Butterfly Network, Inc.

BFLYNYSEHealthcare● Active

$4.78

+$0.21(+4.60%)

Market Cap$1.3B

P/E Ratio—

52W High$5.72

52W Low$1.32

Avg Volume4.7M

Open$4.63

Beta2.20

Overview

Butterfly Network, Inc. (BFLY) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BFLY · free cash flow · updated Jun 8, 2026

Core FCF metrics

BFLY · FCF · TTM · margin & CAGR

Free cash flow was −$16.0M for FY2025 (fiscal year ending 2025-12-31), up 63.9% year-over-year The FCF margin was -16.4%.

FY2025 Free Cash Flow−$16.0M▲ +63.9% YoY

Trailing 12M (TTM)−$18.9Mtrailing 4 quarters sum

FCF Margin-16.4%−$16.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BFLY · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$12.7M(3M)−$16.0M▲ +63.9%-16.4%

FY2024−$41.7M(3M)−$44.4M▲ +57.6%-54.1%

FY2023−$98.8M(6M)−$104.6M▲ +44.2%-158.7%

FY2022−$169.1M(18M)−$187.4M▲ +4.9%-255.4%

FY2021−$189.2M(8M)−$197.1M▼ 134.4%-315.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BFLY · P/FCF · FCF yield · FCF per share

Butterfly Network, Inc. (BFLY) reported negative free cash flow of −$0.02B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BFLY · cash flow statement · operating / investing / financing

For FY2025, Butterfly Network, Inc. generated −$12.7M in operating cash flow and spent 3M in capital expenditures, yielding −$16.0M in free cash flow.

Operating Activities

−$12.7M

Cash from core business operations

2025-12-31

Investing Activities

−$3.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$77.8M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$12.7M) − |CapEx| (3M) = FCF (−$16.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

BFLY vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Butterfly Network, Inc.YOU

BFLY

−$16.0M+63.9%-16.4%

Loss

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Butterfly Network, Inc. (BFLY) reported free cash flow of −$16.0M for FY2025 (fiscal year ending 2025-12-31), up 63.9% year-over-year. The FCF margin was -16.4%.

Butterfly Network, Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 8 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BFLY free cash flow · 8 questions

Butterfly Network, Inc. free cash flow was −$16.0M for FY2025, up 63.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$18.9M.

BFLY free cash flowBFLY FCFBFLY FCF 2025BFLY free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Butterfly Network, Inc. · Butterfly Network, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026