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
DateValue
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