Butterfly Network Reports Third Quarter 2026 Financial Results
Business Wire•29/10/2026•06:30 ET
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Key Highlights
- ➤Q3 revenue $32.6 million, up 52% year-over-year
- ➤Adjusted EBITDA loss $1.2 million, improving 85% year-over-year
- ➤Gross margin reached company-record 73.0%
- ➤Full-year 2026 revenue guidance raised to $123 million-$126 million
- ➤Five 7-figure and ten 6-figure enterprise deals closed in Q3
Expert Statements
Joseph DeVivo, President, Chief Executive Officer and Chairman of Butterfly Network
“Our third quarter results came in ahead of guidance on both revenue and adjusted EBITDA, and we posted the highest gross margin in Butterfly’s history. We saw strength across our business. The enterprise pipeline is turning into signed deals, and achieving FedRAMP authorization puts larger federal opportunities on the table. Home & Community Care has also moved from building the program to executing it, with first revenue expected this November.”
Joseph DeVivo, President, Chief Executive Officer and Chairman of Butterfly Network
“What excites me most is that our progress is compounding as we laid out. Our Ultrasound-on-Chip™ platform is taking Butterfly into entirely new categories, from brain-computer interfaces to physical AI. The first Embedded partner product is now on the market, and we have next-generation technology in motion. Every step forward expands the markets we can serve, and more than a decade of investment in this semiconductor platform is beginning to deliver on the vast potential we have expected.”
Butterfly Network Reports Third Quarter 2026 Financial Results
Beats High End of Quarterly Revenue and Adjusted EBITDA Guidance
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