Jun 2026 (Q2 FY26) — Jul 30, 2026
Butterfly Network Q2 FY26 — Record Revenue and Gross Margin, Raised Full-Year Guidance
Read the full callButterfly Network earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 32.6 | +39.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -41.9 | +26.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -12.9 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $2.29 on 14 Oct 2025 → $7.85. High $9.93 (22 Sept 2026), low $1.97 (17 Nov 2025).
Overview
Call summaries
Butterfly Network Q2 FY26 — Record Revenue and Gross Margin, Raised Full-Year Guidance
Read the full callEvery analysed call
Financials
Net profit, year on year: +7% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 21 | 22 | 21 | 23 | 21 | 32 | 27 | 33 |
| Operating profit | -17 | -17 | -18 | -16 | -35 | -17 | -14 | -14 |
| Operating margin | −83.9% | −77.5% | −87.0% | −68.8% | −163.5% | −53.0% | −52.3% | −41.9% |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -17 | -18 | -14 | -14 | -34 | -15 | -13 | -13 |
| Tax rate | −0.3% | 0.6% | −0.1% | −0.1% | −0.1% | −0.4% | 0.0% | 0.0% |
| Net profit | -17 | -18 | -14 | -14 | -34 | -15 | -13 | -13 |
| EPS ($ per share) | -0.08 | — | -0.06 | -0.06 | -0.13 | — | -0.05 | -0.05 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Reserves | — | -395 | -427 | -596 | -730 | -802 | -879 |
| Total liabilities | — | 148 | 124 | 92 | 84 | 87 | 101 |
| Fixed assets | — | 7 | 15 | 31 | 25 | 20 | 17 |
| Investments | — | — | — | 75 | — | — | — |
| Total assets | — | 147 | 572 | 418 | 304 | 256 | 297 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -120 | -82 | -189 | -169 | -99 | -42 | -13 |
| Cash from investing | -4 | -2 | -10 | -94 | 70 | -3 | -3 |
| Cash from financing | 0 | 54 | 566 | 3 | 0 | -1 | 78 |
| Net cash flow | -125 | -30 | 367 | -260 | -28 | -46 | 62 |
| Capital expenditure | -4 | -2 | -8 | -18 | -6 | -3 | -3 |
| Free cash flow | -125 | -84 | -197 | -187 | -105 | -44 | -16 |
104 filings between Nov 3, 2025 and Oct 6, 2026.
Purchases
$13.07M
9 purchases by 2 insiders
Sales
$126.22M
79 sales by 9 insiders
57% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 1 gift.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| ROTHBERG JONATHAN M | — | $75.19M | Jul 22, 2026 |
| ROBBINS LARRY | $11.50M | $34.60M | Aug 17, 2026 |
| DEVIVO JOSEPH | — | $6.49M | Oct 6, 2026 |
| Cashman Steve | — | $5.93M | Sep 4, 2026 |
| Carlson Megan | — | $1.74M | Oct 2, 2026 |
| Phanstiel S. Louise | $1.57M | — | Aug 14, 2026 |
| Doherty John N. | — | $1.05M | Jul 20, 2026 |
| Ku Victor | — | $736.5K | Jul 20, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 6, 2026 | DEVIVO JOSEPH President & CEO | Sale 10b5-1 plan | 35,790 | $358.6K |
| Oct 2, 2026 | Carlson Megan CAO and SVP, Finance | Sale | 10,114 | $88.4K |
| Sep 23, 2026 | DEVIVO JOSEPH President & CEO | Sale 10b5-1 plan | 3,169 | $31.8K |
| Sep 22, 2026 | DEVIVO JOSEPH President & CEO | Sale 10b5-1 plan | 2,811 | $28.1K |
| Sep 4, 2026 | Carlson Megan CAO and SVP, Finance | Sale | 13,804 | $100.8K |
| Sep 4, 2026 | Cashman Steve Chief Business Officer | Sale | 140,112 | $1.02M |
| Sep 2, 2026 | Caezza Nicholas Deputy General Counsel | Sale | 1,709 | $13.9K |
| Aug 24, 2026 | DEVIVO JOSEPH President & CEO | Gift | 250,000 | $0 |
| Aug 17, 2026 | ROBBINS LARRY Director | Sale | 582,500 | $5.23M |
