Butterfly Network, Inc.

For the period ended Mar 31, 2025. Filed May 2, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 2, 2025

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

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except share and per share amounts)

	Three months ended March 31,
	2025	2024
Revenue:
Product	$14,164	$11,291
Software and other services	7,061	6,365
Total revenue	21,225	17,656
Cost of revenue:
Product	5,824	5,096
Software and other services	2,021	2,284
Total cost of revenue	7,845	7,380
Gross profit	13,380	10,276
Operating expenses:
Research and development	9,924	10,720
Sales and marketing	11,620	10,378
General and administrative	9,600	10,442
Other	704	1,357
Total operating expenses	31,848	32,897
Loss from operations	(18,468)	(22,621)
Interest income	1,651	1,511
Interest expense	(347)	(300)
Change in fair value of warrant liabilities	826	(207)
Other income (expense), net	2,378	(141)
Loss before provision for income taxes	(13,960)	(21,758)
Provision for income taxes	7	3
Net loss and comprehensive loss	$(13,967)	$(21,761)
Net loss per common share attributable to Class A and B common stockholders, basic and diluted	$(0.06)	$(0.10)
Weighted-average shares used to compute net loss per share attributable to Class A and B common stockholders, basic and diluted	234,923,536	208,873,449

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.