X-Ray Apparatus & Tubes & Related Irradiation Apparatus · SIC 3844

Butterfly Network, Inc.

BFLY

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Latest revenue

$26.5M

as of 2026-03-31

Latest net income

$-12.7M

as of 2026-03-31

Net margin

-47.8%

as of 2026-03-31

Price · 5Y

-17.6% / yr 31.4 pts / yr vs S&P 500 62.0% total
Compare:

Live market

delayed ≤15 min
$4.47
0.22%
Market cap
Enterprise value
P/E (trailing)
Forward P/E
P/B
Dividend yield
0.0%
52-wk high
$5.72
52-wk low
$1.32
Beta
Shares out

5-year trend

What this company does

AI

Item 1. BUSINESS Overview Butterfly is the pioneer of the Ultrasound-on-Chip™ semiconductor platform and a leader in semiconductor-based point-of-care ultrasound technology. We combine proprietary hardware, intuitive software, services and educational offerings that can make ultrasound more accessible than ever before. Our flagship point-of-care solution enables the practical application of ultrasound information into the clinical workflow through affordable ultrasound devices that fit in a healthcare professional’s pocket and pair with cloud-connected software that is easily accessed through a mobile application. While Butterfly’s core commercial business is in the point-of-care ultrasound…

AI summary unavailable — showing raw filing excerpt

Generated from BFLY's filing dated 2026-02-27

Key risks

AI

Item 1A. RISK FACTORS This Annual Report on Form 10-K contains forward-looking statements that involve risks and uncertainties. These statements include projections about our finances, plans and objectives for the future, future operating and economic performance, and other statements regarding future performance. These statements are not guarantees of future performance or events. Our actual results could differ materially from those discussed in this report. Factors that could cause or contribute to these differences include, but are not limited to, those discussed in the following section, as well as those discussed in Part II, Item 7 entitled “Management’s Discussion and Analysis of…

AI summary unavailable — showing raw filing excerpt

Generated from BFLY's filing dated 2026-02-27

Profitability

Gross margin

46.9%

21.3%

Operating margin

-88.5%

2.4%

Net margin

-79.0%

10.6%

Return on equity

-39.3%

8.4%

Return on assets

-26.0%

8.2%

Leverage

Debt / equity

0.51×

0.7%

Debt / assets

33.9%

0.5%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$26.5M+25.0%$-12.7M+9.2%-47.8%

Q4 2025

2025-12-31

$31.5M+41.0%$-15.3M+15.5%-48.5%

Q3 2025

2025-09-30

$21.5M+4.5%$-34.0M-100.7%-158.1%

Q2 2025

2025-06-30

$23.4M+8.8%$-13.8M+11.9%-59.2%

Q1 2025

2025-03-31

$21.2M+20.2%$-14.0M+35.8%-65.8%

Q4 2024

2024-12-31

$22.4M$-18.1M-81.0%

Q3 2024

2024-09-30

$20.6M+33.3%$-16.9M+38.2%-82.3%

Q2 2024

2024-06-30

$21.5M+16.2%$-15.7M+45.2%-73.1%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

