Butterfly Network vs Rxsight
Rxsight is the larger business, with $134m of revenue in fiscal 2025 against $97.6m for Butterfly Network (1.4 times as much). Butterfly Network grew faster (19.0% against -3.9%). Rxsight kept more of each dollar of sales as profit: a net margin of -29.0% against -79.0%. Butterfly Network carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | Butterfly NetworkBFLY, 2025 | RxsightRXST, 2025 |
|---|---|---|
| Revenue | $97.6m | $134m |
| Revenue growth | 19.0% | -3.9% |
| Net income | −$77.1m | −$38.9m |
| Operating margin | -88.5% | -35.8% |
| Net margin | -79.0% | -29.0% |
| Return on equity | -42.2% | -14.0% |
| Free cash flow | −$16.0m | −$19.3m |
| Cash | $150m | $19.9m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 220 | 461 |
| Market value | $1.69bn | $192m |
| Price vs our value range | — | — |
| Moat score | 18 (Weak) | 27 (Weak) |
| Insider trades, 12 months | 9 buys, 76 sales | 0 buys, 4 sales |