Butterfly Network (BFLY)

Healthcare · Medical Devices
$8.25 +2.74% on the day Market cap $2.1B 52-week range $1.90 to $10.21 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Butterfly Network's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from BFLY's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation1
Profitability1
Growth9
Financial health8
Cash efficiency0

Results from SEC filings

Fiscal years, from Butterfly Network's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$63M$73M$66M$82M$98M
Net income-$32M-$169M-$134M-$72M-$77M
Free cash flow-$197M-$187M-$105M-$44M-$16M
EPS (diluted)-$0.19-$0.84-$0.65-$0.34-$0.31
Operating margin-308.0%-263.0%-221.0%-90.7%-88.5%

Where the revenue comes from

Revenue by products, fiscal 2025. Every breakdown, year by year.

Devices and accessories$63M65%
Software and other services$34M35%

Superinvestors who own BFLY

From each investor's latest 13F filing (what a 13F shows). 3 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Larry Robbins
Glenview Capital Management
Held $121M2.2%Q2 2026
Joel Greenblatt
Gotham Asset Management
Held $4M0.01%Q2 2026
Cliff Asness
AQR Capital Management
Added $658,0050.0%Q2 2026

Insider buying

Open-market purchases by Butterfly Network's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of BFLY in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Butterfly Network insiders buying the stock?

No open-market insider purchases of BFLY in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Butterfly Network?

3 of the superinvestors Investingly tracks hold BFLY in their latest 13F, including Larry Robbins, Joel Greenblatt, Cliff Asness.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.