Butterfly Network (BFLY) Research & Development (2020 - 2026)
Butterfly Network (BFLY) posted Research & Development of $11.5 million for Q2 2026, little changed sequentially from $11.4 million in Q1 2026, and down 0.8% YoY from $11.6 million in Q2 2025.
Butterfly Network (BFLY) Research & Development (2020 - 2026) Analysis & Trends
Butterfly Network has reported Research & Development for 7 years, with the latest figure at $11.5 million in Q2 2026.
- Quarterly Research & Development fell 0.8% year-over-year to $11.5 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $45.6 million (up 2.11% YoY) and the FY2025 annual result came in at $45.9 million, up 10.37% from the prior year.
- Research & Development was little changed at $11.5 million in Q2 2026 per BFLY's latest filing, from $11.4 million in the prior quarter.
- Over five years, Research & Development peaked at $23.6 million in Q1 2022 and troughed at $9.6 million in Q3 2024.
- A 5-year average of $14.1 million and a median of $11.7 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2023: Research & Development jumped 50.31% in 2022, then sank 44.96% in 2023.
- Over 5 years, Research & Development stood at $19.2 million in 2022, then slumped by 41.51% to $11.2 million in 2023, then gained by 5.77% to $11.9 million in 2024, then gained by 1.83% to $12.1 million in 2025, then declined by 5.0% to $11.5 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $11.5 million, $11.4 million, and $12.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.20 Bn | 194.60 Bn | 7.27 Bn | 892.00 Mn |
| 2 | Stryker | 129.69 Bn | 126.21 Bn | 4.50 Bn | 434.00 Mn |
| 3 | Medtronic | 120.14 Bn | 110.92 Bn | 6.41 Bn | 671.00 Mn |
| 4 | Boston Scientific | 74.16 Bn | 73.62 Bn | 3.85 Bn | 554.00 Mn |
| 5 | Edwards Lifesciences | 52.68 Bn | 48.43 Bn | 1.35 Bn | 278.90 Mn |
| 6 | Dexcom | 34.57 Bn | 32.62 Bn | 830.00 Mn | 153.00 Mn |
| 7 | GE HealthCare Technologies | 34.09 Bn | 31.98 Bn | 2.18 Bn | 323.00 Mn |
| 8 | Koninklijke Philips | 26.49 Bn | 23.17 Bn | 4.55 Bn | -562.58 Mn |
| 9 | Steris | 23.19 Bn | 22.70 Bn | 684.20 Mn | 28.60 Mn |
| 10 | Butterfly Network | 2.42 Bn | 2.29 Bn | 23.29 Mn | 11.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.47 Mn |
| Mar 31, 2026 | 9.54 Mn |
| Dec 31, 2025 | 12.07 Mn |
| Sep 30, 2025 | 10.63 Mn |
| Jun 30, 2025 | 11.56 Mn |
| Mar 31, 2025 | 9.92 Mn |
| Dec 31, 2024 | 11.85 Mn |
| Sep 30, 2024 | 8.84 Mn |
| Jun 30, 2024 | 9.41 Mn |
| Mar 31, 2024 | 10.72 Mn |
| Dec 31, 2023 | 10.30 Mn |
| Sep 30, 2023 | 12.13 Mn |
| Jun 30, 2023 | 9.73 Mn |
| Mar 31, 2023 | 16.65 Mn |
| Dec 31, 2022 | 40.92 Mn |
| Sep 30, 2022 | 15.48 Mn |
| Jun 30, 2022 | 16.44 Mn |
| Mar 31, 2022 | 23.62 Mn |
| Dec 31, 2021 | 15.05 Mn |
| Sep 30, 2021 | 21.65 Mn |