Butterfly Network (BFLY) Operating Expenses (2020 - 2026)
Butterfly Network's (BFLY) quarterly Operating Expenses came in at $37.0 million in Q2 2026, up 19.23% year-over-year from $31.0 million in Q2 2025, and up 14.91% quarter-over-quarter from $32.2 million in Q1 2026.
Analysis
Butterfly Network (BFLY) Operating Expenses (2020 - 2026) Analysis & Trends
Butterfly Network has disclosed Operating Expenses across 7 years of filings, most recently posting $37.0 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 19.23% year-over-year to $37.0 million; the TTM figure through Jun 2026 stood at $138.4 million (up 12.2% YoY), while the FY2025 annual figure was $132.1 million, up 7.23% from the prior year.
- Operating Expenses came in at $37.0 million for Q2 2026 at Butterfly Network, up from $32.2 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.
- Average Operating Expenses over 5 years is $40.0 million, with a median of $35.6 million recorded in 2023.
- Year-over-year, Operating Expenses surged 31.44% in 2022 and sank 41.61% in 2023.
- Over 5 years, Operating Expenses stood at $58.6 million in 2022, then plunged 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 2.59% to $37.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $37.0 million in Q2 2026, $32.2 million in Q1 2026, and $37.9 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.27 Bn | 27.16 Bn | 2.18 Bn | 1.44 Bn |
| 2 | Lantheus Holdings | 6.55 Bn | 5.96 Bn | 241.86 Mn | 103.44 Mn |
| 3 | Heartflow | 3.98 Bn | 3.60 Bn | 53.19 Mn | 71.09 Mn |
| 4 | Neogen | 2.53 Bn | 2.35 Bn | 107.80 Mn | 104.70 Mn |
| 5 | Butterfly Network | 1.86 Bn | 1.73 Bn | 23.29 Mn | 36.95 Mn |
| 6 | Ceribell | 886.53 Mn | 757.26 Mn | 25.94 Mn | 45.92 Mn |
| 7 | QuidelOrtho | 832.92 Mn | 709.52 Mn | - | - |
| 8 | Varex Imaging | 778.85 Mn | 679.65 Mn | 76.70 Mn | 53.90 Mn |
| 9 | Prenetics Global | 332.89 Mn | 273.84 Mn | 30.20 Mn | -10.82 Mn |
| 10 | CapsoVision | 326.59 Mn | 317.51 Mn | 1.87 Mn | 9.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.95 Mn |
| 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 |