Butterfly Network, Inc.

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 27, 2026

BFLY$6.51-2.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Loss

(In thousands, except shares and per share amounts)

	Year ended December 31,
	2025	2024	2023
Revenue:
Product	$63,443	$54,200	$40,036
Software and other services	34,167	27,856	25,864
Total revenue	97,610	82,056	65,900
Cost of revenue:
Product	44,065	24,380	40,655
Software and other services	7,811	8,845	8,389
Total cost of revenue	51,876	33,225	49,044
Gross profit	45,734	48,831	16,856
Operating expenses:
Research and development	36,262	37,800	55,616
Sales and marketing	45,876	41,567	39,073
General and administrative	39,235	39,810	49,613
Other	10,776	4,065	18,164
Total operating expenses	132,149	123,242	162,466
Loss from operations	(86,415)	(74,411)	(145,610)
Interest income	5,911	5,020	7,450
Interest expense	(1,490)	(1,261)	—
Change in fair value of warrant liabilities	2,272	(1,859)	4,544
Other income (expense), net	2,768	(13)	(2)
Loss before provision for income taxes	(76,954)	(72,524)	(133,618)
Provision (benefit) for income taxes	110	(32)	82
Net loss and comprehensive loss	$(77,064)	$(72,492)	$(133,700)
Net loss per common share attributable to Class A and B common stockholders, basic and diluted	$(0.31)	$(0.34)	$(0.65)
Weighted-average shares used to compute net loss per share attributable to Class A and B common stockholders, basic and diluted	247,124,365	211,682,760	205,385,544

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.