Butterfly Network Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
BFLY$6.67+4.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $88,775 | $134,437 |
| Accounts receivable, net of allowance for doubtful accounts of $2,583 and $1,787 at December 31, 2024 and December 31, 2023, respectively | 20,793 | 13,418 |
| Inventories | 70,789 | 73,022 |
| Current portion of vendor advances | 5,547 | 2,815 |
| Prepaid expenses and other current assets | 6,709 | 7,571 |
| Total current assets | 192,613 | 231,263 |
| Property and equipment, net | 19,518 | 25,321 |
| Intangible assets, net | 8,916 | 10,317 |
| Non-current portion of vendor advances | 15,042 | 15,276 |
| Operating lease assets | 14,233 | 15,675 |
| Other non-current assets | 5,760 | 6,422 |
| Total assets | $256,082 | $304,274 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $4,250 | $5,090 |
| Deferred revenue, current | 16,139 | 15,625 |
| Accrued purchase commitments, current | 131 | 131 |
| Accrued expenses and other current liabilities | 27,695 | 23,425 |
| Total current liabilities | 48,215 | 44,271 |
| Deferred revenue, non-current | 7,315 | 7,394 |
| Warrant liabilities | 2,685 | 826 |
| Operating lease liabilities | 20,398 | 22,835 |
| Other non-current liabilities | 8,637 | 8,895 |
| Total liabilities | 87,250 | 84,221 |
| Commitments and contingencies (Note 17) | ||
| Stockholders’ equity: | ||
| Class A common stock $.0001 par value; 600,000,000 shares authorized at December 31, 2024 and December 31, 2023; 188,626,154 and 181,221,794 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 19 | 18 |
| Class B common stock $.0001 par value; 27,000,000 shares authorized at December 31, 2024 and December 31, 2023; 26,426,937 shares issued and outstanding at December 31, 2024 and December 31, 2023 | 3 | 3 |
| Additional paid-in capital | 970,940 | 949,670 |
| Accumulated deficit | (802,130) | (729,638) |
| Total stockholders’ equity | 168,832 | 220,053 |
| Total liabilities and stockholders’ equity | $256,082 | $304,274 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.