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Butterfly Network Inc (BFLY) Fair Value & Analysis

Healthcare · US · Market cap $1.5B · ISIN US1241551027

What is Butterfly Network Inc really worth?

BN Butterfly Network Inc logo Butterfly Network Inc BFLY · US
Price$7.29
Fair Value$2.09
Upside−71.3%
Quality38/100

Below-average quality, and trading another 249% above our fair value of $2.09.

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Risks

!Expensive Growth (revenue 5y +16.1 %/yr)
!Loss-making · -73.6% net margin
!Low debt · negative free cash flow
!Trails peers (2/11)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range $1.31 – $2.63

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 22 days ago

Share price −17.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($2.63). The favourable scenario is already priced in.
  • Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range ($1.31 to $2.63) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$14.78 $0.7048 Fair Value $2.09 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $0.7048 – $14.78 · fair‑value band $1.31 – $2.63 · the $7.29 price screens above the $2.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Butterfly Network Inc (BFLY) currently trades at $7.29, while our model-based Fair Value estimate is $2.09, implying the stock looks roughly 248.7% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Healthcare sector. Bull case: the Dividend Discount group reads highest at a median of $3.07 per share, and 0 of the 3 models we run sit above the $7.29 price. Bear case: the Asset-Based group reads lowest at $0.5600, and 3 of the 3 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Butterfly Network Inc generated revenue of $103M at a net margin of −73.6%. Revenue grew 25.0% year over year. It earns a return on equity of −35.2%. The balance sheet holds a net cash position of $130M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $1.31 (bear case) to $2.63 (bull case); at $7.29, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −34% fair-value upside, at −71%, BFLY screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Gordon GGM $1.86 $3.36 $4.62 66
DDM Multi-Stage $1.86 $3.07 $3.59 65
NCAV (Graham) $0.4200 $0.5600 $0.8300 54
All 3 models by family
Dividend Discount
Gordon GGM $1.86 $3.36 $4.62 66
DDM Multi-Stage $1.86 $3.07 $3.59 65
Asset-Based
NCAV (Graham) $0.4200 $0.5600 $0.8300 54

Widest divergence: Dividend Discount ($3.07) versus Asset-Based ($0.5600). Highest evidence: Gordon GGM (66).

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Key figures & financial health

P/S ratio 14.5 TTM
EPS (TTM) $−0.3000
Dividend yield 3.8%
Net margin −79.0% FY2025
Return on equity −35.2% TTM
Return on assets (EBIT) −37.2% avg 5y
More key figures
Profitability
Operating margin −50.8% TTM
Growth
Revenue (TTM) $103M TTM
Revenue growth (YoY) +25.0% 3y avg +10.0%
Balance sheet & cash flow
Free cash flow −$16.0M FY2025
Net cash $130M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 41 · Market factors (momentum, volatility) 68

Profitability 9
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 2
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Butterfly Network, Inc. develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally.

Full company description

Butterfly Network, Inc. develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. The company offers Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging on a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; Butterfly Move, merging the mobility of a handheld with the stability of a full cart system; and iQ+ Bladder, a specialty product for bladder scanning market. It also provides Compass AI which offers one system to connect every device, workflow, and department; ScanLab, an AI-powered educational platform that provides written walkthroughs and reference imagery to guide real-time educational scanning; and Butterfly iQ+/iQ3 Vet, a third generation handheld ultrasound system. It sells and markets its products through a direct sales force, distributors, and e-commerce channels. Butterfly Network, Inc. was founded in 2011 and is headquartered in Burlington, Massachusetts.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Butterfly Network Inc reported revenue of $97.6M in FY2025 versus $62.6M in FY2021, a compound +11.8%/yr. Reported net income was −$77.1M in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$97.6M
Latest YoY
+19.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.0%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.1%
Avg. revenue growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+81.1%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +11.8%/yr
FY21 $62.6M
FY22 $73.4M
FY23 $65.9M
FY24 $82.1M
FY25 $97.6M
Net income
FY21 −$32.4M
FY22 −$169M
FY23 −$134M
FY24 −$72.5M
FY25 −$77.1M

BFLY screens 249% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Butterfly Network Inc Fair Value". https://www.fairvalue-calculator.com/stock/BFLY

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Medical Devices · 351 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 38 · Bottom 25%
Fair Value upside −71% · Bottom 25%
Return on assets −11% · Bottom 25%
Net margin (TTM) −74% · Bottom 25%
Operating margin (TTM) −51% · Bottom 25%
Revenue growth 25% · Top 25%
Dividend yield (TTM) 3.8% · Top 25%
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Medical Devices median · lower = cheaper

P/B 7.62× · Pricier than 75% of peers
P/S (TTM) 14.52× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 32
PAST0 · sector 5
HEALTH86 · sector 97
DIVIDEND76 · sector 34

VALUE 0: the price sits above our fair-value range.

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $112.47 $74.79 −34%
Stryker Corporation SYK $322.12 $186.28 −42%
Medtronic plc MDT $89.97 $65.57 −27%
Boston Scientific Corporation BSX $46.84 $30.73 −34%
Edwards Lifesciences Corporation EW $89.78 $41.02 −54%
Siemens Healthineers AG SHL €39.52 €33.87 −14%
DexCom, Inc DXCM $90.82 $38.95 −57%
GE HealthCare Technologies Inc GEHC $74.82 $64.13 −14%
Koninklijke Philips N.V PHIA €23.69 €14.36 −39%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥150.63 ¥147.63 −2%

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Frequently asked questions

Is Butterfly Network Inc (BFLY) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $2.09 versus a price of $7.29, about −71% upside (overvalued).
What is the fair value of BFLY?
Our model-based fair value for Butterfly Network Inc is $2.09 (as of Aug 13, 2026), built from audited fundamentals. The current price: $7.29.
What is the quality score of BFLY?
Butterfly Network Inc has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Butterfly Network Inc (BFLY)?
Butterfly Network Inc reported trailing-twelve-month revenue of about $103M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BFLY?
The net profit margin of Butterfly Network Inc is about −73.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Butterfly Network Inc pay a dividend?
Butterfly Network Inc currently shows a dividend yield of about 3.78% relative to its recent price (as of Aug 13, 2026).
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