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Butterfly Network, Inc.

BFLY · Health Care

Last earnings Oct 29, 2026

Key results

Revenuequarter

$21.5 million

htm EX-99.1 Document Exhibit 99.1 Butterfly Network Reports Third Quarter 2025 Financial Results Delivered quarterly revenue of $21.5 million in Q3, representing 5% YoY growth.

SEC original ↗Butterfly Network, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Total revenuequarter

$21.5 million

Three Months Ended September 30, 2025 Financial Results Revenue Total revenue was $21.5 million, representing growth of 5% from $20.6 million in the third quarter of 2024.

SEC original ↗Butterfly Network, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025

revenue was $16.1 million.

SEC original ↗Butterfly Network, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025

International revenuequarter

4%

International revenue increased 4% year-over-year to $5.4 million, driven by the higher price point of our iQ3 probe, which launched internationally during the third quarter of 2024.

SEC original ↗Butterfly Network, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Adjusted gross marginquarter

$3.8 million

Gross margin and adjusted gross margin Gross loss was $3.8 million versus gross profit of $12.2 million in the prior year period, and adjusted gross profit was $13.7 million versus $12.3 million in the prior year period.

SEC original ↗Butterfly Network, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Total gross margin, on a GAAP basis, was (17.5)% compared to 59.5% in the prior year period, and adjusted gross margin increased to 63.9% from 60.0% in the prior year period.

SEC original ↗Butterfly Network, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025

GAAP gross marginquarter

$17.4 million

The decrease in GAAP gross margin is primarily due to a $17.4 million write-down of excess and obsolete inventory that was recognized during the quarter, which is excluded from adjusted gross profit and adjusted gross margin.

SEC original ↗Butterfly Network, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025

AI analysis

Q3 2025 · reported Oct 31, 2025

Based on: Earnings release + parent 8-K — transcript not held

Revenue · Q3 2025
$21.5M
EX-99 · Oct 31, 2025
Total revenue · Q3 2025
$21.5M
EX-99 · Oct 31, 2025
Adjusted gross margin · Q3 2025
$3.8M
EX-99 · Oct 31, 2025
GAAP gross margin · Q3 2025
$17.4M
EX-99 · Oct 31, 2025

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

EX-99 · Oct 31, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.

Headline figures

MetricQ3 2025Prior qtrYear ago
Revenue$21.5 million——
Total revenue$21.5 million——
International revenue4%——
Adjusted gross margin$3.8 million——
GAAP gross margin$17.4 million——

EX-99 · Oct 31, 2025

Guidance · company-stated

Direction: Reiterated

Revenue$91 million

“Guidance Reaffirmed revenue guidance and narrowed adjusted EBITDA guidance for the Fiscal Year 2025 Revenue of $91 million to $95 million or approximately 13% growth Adjusted EBITDA loss of $32 million - $35 million Reconciliation of GAAP to Adjusted Reconciliations of gross margin to adjusted gross margin and of net loss to adjusted EBITDA and adjusted EPS for the three and nine months ended September 30, 2025, and 2024 are provided in the financial schedules that are part of this press release.”

Midpoint vs latest-quarter revenue+323.3%computed from stated figures

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Adjusted gross margin$3.8M
GAAP gross margin$17.4M

What changed vs last quarter

  • Guide midpoint vs latest-quarter revenue +323.3% computed from stated figures
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Butterfly Network Reports Third Quarter 2025 Financial Results Delivered quarterly revenue of $21.5 million in Q3, representing 5% YoY growth

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

Direction: Reiterated

Revenue: “Guidance Reaffirmed revenue guidance and narrowed adjusted EBITDA guidance for the Fiscal Year 2025 Revenue of $91 million to $95 million or approximately 13% growth Adjusted EBITDA loss of $32 million - $35 million Reconciliation of GAAP to Adjusted Reconciliations of gross margin to adjusted gross margin and of net loss to adjusted EBITDA and adjusted EPS for the three and nine months ended September 30, 2025, and 2024 are provided in the financial schedules that are part of this press release.”

Revenue — Reiterated (“Reaffirmed”)
“Reaffirmed full year revenue guidance and narrowed adjusted EBITDA guidance.”

Revenue — Reiterated (“Reaffirmed”)
“Guidance Reaffirmed revenue guidance and narrowed adjusted EBITDA guidance for the Fiscal Year 2025 Revenue of $91 million to $95 million or approximately 13% growth Adjusted EBITDA loss of $32 million - $35 million Reconciliation of GAAP to Adjusted Reconciliations of gross margin to adjusted gross margin and of net loss to adjusted EBITDA and adjusted EPS for the three and nine months ended September 30, 2025, and 2024 are provided in the financial schedules that are part of this press release.”

Classified from the release's primary full-year outlook statement.

Strategy & priorities

DeVivo continued, We continue to emphasize that our strategy is about more than selling devices it s about changing how ultrasound is delivered and scaled.

SEC original ↗Butterfly Network, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025

With Compass AI on the horizon, P5.1 chip moving to production, our Apollo AI chip initiating development, and our strategic initiatives taking shape, we re unlocking the full value of Butterfly as a platform solution.

SEC original ↗Butterfly Network, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Recent Operational and Strategic Highlights New Clinical Validation A six-month quality-improvement study published in JAMA, led by Rutgers Robert Wood Johnson Medical School, found that integrating Butterfly s Auto B-line Counter into hospitalist workflows for patients with dyspnea shortened hospital stays, saving 246 bed-days and $751,537 in direct costs.

SEC original ↗Butterfly Network, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Risks & headwinds

With a cloud-based solution that enables care anywhere through next-generation mobility, Butterfly aims to democratize healthcare by addressing critical global healthcare challenges.

SEC original ↗Butterfly Network, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025

These forward-looking statements involve significant known and unknown risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements.

SEC original ↗Butterfly Network, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Gilead Sciences (GILD) Health CareGenmab (GMAB) Health CareAlcon (ALC) Health CareArgenx (ARGX) Health CareSanofi (SNY) Health CareMerck & Co. (MRK) Health CareXencor Inc (XNCR) Health CareIllumina, Inc. (ILMN) Health Care
Documents

Filings

36 documents

Earnings releases

13 documents

Presentations

0 documents

No presentations for Butterfly Network, Inc. are held in this edition of the library.

Transcripts

0 documents

No transcripts for Butterfly Network, Inc. are held in this edition of the library.

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