Butterfly Network Inc

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 28, 2025

BFLY$6.51-2.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Loss

(In thousands, except shares and per share amounts)

	Year ended December 31,
	2024	2023	2022
Revenue:
Product	$54,200	$40,036	$50,263
Software and other services	27,856	25,864	23,127
Total revenue	82,056	65,900	73,390
Cost of revenue:
Product	24,380	40,655	26,804
Software and other services	8,845	8,389	7,126
Total cost of revenue	33,225	49,044	33,930
Gross profit	48,831	16,856	39,460
Operating expenses:
Research and development	37,800	55,616	88,044
Sales and marketing	41,567	39,073	59,494
General and administrative	39,810	49,613	77,596
Other	4,065	18,164	7,346
Total operating expenses	123,242	162,466	232,480
Loss from operations	(74,411)	(145,610)	(193,020)
Interest income	5,020	7,450	3,384
Interest expense	(1,261)	—	(2)
Change in fair value of warrant liabilities	(1,859)	4,544	20,859
Other income (expense), net	(13)	(2)	98
Loss before provision for income taxes	(72,524)	(133,618)	(168,681)
Provision (benefit) for income taxes	(32)	82	42
Net loss and comprehensive loss	$(72,492)	$(133,700)	$(168,723)
Net loss per common share attributable to Class A and B common stockholders, basic and diluted	$(0.34)	$(0.65)	$(0.84)
Weighted-average shares used to compute net loss per share attributable to Class A and B common stockholders, basic and diluted	211,682,760	205,385,544	199,848,386

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.