Butterfly Network (BFLY) Financials

$2.20 -0.13 (-5.36%)

Closing price 03:59 PM Eastern

Extended Trading

$2.20 0.00 (-0.23%)

As of 07:57 PM Eastern

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

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

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

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

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

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

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

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

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

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

According to the most recent income statement we have on file, Butterfly Network's fiscal year ends in December. Their fiscal 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. Find out what analysts predict for Butterfly Network in the coming months.

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%.

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

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Butterfly Network (BFLY) Financials

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