Butterfly Network, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $-77.1M | $-72.5M | $-133.7M | $-168.7M | $-32.4M | $-162.7M | $-99.7M |
| Depreciation & Amortization | $6.7M | $8.9M | $8.7M | $5.9M | $2.1M | $1.3M | $758.0K |
| Depreciation | — | — | — | — | — | — | — |
| Amortization | — | — | — | $3.3M | $500.0K | — | — |
| Stock-Based Compensation | $23.4M | $21.0M | $27.5M | $42.5M | $47.8M | $11.0M | $6.0M |
| Net Cash from Operating Activities | $-12.7M | $-41.7M | $-98.8M | $-169.1M | $-189.2M | $-81.7M | $-120.4M |
| Investing Activities | |||||||
| Capital Expenditures | $3.3M | $2.7M | $5.8M | $18.3M | $7.9M | $2.4M | $4.5M |
| Business Acquisitions | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-3.3M | $-2.7M | $70.4M | $-93.8M | $-9.9M | $-2.4M | $-4.5M |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $77.8M | $-1.5M | $228.0K | $2.9M | $565.7M | $54.3M | $324.0K |
| Net Change in Cash | $61.7M | $-45.9M | $-28.2M | $-260.0M | $366.6M | $-29.8M | $-124.6M |
| Free Cash Flow | $-16.0M | $-44.4M | $-104.6M | $-187.4M | $-197.1M | $-84.1M | $-124.9M |