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
Download Data
Historic 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% |