Butterfly Network (BFLY) Operating Expenses (2020 - 2026)
Butterfly Network's (BFLY) quarterly Operating Expenses came in at $32.2 million in Q1 2026, up 0.97% year-on-year from $31.8 million in Q1 2025, and down 15.22% quarter-over-quarter from $37.9 million in Q4 2025.
Butterfly Network (BFLY) Operating Expenses (2020 - 2026) Analysis & Trends
Butterfly Network has disclosed Operating Expenses across 7 years of filings, most recently posting $32.2 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $32.2 million, up 0.97% year-over-year; the trailing twelve-month figure through Mar 2026 was $132.5 million (up 8.4% YoY), and the FY2025 annual result was $132.1 million, up 7.23% from the prior year.
- Operating Expenses came in at $32.2 million for Q1 2026 at Butterfly Network, down from $37.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $59.0 million in Q2 2022 to a low of $29.5 million in Q3 2024.
- The 5-year median for Operating Expenses is $34.2 million (2023), against an average of $40.1 million.
- Across the five-year window, Operating Expenses jumped 31.44% in 2022 and slumped 41.61% in 2023, its largest moves.
- Butterfly Network's Operating Expenses stood at $58.6 million in 2022, then slumped by 41.61% to $34.2 million in 2023, then slipped by 9.2% to $31.0 million in 2024, then advanced by 22.18% to $37.9 million in 2025, then decreased by 15.22% to $32.2 million in 2026.
- The last three Operating Expenses figures came in at $32.2 million (Q1 2026), $37.9 million (Q4 2025), and $31.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.92 Bn | 146.27 Bn | 6.27 Bn | 9.82 Bn |
| 2 | Stryker | 119.50 Bn | 116.62 Bn | 3.81 Bn | 2.87 Bn |
| 3 | Medtronic | 102.71 Bn | 94.54 Bn | 5.76 Bn | 3.76 Bn |
| 4 | Boston Scientific | 69.72 Bn | 68.51 Bn | 3.61 Bn | 2.51 Bn |
| 5 | Edwards Lifesciences | 49.24 Bn | 45.57 Bn | 1.29 Bn | 822.60 Mn |
| 6 | GE HealthCare Technologies | 29.74 Bn | 27.67 Bn | 1.98 Bn | 1.46 Bn |
| 7 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -668.50 Mn |
| 8 | Dexcom | 28.96 Bn | 27.84 Bn | 750.30 Mn | 495.00 Mn |
| 9 | Steris | 20.31 Bn | 19.88 Bn | 697.10 Mn | 380.30 Mn |
| 10 | Butterfly Network | 1.42 Bn | 1.28 Bn | 18.29 Mn | 32.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.16 Mn |
| Dec 31, 2025 | 37.93 Mn |
| Sep 30, 2025 | 31.38 Mn |
| Jun 30, 2025 | 30.99 Mn |
| Mar 31, 2025 | 31.85 Mn |
| Dec 31, 2024 | 31.05 Mn |
| Sep 30, 2024 | 29.48 Mn |
| Jun 30, 2024 | 29.82 Mn |
| Mar 31, 2024 | 32.90 Mn |
| Dec 31, 2023 | 34.19 Mn |
| Sep 30, 2023 | 41.95 Mn |
| Jun 30, 2023 | 42.19 Mn |
| Mar 31, 2023 | 44.14 Mn |
| Dec 31, 2022 | 58.56 Mn |
| Sep 30, 2022 | 57.02 Mn |
| Jun 30, 2022 | 59.03 Mn |
| Mar 31, 2022 | 57.88 Mn |
| Dec 31, 2021 | 52.85 Mn |
| Sep 30, 2021 | 51.87 Mn |
| Jun 30, 2021 | 44.91 Mn |