- Net loss narrowed to $15.3 million from $18.1 million a year ago, while EBITDA loss improved to $3.2 million, compared with a loss of $9.1 million in the prior-year quarter.
- The company credited its Butterfly Embedded platform strategy, including a partnership with Midjourney, for adding $6.8 million in Q4 revenue.
- For fiscal 2026, Butterfly projects revenue between $117 million and $121 million.
Butterfly Network, Inc. (BFLY) on Thursday reported strong fourth-quarter (Q4) and full-year 2025 results, highlighting expanding revenue growth and narrowing losses as it expands partnerships and advances its AI-driven imaging platform.
The company posted Q4 revenue of $31.5 million, marking a 41% year over year (YoY) increase.
Quarterly Performance Surges
U.S. sales climbed 55% YoY to $26.8 million, fueled in part by a new co-development collaboration with Midjourney and higher probe demand.
Net loss narrowed to $15.3 million from $18.1 million a year ago, while adjusted loss per share (EPS) for the quarter was $0.02. Both revenue and EPS exceeded the analysts’ consensus estimates of $26.25 million and a loss of $0.07, respectively, according to Fiscal AI data.
Butterfly Network stock traded over 23% higher in Thursday’s premarket. On Stocktwits, retail sentiment around the stock jumped to ‘bullish’ from ‘neutral’ territory the previous day. Message volume shifted to ‘high’ from ‘normal’ levels in 24 hours.
Expenses And Profitability Trends
Operating costs increased 22% YoY to $37.9 million, reflecting stepped-up spending on sales and client experience initiatives. Excluding stock-based compensation and certain other items, operating expenses were $26.2 million.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss improved to $3.2 million, compared with a loss of $9.1 million in the prior-year quarter. The company ended the year with $150.5 million in cash and equivalents and generated a positive net cash flow of $6.3 million in the quarter.
The company credited its Butterfly Embedded platform strategy, including a partnership with Midjourney, for adding $6.8 million in Q4 revenue. The broader agreement, disclosed in November, outlines potential payments totaling up to $74 million over five years.
For fiscal 2026, Butterfly projects revenue of $117 million to $121 million, representing growth of roughly 20% to 24%. BFLY stock has declined by over 21% in the last 12 months.
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