Butterfly Network Valuation Multiples

Butterfly Network Overview

About Butterfly Network

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.

Founded

2020

HQ

Employees

190

Website

butterflynetwork.com

Sectors

Medical Imaging & DiagnosticsMedical DevicesHealthTechBioTechLongevity

Financials (LTM)

Revenue: $103M

EBITDA: ($26M)

EV

$1B

Valuation Multiples

Multiples.vc

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Butterfly Network Financials

Butterfly Network reported last 12-month revenue of $103M and negative EBITDA of ($26M).

In the same LTM period, Butterfly Network generated $61M in gross profit, ($26M) in EBITDA losses, and had net loss of ($70M).

Butterfly Network P&L

In the most recent fiscal year, Butterfly Network reported revenue of $98M and EBITDA of ($27M).

Butterfly Network expects next 12-month revenue of XXX and NTM EBITDA of XXX

Butterfly Network Stock Performance

Butterfly Network has current market cap of $1B, and enterprise value of $1B.

Butterfly Network's stock price is $5.45.

Butterfly Network Valuation Multiples

Butterfly Network trades at 12.2x EV/Revenue multiple, and (48.4x) EV/EBITDA.

Butterfly Network Financial Valuation Multiples

As of April 20, 2026, Butterfly Network has market cap of $1B and EV of $1B.

Equity research analysts estimate Butterfly Network's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Butterfly Network has a P/E ratio of (20.0x).

Butterfly Network Margins & Growth Rates

Butterfly Network's revenue in the last 12 month grew by 20%.

Butterfly Network's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.7M for the same period.

Butterfly Network's rule of 40 is (2%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Butterfly Network's rule of X is 28% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Butterfly Network Public Comps

See public comps and valuation multiples for other Medical Imaging & Diagnostics and Medical Devices comps.

Butterfly Network M&A Activity

Butterfly Network acquired XXX companies to date.

Last acquisition by Butterfly Network was on XXXXXXXX, XXXXX. Butterfly Network acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Butterfly Network Investment Activity

Butterfly Network invested in XXX companies to date.

Butterfly Network made its latest investment on XXXXXXXX, XXXXX. Butterfly Network invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).