Highest-materiality recent filing
Butterfly Network director Dr. Erica Schwartz resigns to become CDC Director
Dr. Erica Schwartz resigned from Butterfly Network's Board effective Aug 5, 2026, upon U.S. Senate confirmation as CDC Director.
Q2 revenue $32.6M, up 39% YoY; gross margin 71.4% (up 770 bps); net loss $12.9M vs $13.8M.
Butterfly Network shareholders elect all seven director nominees, ratify auditor, approve say-on-pay
All seven director nominees (DeVivo, Rothberg, Robbins, Neubauer, Edelman, Phanstiel, Schwartz) elected with >99% of votes cast.
Dr. Erica Schwartz to resign as director if confirmed as CDC Director; nominated by President Trump April 16, 2026.
Butterfly Network Q1 revenue $26.5M (+25% YoY) beats consensus; reaffirms FY guidance
Q1 revenue $26.5M (+25% YoY); gross margin 68.9% (up 600 bps YoY).
Record quarterly revenue of $31.5M, up 41% YoY; Midjourney partnership contributed $6.8M in Q4.
NYSE to delist Butterfly Network warrants (BFLY WS) due to abnormally low selling price
NYSE notified Butterfly Network on Jan 13, 2026, to delist its warrants (BFLY WS) and suspend trading immediately due to 'abnormally low selling price' per Section 802.01D.
Butterfly Network expects Q4 2025 revenue growth of at least 17% YoY
Preliminary Q4 2025 revenue growth of at least 17% year over year.
Exclusive license to Midjourney for Butterfly's semiconductor-based ultrasound technology in a specified field of use.
Revenue $21.5M, up 5% YoY from $20.6M; adjusted gross margin 63.9% vs 60.0% prior year.
Butterfly Network appoints John Doherty as CFO effective Dec 8, 2025
John Doherty, former CFO of Kaltura and Magic Leap, named EVP, CFO of Butterfly Network, effective Dec 8, 2025.
Butterfly Q2 revenue $23.4M (+9% YoY), record gross margins, CFO resigns
Q2 revenue $23.4M (+9% YoY); gross margin 63.7% vs 58.6% prior year; record quarterly highs.
All seven director nominees elected with over 99% of votes cast; Joseph DeVivo led with 619,242,104 votes for.
Butterfly Network Q1 revenue $21.2M (+20% YoY); net loss reduced 36%; reiterates FY guidance
Revenue $21.2M (+20% YoY); U.S. revenue $16.6M (+24%) driven by iQ3 probe and partner chip sales.
Butterfly Network Q4 revenue up 35% to $22.4M; net loss down 59%; guides FY2025 revenue $96-100M
Q4 revenue $22.4M (+35% YoY); product revenue $14.7M (+45%); software revenue $7.6M (+20%).
Butterfly Network prices public offering of 24M shares at $3.15, raising ~$75.6M
Offering of 24,000,000 shares of Class A common stock at $3.15 per share; underwriters have 30-day option for additional 3,600,000 shares.
Butterfly reports preliminary cash ~$92.8M; launches public stock offering
Preliminary cash, cash equivalents, and restricted cash of ~$92.8M at Dec 31, 2024 (unaudited, subject to change).
Butterfly Network reports preliminary Q4 2024 revenue growth of ~35% YoY
Preliminary unaudited Q4 2024 revenue growth approximately 35% year over year.
Butterfly Network Q3 revenue $20.6M (+33% YoY), raises FY 2024 guidance
Q3 revenue $20.6M (+33% YoY); net loss improved 38% to $16.9M; adjusted EBITDA loss $8.4M.
Butterfly Network Q2 revenue $21.5M (record), net loss down 45%, raises EBITDA guidance
Record quarterly revenue of $21.5M, up 16% YoY; product revenue $14.6M (+19%) and software $6.8M (+10%).
Stockholders approve 2024 ESPP and charter amendments at annual meeting
All seven director nominees re-elected with >95% votes in favor.
Q1 revenue $17.7M, up 14% YoY; net loss narrowed to $21.8M from $33.5M.
Butterfly Network Q4 revenue $16.5M, net loss $44.1M; guides FY2024 low double-digit growth
Q4 2023 revenue $16.5M, down 13% YoY; U.S. revenue $10.9M (-3% YoY), international $4.6M (-24%).
Butterfly Network board member Pettiti resigns; Carfora, Shwartz appointed to committees
Gianluca Pettiti resigned from Board, Audit Committee, and Compensation Committee effective upon replacement; cites external opportunities, no disagreement.
Butterfly Network Q3 revenue falls 21% to $15.4M; narrows adjusted EBITDA loss guidance
Revenue $15.4M vs $19.6M YoY; product revenue down 34% to $8.8M.
Revenue $18.5M, down 3.8% YoY; US up 21% to $14.3M, international down 44%.
Butterfly Network announces 25% workforce reduction to reduce cash use by ~$2M/month
Board approved plan on July 11, 2023 including 25% workforce reduction and strategic realignment.
Butterfly Network stockholders re-elect all 8 director nominees at 2023 annual meeting
All eight director nominees re-elected; Joseph DeVivo received 594M votes for, 3.3M against.
Butterfly Network Q1 revenue flat at $15.5M; net loss narrows to $33.5M
Total revenue $15.5M flat YoY; product revenue down 19.7% to $8.8M, software/services up 45.4% to $6.6M.
Joseph DeVivo appointed President, CEO, and Chairman of Butterfly Network, effective April 24, 2023
DeVivo replaces Jonathan Rothberg as CEO; Rothberg remains on board.
