Butterfly Network, Inc. (BFLY)
NYSE:BFLY
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and commercial highlights — double‑digit revenue growth, margin expansion, meaningful Embedded revenue acceleration, major FDA AI clearance, enterprise software traction and product roadmap visibility — while acknowledging remaining challenges: continued adjusted EBITDA losses, reliance on higher‑end device mix, timing and concentration risks in Embedded and Home rollouts, and regulatory/legal timing in the EU. On balance, the positives (growth, margin improvement, product/regulatory milestones and sizable cash balance) outweigh the lowlights, with management reiterating guidance and emphasizing disciplined investment toward scalable opportunities.Company Guidance
Strong Top-Line Growth
Q1 revenue of $26.5M, up 25% year-over-year; U.S. revenue $21.4M (+25% YoY) and international revenue $5.2M (+23% YoY).
Improved Profitability Metrics
Gross profit of $18.3M, up 37% YoY; gross margin increased to 69% from 63% (a +6 percentage-point increase, ~+9% relative improvement).
Adjusted EBITDA and Cash Improvement
Adjusted EBITDA loss improved to $6.1M vs. $9.1M prior year (32% improvement). Cash & cash equivalents $138M; quarterly cash use $12.5M, an improvement of $2.2M (15%) versus prior-year quarter.
Embedded Business Acceleration
Butterfly Embedded revenue $5.7M, up 147% YoY, primarily driven by the Midjourney partnership; Embedded now a material and growing revenue engine.
POCUS Hardware Mix Driving Higher ASPs
Probe unit sales up 5% in the quarter; mix shift to higher-end iQ3 drove an 11% year-over-year improvement in average selling price. iQ3 sales +39% YoY.
AI & Regulatory Milestone — GA Blind Sweep Clearance
First-ever FDA clearance of a blind-sweep gestational age (GA) AI tool (2-minute fetal age estimation), trained on ~21 million images; FDA publicly highlighted the clearance.
Ecosystem & Software Momentum
Butterfly Garden expanded to 30 partners (2 new this quarter); four partners have received FDA clearances; Compass AI pipeline up sharply YoY, closed first enterprise deal this quarter including a 7-figure software total contract value (TCV).
Education & Enterprise Traction
Nearly 1,000 probes sold so far this year to medical school programs across six institutions, and initial enterprise Compass AI adoption underway with expectations of growing enterprise revenue in 2026.
Security & Federal Readiness
Achieved HITRUST r2 certification and entry into the FedRAMP marketplace process (VA sponsorship), enhancing ability to pursue large health systems and federal opportunities.
Product & Platform Roadmap
Apollo chip and Embedded roadmap highlighted as future revenue catalysts; ninth Embedded partner signed, multiple additional partners expected; new probe planned early next year (harmonics with CMA) and a station targeted in early-mid 2027.
Home and Community Care Progress
Butterfly Home & Community Care planning first commercial agreement in H1 2026 with initial statewide deployment and nurse training in Q3; expectation of revenue contribution in H2 2026 and expansion in 2027.
BFLY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BFLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $4.92 | $4.79 | -2.64% |
Feb 26, 2026 | $3.10 | $4.67 | +50.65% |
Oct 31, 2025 | $2.04 | $2.69 | +31.86% |
Aug 01, 2025 | $1.71 | $1.40 | -18.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Butterfly Network, Inc. (BFLY) report earnings?
Butterfly Network, Inc. (BFLY) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Butterfly Network, Inc. (BFLY) earnings time?
Butterfly Network, Inc. (BFLY) earnings time is at Jul 30, 2026, After Close (Confirmed).
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What is BFLY EPS forecast?
BFLY EPS forecast for the fiscal quarter 2026 (Q2) is -0.04.