← Butterfly Network, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($99.7m) | ($3.5m) | ($32.4m) | ($168.7m) | ($133.7m) | ($72.5m) | ($77.1m) | — | |
| Net Income | — | — | — | ($168.7m) |
($133.7m)
+20.76%
|
($72.5m)
+45.78%
|
($77.1m)
-6.31%
|
($74.8m)
+2.87%
|
|
| Depreciation, amortization, and impairments | — | — | $2.1m | $5.9m | $10.6m | $10.3m | $8.1m | $7.1m | |
| Stock-based compensation expense | $6.0m | $11.0m | $47.8m | $42.5m | $27.5m | $21.0m | $23.4m | $23.9m | |
| Asset Impairment Charge | — | — | — | $783k | $21.1m | $15k | $17.6m | $17.5m | |
| Change In Working Capital | — | — | — | ($29.4m) | ($20.1m) | ($4.8m) | $15.2m | $764k | |
| Accounts receivable | ($1.2m) | ($4.4m) | ($6.1m) | ($3.1m) | ($162k) | ($8.5m) | ($6.8m) | ($11.5m) | |
| Change In Receivables | — | — | — | ($3.1m) | ($162k) | ($8.5m) | ($6.8m) | ($11.5m) | |
| Changes In Account Receivables | — | — | — | ($3.1m) | ($162k) | ($8.5m) | ($6.8m) | ($11.5m) | |
| Write-down of inventories | $2.7m | $7.1m | $889k | $783k | $21.1m | $15k | $8.0m | — | |
| Inventories | ($1.4m) | ($23.5m) | ($11.3m) | ($24.5m) | ($34.1m) | $2.2m | $1.4m | $2.4m | |
| Change In Inventory | — | — | — | ($24.5m) | ($34.1m) | $2.2m | $1.4m | $2.4m | |
| Accounts payable | $2.5m | $11.2m | ($10.5m) | $1.2m | ($1.9m) | ($841k) | $1.2m | $177k | |
| Change In Payables And Accrued Expense | — | — | — | ($15.3m) | ($7.5m) | $3.0m | $6.3m | $177k | |
| Deferred revenue | $3.5m | $7.4m | $7.3m | $2.3m | $2.2m | $435k | $12.8m | — | |
| Accrued purchase commitments | — | $42.5m | ($23.1m) | ($17.4m) | ($2.0m) | $0 | $0 | — | |
| Accrued expenses and other liabilities | $4.4m | $13.1m | $4.0m | $901k | ($3.6m) | $3.8m | $5.1m | — | |
| Change In Accrued Expense | — | — | — | ($16.5m) | ($5.6m) | $3.8m | $5.1m | $15.4m | |
| Other | — | $2.0m | $1.9m | $615k | $633k | $1.1m | $799k | — | |
| Prepaid expenses and other assets | $931k | ($20k) | ($10.7m) | $3.8m | $3.0m | $1.3m | ($1.6m) | — | |
| Net cash used in operating activities | ($120.4m) |
($1.2m)
+99.03%
|
($189.2m)
-16117.66%
|
($169.1m)
+10.61%
|
($98.8m)
+41.57%
|
($41.7m)
+57.79%
|
($12.7m)
+69.55%
|
($24.0m)
-89.13%
|
|
| Purchases of property, equipment, and intangible assets, including capitalized software | ($4.5m) | ($2.4m) | ($7.9m) | ($18.3m) | ($5.8m) | ($2.7m) | ($3.3m) | — | |
| Sales of property and equipment | — | — | $1.8m | $57k | $10k | $36k | $0 | — | |
| Acquisition of property, equipment, and intangible assets, including capitalized software | $75k | $564k | $1.8m | $4.5m | $9.2m | $470k | $396k | — | |
| Purchases of marketable securities | — | — | ($1.0b) | ($75.5m) | ($297k) | $0 | $0 | — | |
| Sales of marketable securities | — | — | $1.0b | $0 | $76.5m | $0 | $0 | — | |
| Net cash provided by (used in) investing activities | ($4.5m) | ($414.0m) | ($9.9m) | ($93.8m) | $70.4m | ($2.7m) | ($3.3m) | ($4.0m) | |
| Issuance Of Debt | — | — | $0 | $0 | — | — | — | $0 | |
| Long Term Debt Issuance | — | — | $0 | $0 | — | — | — | $0 | |
| Long Term Debt Payments | — | — | ($4.4m) | $0 | $0 | — | — | — | |
| Net Issuance Payments Of Debt | — | — | ($4.4m) | $0 | $0 | — | — | — | |
| Net Long Term Debt Issuance | — | — | ($4.4m) | $0 | $0 | — | — | — | |
| Repayment Of Debt | — | — | ($4.4m) | $0 | $0 | — | — | — | |
| Common Stock Issuance | — | — | — | $0 | $0 | $0 | $81.0m | $0 | |
| Issuance Of Capital Stock | — | — | — | $0 | $0 | $0 | $81.0m | $0 | |
| Net Other Financing Charges | — | — | $548.4m | ($101k) | — | ($2.1m) | ($5.5m) | ($2.7m) | |
| Net cash provided by (used in) financing activities | $324k |
$415.3m
+128079.98%
|
$565.7m
+36.21%
|
$2.9m
-99.49%
|
$228k
-92.09%
|
($1.5m)
