Butterfly Network, Inc. develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally.
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The company offers Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging on a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; Butterfly Move, merging the mobility of a handheld with the stability of a full cart system; and iQ+ Bladder, a specialty product for bladder scanning market.
It also provides Compass AI which offers one system to connect every device, workflow, and department; ScanLab, an AI-powered educational platform that provides written walkthroughs and reference imagery to guide real-time educational scanning; and Butterfly iQ+/iQ3 Vet, a third generation handheld ultrasound system.
It sells and markets its products through a direct sales force, distributors, and e-commerce channels. Butterfly Network, Inc. was founded in 2011 and is headquartered in Burlington, Massachusetts.
Quality Score breakdown
Overall quality42/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability9
How much profit the company makes from its sales and capital
Quality Growth62
Are margins and returns getting better?
Cashflow0
Do the profits arrive as real cash?
Financial strength97
Debt, balance sheet and risk of trouble
Investment97
Does it invest with discipline instead of growing at any price?
Low Volatility0
How calm the share price moves, does not count
Price momentum69
Price momentum of the last 3 to 12 months, does not count
BuyS. Louise PhanstielDirector2× since Dec 15, 2025: 300,461 shares, avg. $5.23$1.6MAug 14, 2026
SaleJonathan M RothbergDirector11× since Nov 24, 2025: 13,901,861 shares, avg. $5.39$74.9MJul 22, 202610b5-1 plan
SaleJohn N. DohertyEVP, CFO3× since Jan 7, 2026: 172,547 shares, avg. $6.08$1.0MJul 20, 2026
SaleVictor KuChief Technology Officer3× since Jan 5, 2026: 120,157 shares, avg. $6.13$736,378Jul 20, 2026
BuyLarry RobbinsDirector, 10% owner3× since Nov 19, 2025: 4,379,911 shares, avg. $2.63$11.5MDec 11, 2025
Plus 9 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+19.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.1%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+81.1%
’18
’19
’20
’21
’22
’23
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’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−349.4% (2020) → −88.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Medical Devices · 320 stocks
Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Below median
Profitability
Return on assets−26.0% · Bottom 25%
Net margin (12 months)−43.6% · Bottom 25%
Operating margin (12 months)−29.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)51.7% · Top 25%
Balance sheet
Debt / equity0.28× · Highest 25%
Valuation Multiplesvs Medical Devices median · lower = cheaper
Butterfly Network Inc has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Butterfly Network Inc (BFLY)?
Butterfly Network Inc reported trailing-twelve-month revenue of about $123M (latest available figure, as of Nov 6, 2026).
How solid is the balance sheet of Butterfly Network Inc (BFLY)?
Balance-sheet figures for Butterfly Network Inc (as of Nov 6, 2026): return on equity −27.7%, debt of 0.28 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
Which stocks are comparable to Butterfly Network Inc?
From the same area (Healthcare) we also value Abbott Laboratories,, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
What is the share price of Butterfly Network Inc (BFLY)?
The closing price on Nov 6, 2026 was $6.37. We carry closing prices from our data provider, not a live tick.
Key figures of Butterfly Network Inc
How large is the market capitalisation of Butterfly Network Inc (BFLY)?
The market capitalisation of Butterfly Network Inc is $1.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Butterfly Network Inc (BFLY)?
The price-to-sales ratio of Butterfly Network Inc is 14.7 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Butterfly Network Inc (BFLY)?
Earnings per share at Butterfly Network Inc are $−0.2100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Butterfly Network Inc (BFLY)?
The net margin of Butterfly Network Inc is −43.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Butterfly Network Inc (BFLY)?
The return on equity (ROE) of Butterfly Network Inc is −27.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Butterfly Network Inc (BFLY)?
On an EBIT basis the return on assets of Butterfly Network Inc is −37.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Butterfly Network Inc (BFLY)?
The operating margin of Butterfly Network Inc is −29.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Butterfly Network Inc (BFLY)?
Revenue at Butterfly Network Inc is growing +51.7% versus a year earlier (3y avg +10.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Butterfly Network Inc (BFLY) generate?
The free cash flow of Butterfly Network Inc is −$16.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Butterfly Network Inc (BFLY) hold?
Butterfly Network Inc holds more cash than debt, $130M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 6, 2026