Butterfly Network (BFLY) Cost of Revenue (2020 - 2026)
Butterfly Network (BFLY) recorded Cost of Revenue of $8.8 million in Q3 2026, down 65.2% from $25.25 million a year earlier and down 5.7% from the prior quarter.
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Analysis
Butterfly Network (BFLY) Cost of Revenue (2020 - 2026) Analysis & Trends
On a TTM basis, Butterfly Network's Cost of Revenue came in at $36.66 million as of Sep 30, 2026, down 27.0% year-over-year; for FY2025, it came in at $51.88 million, up 56.1% from FY2024.
- Annual Cost of Revenue has a five-year compound annual growth rate of -13.6% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $33.23 million in FY2024 (-32.3%), $49.04 million in FY2023 (+44.5%), $33.93 million in FY2022 (-25.4%) and $45.51 million in FY2021 (-57.7%).
- Quarterly Cost of Revenue has ranged from $6.04 million in Q3 2023 to $29.05 million in Q4 2023 over the past five years.
- On a year-over-year basis, Cost of Revenue rose in five of the last eight quarters, with growth averaging 13.0%.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 208.2% in Q4 2023, against a decline of 70.3% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $9.32 million (Q2 2026), $8.25 million (Q1 2026) and $10.29 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 262.25 Bn | 238.76 Bn | 5.13 Bn | 7.01 Bn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.17 Bn | 7.39 Bn | 5.63 Bn |
| 3 | Danaher | 164.19 Bn | 143.84 Bn | 3.84 Bn | 2.72 Bn |
| 4 | Intuitive Surgical | 161.04 Bn | 141.33 Bn | 2.08 Bn | 964.40 Mn |
| 5 | Medtronic | 131.95 Bn | 97.20 Bn | 6.34 Bn | 3.42 Bn |
| 6 | Stryker | 125.10 Bn | 111.29 Bn | 4.25 Bn | 2.27 Bn |
| 7 | Boston Scientific | 63.84 Bn | 59.28 Bn | 3.43 Bn | 1.71 Bn |
| 8 | Edwards Lifesciences | 60.08 Bn | 43.28 Bn | 1.35 Bn | 369.20 Mn |
| 9 | Becton Dickinson | 59.15 Bn | 56.30 Bn | 2.32 Bn | 2.67 Bn |
| 10 | Butterfly Network | 1.76 Bn | 1.23 Bn | 23.80 Mn | 8.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.80 Mn |
| Jun 30, 2026 | 9.32 Mn |
| Mar 31, 2026 | 8.25 Mn |
| Dec 31, 2025 | 10.29 Mn |
| Sep 30, 2025 | 25.25 Mn |
| Jun 30, 2025 | 8.49 Mn |
| Mar 31, 2025 | 7.85 Mn |
| Dec 31, 2024 | 8.62 Mn |
| Sep 30, 2024 | 8.33 Mn |
| Jun 30, 2024 | 8.90 Mn |
| Mar 31, 2024 | 7.38 Mn |
| Dec 31, 2023 | 29.05 Mn |
| Sep 30, 2023 | 6.04 Mn |
| Jun 30, 2023 | 7.57 Mn |
| Mar 31, 2023 | 6.39 Mn |
| Dec 31, 2022 | 9.43 Mn |
| Sep 30, 2022 | 8.63 Mn |
| Jun 30, 2022 | 8.64 Mn |
| Mar 31, 2022 | 7.23 Mn |
| Dec 31, 2021 | 11.45 Mn |
API Access
Butterfly Network Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BFLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "BFLY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BFLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();