← Butterfly Network, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $60.2m | $422.8m | $162.6m | $134.4m | $88.8m | $150.5m | |
| Accounts receivable, net of allowance for credit losses of $1,389 and $2,583 at December 31, 2025 and December 31, 2024, respectively | $5.8m | $11.9m | $14.7m | $13.4m | $20.8m | $26.7m | |
| Inventories | $25.8m | $36.2m | $60.0m | $73.0m | $70.8m | $61.4m | |
| Prepaid expenses and other current assets | $3.0m | $13.4m | $9.5m | $7.6m | $6.7m | $8.4m | |
| Total current assets | $318k | $511.9m | $357.1m | $231.3m | $192.6m | $249.1m | |
| Property and equipment, net | $6.9m | $14.7m | $31.3m | $25.3m | $19.5m | $16.6m | |
| Intangible assets, net | — | — | — | $10.3m | $8.9m | $7.5m | |
| Current portion of vendor advances | $2.6m | $27.5m | $35.2m | $2.8m | $5.5m | $2.1m | |
| Non-current portion of vendor advances | $37.4m | $12.8m | — | $15.3m | $15.0m | $5.0m | |
| Operating lease assets | — | $24.1m | $21.6m | $15.7m | $14.2m | $12.7m | |
| Other non-current assets | $5.6m | $8.5m | $7.5m | $6.4m | $5.8m | $5.7m | |
| Accrued purchase commitments, current | $22.9m | $5.3m | $2.1m | $131k | $131k | $131k | |
| Warrant liabilities, current | — | — | — | — | $0 | $413k | |
| Accrued expenses and other current liabilities | $22.0m | $25.6m | $26.1m | $23.4m | $27.7m | $32.2m | |
| Warrant liabilities, non-current | — | — | — | — | $2.7m | $0 | |
| Operating lease liabilities | — | $27.7m | $30.0m | $22.8m | $20.4m | $17.7m | |
| Other non-current liabilities | $2.1m | $850k | $588k | $8.9m | $8.6m | $8.3m | |
| Total stockholders’ equity | $5.0m | $447.7m | $325.4m | $220.1m | $168.8m | $196.0m | |
| Total assets | $414.7m | $572.0m | $417.6m | $304.3m | $256.1m | $296.5m | |
| Total liabilities and stockholders’ equity | $414.7m | $572.0m | $417.6m | $304.3m | $256.1m | $296.5m | |
| Accounts payable | $16.4m | $5.8m | $7.2m | $5.1m | $4.2m | $5.4m | |
| Deferred revenue, current | $8.4m | $13.1m | $15.9m | $15.6m | $16.1m | $26.9m | |
| Deferred revenue, non-current | $2.8m | $5.5m | $5.0m | $7.4m | $7.3m | $9.4m | |
| Total current liabilities | $2.8m | $49.8m | $51.3m | $44.3m | $48.2m | $65.1m | |
| Total liabilities | $17.3m | $124.3m | $92.2m | $84.2m | $87.2m | $100.6m | |
| Common stock, value | $1k | $20k | $20k | $21k | $22k | $26k | |
| Additional paid-in capital | $8.5m | $874.9m | $921.3m | $949.7m | $970.9m | $1.1b | |
| Accumulated deficit | ($3.5m) | ($427.2m) | ($595.9m) | ($729.6m) | ($802.1m) | ($879.2m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.