| Aug 14, 2026 | Phanstiel S. Louise Director | Purchase | 115,200 | $999.5K |
| Aug 14, 2026 | ROBBINS LARRY Director | Sale | 824,700 | $7.17M |
| Aug 13, 2026 | ROBBINS LARRY Director | Sale | 500,000 | $4.62M |
| Aug 13, 2026 | ROBBINS LARRY Director | Sale | 175,300 | $1.55M |
| Aug 13, 2026 | ROBBINS LARRY Director | Sale | 215,233 | $2.05M |
| Aug 11, 2026 | Caezza Nicholas Deputy General Counsel | Sale | 10,000 | $97.5K |
| Aug 10, 2026 | DEVIVO JOSEPH President & CEO | Sale 10b5-1 plan | 68,346 | $684.1K |
| Aug 3, 2026 | ROBBINS LARRY Director | Sale | 156,163 | $1.27M |
| Jul 31, 2026 | Carlson Megan CAO and SVP, Finance | Sale | 68,852 | $541.4K |
| Jul 31, 2026 | ROBBINS LARRY Director | Sale | 1,720,129 | $12.72M |
| Jul 22, 2026 | ROTHBERG JONATHAN M Director | Sale 10b5-1 plan | 496,680 | $3.21M |
| Jul 22, 2026 | ROTHBERG JONATHAN M Director | Sale 10b5-1 plan | 72,724 | $470.5K |
| Jul 22, 2026 | ROTHBERG JONATHAN M Director | Sale 10b5-1 plan | 36,366 | $235.3K |
| Jul 22, 2026 | ROTHBERG JONATHAN M Director | Sale 10b5-1 plan | 54,143 | $350.3K |
| Jul 21, 2026 | ROTHBERG JONATHAN M Director | Sale 10b5-1 plan | 753,320 | $5.07M |
| Jul 20, 2026 | Ku Victor Chief Technology Officer | Sale | 48,540 | $318.4K |
| Jul 20, 2026 | DEVIVO JOSEPH President & CEO | Sale | 211,798 | $1.39M |
| Jul 20, 2026 | Doherty John N. EVP, CFO | Sale | 57,136 | $374.8K |
| Jul 20, 2026 | ROTHBERG JONATHAN M Director | Sale 10b5-1 plan | 1,177,276 | $7.79M |
| Jul 17, 2026 | ROTHBERG JONATHAN M Director | Sale 10b5-1 plan | 1,195,857 | $7.89M |
| Jul 16, 2026 | ROTHBERG JONATHAN M Director | Sale 10b5-1 plan | 1,213,634 | $8.60M |
| Jul 16, 2026 | ROTHBERG JONATHAN M Director | Sale 10b5-1 plan | 253,867 | $1.80M |
| Jul 15, 2026 | ROTHBERG JONATHAN M Director | Sale 10b5-1 plan | 1,730,319 | $12.67M |
| Jul 14, 2026 | ROTHBERG JONATHAN M Director | Sale 10b5-1 plan | 815,632 | $6.29M |
| Jul 7, 2026 | Ku Victor Chief Technology Officer | Sale | 35,649 | $280.7K |
| Jul 7, 2026 | Doherty John N. EVP, CFO | Sale | 55,229 | $434.8K |
| Jul 7, 2026 | DEVIVO JOSEPH President & CEO | Sale | 204,725 | $1.61M |
| Jul 2, 2026 | Carlson Megan CAO and SVP, Finance | Sale | 41,303 | $328.9K |
| Jun 22, 2026 | Phanstiel S. Louise Director | Award | 25,447 | $0 |
| Jun 22, 2026 | Neubauer Caroll H Director | Award | 25,447 | $0 |
| Jun 22, 2026 | Schwartz Erica Director | Award | 25,447 | $0 |
| Jun 22, 2026 | Edelman Elazer R Director | Award | 25,447 | $0 |
| Jun 22, 2026 | ROTHBERG JONATHAN M Director | Award | 25,447 | $0 |
| Jun 22, 2026 | ROBBINS LARRY Director | Award | 25,447 | $0 |
| Jun 8, 2026 | Cashman Steve Chief Business Officer | Sale | 294,680 | $1.37M |
| Jun 5, 2026 | Cashman Steve Chief Business Officer | Sale | 104,781 | $520.1K |
| Jun 2, 2026 | Caezza Nicholas Deputy General Counsel | Sale | 1,733 | $7.8K |
| May 19, 2026 | Neubauer Caroll H Director | Award | 73,170 | $0 |
| May 1, 2026 | Carlson Megan CAO and SVP, Finance | Sale | 110,422 | $524.4K |
| Apr 29, 2026 | Cashman Steve Chief Business Officer | Sale | 147,518 | $724.2K |
| Apr 16, 2026 | Cashman Steve Chief Business Officer | Sale 10b5-1 plan | 200,000 | $1.04M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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