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Butterfly Network (BFLY)
NYSE:BFLY
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.04Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a strong turnaround in Q4 and FY2025 with record quarterly revenue (+41% YoY), significant margin and cash-flow improvements, a transformative Embedded partnership (Midjourney), an expanding software mix (+76% YoY for software & services) and clear R&D progress (P5.1 in production, Apollo in development). Challenges remain including international softness, a steep decline in iQ+ sales, continued adjusted EBITDA losses (albeit improved), and timing uncertainty for Embedded commercialization and home-care revenue. Overall the positive operational and financial momentum, solid cash position, and strategic partnerships materially outweigh the near-term and execution risks.Company Guidance
Record Quarterly Revenue
Q4 2025 revenue of $31.5M, a 41% year-over-year increase and the highest quarterly revenue in company history.
Full-Year Revenue Growth
Total revenue for FY2025 of $97.6M, up 19% versus FY2024, driven by core POCUS volume increases and Butterfly Embedded contribution.
Strong U.S. Performance
U.S. revenue in Q4 of $26.8M, up 55% year-over-year, with U.S. unit sales up 44%.
Software & Services Momentum
Software and other services revenue in Q4 of $13.4M, up 76% year-over-year; software & services mix increased to 43% of revenue from 34% in Q4 2024.
Improved Gross Profit and Margin
Q4 gross profit of $21.2M, a 55% increase vs prior year; gross margin improved to 67% from 61%, helped by higher-margin Embedded revenue and lower software amortization.
Adjusted EBITDA and Cash Flow Improvement
Q4 adjusted EBITDA loss narrowed to $3.2M from $9.1M a year earlier (65% improvement). FY2025 adjusted EBITDA loss improved 32% to $26.5M from $38.9M. Company generated positive free cash flow of $6.3M in Q4.
Lower Cash Burn and Strong Balance Sheet
Cash and cash equivalents (including restricted cash) at year-end were $154.5M. Cash use in 2025 was $19.4M versus $45.9M in 2024, an improvement of $26.4M — the lowest annual cash use in company history.
Butterfly Embedded / Midjourney Deal
Signed a $74M Midjourney contract (announced Nov 2025) that contributed $6.8M of Q4 revenue; partnership provides upfront payments, annual license fees, milestone work and potential future chip sales and revenue share.
Enterprise Product & Pipeline Momentum
Compass AI launch in Q4 boosted the enterprise pipeline by more than 50%; company closed a second large system-wide enterprise deal in Q4 and reported record probe sales.
Regulatory & Security Milestones
Achieved GovRAMP and TXRAMP in the U.S.; FedRAMP anticipated soon. HeartFocus became the first FDA-cleared Butterfly Garden app in 2025; beam-steering API (enabling 3D imaging for partners) planned for H1 2026.
R&D and Chip Roadmap Progress
5th-generation P5.1 chip moved to production by year-end 2025; Apollo architecture under development aiming for ~20x current data rate and compute performance, enabling future capabilities and Embedded partnerships.
FY2026 Growth Guidance
Management guided FY2026 revenue of $117M–$121M (approximately +20%–24% YoY) and expected adjusted EBITDA loss of $21M–$25M, reflecting continued growth and investment in Embedded and core businesses.
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 |
|---|---|---|---|
Oct 31, 2025 | $2.04 | $2.69 | +31.86% |
Aug 01, 2025 | $1.71 | $1.40 | -18.13% |
May 02, 2025 | $2.34 | $2.33 | -0.43% |
Feb 28, 2025 | $3.73 | $3.62 | -2.95% |
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 (BFLY) report earnings?
Butterfly Network (BFLY) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Butterfly Network (BFLY) earnings time?
Butterfly Network (BFLY) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BFLY EPS forecast?
BFLY EPS forecast for the fiscal quarter 2026 (Q1) is -0.04.