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Butterfly Network Inc is a digital health business transforming care with handheld, whole-body ultrasound. Powered by its proprietary Ultrasound-on-Chip technology, its solution enables the acquisition of imaging information from an affordable, powerful device that fits in a healthcare professional’s pocket with a combination of cloud-connected software and hardware technology that is easily accessed through a mobile application. The company enables the practical application of ultrasound information in the clinical workflow. Butterfly iQ+ is an ultrasound device that can perform whole-body imaging in a single handheld probe using semiconductor technology. With its small, handheld size, low cost, and simple user interface.
2020
190
LTM Revenue $86.6M
LTM EBITDA -$39.1M
$546M
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Butterfly Network has a last 12-month revenue of $86.6M and a last 12-month EBITDA of -$39.1M.
In the most recent fiscal year, Butterfly Network achieved revenue of $82.1M and an EBITDA of -$60.9M.
Butterfly Network expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Butterfly Network valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $65.9M | $82.1M | XXX | XXX | XXX |
| Gross Profit | $39.5M | $16.9M | XXX | XXX | XXX |
| Gross Margin | 60% | 21% | XXX | XXX | XXX |
| EBITDA | -$123M | -$60.9M | XXX | XXX | XXX |
| EBITDA Margin | -187% | -74% | XXX | XXX | XXX |
| Net Profit | -$169M | -$134M | XXX | XXX | XXX |
| Net Margin | -256% | -163% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Butterfly Network's stock price is $3.
Butterfly Network has current market cap of $612M, and EV of $546M.
See Butterfly Network trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $546M | $612M | XXX | XXX | XXX | XXX | $-0.22 |
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Sign UpAs of April 15, 2025, Butterfly Network has market cap of $612M and EV of $546M.
Butterfly Network's trades at 6.3x LTM EV/Revenue multiple, and -14.0x LTM EBITDA.
Analysts estimate Butterfly Network's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Butterfly Network and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $546M | XXX | XXX | XXX |
| EV/Revenue | 6.7x | XXX | XXX | XXX |
| EV/EBITDA | -9.0x | XXX | XXX | XXX |
| P/E | -8.4x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -12.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpButterfly Network's NTM/LTM revenue growth is 21%
Butterfly Network's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.6M for the same period.
Over next 12 months, Butterfly Network's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Butterfly Network's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Butterfly Network and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 25% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -74% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -50% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -53% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.6M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 51% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 53% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 46% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 150% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Philips | XXX | XXX | XXX | XXX | XXX | XXX |
| Perspective Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| SmartVest | XXX | XXX | XXX | XXX | XXX | XXX |
| InfuSystem | XXX | XXX | XXX | XXX | XXX | XXX |
| Myomo | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Butterfly Network acquired XXX companies to date.
Last acquisition by Butterfly Network was XXXXXXXX, XXXXX XXXXX XXXXXX . Butterfly Network acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Butterfly Network founded? | Butterfly Network was founded in 2020. |
| Where is Butterfly Network headquartered? | Butterfly Network is headquartered in United States of America. |
| How many employees does Butterfly Network have? | As of today, Butterfly Network has 190 employees. |
| Who is the CEO of Butterfly Network? | Butterfly Network's CEO is Mr. Joseph M. Devivo. |
| Is Butterfly Network publicy listed? | Yes, Butterfly Network is a public company listed on NYS. |
| What is the stock symbol of Butterfly Network? | Butterfly Network trades under BFLY ticker. |
| When did Butterfly Network go public? | Butterfly Network went public in 2021. |
| Who are competitors of Butterfly Network? | Similar companies to Butterfly Network include e.g. Philips, Perspective Therapeutics, SmartVest, InfuSystem. |
| What is the current market cap of Butterfly Network? | Butterfly Network's current market cap is $612M |
| What is the current revenue of Butterfly Network? | Butterfly Network's last 12-month revenue is $86.6M. |
| What is the current EBITDA of Butterfly Network? | Butterfly Network's last 12-month EBITDA is -$39.1M. |
| What is the current EV/Revenue multiple of Butterfly Network? | Current revenue multiple of Butterfly Network is 6.3x. |
| What is the current EV/EBITDA multiple of Butterfly Network? | Current EBITDA multiple of Butterfly Network is -14.0x. |
| What is the current revenue growth of Butterfly Network? | Butterfly Network revenue growth between 2023 and 2024 was 25%. |
| Is Butterfly Network profitable? | Yes, Butterfly Network is EBITDA-positive (as of the last 12 months). |
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