---
schema_version: "secwatch.filing_event.v1"
accession: "0001804176-26-000014"
form_type: "8-K"
ticker: "BFLY"
cik: "0001804176"
company_name: "Butterfly Network, Inc."
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T01:03:21.248548+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Butterfly Network Q1 revenue $26.5M (+25% YoY) beats consensus; reaffirms FY guidance

## Summary
- Q1 revenue $26.5M (+25% YoY); gross margin 68.9% (up 600 bps YoY).
- Adjusted EBITDA loss $(6.1M), improved 32% YoY from $(9.1M).
- GAAP net loss $12.7M ($(0.05) EPS); adjusted EPS $(0.03).
- FY 2026 reaffirmed: revenue $117-121M, adj. EBITDA loss $21-25M.
- Q2 2026 guidance: revenue $27-31M, adj. EBITDA loss $6-8M.

## SEC filing metadata
- accession: 0001804176-26-000014
- form_type: 8-K
- ticker: BFLY
- cik: 0001804176
- company_name: Butterfly Network, Inc.
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804176/000180417626000014/0001804176-26-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804176/000180417626000014/bfly-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001804176-26-000014
- JSON: https://secwatch.observer/filing/0001804176-26-000014.json
- Plain text: https://secwatch.observer/filing/0001804176-26-000014.txt

## Key facts
- Earnings Releases
  Butterfly Network, Inc. reported the first quarter ended March 31, 2026 results: revenue $26.5 million, net income $12.7 million, EPS $(0.05). Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2026
  - Revenue: $26.5 million
  - Net income: $12.7 million
  - EPS: $(0.05)
  - Guidance: reaffirmed
  - Result: reported results
  source text: Revenue: Total revenue was $26.5 million, representing growth of 25% from $21.2 million in the first quarter of 2025. U.S. revenue was $21.4 million, up 25% from prior year, primarily driven by revenue from our Butterfly EmbeddedTM partnerships, including our co-development partnership with Midjourney. International revenue increased 23% year-over-year to $5.2 million, largely resulting from increased probe sales in the current year to our distribution partners. Both our U.S. and international revenue also benefited from favorable shifts in our product sales mix towards our higher-priced iQ3 probes. Gross margin: Gross profit was $18.3 million versus gross profit of $13.4 million in the prior year period. Gross margin increased to 68.9% compared to 63.0% in the prior year period. This increase was primarily due to the relatively higher margin return on our Butterfly EmbeddedTM licensing revenue, as compared to our core business offerings, as well as a reduction in software amortization
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804176/000180417626000014/0001804176-26-000014-index.htm

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