Butterfly Network, Inc.
For the period ended Mar 31, 2025. Filed May 2, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 2, 2025
BFLY$6.51-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
| March 31,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $155,212 | $88,775 |
| Accounts receivable, net of allowance for doubtful accounts of $2,716 and $2,583 at March 31, 2025 and December 31, 2024, respectively | 19,881 | 20,793 |
| Inventories | 69,314 | 70,789 |
| Current portion of vendor advances | 5,670 | 5,547 |
| Prepaid expenses and other current assets | 7,306 | 6,709 |
| Total current assets | 257,383 | 192,613 |
| Property and equipment, net | 17,981 | 19,518 |
| Intangible assets, net | 8,566 | 8,916 |
| Non-current portion of vendor advances | 14,890 | 15,042 |
| Operating lease assets | 13,852 | 14,233 |
| Other non-current assets | 5,740 | 5,760 |
| Total assets | $318,412 | $256,082 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $2,277 | $4,250 |
| Deferred revenue, current | 15,385 | 16,139 |
| Accrued purchase commitments, current | 131 | 131 |
| Warrant liabilities, current | 1,859 | — |
| Accrued expenses and other current liabilities | 22,824 | 27,695 |
| Total current liabilities | 42,476 | 48,215 |
| Deferred revenue, non-current | 7,599 | 7,315 |
| Warrant liabilities, non-current | — | 2,685 |
| Operating lease liabilities | 19,757 | 20,398 |
| Other non-current liabilities | 8,884 | 8,637 |
| Total liabilities | 78,716 | 87,250 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Class A common stock $.0001 par value; 600,000,000 shares authorized at March 31, 2025 and December 31, 2024; 220,818,648 and 188,626,154 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 22 | 19 |
| Class B common stock $.0001 par value; 27,000,000 shares authorized at March 31, 2025 and December 31, 2024; 26,426,937 shares issued and outstanding at March 31, 2025 and December 31, 2024 | 3 | 3 |
| Additional paid-in capital | 1,055,768 | 970,940 |
| Accumulated deficit | (816,097) | (802,130) |
| Total stockholders’ equity | 239,696 | 168,832 |
| Total liabilities and stockholders’ equity | $318,412 | $256,082 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.