---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-021667"
form_type: "8-K"
ticker: "BFLY"
cik: "0001804176"
company_name: "Butterfly Network, Inc."
filed_at: "2025-05-02T23:59:59+00:00"
generated_at: "2026-05-22T23:00:44.454004+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Butterfly Network Q1 revenue $21.2M (+20% YoY); net loss reduced 36%; reiterates FY guidance

## Summary
- Revenue $21.2M (+20% YoY); U.S. revenue $16.6M (+24%) driven by iQ3 probe and partner chip sales.
- Net loss improved to $14.0M from $21.8M; Adjusted EBITDA loss $9.1M vs $13.2M prior year.
- Adjusted EPS $(0.04) vs $(0.07) prior year; Gross margin expanded to 63.0% from 58.2%.
- Cash and equivalents $155.2M; raised $81.7M net in Jan 2025 public offering.
- Reiterated FY2025 guidance: revenue $96-100M (~20% growth), Adj EBITDA loss $37-42M.

## SEC filing metadata
- accession: 0001628280-25-021667
- form_type: 8-K
- ticker: BFLY
- cik: 0001804176
- company_name: Butterfly Network, Inc.
- filed_at: 2025-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804176/000162828025021667/0001628280-25-021667-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804176/000162828025021667/bfly-20250502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-021667
- JSON: https://secwatch.observer/filing/0001628280-25-021667.json
- Plain text: https://secwatch.observer/filing/0001628280-25-021667.txt

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