Butterfly Network, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
BFLY$6.67+4.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $150,489 | $88,775 |
| Accounts receivable, net of allowance for credit losses of $1,389 and $2,583 at December 31, 2025 and December 31, 2024, respectively | 26,744 | 20,793 |
| Inventories | 61,389 | 70,789 |
| Current portion of vendor advances | 2,063 | 5,547 |
| Prepaid expenses and other current assets | 8,418 | 6,709 |
| Total current assets | 249,103 | 192,613 |
| Property and equipment, net | 16,587 | 19,518 |
| Intangible assets, net | 7,516 | 8,916 |
| Non-current portion of vendor advances | 5,008 | 15,042 |
| Operating lease assets | 12,652 | 14,233 |
| Other non-current assets | 5,667 | 5,760 |
| Total assets | $296,533 | $256,082 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $5,442 | $4,250 |
| Deferred revenue, current | 26,909 | 16,139 |
| Accrued purchase commitments, current | 131 | 131 |
| Warrant liabilities, current | 413 | — |
| Accrued expenses and other current liabilities | 32,222 | 27,695 |
| Total current liabilities | 65,117 | 48,215 |
| Deferred revenue, non-current | 9,391 | 7,315 |
| Warrant liabilities, non-current | — | 2,685 |
| Operating lease liabilities | 17,721 | 20,398 |
| Other non-current liabilities | 8,325 | 8,637 |
| Total liabilities | 100,554 | 87,250 |
| Commitments and contingencies (Note 17) | ||
| Stockholders’ equity: | ||
| Class A common stock $.0001 par value; 600,000,000 shares authorized at December 31, 2025 and December 31, 2024; 227,318,426 and 188,626,154 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 23 | 19 |
| Class B common stock $.0001 par value; 27,000,000 shares authorized at December 31, 2025 and December 31, 2024; 26,426,937 shares issued and outstanding at December 31, 2025 and December 31, 2024 | 3 | 3 |
| Additional paid-in capital | 1,075,147 | 970,940 |
| Accumulated deficit | (879,194) | (802,130) |
| Total stockholders’ equity | 195,979 | 168,832 |
| Total liabilities and stockholders’ equity | $296,533 | $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.