Butterfly Network Reports Record Q4 Revenue, First Positive Operating Cash Flow, and Strong FY26 Guidance

summarizeSummary

Butterfly Network reported record Q4 2025 revenue, achieved its first quarter of positive operating cash flow, and provided optimistic FY26 guidance, signaling strong operational progress.

check_boxKey Events

• Record Q4 Revenue

  Reported record quarterly revenue of $31.5 million for Q4 2025, representing 41% year-over-year growth, significantly exceeding preliminary guidance of 'at least 17%'.

• First Positive Operating Cash Flow

  Generated positive net cash flow of $6.3 million in Q4 2025, marking the first quarter of positive operating cash flow in the company's history.

• Narrowed Losses

  Net loss improved to $15.3 million from $18.1 million in the prior year period, and Adjusted EBITDA loss narrowed to $3.2 million from $9.1 million.

• Strong FY26 Guidance

  Provided Fiscal Year 2026 revenue guidance of $117 million to $121 million, representing approximately 20% to 24% growth, with an Adjusted EBITDA loss of $21 million to $25 million.

auto_awesomeAnalysis

Butterfly Network's Q4 2025 results significantly exceeded expectations, with revenue growth of 41% year-over-year, substantially higher than the preliminary 'at least 17%' guidance. The company achieved its first quarter of positive operating cash flow in its history, a critical milestone for a growth-oriented company. This strong performance, coupled with narrowed net and adjusted EBITDA losses and solid FY26 revenue guidance, indicates positive momentum and effective execution of its strategic plan, particularly with the material contribution from the Midjourney partnership.