2.27 2.67 2.90 3.05 3.34 3.61 4.03 4.63 4.92 6.10
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-6.56 7.27 6.61 -4.85 -31 -54 -57 -74 -97 -125
Operating Cash Flow to CapEx
-764.71% -1,917.68% -1,430.62% -1,816.08% -521.54% -1,524.90% -3,006.36% -3,247.15% -1,397.53% -913.23%
Free Cash Flow to Firm to Interest Expense
-19.70 22.78 21.38 -16.16 0.00 0.00 0.00 0.00 0.00 -62,582.20
Operating Cash Flow to Interest Expense
-9.37 -24.83 -32.36 -68.89 0.00 0.00 0.00 0.00 0.00 -21,013.50
Operating Cash Flow Less CapEx to Interest Expense
-10.59 -26.12 -34.62 -72.68 0.00 0.00 0.00 0.00 0.00 -23,314.50
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.29 0.25 0.22 0.20 0.18 0.18 0.17 0.16 0.15 0.14
Accounts Receivable Turnover
4.80 4.45 4.19 4.97 4.69 5.37 4.76 5.52 5.51 6.88
Inventory Turnover
0.44 0.63 0.62 0.68 0.57 0.39 0.42 0.56 0.52 0.88
Fixed Asset Turnover
3.66 3.21 2.72 2.48 2.33 2.37 2.51 2.75 3.19 3.60
Accounts Payable Turnover
7.11 9.14 7.96 8.91 7.97 5.46 5.38 8.16 5.22 9.35
Days Sales Outstanding (DSO)
76.09 82.05 87.02 73.42 77.83 67.94 76.64 66.10 66.20 53.08
Days Inventory Outstanding (DIO)
835.86 583.73 587.23 539.36 636.28 941.01 869.03 649.58 706.74 413.63
Days Payable Outstanding (DPO)
51.30 39.95 45.83 40.98 45.77 66.83 67.88 44.75 69.97 39.05
Cash Conversion Cycle (CCC)
860.65 625.82 628.42 571.80 668.33 942.12 877.80 670.93 702.96 427.66
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
80 88 92 91 86 107 111 102 88 76
Invested Capital Turnover
0.99 0.78 0.70 0.70 0.76 0.75 0.78 0.95 1.31 2.50
Increase / (Decrease) in Invested Capital
-5.56 -19 -19 -11 -1.93 32 35 50 63 93
Enterprise Value (EV)
576 282 75 112 89 94 302 189 256 670
Market Capitalization
665 376 177 225 224 244 469 382 493 938
Book Value per Share
$0.79 $0.86 $0.92 $0.98 $1.06 $1.25 $1.36 $1.46 $1.62 $1.72
Tangible Book Value per Share
$0.75 $0.81 $0.88 $0.93 $1.01 $1.25 $1.36 $1.46 $1.62 $1.72
Total Capital
169 182 194 204 220 257 278 296 325 344
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
-89 -94 -102 -113 -134 -150 -167 -194 -238 -268
Capital Expenditures (CapEx)
0.41 0.41 0.70 1.14 2.51 1.05 0.88 1.33 2.07 4.60
Debt-free, Cash-free Net Working Capital (DFCFNWC)
56 63 62 59 53 73 79 84 68 59
Debt-free Net Working Capital (DFNWC)
144 157 164 172 187 223 246 278 306 327
Net Working Capital (NWC)
144 157 164 172 187 223 246 278 306 327
Net Nonoperating Expense (NNE)
5.98 4.85 3.64 5.93 11 4.57 6.79 9.01 -0.60 23
Net Nonoperating Obligations (NNO)
-89 -94 -102 -113 -134 -150 -167 -194 -238 -268
Total Depreciation and Amortization (D&A)
2.51 2.62 2.63 2.58 2.24 4.03 2.19 2.11 1.87 1.88
Debt-free, Cash-free Net Working Capital to Revenue
67.79% 82.58% 86.72% 86.78% 79.75% 107.10% 109.13% 114.51% 92.65% 80.01%
Debt-free Net Working Capital to Revenue
175.97% 205.59% 230.30% 252.25% 283.75% 326.51% 339.00% 378.94% 416.69% 444.97%
Net Working Capital to Revenue
175.97% 205.59% 230.30% 252.25% 283.75% 326.51% 339.00% 378.94% 416.69% 444.97%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.09) ($0.08) ($0.07) ($0.10) ($0.21) ($0.13) ($0.14) ($0.17) ($0.17) ($0.27)
Adjusted Weighted Average Basic Shares Outstanding
211.68M 212.77M 211.66M 208.87M 205.39M 206.74M 204.90M 202.57M 199.85M 200.17M
Adjusted Diluted Earnings per Share
($0.09) ($0.08) ($0.07) ($0.10) ($0.21) ($0.13) ($0.14) ($0.17) ($0.17) ($0.27)
Adjusted Weighted Average Diluted Shares Outstanding
211.68M 212.77M 211.66M 208.87M 205.39M 206.74M 204.90M 202.57M 199.85M 200.17M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
216.50M 213.06M 212.57M 210.71M 208.13M 207.12M 206.63M 203.93M 203.44M 200.57M
Normalized Net Operating Profit after Tax (NOPAT)
-12 -12 -12 -16 -33 -23 -22 -25 -34 -32
Normalized NOPAT Margin
-54.22% -58.71% -56.14% -89.68% -198.08% -147.81% -118.38% -158.52% -180.69% -164.25%
Pre Tax Income Margin
-81.47% -82.03% -73.02% -123.23% -267.15% -177.46% -155.12% -216.16% -177.67% -278.90%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-56.68 -55.70 -53.95 -76.56 0.00 0.00 0.00 0.00 0.00 -28,008.50
NOPAT to Interest Expense
-36.39 -37.84 -39.04 -52.78 0.00 0.00 0.00 0.00 0.00 -16,111.20
EBIT Less CapEx to Interest Expense
-57.91 -56.99 -56.21 -80.36 0.00 0.00 0.00 0.00 0.00 -30,309.50
NOPAT Less CapEx to Interest Expense
-37.62 -39.14 -41.30 -56.58 0.00 0.00 0.00 0.00 0.00 -18,412.20
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Butterfly Network's Financials

