Filing Flows › Butterfly Network (BFLY) › Q4 2025
Butterfly Network (BFLY) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Butterfly Network (BFLY) reported revenue of $31.5M for the fourth quarter 2025 (Q4 2025), +41% from a year earlier and +47% from the quarter before. Operating margin was -53.0%, net loss $15.3M (48.5% of revenue).
Butterfly Network, Q4 2025: revenue $31.5M (+41% year over year), operating margin -53.0%, net loss $15.3M, operating cash flow $9.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.5M | +47% | +41% |
| Operating profit | −$16.7M | — | — |
| Net earnings | −$15.3M | — | — |
| Operating cash flow | $9.0M | — | — |
| Free cash flow | $7.9M | — | — |
What changed
Revenue was $31.5M in Q4 2025, up 41% year over year and up 47% from the previous quarter. Devices and accessories was the largest line at 57% of revenue.
Gross margin was 67.3%, up 5.9 points from a year earlier. Operating costs exceeded revenue by $16.7M, an operating margin of -53.0%. Operating expenses grew 22% against revenue growth of 41%. The fastest-growing cost line was Other operating costs (+1150%). The quarter ended with a net loss of $15.3M, narrower than the previous quarter's $34.0M loss.
Operating cash flow was $9.0M. Non-cash charges added back $6.4M of share-based compensation. Working capital and other items added $18.0M. Capital expenditures of $1.1M left free cash flow of $7.9M.
Questions
What was Butterfly Network's revenue in the fourth quarter 2025?
Butterfly Network (BFLY) reported revenue of $31.5M for the fourth quarter 2025 (Q4 2025), +41% from a year earlier and +47% from the quarter before.
Was Butterfly Network profitable in the fourth quarter 2025?
Operating loss was $16.7M (-53.0% of revenue) and net loss $15.3M.
Source: Butterfly Network 10-K on SEC EDGAR.