Filing Flows › Butterfly Network (BFLY) › Q2 2026
Butterfly Network (BFLY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Butterfly Network (BFLY) reported revenue of $32.6M for the second quarter 2026 (Q2 2026), +39% from a year earlier and +23% from the quarter before. Operating margin was -41.9%, net loss $12.9M (39.6% of revenue).
Butterfly Network, Q2 2026: revenue $32.6M (+40% year over year), operating margin -41.9%, net loss $12.9M, operating cash flow −$16.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.6M | +23% | +39% |
| Operating profit | −$13.7M | — | — |
| Net earnings | −$12.9M | — | — |
| Operating cash flow | −$16.3M | — | — |
What changed
Revenue was $32.6M in Q2 2026, up 39% year over year and up 23% from the previous quarter. Software and other services was the largest line at 52% of revenue. Software and other services added $10.1M year over year (up 150%), 110% of the total change. Product declined 5%.
Gross margin was 71.4%, up 7.7 points from Q2 2025. Operating costs exceeded revenue by $13.7M, an operating margin of -41.9%. Operating expenses grew 19% against revenue growth of 39%. The fastest-growing cost line was Other operating costs (+81%). The quarter ended with a net loss of $12.9M, wider than the previous quarter's $12.7M loss.
Operating cash flow was −$16.3M. Non-cash charges added back $7.0M of share-based compensation. Working capital and other items used $10.4M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$17.2M.
Questions
What was Butterfly Network's revenue in the second quarter 2026?
Butterfly Network (BFLY) reported revenue of $32.6M for the second quarter 2026 (Q2 2026), +39% from a year earlier and +23% from the quarter before.
Was Butterfly Network profitable in the second quarter 2026?
Operating loss was $13.7M (-41.9% of revenue) and net loss $12.9M.
Source: Butterfly Network 10-Q on SEC EDGAR.