Discounted Cash Flow

Butterfly Network, Inc.

BFLY · Based on 10 years of SEC filings

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2019 $27.6m $-99.7m $-120.4m -361.4% $-17.08
2020 $46.3m (67.7%) $-162.7m (-63.2%) $-1.2m (99.0%) -351.9% (2.6%) $-26.87 (-57.3%)
2021 $62.6m (35.3%) $-32.4m (80.1%) $-189.2m (-16117.7%) -51.8% (85.3%) $-0.19 (99.3%)
2022 $73.4m (17.3%) $-168.7m (-420.6%) $-169.1m (10.6%) -229.9% (-343.8%) $-0.84 (-342.1%)
2023 $65.9m (-10.2%) $-133.7m (20.8%) $-98.8m (41.6%) -202.9% (11.8%) $-0.65 (22.6%)
2024 $82.1m (24.5%) $-72.5m (45.8%) $-41.7m (57.8%) -88.3% (56.5%) $-0.34 (47.7%)
2025 $97.6m (19.0%) $-77.1m (-6.3%) $-12.7m (69.5%) -79.0% (10.6%) $-0.31 (8.8%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

No positive free cash flow in recent history — company has not generated positive FCF

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.