Butterfly Network, Inc. (BFLY)

From the record

Butterfly Network, Inc.'s filings since 2020 show 4 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2026-01-14); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-05-04); an auditor change (8-K item 4.01, the latest 2021-02-16) (its current reports).

From the record

Butterfly Network, Inc.'s 7 filed years say what it did: revenue went from $28 million in fiscal 2019 to $98 million in fiscal 2025, up 23.4% a year; it rose in 5 of 6 years; the deepest fall was 10% from fiscal 2022 to fiscal 2023; net income was positive in 0 of 7 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Butterfly Network, Inc. lost about 39 cents for every dollar of shareholders' money, and gross profitability: its products earned about 15 cents per dollar of everything the company owns. Leverage: it owed about 34 cents per dollar of assets, and net share issuance: its share count grew 16.7% over the year (the filed statements).

From the record

Butterfly Network, Inc.'s standing among 23 graded names in its industry family: revenue of $98 million in fiscal 2025 ranks in the bottom 25% by size; a net margin of -79% ranks in the bottom 11%; revenue growth of 10% a year over the last 3 filed years ranks in the top 37% (its annual reports).

From the record

Butterfly Network, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Devivo, Joseph (President & CEO, as filed), filing under that title since 2023-04-26, 3.6 years (bottom 44% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 2.9 years (bottom 15%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (bottom 47%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Butterfly Network, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $155 million against no long-term debt tagged leaves 52.1% of its assets as net cash, top 7% of its family; cash from operations less capital spending is -16.4% of revenue (bottom 11%); a gross margin of 46.9% (top 42%); research spending of 37.1% of revenue (top 7%) (its annual report).

From the record

Butterfly Network, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 10% a year over the last three filed years against 23.4% over all 7, slowing (bottom 7% of its family); the newest year grew 19% (top 15%); research spending grew -25.6% a year (bottom 8%); capital spending grew -43.2% a year (bottom 2%) (its annual reports). Butterfly Network, Inc. reported 2 product lines in fiscal 2025: Product at $63 million (65%), Software and Other Services at $34 million (35%); 2 of 2 grew against the year before (its annual report).

From the record

Butterfly Network, Inc.'s newest year against its own record: revenue of $98 million in fiscal 2025 came in 12.5% above the $87 million its prior three years' pace pointed to (top 11% of its family); net income of $77 million against a prior three-year average of $125 million (top 48%); a net margin of -79% against losses larger than its revenue before (top 7%) (its annual reports).