Here are the 10-Q quarterly reports from Butterfly Network Inc (BFLYW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BFLYW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BFLYW filings page.
Butterfly Network reported Q1 2026 results with stronger revenue but continuing losses. Total revenue reached $26.5 million, up 25% from $21.2 million, driven by 68.2% growth in software and other services revenue to $11.9 million and a richer mix of higher-priced iQ3 probes.
Gross profit rose to $18.3 million, a 68.9% margin, while operating expenses of $32.2 million kept the company in the red, with a net loss of $12.7 million, or $0.05 per share. Management recorded $3.3 million of additional estimated litigation losses and a $6.0 million insurance recovery.
Cash, cash equivalents, and restricted cash totaled $142.0 million, after $13.9 million of cash was used in operating activities during the quarter. Remaining performance obligations were $91.4 million, with 55% expected to convert to revenue within twelve months.