Butterfly Network (BFLY) Gross Margin (2020 - 2026)
Butterfly Network's Gross Margin came in at 71.41% for Q2 2026, up 7.73 percentage points from 63.68% a year earlier and up 2.49 percentage points from the prior quarter.
Powered by 
Analysis
Butterfly Network (BFLY) Gross Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Butterfly Network reported Gross Margin of 52.64%, down 9.33 percentage points year-over-year; for FY2025, it came in at 46.85%, down 12.66 percentage points from FY2024.
- Gross Margin carries a five-year change of +179.22 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 59.51% in FY2024 (+33.93 pp), 25.58% in FY2023 (-28.19 pp), 53.77% in FY2022 (+26.51 pp) and 27.26% in FY2021 (+159.63 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin in data going back to Q1 2020.
- Year-over-year, Gross Margin has increased for three consecutive quarters, with an average year-over-year change of +11.06 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q3 2021 (a gain of 648.25 percentage points), and the weakest in Q4 2023 (a drop of 126.25 percentage points).
- Business Quant data shows BFLY's Gross Margin at 68.92% (Q1 2026), 67.34% (Q4 2025) and -17.48% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 70.71% |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 77.46% |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 46.46% |
| 10 | Butterfly Network | 2.13 Bn | 1.58 Bn | 23.29 Mn | 71.41% |
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% |
API Access
Butterfly Network Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BFLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BFLY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BFLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();