When does Butterfly Network's fiscal year end?

According to the most recent income statement we have on file, Butterfly Network's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Butterfly Network's net income changed over the last 2 years?

Butterfly Network's net income appears to be on a downward trend, with a most recent value of -$72.49 million in 2024, falling from -$168.72 million in 2022. The previous period was -$133.70 million in 2023. See Butterfly Network's forecast for analyst expectations on what’s next for the company.

What is Butterfly Network's operating income?
Butterfly Network's total operating income in 2024 was -$74.41 million, based on the following breakdown:
  • Total Gross Profit: $48.83 million
  • Total Operating Expenses: $123.24 million
How has Butterfly Network revenue changed over the last 2 years?

Over the last 2 years, Butterfly Network's total revenue changed from $73.39 million in 2022 to $82.06 million in 2024, a change of 11.8%.

How much debt does Butterfly Network have?

Butterfly Network's total liabilities were at $87.25 million at the end of 2024, a 3.6% increase from 2023, and a 5.4% decrease since 2022.

How much cash does Butterfly Network have?

In the past 2 years, Butterfly Network's cash and equivalents has ranged from $88.78 million in 2024 to $162.56 million in 2022, and is currently $88.78 million as of their latest financial filing in 2024.

How has Butterfly Network's book value per share changed over the last 2 years?

Over the last 2 years, Butterfly Network's book value per share changed from 1.62 in 2022 to 0.79 in 2024, a change of -51.2%.



This page (NYSE:BFLY) was last updated on 5/29/2025 by MarketBeat.com Staff
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