Butterfly Network (BFLY) reported third-quarter 2026 revenue of $32.6 million, up 52% from $21.5 million a year earlier. The company recorded a net loss of $12.8 million, or $0.05 per share, compared with a $34.0 million loss, or $0.13 per share, in the prior-year quarter.
GAAP gross margin was 73.0%, while adjusted EBITDA loss improved to $1.2 million from $8.1 million. Butterfly raised its full-year 2026 revenue and adjusted EBITDA guidance.
- U.S. revenue rose 71% year over year to $27.5 million; international revenue fell 5% to $5.1 million.
- Cash and cash equivalents totaled $122.3 million as of September 30, 2026.
- Full-year revenue guidance increased to $123 million to $126 million, representing approximately 26% to 29% growth.
- Fourth-quarter revenue guidance is $31 million to $34 million, with adjusted EBITDA loss guidance of $3 million to $6 million.
- The company closed five seven-figure and 10 six-figure total contract value enterprise deals during the quarter.