Delaware Chancery validates Butterfly Network's charter amendment and share issuance
Court granted Section 205 petition validating 400M share increase and 164.9M Class A shares issued.
Butterfly Network confirms no deposits or investments at Silicon Valley Bank
FDIC took control of Silicon Valley Bank on March 10, 2023, due to liquidity concerns.
Butterfly Network Q4 2022 revenue flat at $19M; guides FY2023 revenue growth high-teens to low-20%
Q4 total revenue $19.0M flat YoY; product revenue down 12.2% to $12.7M, software revenue up 38.3% to $6.3M.
Butterfly Network files petition to validate charter amendment after Boxed ruling
Filed petition in Delaware Court of Chancery under Section 205 to resolve uncertainty over authorized share capital increase from 200M to 600M shares.
Board member John Hammergren resigns from Butterfly Network
John Hammergren resigned from the Board of Directors effective January 25, 2023, citing personal matters.
Butterfly Network to cut ~25% of workforce, expects $5-6M severance charges
Board approved plan on Jan 4, 2023 to reduce operating expenses and extend liquidity.
Butterfly Network finalizes ex-CEO Fruchterman separation with $150K payment, share vesting
Separation agreement signed Dec 22; adds ~$150,000 cash payment beyond previously disclosed terms.
Butterfly Network CEO Todd Fruchterman departs; Founder Jonathan Rothberg named Interim CEO
Todd Fruchterman leaves as President, CEO, and board member, effective year-end 2022.
Butterfly Q3 revenue up 34% to $19.6M but net loss widens; cuts FY revenue guide; CCO resigns
Q3 revenue $19.6M (+34% YoY); product $13.2M, software/other $6.5M.
Q2 revenue $19.2M (+16.4% YoY); product $13.4M, subscription $5.8M (+65.3%).
Butterfly Network shareholders re-elect all nine directors, approve say-on-pay frequency every year
All nine incumbent directors re-elected at June 16 annual meeting; no dissident slate.
Butterfly Network Q1 revenue up 25% to $15.6M; net loss widens to $44.5M
Revenue $15.6M (+25.2% YoY); product rev $11.0M (+14.8%), subscription rev $4.6M (+60.1%).
Butterfly Network appoints Heather Getz as CFO effective May 2, 2022
Heather Getz appointed EVP, CFO, Treasurer effective May 2, 2022, succeeding Stephanie Fielding who resigned.
Butterfly Network Q1 2021 revenue $12.4M (up 43.5% YoY); subscription revenue up 94.9%
Product revenue $9.6M, subscription revenue $2.8M; gross margin 51.6% vs (9.6)% prior year.
Butterfly Network corrects signature on 8-K; lease for new HQ in Burlington detailed
Amendment only fixes missing signature on May 2021 8-K; no change to original disclosure.
Filing corrects signature deficiency on June 2021 8-K; no financial or disclosure changes.
Butterfly Network COO David Perri stepped down effective June 30, 2021
Severance includes six months of base salary paid as continued salary.
Butterfly Network CEO Todd Fruchterman compensation: $750K base, $1M signing bonus, equity awards
Todd Fruchterman appointed CEO effective Feb 1, 2021; base salary $750,000.
Butterfly Network Q2 2021 revenue $16.5M (+40% YoY); gross margin 49.8%
Product revenue $13.0M (+30.3%); subscription revenue $3.5M (+94.3%).
Butterfly Network appoints Dr. Erica Schwartz to Board, establishes Technology Committee
Dr. Erica Schwartz appointed to Board effective Sep 8, 2021; also serves on new Technology Committee.
On May 4, 2026, Dr. Erica Schwartz notified the Board of Directors (the “Board”) of Butterfly Network, Inc. (the “Company”) that she will resign as a director of the Company subject to and effective upon her confirmation as Director of the Centers for Disease Control and Prevention (the “CDC”) by the U.S. Senate.
On May 7, 2026, the Board appointed Caroll H. Neubauer to the Board, effective on May 18, 2026 (the “Effective Date”).
Mr. Pettiti’s resignation from the Board was to pursue other external opportunities and is not due to any disagreement with the Company’s operations, policies, or practices.
the Board approved the appointment of Joseph DeVivo as President and Chief Executive Officer, principal executive officer, and Chairman of the Board, effective as of April 24, 2023
On January 25, 2023, John Hammergren, a member of the Board of Directors (the “Board”) of Butterfly Network, Inc. (the “Company”), notified the Company that he is resigning from the Board, effective as of the same date.
Dr. Jonathan Rothberg, the Company’s Founder and Chairman of the Board, will serve as Interim CEO during this time of transition.
the Company and Todd Fruchterman, M.D., Ph.D. have mutually agreed that Dr. Fruchterman will leave his position as President and Chief Executive Officer and as a member of the Board of Directors
On November 1, 2022, Stacey Pugh, Chief Commercial Officer of the Company, notified the Company of her resignation effective as of November 24, 2022 to pursue another opportunity.
Heather C. Getz, CPA, MBA, was appointed by the board of directors as Executive Vice President and Chief Financial Officer and Treasurer, effective May 2, 2022
on January 31, 2022, Stephanie Fielding, CFA, delivered her resignation as the Chief Financial Officer of the Company, effective as of April 30, 2022
On June 18, 2021, David Perri stepped down from his position as Chief Operating Officer of Butterfly Network, Inc. (the “ Company ”), effective June 30, 2021.
pursuant to which the Predecessor Company employed Dr. Fruchterman as its Chief Executive Officer commencing February 1, 2021.
Max materiality 0.85 · Median 0.65 · Most common event earnings