NYSE$BFLY

Butterfly Network Inc. · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Butterfly Network reported Q3 2025 revenue of $21.5M, a net loss of $45.0M.

For Q3 2025, Butterfly Network reported Revenue was $21.5M, net loss was $45.0M. The filing discusses operating performance, liquidity, and outlook in MD&A.

  • Revenue $21.5M for Q3 2025.
  • Net loss $45.0M.
  • MD&A covers liquidity, capital allocation, and sector-specific risks.

Headline financials

Total Revenue

$21.5M

Previous: $20.6M+4.5%
EPS (adj)

-$0.04

Previous: -$0.08+50.0%
Capital Expenditures

-$2.27M

Previous: -$2.29M+0.9%
Net Income

-$34M

Previous: -$16.9M-100.7%
Operating Income

-$35.1M

Previous: -$17.2M-103.7%
Gross Profit

-$3.76M

Previous: $12.2M-130.7%

Revenue & EPS history

Butterfly · Revenue · Quarterly

$21.5M

Q3 2025+4.5%vs Q3 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Butterfly · $15.4M total across 2 segments · Q3 2023

  • Product revenue
    $8.75M
  • Software & services revenue
    $6.67M

Forward guidance

Outlook focuses on path to profitability, liquidity, and cost discipline.

Tailwinds

  • Cash and credit facilities support operations.
  • Strategic initiatives or portfolio actions may improve margins.

Headwinds

  • Operating losses and interest expense pressure earnings.
  • Macro or input costs may delay margin recovery.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+2.3%

Avg return

Earnings day

-2.1%

Avg return

5 days after

+3.8%

Avg return

30 days after

46%

11 / 24 earnings

Positive

+50.8%

Q4 2025

Best reaction

-23.2%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.6%-2.0%-7.9%
Q4 2025+50.8%+18.7%+26.5%
Q3 2025+43.1%+23.0%+52.0%
Q1 2025-2.1%-6.8%+2.6%
Q4 2024-2.9%-14.5%-36.5%
Q3 2024+14.6%+44.4%+84.8%
Q2 2024+2.7%-9.4%-0.9%
Q1 2024+18.8%+25.0%+28.2%
Q4 2023-20.7%-18.0%-28.0%
Q3 2023+38.0%+29.3%+23.2%
Q2 2023-4.7%-14.9%-20.9%
Q1 2023-18.8%-16.6%-2.7%
Q4 2022+0.9%+8.6%-26.1%
Q3 2022-23.2%-22.8%-28.0%
Q2 2022+21.8%+22.0%+19.5%
Q1 2022-12.6%-19.0%+0.9%
Q4 2019-14.4%-29.1%-15.2%
Q4 2021-14.4%-29.1%-15.2%
Q3 2021+0.7%-7.0%-17.3%
Q2 2021+9.6%+2.7%+19.9%
Q1 2021-11.8%-11.8%+25.6%
Q3 2020-15.2%-13.0%+26.7%
Q4 2020-3.3%-9.5%-19.7%
Q2 2020+0.2%-0.4%-1.1%
Q1 2020

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