Butterfly Network (BFLY) Gross Margin (2020 - 2026)
Butterfly Network (BFLY) posted Gross Margin of 71.41% for Q2 2026, up 3.61% sequentially from 68.92% in Q1 2026, and up 773.0% YoY from 8.18% in Q2 2025.
Butterfly Network (BFLY) Gross Margin (2020 - 2026) Analysis & Trends
Butterfly Network has reported Gross Margin for 7 years, with the latest figure at 71.41% in Q2 2026.
- Quarterly Gross Margin rose 773.0% year-over-year to 71.41% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 52.64% (down 933.0% YoY) and the FY2025 annual result came in at 46.85%, down 1266.0% from the prior year.
- Gross Margin climbed to 71.41% in Q2 2026 per BFLY's latest filing, from 68.92% in the prior quarter.
- Over five years, Gross Margin peaked at 71.41% in Q2 2026 and troughed at 75.91% in Q4 2023.
- A 5-year average of 48.46% and a median of 58.9% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 12625 bps in 2023, then jumped 13736 bps in 2024.
- Over 5 years, Gross Margin stood at 50.34% in 2022, then sank by 251 bps to 75.91% in 2023, then surged by 181 bps to 61.45% in 2024, then gained by 10 bps to 67.34% in 2025, then grew by 6 bps to 71.41% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 71.41%, 68.92%, and 67.34% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 202.23 Bn | 196.63 Bn | 7.27 Bn | 57.71% |
| 2 | Stryker | 127.28 Bn | 123.80 Bn | 4.50 Bn | 68.27% |
| 3 | Medtronic | 119.00 Bn | 109.78 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 74.41 Bn | 73.88 Bn | 3.85 Bn | 70.71% |
| 5 | Edwards Lifesciences | 51.77 Bn | 47.52 Bn | 1.35 Bn | 77.46% |
| 6 | Dexcom | 35.03 Bn | 33.09 Bn | 830.00 Mn | 63.44% |
| 7 | GE HealthCare Technologies | 33.80 Bn | 31.69 Bn | 2.18 Bn | 41.17% |
| 8 | Koninklijke Philips | 26.24 Bn | 22.92 Bn | 4.55 Bn | 47.38% |
| 9 | Steris | 23.20 Bn | 22.71 Bn | 684.20 Mn | 45.84% |
| 10 | Butterfly Network | 2.45 Bn | 2.33 Bn | 23.29 Mn | 71.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |