Digital health firm Butterfly Network beats Q3 revenue estimates

Butterfly Network

31/10/2025 10:38

Overview

Butterfly Network Q3 revenue grows 5% yr/yr, beating analyst expectations

Company reduced quarterly cash burn to $3.9 mln, a record low

Net loss for Q3 was $34 mln, up from $16.9 mln last year

Outlook

Butterfly Network reaffirms FY 2025 revenue guidance of $91 mln to $95 mln

Company narrows FY 2025 adjusted EBITDA loss to $32 mln - $35 mln

Result Drivers

INTERNATIONAL SALES - Revenue growth driven by higher price point of iQ3 probe launched internationally

TECHNOLOGY ADVANCEMENTS - Development of P5.1 chip and Apollo AI chip seen as future growth drivers

CASH MANAGEMENT - Reduced quarterly cash burn to $3.9 mln, a record low, despite seasonal softness

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$21.50 mln
$21.22 mln (4 Analysts)
Q3 Net Income
-$34 mln
Q3 Adjusted EBITDA
-$8.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the advanced medical equipment & technology peer group is "buy"

Wall Street's median 12-month price target for Butterfly Network Inc is $3.50, about 41.7% above its October 30 closing price of $2.04

Press Release: ID:nBw9QbhvQa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)