Filing Flows › Health Care › Butterfly Network (BFLY)
Butterfly Network (BFLY) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Butterfly Network (BFLY) Q3 2026 earnings results →
Q3 2026 Revenue up 52% year over year to $32.6M · 39¢ of every $1 of revenue lost · operating margin -41.7%
Butterfly Network made $32.6M in Q3 2026 (+52% Y/Y): Software and other services $17.0M, Product $15.6M. Operating margin -41.7%, net loss $12.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $32.6M in Q3 2026, up 52% year over year and roughly flat from the previous quarter. Software and other services was the largest line at 52% of revenue. Software and other services added $10.0M year over year (up 145%), 90% of the total change.
Gross margin was 73.0%. Operating costs exceeded revenue by $13.6M, an operating margin of -41.7%. The fastest-growing cost line was Other operating costs (+47%). The quarter ended with a net loss of $12.8M, narrower than the previous quarter's $12.9M loss.
Operating cash flow was −$2.3M. Non-cash charges added back $6.7M of share-based compensation. Working capital and other items added $3.8M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$3.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $32.6M | +52% | -41.7% | −$12.8M | −$2.3M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $32.6M | +40% | -41.9% | −$12.9M | −$16.3M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $26.5M | +25% | -52.3% | −$12.7M | −$13.9M |
| Q4 2025 | 10-K | Feb 27, 2026 | $31.5M | +41% | -53.0% | −$15.3M | $9.0M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $21.5M | +4% | -163.5% | −$34.0M | −$2.9M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $23.4M | +9% | -68.9% | −$13.8M | −$7.2M |
| Q1 2025 | 10-Q | May 2, 2025 | $21.2M | +20% | -87.0% | −$14.0M | −$11.7M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Butterfly Network
Butterfly is the pioneer of the Ultrasound-on-Chip™ semiconductor platform and a leader in semiconductor-based point-of-care ultrasound technology. We combine proprietary hardware, intuitive software, services and educational offerings that can make ultrasound more accessible than ever before. Our flagship point-of-care solution enables the practical application of ultrasound information into the clinical workflow through affordable ultrasound devices that fit in a healthcare professional’s pocket and pair with cloud-connected software that is easily accessed through a mobile application.
In its own words, from its 10-K, filed Feb 27, 2026.
Butterfly Network against its X-Ray Apparatus & Tubes & Related Irradiation Apparatus peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BFLY Butterfly Network | Q3 2026 | $32.6M | +52% | -41.7% |
| GEHC GE HealthCare Technologies | Q3 2026 | $5.5B | +7% | 14.6% |
Source: Butterfly Network 10-Q on SEC EDGAR · CIK 1804176 · X-Ray Apparatus & Tubes & Related Irradiation Apparatus
13F: who owns BFLY and who is buying
More on BFLY
- How Butterfly Network makes money: revenue by segment
- Butterfly Network next earnings date and what analysts expect
- Butterfly Network stock forecast, price target and fair value
- Who owns Butterfly Network stock: holders, funds and Congress trades
- Butterfly Network guidance and outlook
- Is Butterfly Network a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results