Butterfly Network, Inc. reported results for the quarter ended 2026 with revenue of $32.61M, up 39.5% from $23.38M a year earlier, and a net loss of ($12.91M) compared with ($13.83M) in the prior-year quarter; diluted loss per share was ($0.05) versus ($0.06) a year ago.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$32.61M$23.38M39.5% | Net income²($12.91M)($13.83M)6.7% | Diluted EPS³($0.05)($0.06)16.7% |
¹ Reported as “Total revenue”. ² Reported as “Net loss and comprehensive loss”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Software and services revenue surged ~149.8% year-over-year in the quarter, increasing the company mix to 51.8% software/services as embedded partnerships expanded recurring revenue.
- Probe unit volume rose, with higher U.S. health system, medical school and eCommerce adoption supporting unit growth (probe volume +22.5 units quarter-over-quarter).
- Company increased R&D and G&A headcount and product engineering spend to advance its roadmap and SaaS capabilities, while continuing commercial expansion funded by operations and cash reserves.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.