Butterfly Network BFLY
NYSE BFLY
$7.11 -0.35 (-4.62%)
As of: Sep 10, 2026 · 3:59 PM EDT

Butterfly Network (BFLY) Gross Margin (2020 - 2026)

Butterfly Network's (BFLY) quarterly Gross Margin came in at 71.41% in Q2 2026, up 773.0% year-over-year from 8.18% in Q2 2025, and up 3.61% quarter-over-quarter from 68.92% in Q1 2026.

Analysis

Butterfly Network (BFLY) Gross Margin (2020 - 2026) Analysis & Trends

Butterfly Network has disclosed Gross Margin across 7 years of filings, most recently posting 71.41% for Q2 2026.

  • In Q2 2026, Gross Margin rose 773.0% year-over-year to 71.41%; the TTM figure through Jun 2026 stood at 52.64% (down 933.0% YoY), while the FY2025 annual figure was 46.85%, down 1266.0% from the prior year.
  • Gross Margin came in at 71.41% for Q2 2026 at Butterfly Network, up from 68.92% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 71.41% in Q2 2026 to a low of 75.91% in Q4 2023.
  • Average Gross Margin over 5 years is 48.46%, with a median of 58.9% recorded in 2023.
  • Year-over-year, Gross Margin sank 12625 bps in 2023 and soared 13736 bps in 2024.
  • Over 5 years, Gross Margin stood at 50.34% in 2022, then tumbled by 251 bps to 75.91% in 2023, then soared by 181 bps to 61.45% in 2024, then increased by 10 bps to 67.34% in 2025, then advanced by 6 bps to 71.41% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 71.41% in Q2 2026, 68.92% in Q1 2026, and 67.34% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 GE HealthCare Technologies 29.10 Bn 26.99 Bn 2.18 Bn 41.17%
2 Lantheus Holdings 6.54 Bn 5.95 Bn 241.86 Mn 62.30%
3 Heartflow 3.94 Bn 3.56 Bn 53.19 Mn 83.00%
4 Neogen 2.57 Bn 2.38 Bn 107.80 Mn 47.85%
5 Butterfly Network 1.86 Bn 1.74 Bn 23.29 Mn 71.41%
6 Ceribell 889.95 Mn 760.69 Mn 25.94 Mn 92.32%
7 QuidelOrtho 828.82 Mn 705.42 Mn - -
8 Varex Imaging 778.01 Mn 678.81 Mn 76.70 Mn 36.44%
9 Prenetics Global 332.61 Mn 273.56 Mn 30.20 Mn 64.97%
10 CapsoVision 329.59 Mn 320.51 Mn 1.87 Mn 51.36%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 71.41%
Mar 31, 2026 68.92%
Dec 31, 2025 67.34%
Sep 30, 2025 -17.48%
Jun 30, 2025 63.68%
Mar 31, 2025 63.04%
Dec 31, 2024 61.45%
Sep 30, 2024 59.50%
Jun 30, 2024 58.57%
Mar 31, 2024 58.20%
Dec 31, 2023 -75.91%
Sep 30, 2023 60.84%
Jun 30, 2023 59.08%
Mar 31, 2023 58.73%
Dec 31, 2022 50.34%
Sep 30, 2022 56.01%
Jun 30, 2022 55.02%
Mar 31, 2022 53.56%
Dec 31, 2021 39.71%
Sep 30, 2021 -35.03%