Butterfly Network Q4 revenue $31.5M (+41% YoY); first positive operating cash flow quarter; FY2026 guidance $117-121M

Butterfly Network, Inc.

2025-FY EPS reported -$0.31 revenue$97,610,000

Record quarterly revenue of $31.5M, up 41% YoY; Midjourney partnership contributed $6.8M in Q4.
Generated positive net cash flow of $6.3M in Q4; cash and equivalents $150.5M at year-end.
GAAP gross margin improved to 67.3% from 61.4%; net loss narrowed to $15.3M from $18.1M.
FY2026 revenue guidance of $117-121M (20-24% growth); Adj EBITDA loss expected $21-25M.
Operational highlights: Butterfly Embedded brand launched, P5.1 chip in production, GovRAMP achieved.

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