Butterfly Network (BFLY) Revenue & Revenue Breakdown
Butterfly Network Revenue Highlights
Latest Revenue (Y)
$65.90M
Latest Revenue (Q)
$21.49M
Main Segment (Y)
Product
Main Geography (Y)
United States
Butterfly Network Revenue by Period
Butterfly Network Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $65.90M | -10.21% |
| 2022-12-31 | $73.39M | 17.30% |
| 2021-12-31 | $62.56M | 35.27% |
| 2020-12-31 | $46.25M | 67.68% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $21.49M | 21.70% |
| 2024-03-31 | $17.66M | 6.90% |
| 2023-12-31 | $16.52M | 7.10% |
| 2023-09-30 | $15.42M | -16.58% |
| 2023-06-30 | $18.49M | 19.46% |
| 2023-03-31 | $15.48M | -18.47% |
| 2022-12-31 | $18.98M | -3.24% |
| 2022-09-30 | $19.62M | 2.10% |
| 2022-06-30 | $19.21M | 23.38% |
| 2022-03-31 | $15.57M | -17.98% |
| 2021-12-31 | $18.99M | 29.86% |
| 2021-09-30 | $14.62M | -11.46% |
| 2021-06-30 | $16.51M | 32.71% |
| 2021-03-31 | $12.44M | -20.52% |
| 2020-12-31 | $15.65M | 54.46% |
| 2020-09-30 | $10.13M | -14.05% |
| 2020-06-30 | $11.79M | 36.01% |
| 2020-03-31 | $8.67M | - |
Butterfly Network generated $21.49M in revenue during Q2 2024, up 21.70% compared to the previous quarter, and up 138.84% compared to the same period a year ago.
Butterfly Network Revenue Breakdown
Butterfly Network Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Service, Other | $25.86M | $23.13M | - |
| Product | $40.66M | $50.26M | $47.87M |
| Loss on product purchase commitment | - | - | $13.96M |
| Subscription | - | - | $14.70M |
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/Service | Jun 24 | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Product | $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 | $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 | - | - | - |
| Subscription And Circulation | - | - | - | - | - | - | - | - | - | - | $3.77M | $3.50M | $2.85M |
| Product Purchase Commitment | - | - | - | - | - | - | - | - | - | - | $11.62M | - | - |
Butterfly Network's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Product (68.17%), and Service, Other (31.83%).
Butterfly Network Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 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
| Country | Jun 24 | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| International | $4.45M | $3.92M | - | - | - | - | - | - | - | - | - | - | - |
| United States | $17.04M | $13.74M | $24.62M | $15.49M | $12.01M | $13.19M | $13.58M | $12.99M | $11.30M | $12.67M | - | - | - |
| U | - | - | - | - | - | - | - | - | - | - | $10.22M | $11.15M | $8.90M |
| Non Us | - | - | - | - | - | - | - | - | - | - | $4.40M | $5.37M | $3.55M |
Butterfly Network's latest quarterly revenue breakdown by geography, as of Jun 24: United States (79.30%), and International (20.70%).
Butterfly Network Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| MDT | Medtronic | $32.36B | $7.92B |
| MASI | Masimo | $2.05B | $492.80M |
| IART | Integra LifeSciences | $1.54B | $418.18M |
| SWAV | ShockWave Medical | $730.23M | $218.81M |
| INSP | Inspire Medical Systems | $624.80M | $195.88M |
| NARI | Inari Medical | $493.63M | $145.82M |
| INMD | InMode | $492.05M | $80.28M |
| AXNX | Axonics | $366.38M | $114.56M |
| GKOS | Glaukos | $314.71M | $95.69M |
| KIDS | OrthoPediatrics | $148.73M | $52.80M |
| BFLY | Butterfly Network | $65.90M | $21.49M |
| NPCE | NeuroPace | $65.42M | $18.12M |
| MASS | 908 Devices | $50.23M | $14.05M |
| CVRX | CVRx | $39.30M | $11.81M |
| NNOX | Nano-X Imaging | $9.90M | $2.55M |
| LUCD | Lucid Diagnostics | $2.43M | $976.00K |
| MGRM | Monogram 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 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). The company'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). BFLY's quarterly revenue for Q4 2023 was $16.52M, a 7.10% increase from the previous quarter (Q3 2023), and a -13.00% decrease year-over-year (Q4 2022).
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 Service, Other, and Product. Service, Other generated $25.86M in revenue, accounting 38.88% of the company's total revenue, up 11.83% year-over-year. Product generated $40.66M in revenue, accounting 61.12% of the company's total revenue, down -19.12% 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.