Butterfly Network (NYSE:BFLY) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Posted by on Aug 1st, 2026

Butterfly Network (NYSE:BFLY – Get Free Report) issued its earnings results on Thursday. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03, FiscalAI reports. The company had revenue of $32.61 million for the quarter, compared to the consensus estimate of $29.16 million. Butterfly Network had a negative net margin of 66.74% and a negative return on equity of 33.66%.

Here are the key takeaways from Butterfly Network’s conference call:

  • Record second-quarter results exceeded guidance, with revenue of $32.6 million, up 39% year over year, gross margin reaching a company-record 71%, and adjusted EBITDA loss improving 78% to $1.4 million.
  • Butterfly Embedded revenue increased 439% year over year to $10.8 million, driven primarily by the Midjourney partnership; the company added two partnerships during the quarter, bringing its total to 11, with additional commercial milestones viewed as potential upside.
  • Core growth initiatives gained traction, including six new Compass AI enterprise deals, provisional authorization to sell across the VA, expanded medical-school programs, and the VCOM agreement, which carries potential total contract value above $10 million over four years.
  • Management raised full-year 2026 revenue guidance to $119 million–$123 million and expects Home and Community Care revenue to begin in the fourth quarter; the first commercial state is scheduled to launch October 1 with plans to pursue expansion in 2027.
  • International revenue declined 14% year over year to $5 million, while cash usage increased to $13.3 million in the quarter and third-quarter guidance calls for an adjusted EBITDA loss of $6 million–$9 million amid planned investments in innovation and growth.

Butterfly Network Price Performance

Shares of NYSE:BFLY traded down $1.09 during midday trading on Friday, reaching $7.08. 10,878,727 shares of the company’s stock were exchanged, compared to its average volume of 7,474,226. The firm’s 50 day simple moving average is $6.66 and its two-hundred day simple moving average is $5.00. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -24.43 and a beta of 2.05. Butterfly Network has a fifty-two week low of $1.32 and a fifty-two week high of $9.69.

Insider Activity at Butterfly Network

In other Butterfly Network news, EVP John N. Doherty sold 57,136 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $6.56, for a total value of $374,812.16. Following the transaction, the executive vice president owned 1,397,276 shares of the company’s stock, valued at $9,166,130.56. This represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Joseph Devivo sold 211,798 shares of the stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $6.56, for a total transaction of $1,389,394.88. Following the transaction, the chief executive officer directly owned 7,672,046 shares of the company’s stock, valued at approximately $50,328,621.76. This trade represents a 2.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 4,840,207 shares of company stock worth $31,652,184. 21.99% of the stock is owned by corporate insiders.

Institutional Trading of Butterfly Network

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BFLY. Northwestern Mutual Wealth Management Co. lifted its stake in Butterfly Network by 217.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,305 shares of the company’s stock worth $54,000 after purchasing an additional 9,805 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Butterfly Network by 8.4% in the 3rd quarter. Blair William & Co. IL now owns 128,500 shares of the company’s stock valued at $248,000 after buying an additional 10,000 shares during the period. ExodusPoint Capital Management LP purchased a new stake in shares of Butterfly Network in the 4th quarter valued at $38,000. California State Teachers Retirement System lifted its stake in Butterfly Network by 10.0% during the 2nd quarter. California State Teachers Retirement System now owns 131,640 shares of the company’s stock worth $263,000 after acquiring an additional 11,985 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in Butterfly Network during the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 37.85% of the company’s stock.

Key Stories Impacting Butterfly Network

Here are the key news stories impacting Butterfly Network this week:

  • Positive Sentiment: Butterfly reported second-quarter adjusted loss of $0.01 per share, narrower than the $0.03 analyst consensus and improved from a $0.06 loss a year earlier. Revenue rose to $32.61 million, exceeding estimates of $29.16 million. Butterfly Network Reports Q2 Loss, Beats Revenue Estimates
  • Positive Sentiment: The company’s quarter was reportedly supported by its partnership with Midjourney, helping fuel investor interest in Butterfly’s ultrasound technology, cloud software and artificial-intelligence strategy. Butterfly Network Stock Jumps After Q2 Beat Fueled by Midjourney Partnership
  • Neutral Sentiment: Butterfly guided to full-year 2026 revenue of $119 million to $123 million, compared with consensus of $119 million. Third-quarter revenue guidance is $26 million to $30 million, with a midpoint slightly below the $28.8 million analyst estimate. Butterfly Network Reports Second Quarter 2026 Financial Results
  • Negative Sentiment: Despite the improvement, Butterfly remains unprofitable, with a reported negative net margin of 73.63% and negative return on equity of 34.41%. The modest third-quarter outlook may be disappointing for investors expecting faster growth after the recent share-price advance. Butterfly Network Q2 2026 Earnings Call Transcript

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Butterfly Network in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Butterfly Network presently has an average rating of “Hold” and a consensus target price of $5.56.

Check Out Our Latest Stock Analysis on BFLY

About Butterfly Network

(Get Free Report)

Butterfly Network, Inc is a medical technology company focused on democratizing access to diagnostic imaging through its proprietary ultrasound-on-chip platform. The company’s flagship device, the Butterfly iQ, leverages semiconductor technology to deliver whole-body ultrasound imaging in a handheld form factor. This portable system connects to a compatible smart device, enabling point-of-care scanning across a variety of clinical settings.

Beyond its hardware offering, Butterfly Network provides a cloud-based software suite that supports image storage, analysis and remote collaboration.

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Earnings History for Butterfly Network (NYSE:BFLY)

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