Butterfly Network
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 46.3m | 62.6m | 73.4m | 65.9m | 78.4m | 90.7m | 110m |
| % growth | 68 % | 35 % | 17 % | (10 %) | 19 % | 16 % | 21 % |
| EBITDA | (162m) | (191m) | (184m) | (128m) | (45.0m) | (32.4m) | (21.9m) |
| % EBITDA margin | (349 %) | (305 %) | (250 %) | (194 %) | (57 %) | (36 %) | (20 %) |
| Profit | (163m) | (32.4m) | (169m) | (134m) | (78.6m) | (84.7m) | (72.6m) |
| % profit margin | (352 %) | (52 %) | (230 %) | (203 %) | (100 %) | (93 %) | (66 %) |
| EV / revenue | 21.6x | 14.3x | 6.7x | 3.4x | 3.0x | 2.6x | 2.1x |
| EV / EBITDA | -6.2x | -4.7x | -2.7x | -1.8x | -5.2x | -7.2x | -10.6x |
| R&D budget | 49.7m | 74.5m | 89.1m | 55.6m | - | - | - |
| R&D % of revenue | 108 % | 119 % | 121 % | 84 % | - | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Seed | ||
$100m | Late VC | ||
* | $250m | Series D | |
$414m Valuation: $1.5b 32.4x EV/LTM Revenues -9.3x EV/LTM EBITDA | SPAC IPO | ||
$175m Valuation: $1.5b 32.4x EV/LTM Revenues -9.3x EV/LTM EBITDA | SPAC Private Placement | ||
$5.0m | Grant | ||
| Total Funding | $530m | ||
Related Content
Recent News about Butterfly Network
EditButterfly Network is a pioneering company in the medical imaging sector, specifically focusing on point-of-care ultrasound (POCUS) solutions. The company has developed a revolutionary product, the Butterfly iQ, which is the only single-probe, whole-body handheld ultrasound device. This device simplifies complex ultrasound processes into one connected system, making it easier and more efficient for healthcare providers to deliver care.
Butterfly Network primarily serves healthcare practitioners, including doctors, nurses, and medical technicians, across various settings such as hospitals, clinics, and rural healthcare facilities. The company operates in the global healthcare market, with a particular emphasis on improving access to medical imaging in underserved areas.
The business model of Butterfly Network revolves around the sale of its innovative ultrasound devices and related software. The company generates revenue through direct sales of the Butterfly iQ device, subscription services for its software platform, and educational resources for healthcare professionals. The software platform enhances the functionality of the device by offering features such as image storage, telehealth capabilities, and advanced imaging tools.
Butterfly Network's value proposition lies in its ability to provide affordable, high-quality ultrasound imaging that can be used at the point of care. This not only improves the efficiency of medical diagnostics but also enables better decision-making and outcomes for patients. By making ultrasound technology more accessible and easier to use, Butterfly Network is addressing a critical need in the healthcare industry.
In summary, Butterfly Network is transforming the medical imaging landscape with its innovative, cost-effective, and user-friendly ultrasound solutions. The company is well-positioned to make a significant impact on global healthcare by improving access to essential diagnostic tools.
Keywords: ultrasound, medical imaging, healthcare, POCUS, Butterfly iQ, handheld device, telehealth, diagnostics, innovation, efficiency.