BFLYButterfly Network, Inc.
X-Ray Apparatus & Tubes & Related Irradiation Apparatus
- Revenue
- $98M
- 19% YoY
- Operating margin
- -88.5%
- 2.4% YoY
- EBITDA
- −$80M
- 22% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired24% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $63M | $73M | $66M | $82M | $98M | 19% |
| Operating income | −$193M | −$193M | −$146M | −$74M | −$86M | 16% |
| Net income | −$32M | −$169M | −$134M | −$73M | −$77M | 6.3% |
| Operating cash flow | −$189M | −$169M | −$99M | −$42M | −$13M | 70% |
| Capex | $8M | $18M | $6M | $3M | $3M | 24% |
| Stock-based comp | $48M | $43M | $27M | $21M | $23M | 11% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 7
- Net
- −$2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 154 | — |
| FY2024 | — | — | 127 | — |
| FY2023 | — | — | 44 | — |