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Butterfly Network, Inc. cash flow statement

In fiscal 2025, Butterfly Network, Inc.'s operations generated −$12.7m of cash; it spent $3.3m on capital projects, leaving free cash flow of −$16.0m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations−120−82−189−169−99−42−13−23
Depreciation and amortisation1126997—
Stock-based pay611484327212326
Capital spending428186334
Free cash flow−125−84−197−187−105−44−16−28
Free cash flow after stock pay−131−95−245−230−132−65−39−53
Shares issued—0——00810

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Butterfly Network, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Butterfly Network, Inc.