Butterfly Network (BFLY) Gross Margin (2020 - 2026)
Butterfly Network (BFLY) reported Gross Margin of 68.92% for Q1 2026, up 588.0% on a YoY basis from 10.02% in Q1 2025, and up 2.35% sequentially from 67.34% in Q4 2025.
Butterfly Network (BFLY) Gross Margin (2020 - 2026) Analysis & Trends
Butterfly Network (BFLY) has 7 years of Gross Margin data on file, last reported at 68.92% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 588.0% year-over-year to 68.92%; the trailing twelve-month figure through Mar 2026 stood at 49.21% (down 1145.0% YoY), and the FY2025 full-year result was 46.85%, down 1266.0% from the prior year.
- Gross Margin advanced to 68.92% in Q1 2026, from 67.34% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 68.92% in Q1 2026 to a low of 75.91% in Q4 2023.
- A 5-year average of 47.11% and a median of 58.73% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 12625 bps in 2023 and surged 13736 bps in 2024, its largest moves.
- Tracing BFLY's Gross Margin over 5 years: stood at 50.34% in 2022, then slumped by 251 bps to 75.91% in 2023, then surged by 181 bps to 61.45% in 2024, then grew by 10 bps to 67.34% in 2025, then advanced by 2 bps to 68.92% in 2026.
- Business Quant data shows BFLY's Gross Margin at 68.92% in Q1 2026, 67.34% in Q4 2025, and 17.48% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 187.02 Bn | 179.73 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 132.07 Bn | 129.19 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 111.38 Bn | 102.16 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 68.98 Bn | 67.53 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 48.32 Bn | 44.65 Bn | 1.29 Bn | 78.01% |
| 6 | Dexcom | 28.91 Bn | 27.80 Bn | 750.30 Mn | 62.95% |
| 7 | GE HealthCare Technologies | 28.83 Bn | 26.55 Bn | 1.98 Bn | 38.53% |
| 8 | Smith & Nephew | 28.10 Bn | 27.52 Bn | - | - |
| 9 | Koninklijke Philips | 24.30 Bn | 21.26 Bn | 2.01 Bn | 45.22% |
| 10 | Butterfly Network | 1.82 Bn | 1.68 Bn | 18.29 Mn | 68.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 49.78% |