-755.70%
|
$77.8m
+5301.47%
|
$4.6m
-94.13%
|
|
| Net increase (decrease) in cash, cash equivalents, and restricted cash | ($124.6m) | ($29.8m) | $366.6m | ($260.0m) | ($28.2m) | ($45.9m) | $61.7m | — | |
| Cash, cash equivalents, and restricted cash, beginning of period | $90.0m | $159k | $426.8m | $166.8m | $138.7m | $92.8m | $154.5m | — | |
| Beginning Cash Position | — | — | — | $426.8m | $166.8m | $138.7m | $92.8m | $152.2m | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Non-cash interest expense | — | $1.0m | $389k | $0 | $0 | $1.3m | $1.5m | — | |
| Write-down of vendor advances | — | — | — | — | $0 | $0 | $9.6m | — | |
| Change in fair value of warrant liabilities | — | — | ($161.1m) | ($20.9m) | ($4.5m) | $1.9m | ($2.3m) | — | |
| Gain on lease termination | — | — | — | $0 | ($214k) | $0 | $0 | — | |
| Vendor advances | ($48.5m) | $1.7m | ($2.6m) | $5.1m | $17.1m | ($2.5m) | $3.9m | — | |
| Change in operating lease assets and liabilities | — | — | $1.9m | $2.3m | ($635k) | ($750k) | ($855k) | — | |
| Proceeds from exercise of stock options | $324k | $2.0m | $21.7m | $3.0m | $228k | $64k | $816k | — | |
| Proceeds from employee stock purchase plan | — | — | — | $0 | $0 | $495k | $1.4m | — | |
| Net proceeds from share offering | — | $25k | — | — | $0 | $0 | $81.0m | — | |
| Payments to tax authorities for restricted stock units withheld | — | — | — | ($101k) | $0 | ($739k) | ($2.8m) | — | |
| Payments on technology license commitment | — | — | — | $0 | $0 | ($1.3m) | ($2.7m) | — | |
| Interest paid | — | — | — | — | $0 | $190k | $810k | $810k | |
| Cash Flow From Continuing Financing Activities | — | — | — | $2.9m | $228k | ($1.5m) | $77.8m | $4.6m | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($93.8m) | $70.4m | ($2.7m) | ($3.3m) | ($4.0m) | |
| Change In Account Payable | — | — | — | $1.2m | ($1.9m) | ($841k) | $1.2m | $177k | |
| Change In Cash Supplemental As Reported | — | — | — | ($260.0m) | ($28.2m) | ($45.9m) | $61.7m | — | |
| Change In Other Working Capital | — | — | — | $4.5m | $1.6m | ($315k) | $12.0m | $1.9m | |
| Change In Payable | — | — | — | $1.2m | ($1.9m) | ($841k) | $1.2m | $177k | |
| Change In Prepaid Assets | — | — | — | $8.9m | $20.1m | ($1.2m) | $2.3m | ($7.7m) | |
| Changes In Cash | — | — | — | ($260.0m) | ($28.2m) | ($45.9m) | $61.7m | ($23.5m) | |
| End Cash Position | — | — | — | $166.8m | $138.7m | $92.8m | $154.5m | $128.7m | |
| Financing Cash Flow | — | — | — | $2.9m |
$228k
-92.09%
|
($1.5m)
-755.70%
|
$77.8m
+5301.47%
|
$4.6m
-94.13%
|
|
| Free Cash Flow | — | — | — | ($187.4m) | ($104.6m) | ($44.4m) | ($16.0m) | ($28.0m) | |
| Gain Loss On Investment Securities | — | — | — | ($20.9m) | ($4.5m) | $1.9m | ($2.3m) | ($1.2m) | |
| Investing Cash Flow | — | — | — | ($93.8m) | $70.4m | ($2.7m) | ($3.3m) | ($4.0m) | |
| Net Investment Purchase And Sale | — | — | — | ($75.5m) | $76.2m | $0 | $0 | $0 | |
| Net PPE Purchase And Sale | — | — | — | ($18.2m) | ($5.8m) | ($2.7m) | ($3.3m) | ($4.0m) | |
| Operating Gains Losses | — | — | — | ($20.9m) | ($4.5m) | $1.9m | ($2.3m) | ($1.2m) | |
| Other Non Cash Items | — | — | — | $615k | $419k | $2.4m | $2.3m | — | |
| Proceeds From Stock Option Exercised | — | — | — | $3.0m | $228k | $559k | $2.2m | $7.3m | |
| Purchase Of Investment | — | — | — | ($75.5m) | ($297k) | $0 | $0 | $0 | |
| Purchase Of PPE | — | — | $7.9m | ($18.3m) | ($5.8m) | ($2.7m) | ($3.3m) | ($4.0m) | |
| Sale Of Investment | — | — | — | $0 | $76.5m | $0 | $0 | $0 | |
| Sale Of PPE | — | — | — | $57k | $10k | $36k | $0 | $1k | |
| Stock Based Compensation | — | — | — | $42.5m | $27.5m | $21.0m | $23.4m | $23.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.