Filing Flows › Butterfly Network (BFLY) › Q1 2026
Butterfly Network (BFLY) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Butterfly Network (BFLY) reported revenue of $26.5M for the first quarter 2026 (Q1 2026), +25% from a year earlier and -16% from the quarter before. Operating margin was -52.3%, net loss $12.7M (47.8% of revenue).
Butterfly Network, Q1 2026: revenue $26.5M (+25% year over year), operating margin -52.3%, net loss $12.7M, operating cash flow −$13.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.5M | -16% | +25% |
| Operating profit | −$13.9M | — | — |
| Net earnings | −$12.7M | — | — |
| Operating cash flow | −$13.9M | -254% | — |
What changed
Revenue was $26.5M in Q1 2026, up 25% year over year and down 16% from the previous quarter. Hardware was the largest line at 55% of revenue. Software and other services added $4.8M year over year (up 68%), 91% of the total change.
Gross margin was 68.9%, up 5.9 points from Q1 2025. Operating costs exceeded revenue by $13.9M, an operating margin of -52.3%. Operating expenses grew 1% against revenue growth of 25%. The fastest-growing cost line was General & admin (+13%). The quarter ended with a net loss of $12.7M, narrower than the previous quarter's $15.3M loss.
Operating cash flow was −$13.9M. Non-cash charges added back $5.5M of share-based compensation. Working capital and other items used $6.8M. Capital expenditures of $0.9M exceeded it, leaving free cash flow of −$14.8M.
Questions
What was Butterfly Network's revenue in the first quarter 2026?
Butterfly Network (BFLY) reported revenue of $26.5M for the first quarter 2026 (Q1 2026), +25% from a year earlier and -16% from the quarter before.
Was Butterfly Network profitable in the first quarter 2026?
Operating loss was $13.9M (-52.3% of revenue) and net loss $12.7M.
Source: Butterfly Network 10-Q on SEC EDGAR.