Butterfly Network, Inc. (BFLY) FinancialsBFLYButterfly Network, Inc.

Butterfly Network, Inc. (BFLY) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Hardware, accounting for 55.2% of total sales, equivalent to $14.65M. Another important revenue stream is Software and other services. Understanding this composition is critical for investors evaluating how BFLY navigates market cycles within the Advanced Medical Equipment & Technology industry.

Evaluating the bottom line, Butterfly Network, Inc. maintains a gross margin of 73.02%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -41.66%, while the net margin is -39.29%. These profitability ratios, combined with a Return on Equity (ROE) of -27.71%, provide a clear picture of how effectively BFLY converts its operational activities into shareholder value.

In the context of the broader market, BFLY competes directly with industry leaders such as XRAY and ESTA. With a market capitalization of $2.08B, it holds a leading position in the sector. When comparing efficiency, BFLY's gross margin of 73.02% stands against XRAY's 54.90% and ESTA's 70.64%. Such benchmarking helps identify whether Butterfly Network, Inc. is trading at a premium or discount relative to its financial performance.

Butterfly Network has shown revenue growth, with Q2 2026 revenue at $32.61 million, surpassing estimates. However, it continues to report negative net income, with a net margin of -39.59%.