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Butterfly Network (BFLY) Research & Development (2020 - 2025)

Butterfly Network's Research & Development history spans 6 years, with the latest figure at $9.3 million for Q4 2025.

  • For Q4 2025, Research & Development rose 5.61% year-over-year to $9.3 million; the TTM value through Dec 2025 reached $36.3 million, down 4.07%, while the annual FY2025 figure was $36.3 million, 4.07% down from the prior year.
  • Research & Development for Q4 2025 was $9.3 million at Butterfly Network, up from $8.7 million in the prior quarter.
  • Across five years, Research & Development topped out at $23.6 million in Q1 2022 and bottomed at $8.3 million in Q2 2025.
  • The 5-year median for Research & Development is $13.9 million (2023), against an average of $14.6 million.
  • The largest annual shift saw Research & Development skyrocketed 80.89% in 2021 before it crashed 44.96% in 2023.
  • A 5-year view of Research & Development shows it stood at $20.0 million in 2021, then dropped by 9.77% to $18.0 million in 2022, then plummeted by 37.9% to $11.2 million in 2023, then decreased by 21.25% to $8.8 million in 2024, then rose by 5.61% to $9.3 million in 2025.
  • Per Business Quant, the three most recent readings for BFLY's Research & Development are $9.3 million (Q4 2025), $8.7 million (Q3 2025), and $8.3 million (Q2 2025).