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BFLY

Butterfly Network, Inc.

BFLY

NYSE·Healthcare·Medical - Devices·Mkt cap $2.1B

$7.44

-6.18%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$1.32 - $9.69

P/E

-25.21

Fwd P/E

-47.67

Beta

2.20

Div Yield

0.00%

Avg Vol

6.8M

Shares Out

254.6M

Mkt Cap

$2.1B

Price action

Price chart

Up 304.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Proprietary single-probe whole-body ultrasound technology enabling portability and ease-of-use
  • Smartphone and tablet integration reducing capital expenditure and expanding addressable market
  • Integrated software ecosystem (Compass, Blueprint) creating healthcare system lock-in and recurring revenue
  • Established direct sales force and multi-channel distribution strategy
  • Clinical education platform (Butterfly Academy) building user loyalty and expanding adoption

Bear Case

1 risk

  • High volatility (beta 2.2). Larger-than-normal price swings expected.

Growth

Stable outlook

Expansion of point-of-care ultrasound adoption in emergency departments, primary care, and rural healthcare

Value

Deep value opportunity - significant discount to Medical Devices peers

Momentum

Hot

+92.9% over 3m

Quality

Strong

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 31, 2026

Q2 26 RECAP

APR 30, 2026

Reported EPS of -$0.03 vs -$0.04 consensus (+25.0% surprise). Revenue of $26.5M vs $26.1M expected (+1.7%). Beat on both top and bottom lines.

EPS beat +25.0%
Rev beat +1.7%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+25.0%

Next: Jul 31, 2026

Revenue trend · last 8Q

+35%

+20%

+9%

+5%

+41%

+25%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$21.5M

$20.6M

$22.4M

$21.2M

$23.4M

$21.5M

$31.5M

$26.5M

Margins · last 8Q

Gross

Operating

Profit

-47.8%

Wall Street consensus

3 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

100%

Hold

0%

Sell

0%

Median Price Target

Latest: Freedom Broker · Mar 2, 2026

vs Industry

How BFLY stacks vs Medical - Devices

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.