Butterfly Network, Inc. (NYSE: BFLY) recently released its financial results for the fourth quarter and full year ended December 31, 2025, showcasing significant growth and achievement. Here are the detailed highlights of the financial performance:
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Record Quarterly Revenue: Butterfly Network reported a quarterly record revenue of $31.5 million in Q4, representing an impressive 41% year-over-year growth from $22.4 million in the fourth quarter of 2024.
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Positive Net Cash Flow: The company generated positive net cash flow of $6.3 million in Q4, marking the lowest annual cash usage in the company's history.
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Revenue Breakdown: U.S. revenue amounted to $26.8 million, reflecting a robust 55% increase from the prior year, driven by revenue from a new co-development partnership with Midjourney and increased probe sales. International revenue decreased 6% year-over-year to $4.7 million.
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Gross Margin: Butterfly Network's gross profit was $21.2 million, compared to $13.7 million in the previous year period. The total gross margin, on a GAAP basis, increased to 67.3% from 61.4% in the prior year period.
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Operating Expenses: Operating expenses were $37.9 million, up 22% from $31.0 million in the prior year period. Total operating expenses, excluding stock-based compensation and other expenses, were $26.2 million.
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Net Loss and Adjusted EBITDA: The net loss was $15.3 million, an improvement from $18.1 million in the prior year period. Additionally, the adjusted EBITDA loss was $3.2 million, compared to $9.1 million in the prior year period.
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Cash and Cash Equivalents: The company had cash and cash equivalents of $150.5 million as of December 31, 2025.
Looking ahead, Butterfly Network provided revenue guidance of $117 million to $121 million for the fiscal year 2026, representing approximately 20% to 24% growth, along with an adjusted EBITDA loss of $21 million to $25 million.
Today the company's shares have moved -8.57% to a price of $4.16. For the full picture, make sure to review Butterfly Network's 8-K report.
