Butterfly Network Reports Record Q2 Revenue and Raised Full-Year Outlook
Butterfly Network (NYSE:BFLY) reported record second-quarter revenue of $32.6 million, a 39% increase year over year. The growth was primarily driven by its Embedded business segment, which saw a massive surge in revenue—up 439% to $10.8 million due to partnerships like Midjourney and the development of new applications. The company also noted an expanded gross margin to 71%, with adjusted EBITDA loss narrowing significantly from $6.2 million to $1.4 million compared to last year's quarter. Butterfly raised its full-year revenue guidance for 2026, projecting between $119 million and $123 million despite expecting an adjusted EBITDA loss of $19 million-$23 million. Looking ahead, the company plans to launch a home and community care program in October that is expected to generate multiple millions by 2027. Butterfly also highlighted progress on its Apollo chip platform development and added two new Embedded partners during Q2.
Tickers: $BFLY
Topics: ebitda embedded_business financial_results revenue_growth