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Butterfly Network BFLY · USD

Health Care · US listing · 🇺🇸 United States

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6.67

+4.71%

Close of 9 Nov 2026, in USD

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About Butterfly Network

From its filings with the US Securities and Exchange Commission

SEC filings

Butterfly Network is based in Burlington, Massachusetts and is incorporated in Delaware. Its shares trade on NYSE under the ticker BFLY. The SEC classifies its business as x-ray apparatus & tubes & related irradiation apparatus. In the fiscal year to 31 December 2025, it reported revenue of $97.6m and a net loss of $77.1m. At that date it held total assets of $296.5m and shareholders' equity of $196.0m.

In its own words

Butterfly is the pioneer of the Ultrasound-on-Chip™ semiconductor platform and a leader in semiconductor-based point-of-care ultrasound technology. We combine proprietary hardware, intuitive software, services and educational offerings that can make ultrasound more accessible than ever before. Our flagship point-of-care solution enables the practical application of ultrasound information into the clinical workflow through affordable ultrasound devices that fit in a healthcare professional’s pocket and pair with cloud-connected software that is easily accessed through a mobile application.

While Butterfly’s core commercial business is in the point-of-care ultrasound (“POCUS”) category, our technology is fundamentally different from incumbent POCUS devices, which we view as mere extensions of cart-based hospital workflows. In contrast, Butterfly’s devices are built on our one-of-a-kind Ultrasound-on-Chip™ semiconductor platform. Our technology is designed for true mobility, not just because it is a single, portable imaging device suitable for any doctor or nurse, but also because it is powered by AI-driven tools, cloud connectivity, and seamless hospital integration. This combination of advanced, cloud-connected software and portable hardware is the key to mobility, allowing Butterfly to support large health systems while also functioning independently of them in remote or resource-limited settings. Wherever a doctor, nurse, or patient braves to go, Butterfly can deliver imaging that adapts to their environment and remains securely connected.

Quoted from its 10-K, filed 27 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Health Care
Industry
Health Care Equipment & Supplies
Listed since
26 May 2020
Employees
220
Head office
1600 DISTRICT AVENUE, BURLINGTON, MA, 01803
Incorporated in
DE
Classification
X-Ray Apparatus & Tubes & Related Irradiation Apparatus
Filer status
Non-accelerated filer<br>Smaller reporting company

Leadership

Pay as last reported

  • Dr. Joseph DevivoChairman of the Board, President, Chief Executive Officer, since 2023$5.5m
  • Mr. John DohertyChief Financial Officer, Executive Vice President
  • Mr. Megan CarlsonSenior Vice President - Finance & Accounting, Chief Accounting Officer
  • Mr. Victor KuSenior Vice President, Chief Technology Officer
  • Mr. Steve CashmanChief Business Officer$2.7m
  • Mr. Larry RobbinsLead Independent Director$222,499
  • Dr. Jonathan RothbergDirector, since 2014$208,902
  • Ms. Dawn CarforaIndependent Director$224,999
  • Dr. Elazer EdelmanIndependent Director$218,596
  • Ms. S. Louise PhanstielIndependent Director$227,499
  • Dr. Erica SchwartzIndependent Director$217,499

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
55
Environment
62
Social
37
Governance
64
Carbon reduction policy
No
Human rights policy
No

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Butterfly iQ+ handheld ultrasound system reduces imaging costs globally
  • Butterfly Blueprint platform integrates with healthcare infrastructure for seamless deployment
  • Butterfly Academy provides educational programs and clinical support services

Weaknesses

  • Butterfly Network has 220 employees in the US market
  • Butterfly Network's IPO was on 26 May 2020
  • Butterfly Network's headquarters is in Burlington, Massachusetts

Opportunities

  • Butterfly iQ+ targets the global health care market
  • Butterfly Network can expand in the US health care sector
  • Butterfly Network's technology supports remote health management

Threats

  • Butterfly Network faces competition in the US health care industry
  • Butterfly Network's US market presence is limited to 220 employees
  • Butterfly Network's IPO date is 26 May 2020

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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