---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-008868"
form_type: "8-K"
ticker: "BFLY"
cik: "0001804176"
company_name: "Butterfly Network, Inc."
filed_at: "2025-02-28T23:59:59+00:00"
generated_at: "2026-05-25T23:53:44.262929+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Butterfly Network Q4 revenue up 35% to $22.4M; net loss down 59%; guides FY2025 revenue $96-100M

## Summary
- Q4 revenue $22.4M (+35% YoY); product revenue $14.7M (+45%); software revenue $7.6M (+20%).
- Gross margin improved to 61.4% from negative 75.9%; adjusted gross margin 61.4% vs 56.6%.
- Net loss $18.1M (down 59% from $44.1M); adjusted EBITDA loss $9.1M (down from $15.7M).
- Completed public offering Jan 31, 2025 with $81.7M net proceeds; cash $92.8M at year-end.
- FY2025 guidance: revenue $96-100M (~20% growth); adj. EBITDA loss $37-42M.

## SEC filing metadata
- accession: 0001628280-25-008868
- form_type: 8-K
- ticker: BFLY
- cik: 0001804176
- company_name: Butterfly Network, Inc.
- filed_at: 2025-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804176/000162828025008868/0001628280-25-008868-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804176/000162828025008868/bfly-20250228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-008868
- JSON: https://secwatch.observer/filing/0001628280-25-008868.json
- Plain text: https://secwatch.observer/filing/0001628280-25-008868.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.