Butterfly Network (BFLY) Net Margin (2020 - 2026)
Butterfly Network (BFLY) posted Net Margin of -39.59% for Q2 2026, up 19.58 percentage points from -59.16% a year earlier and up 8.20 percentage points from the prior quarter.
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Analysis
Butterfly Network (BFLY) Net Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Butterfly Network was -66.74%, up 5.04 percentage points year-over-year; for FY2025, it was -78.95%, up 9.39 percentage points from FY2024.
- Annual Net Margin has increased for three consecutive years, with a five-year change of +272.91 percentage points (FY2020 to FY2025).
- In prior years, Butterfly Network's Net Margin was -88.34% in FY2024 (+114.54 pp), -202.88% in FY2023 (+27.02 pp), -229.90% in FY2022 (-178.10 pp) and -51.80% in FY2021 (+300.07 pp).
- The Q2 2026 figure stands as the highest quarterly Net Margin since Q2 2021.
- On a year-over-year basis, Net Margin has increased in each of the last three quarters, with an average year-over-year change of +43.37 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Net Margin in the past five years was Q3 2021, with a gain of 817.05 percentage points; the weakest was Q1 2022, with a drop of 280.04 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was -47.78% (Q1 2026), -48.52% (Q4 2025) and -158.09% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 14.47% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 7.37% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 13.89% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 28.29% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 19.37% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 16.67% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 7.57% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 13.89% |
| 10 | Butterfly Network | 2.18 Bn | 1.62 Bn | 23.29 Mn | -39.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -39.59% |
| Mar 31, 2026 | -47.78% |
| Dec 31, 2025 | -48.52% |
| Sep 30, 2025 | -158.09% |
| Jun 30, 2025 | -59.16% |
| Mar 31, 2025 | -65.80% |
| Dec 31, 2024 | -80.99% |
| Sep 30, 2024 | -82.31% |
| Jun 30, 2024 | -73.10% |
| Mar 31, 2024 | -123.25% |
| Dec 31, 2023 | -267.14% |
| Sep 30, 2023 | -177.47% |
| Jun 30, 2023 | -155.09% |
| Mar 31, 2023 | -216.72% |
| Dec 31, 2022 | -177.54% |
| Sep 30, 2022 | -279.04% |
| Jun 30, 2022 | -186.32% |
| Mar 31, 2022 | -285.58% |
| Dec 31, 2021 | -80.14% |
| Sep 30, 2021 | -92.75% |
API Access
Butterfly Network Net 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=net-margin&ticker=BFLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=BFLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();