Butterfly Network (BFLY) Gross Margin (2020 - 2026)
Butterfly Network recorded quarterly Gross Margin of 68.92% in Q1 2026, up 2.35% quarter-over-quarter from 67.34% in Q4 2025, and up 588.0% year-over-year from 10.02% in Q1 2025.
Butterfly Network's Gross Margin history runs 7 years deep, the most recent figure standing at 68.92% for Q1 2026.
- In Q1 2026, Gross Margin rose 588.0% year-over-year to 68.92%; the TTM figure through Mar 2026 stood at 49.21% (down 1145.0% YoY), while the FY2025 annual figure was 46.85%, down 1266.0% from the prior year.
- Gross Margin came in at 68.92% for Q1 2026 at Butterfly Network, up 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 sank 12625 bps in 2023 and soared 13736 bps in 2024, its largest moves.
- Butterfly Network's Gross Margin stood at 50.34% in 2022, then plunged by 251 bps to 75.91% in 2023, then jumped by 181 bps to 61.45% in 2024, then rose by 10 bps to 67.34% in 2025, then grew by 2 bps to 68.92% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 68.92%, 67.34%, and 17.48% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 43.89% |
| 10 | Butterfly Network | 1.17 Bn | 1.04 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% |
| Mar 31, 2021 | 51.56% |
| Dec 31, 2020 | 55.57% |
| Sep 30, 2020 | -683.29% |
| Jun 30, 2020 | 1.40% |
| Mar 31, 2020 | -9.64% |