Butterfly Network, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $97.6M | $82.1M | $65.9M | $73.4M | $62.6M | $46.3M | $27.6M |
| Cost of Revenue | $51.9M | $33.2M | $49.0M | $33.9M | $45.5M | $107.5M | $48.5M |
| Gross Profit | $45.7M | $48.8M | $16.9M | $39.5M | $17.1M | $-61.2M | $-20.9M |
| Gross Margin | 46.9% | 59.5% | 25.6% | 53.8% | 27.3% | -132.4% | -75.8% |
| Operating Expenses | |||||||
| Research & Development | $36.3M | $37.8M | $55.6M | $88.0M | $74.5M | $49.7M | $48.9M |
| SG&A Expense | $39.2M | $39.8M | $49.6M | $77.6M | $85.7M | $24.4M | $18.2M |
| Operating Income | $-86.4M | $-74.4M | $-145.6M | $-193.0M | $-192.7M | $-161.6M | $-102.3M |
| Operating Margin | -88.5% | -90.7% | -221.0% | -263.0% | -308.0% | -349.4% | -370.9% |
| Interest Expense | — | — | — | $2.0K | $651.0K | $1.1M | — |
| Pretax Income | $-77.0M | $-72.5M | $-133.6M | $-168.7M | $-32.3M | $-162.7M | $-99.7M |
| Income Tax Expense | $110.0K | $-32.0K | $82.0K | $42.0K | $121.0K | $39.0K | — |
| Net Income | $-77.1M | $-72.5M | $-133.7M | $-168.7M | $-32.4M | $-162.7M | $-99.7M |
| Net Margin | -79.0% | -88.3% | -202.9% | -229.9% | -51.8% | -351.9% | -361.4% |
| EPS (Basic) | $-0.31 | $-0.34 | $-0.65 | $-0.84 | $-0.19 | $-0.93 | $-0.59 |
| EPS (Diluted) | $-0.31 | $-0.34 | $-0.65 | $-0.84 | $-0.19 | $-0.93 | $-0.59 |
| Shares Outstanding (Basic) | 247.1M | 211.7M | 205.4M | 199.8M | 173.8M | 175.6M | 169.3M |
| Shares Outstanding (Diluted) | 247.1M | 211.7M | 205.4M | 199.8M | 173.8M | 175.6M | 169.3M |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |