Butterfly Network (BFLY) Operating Margin (2020 - 2026)

Butterfly Network has disclosed Operating Margin across 7 years of filings, most recently posting 52.29% for Q1 2026.

• Operating Margin for Q1 2026 came in at 52.29%, up 3472.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 79.5% (up 255.0% YoY), and the FY2025 annual result was 88.53%, up 215.0% from the prior year.
• Operating Margin came in at 52.29% for Q1 2026 at Butterfly Network, up from 53.03% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 52.29% in Q1 2026 to a low of 318.05% in Q1 2022.
• The 5-year median for Operating Margin is 163.5% (2025), against an average of 161.59%.
• Across the five-year window, Operating Margin jumped 20549 bps in 2024 and tumbled 7962 bps in 2025, its largest moves.
• Butterfly Network's 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 rose by 1 bps to 52.29% in 2026.
• The last three Operating Margin figures came in at 52.29% (Q1 2026), 53.03% (Q4 2025), and 163.5% (Q3 2025), per Business Quant data.