Butterfly Network (BFLY) Financials

$2.56 -0.08 (-2.85%)

As of 11:00 AM 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	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	-

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

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

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

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

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

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%

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%.

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

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Butterfly Network (BFLY) Financials

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Butterfly Network (BFLY) Financials

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