Butterfly Network (BFLY) Research & Development (2020 - 2026)

Butterfly Network has disclosed Research & Development across 7 years of filings, most recently posting $9.5 million for Q1 2026.

• Research & Development for Q1 2026 came in at $9.5 million, down 3.89% year-over-year; the trailing twelve-month figure through Mar 2026 was $35.9 million (down 3.05% YoY), and the FY2025 annual result was $36.3 million, down 4.07% from the prior year.
• Research & Development came in at $9.5 million for Q1 2026 at Butterfly Network, up from $9.3 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $23.6 million in Q1 2022 to a low of $8.3 million in Q2 2025.
• The 5-year median for Research & Development is $10.7 million (2024), against an average of $13.4 million.
• Across the five-year window, Research & Development surged 50.31% in 2022 and sank 44.96% in 2023, its largest moves.
• Butterfly Network's Research & Development stood at $19.2 million in 2022, then slumped by 41.51% to $11.2 million in 2023, then retreated by 21.25% to $8.8 million in 2024, then increased by 5.61% to $9.3 million in 2025, then grew by 2.34% to $9.5 million in 2026.
• The last three Research & Development figures came in at $9.5 million (Q1 2026), $9.3 million (Q4 2025), and $8.7 million (Q3 2025), per Business Quant data.