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Butterfly Network (BFLY) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Butterfly Network Revenue Highlights

Latest Revenue (Y)

$65.90M

Latest Revenue (Q)

$20.56M

Main Segment (Y)

Product

Main Geography (Y)

United States

Butterfly Network Revenue by Period

Butterfly Network Revenue by Year

DateRevenueChange
2023-12-31$65.90M-10.21%
2022-12-31$73.39M17.30%
2021-12-31$62.56M35.27%
2020-12-31$46.25M67.68%
2019-12-31$27.58M-

Butterfly Network generated $65.90M in revenue during NA 2023, up -10.21% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Butterfly Network Revenue by Quarter

DateRevenueChange
2024-09-30$20.56M-4.31%
2024-06-30$21.49M21.70%
2024-03-31$17.66M6.90%
2023-12-31$16.52M7.10%
2023-09-30$15.42M-16.58%
2023-06-30$18.49M19.46%
2023-03-31$15.48M-18.47%
2022-12-31$18.98M-3.24%
2022-09-30$19.62M2.10%
2022-06-30$19.21M23.38%
2022-03-31$15.57M-17.98%
2021-12-31$18.99M29.86%
2021-09-30$14.62M-11.46%
2021-06-30$16.51M32.71%
2021-03-31$12.44M-20.52%
2020-12-31$15.65M54.46%
2020-09-30$10.13M-14.05%
2020-06-30$11.79M36.01%
2020-03-31$8.67M-19.25%
2019-12-31$10.74M-

Butterfly Network generated $20.56M in revenue during Q3 2024, up -4.31% compared to the previous quarter, and up 111.22% compared to the same period a year ago.

Butterfly Network Revenue Breakdown

Butterfly Network Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Product$40.66M$50.26M$47.87M
Service, Other$25.86M$23.13M-
Subscription--$14.70M
Loss on product purchase commitment--$13.96M

Butterfly Network's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (61.12%), and Service, Other (38.88%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Product$13.54M$14.65M$11.29M$19.53M$12.27M$8.85M$12.66M$13.16M$13.43M$11.01M$14.41M$10.85M$13.01M$9.60M
Service, Other$7.02M$6.84M$6.37M$13.02M$6.21M$6.63M$6.33M$6.45M------
Subscription--------$5.79M$4.56M$4.57M---
Loss on product purchase commitment----------$2.34M---
Product Purchase Commitment-----------$11.62M--
Subscription And Circulation-----------$3.77M$3.50M$2.85M

Butterfly Network's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (65.84%), and Service, Other (34.16%).

Butterfly Network Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21
United States$52.12M$51.07M$42.99M
International$13.78M--

Butterfly Network's latest annual revenue breakdown by geography, as of Dec 23: United States (79.08%), and International (20.92%).

Quarterly Revenue by Country

CountrySep 24Jun 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Non-US$5.20M-------------
UNITED STATES$15.37M-------------
United States-$17.04M$13.74M$24.62M$15.49M$12.01M$13.19M$13.58M$12.99M$11.30M$12.67M---
International-$4.45M$3.92M-----------
Non Us-----------$4.40M$5.37M$3.55M
U-----------$10.22M$11.15M$8.90M

Butterfly Network's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (74.73%), and Non-US (25.27%).

Butterfly Network Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
MDTMedtronic$32.36B$7.92B
MASIMasimo$2.05B$504.60M
IARTIntegra LifeSciences$1.54B$380.83M
SWAVShockWave Medical$730.23M$218.81M
INSPInspire Medical Systems$624.80M$203.19M
NARIInari Medical$493.63M$153.39M
INMDInMode$492.05M$80.28M
AXNXAxonics$366.38M$116.19M
GKOSGlaukos$314.71M$96.67M
KIDSOrthoPediatrics$148.73M$52.80M
BFLYButterfly Network$65.90M$20.56M
NPCENeuroPace$65.42M$21.06M
MASS908 Devices$50.23M$16.77M
CVRXCVRx$39.30M$13.37M
NNOXNano-X Imaging$9.90M$2.55M
LUCDLucid Diagnostics$2.43M$1.17B
MGRMMonogram Orthopaedics$365.00K-

BFLY Revenue FAQ

What is Butterfly Network’s yearly revenue?

Butterfly Network's yearly revenue for 2023 was $65.9M, representing a decrease of -10.21% compared to 2022. The company's yearly revenue for 2022 was $73.39M, representing an increase of 17.30% compared to 2021. BFLY's yearly revenue for 2021 was $62.56M, representing an increase of 35.27% compared to 2020.

What is Butterfly Network’s quarterly revenue?

Butterfly Network's quarterly revenue for Q3 2024 was $20.56M, a -4.31% decrease from the previous quarter (Q2 2024), and a 33.33% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $21.49M, a 21.70% increase from the previous quarter (Q1 2024), and a 16.23% increase year-over-year (Q2 2023). BFLY's quarterly revenue for Q1 2024 was $17.66M, a 6.90% increase from the previous quarter (Q4 2023), and a 14.09% increase year-over-year (Q1 2023).

What is Butterfly Network’s revenue growth rate?

Butterfly Network's revenue growth rate for the last 3 years (2021-2023) was 5.33%, and for the last 5 years (2019-2023) was 138.92%.

What are Butterfly Network’s revenue streams?

Butterfly Network's revenue streams in c 23 are Product, and Service, Other. Product generated $40.66M in revenue, accounting 61.12% of the company's total revenue, down -19.12% year-over-year. Service, Other generated $25.86M in revenue, accounting 38.88% of the company's total revenue, up 11.83% year-over-year.

What is Butterfly Network’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Butterfly Network was Product. This segment made a revenue of $40.66M, representing 61.12% of the company's total revenue.