X-Ray Apparatus & Tubes & Related Irradiation Apparatus · SIC 3844

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Insider activity

Insider buying

$12.2M

Insider selling

$24.8M

Net activity

−$12.6M

Distinct insiders

10

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2026-05-01

Megan Carlson

CAO and SVP, Finance

Sale110,422$4.75$524.4K
2026-04-29

Steve Cashman

Chief Business Officer

Sale147,518$4.91$724.2K
2026-04-16

Steve Cashman

Chief Business Officer

Sale200,000$5.22$1.0M
2026-03-05

Joseph Devivo

President & CEO

Sale482,149$3.71$1.8M
2026-03-03

Steve Cashman

Chief Business Officer

Sale42,540$3.71$157.9K
2026-03-03

Joseph Devivo

President & CEO

Sale161,275$3.71$598.7K
2026-03-03

Nicholas Caezza

Deputy General Counsel

Sale14,209$3.71$52.7K
2026-03-03

Megan Carlson

CAO and SVP, Finance

Sale41,978$3.71$155.8K
2026-02-26

Steve Cashman

Chief Business Officer

Sale250,000$4.35$1.1M
2026-01-08

Jonathan M Rothberg

Director

Sale335,834$4.18$1.4M
2026-01-07

John N. Doherty

EVP, CFO

Sale60,182$3.98$239.5K
2026-01-07

Jonathan M Rothberg

Director

Sale452,729$4.14$1.9M
2026-01-06

Jonathan M Rothberg

Director

Sale351,617$4.03$1.4M
2026-01-05

Victor Ku

Chief Technology Officer

Sale35,968$3.82$137.4K
2025-12-26

Jonathan M Rothberg

Director

Sale14,911$4.01$59.8K
2025-12-24

Jonathan M Rothberg

Director

Sale2,673$4.00$10.7K
2025-12-23

Jonathan M Rothberg

Director

Sale44,781$4.01$179.4K
2025-12-16

Jonathan M Rothberg

Director

Sale50,360$3.14$157.9K
2025-12-16

Jonathan M Rothberg

Director

Sale196,662$3.14$616.8K
2025-12-16

Jonathan M Rothberg

Director

Sale37,964$3.14$119.1K
2025-12-15

Jonathan M Rothberg

Director

Sale601,308$3.16$1.9M
2025-12-15

Louise S. Phanstiel

Director

Purchase185,261$3.08$571.2K
2025-12-12

Jonathan M Rothberg

Director

Sale82,262$3.08$253.4K
2025-12-12

Jonathan M Rothberg

Director

Sale111,031$3.08$342.0K
2025-12-11

Larry Robbins

Director

Purchase21,370$3.02$64.5K
2025-12-11

Jonathan M Rothberg

Director

Sale123,354$3.08$380.1K
2025-12-10

Jonathan M Rothberg

Director

Sale288,918$3.13$905.2K
2025-12-09

Jonathan M Rothberg

Director

Sale176,070$3.11$546.8K
2025-12-08

Jonathan M Rothberg

Director

Sale543,601$3.27$1.8M
2025-12-08

Jonathan M Rothberg

Director

Sale225,726$3.27$738.7K

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns BFLY

Institutional value

$230.0M

Total shares held

57.4M

Distinct holders

146

-56 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1BlackRock, Inc.16.0M$64.5M+1.0M (+6.9%)Added
2VANGUARD CAPITAL MANAGEMENT LLC8.2M$33.1MNew
3ARK Investment Management LLC5.2M$21.1M-1.0M (-16.3%)Trimmed
4Nuveen, LLC3.7M$15.1M+3.2M (+579.2%)Added
5DIMENSIONAL FUND ADVISORS LP2.4M$9.5M+557.1K (+30.9%)Added
6SEI INVESTMENTS CO2.3M$9.3M+539.2K (+30.6%)Added
7DEUTSCHE BANK AG\2.3M$9.1M+611.3K (+37.0%)Added
8JANE STREET GROUP, LLC1.9M$7.8M+1.1M (+123.2%)Added
9VANGUARD PORTFOLIO MANAGEMENT LLC1.8M$7.4MNew
10UBS Group AG1.5M$5.9M-701.3K (-32.3%)Trimmed
11VANGUARD FIDUCIARY TRUST CO1.4M$5.7MNew
12PERKINS CAPITAL MANAGEMENT INC930.9K$3.8M+7.2K (+0.8%)Added
13ISTHMUS PARTNERS, LLC689.2K$2.8M+0 (+0.0%)No change
14JPMORGAN CHASE & CO719.0K$2.8M-44.3K (-5.8%)Trimmed
15CITIGROUP INC593.9K$2.4M+313.3K (+111.7%)Added
16Bank of New York Mellon Corp447.6K$1.8M-48.1K (-9.7%)Trimmed
17Invesco Ltd.406.2K$1.6M+18.3K (+4.7%)Added
18Swiss National Bank401.2K$1.6MNew
19Palumbo Wealth Management LLC360.3K$1.5M-53.0K (-12.8%)Trimmed
20OPPENHEIMER & CO INC328.3K$1.3M-2.1K (-0.6%)Trimmed

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Top questions investors are asking

Coming once BFLY's latest filing finishes processing.