Butterfly Network (BFLY) Operating Margin (2020 - 2026)
Butterfly Network's (BFLY) quarterly Operating Margin came in at 41.9% in Q2 2026, up 2695.0% year-over-year from 1.5% in Q2 2025, and up 19.88% quarter-over-quarter from 52.29% in Q1 2026.
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Butterfly Network (BFLY) Operating Margin (2020 - 2026) Analysis & Trends
Butterfly Network has disclosed Operating Margin across 7 years of filings, most recently posting 41.9% for Q2 2026.
- In Q2 2026, Operating Margin rose 2695.0% year-over-year to 41.9%; the TTM figure through Jun 2026 stood at 70.79% (up 820.0% YoY), while the FY2025 annual figure was 88.53%, up 215.0% from the prior year.
- Operating Margin came in at 41.9% for Q2 2026 at Butterfly Network, up from 52.29% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 41.9% in Q2 2026 to a low of 318.05% in Q1 2022.
- Average Operating Margin over 5 years is 154.94%, with a median of 145.81% recorded in 2024.
- Year-over-year, Operating Margin surged 20549 bps in 2024 and slumped 7962 bps in 2025.
- Over 5 years, Operating Margin stood at 258.14% in 2022, then fell by 10 bps to 282.94% in 2023, then soared by 73 bps to 77.46% in 2024, then surged by 32 bps to 53.03% in 2025, then gained by 21 bps to 41.9% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 41.9% in Q2 2026, 52.29% in Q1 2026, and 53.03% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.10 Bn | 26.99 Bn | 2.18 Bn | 13.96% |
| 2 | Lantheus Holdings | 6.54 Bn | 5.95 Bn | 241.86 Mn | 25.82% |
| 3 | Heartflow | 3.94 Bn | 3.56 Bn | 53.19 Mn | -27.93% |
| 4 | Neogen | 2.57 Bn | 2.38 Bn | 107.80 Mn | 1.38% |
| 5 | Butterfly Network | 1.86 Bn | 1.74 Bn | 23.29 Mn | -41.90% |
| 6 | Ceribell | 889.95 Mn | 760.69 Mn | 25.94 Mn | -71.11% |
| 7 | QuidelOrtho | 828.82 Mn | 705.42 Mn | - | - |
| 8 | Varex Imaging | 778.01 Mn | 678.81 Mn | 76.70 Mn | 10.83% |
| 9 | Prenetics Global | 332.61 Mn | 273.56 Mn | 30.20 Mn | -45.13% |
| 10 | CapsoVision | 329.59 Mn | 320.51 Mn | 1.87 Mn | -208.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -41.90% |
| Mar 31, 2026 | -52.29% |
| Dec 31, 2025 | -53.03% |
| Sep 30, 2025 | -163.50% |
| Jun 30, 2025 | -68.85% |
| Mar 31, 2025 | -87.01% |
| Dec 31, 2024 | -77.46% |
| Sep 30, 2024 | -83.88% |
| Jun 30, 2024 | -80.20% |
| Mar 31, 2024 | -128.12% |
| Dec 31, 2023 | -282.94% |
| Sep 30, 2023 | -211.16% |
| Jun 30, 2023 | -169.11% |
| Mar 31, 2023 | -226.46% |
| Dec 31, 2022 | -258.14% |
| Sep 30, 2022 | -234.64% |
| Jun 30, 2022 | -252.17% |
| Mar 31, 2022 | -318.05% |
| Dec 31, 2021 | -238.61% |
| Sep 30, 2021 | -389.76% |