Butterfly Network Q3 revenue rises 52% to $32.6 million; raises 2026 revenue guidance
Butterfly Network reported third-quarter 2026 revenue of $32.6 million, up 52% from $21.5 million a year earlier, and a net loss of $12.8 million, down from $34.0 million. The company raised its full-year 2026 revenue and adjusted EBITDA guidance, but its fourth-quarter revenue guidance of $31 million to $34 million implies about 3% growth at the midpoint.
Key points
- Q3 2026 revenue was $32.6 million, up 52%; U.S. revenue rose 71% to $27.5 million while international revenue fell 5% to $5.1 million.
- Q3 GAAP gross margin was 73.0%, compared with a negative 17.5% a year earlier, which included a $17.4 million inventory write-down.
- Full-year 2026 revenue guidance was raised to $123 million to $126 million; adjusted EBITDA loss guidance is $12 million to $15 million.
- Cash and cash equivalents were $122.3 million as of September 30, 2026, down from $150.5 million at December 31, 2025.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.