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TickerTalks›$BFLY
BFBFLY

Butterfly Network, Inc.

$BFLY·$2.1B·Medical - Devices·Healthcare
$7.88-1.0%YTD+103.1%1Y+316.9%
Price updated 12m ago·X counts updated 5d ago
BFBFLY
$BFLYButterfly Network, Inc.
$7.88-1.01%88 posts1.2×
AI analysisFundamentalsVoices on X
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On X

The complete picture of $BFLY on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

88X posts · last 7 days
Sep 1Sep 14
Chatter Meter
1.2×
QuietNormal · 1×Loud

How loud $BFLY's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level, louder than 70% of tracked names.

Bullish sentimentAI analysisGenerated by AI from underlying data5 posts analyzed · as of 2026-08-31

Sentiment is quietly bullish and technically-driven — several traders flag a two-month cup-and-handle setup on Butterfly Network, note fresh positions started in the low $8s, and frame the name as part of a broader AI-in-medical-devices thesis alongside ABSI, IMNM, and ABCL. The chatter is thin but coherent, and no bearish counter-argument surfaces in the sample.

Read what X is saying about $BFLY

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $BFLY — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Driven by hypeWinding up for a moveAI verdict · as of 2026-09-19

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

Butterfly Network up 317% t12m on AI-medical-imaging narrative — Rothberg and Glenview activity in the mix.

Butterfly Network is the handheld ultrasound-imaging company — the iQ pocket ultrasound platform that puts diagnostic imaging in individual physician hands. The equity has 4x'd over 12 months on the AI-in-medical-devices thesis and is now at 75% of the 52-week range.

  • The operating economics are pre-scale: revenue $26.5M last quarter (+25% YoY) with an operating margin of -51% — this is a business growing but far from profitability, and the -30% ROIC reflects the ongoing investment cycle in AI features and international expansion.
  • The valuation is stretched by any measure: 22.6x TTM sales on a $2.1B market cap for a business generating $100M annual run-rate — this is pure story-multiple territory, and the multiple compresses fast if the AI-features narrative doesn't produce customer wins.
  • The 13D activity on Aug 17 is worth noting: founder Jonathan Rothberg's Amendment No. 12 plus Larry Robbins' Glenview Capital Management Amendment No. 8 — two significant institutional and founder-level position updates in the same window suggest either accumulation or restructuring, and the September insider trims from officers Carlson ($101K) and Cashman ($1.02M) plus Caezza ($14K) reflect a real cluster of dollar-value selling.

Oct 30 Q3 earnings is the referee. A confirming beat plus specific commentary on AI-imaging module traction extends the coil upward; a soft international-revenue comment or another significant insider-sale cluster and the run reverses. Watch $7 as coil support and $9 as the level that confirms the cup-and-handle setup the crowd is watching.

Agrees with X sentimentThe cup-and-handle technical framing is fair and the AI-in-medical-devices cohort (ABSI, IMNM, ABCL) trade is a real basket. Where the crowd is missing detail is the recent officer cluster of trims — Cashman's $1M sale is a specific timing signal worth weighting against the bullish narrative.

What to watch: Oct 30 Q3 earnings — revenue growth, gross margin, AI-imaging module traction, and any additional 13D activity from Rothberg or Glenview. Watch $7 as coil support.

On the calendar: 2026-10-30 — Q3 earnings

Read the AI verdict on $BFLY

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Makes a chip-scale portable ultrasound probe (iQ+) pairing with smartphones for point-of-care whole-body imaging.

Industry overviewAI analysisGenerated by AI from underlying data

Where Medical - Devices sits in its cycle right now — and what that implies for $BFLY.

Medical - Devices · Healthcare

Procedure-volume recovery is driving device demand; AI-guided cardiac ablation and robotic orthopedics are capturing premium surgical mix while continuous glucose monitors extend device revenue into ambulatory care. Supply-chain normalization has improved gross margins across the cohort.

What this means for $BFLY

Partial — Butterfly Network AI-ultrasound; point-of-care ultrasound with AI imaging, scaling in clinical and emerging markets.

Industry benchmark

17-name peer basket
+7.2%YTD
+6.7%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-30.1How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-35.5%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-79.1%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-0.8%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
22.6Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-36.8%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
49.2%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.1Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 30, 2026$-0.01$-0.04+71.4%
Q1 2026Apr 30, 2026$-0.03$-0.04+25.0%
Q4 2025Feb 26, 2026$-0.02$-0.04+50.0%
Q3 2025Oct 31, 2025$-0.13$-0.07-85.7%
Next earningsFri, Oct 30·consensus EPS $-0.03

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$26.5M+25.0%68.9%-50.8%$-0.05$-14.8M
Q4 FY25$31.5M+41.0%67.3%-61.8%$-0.06$7.9M
Q3 FY25$21.5M+4.5%-17.5%-151%$-0.13$-3.9M
Q2 FY25$23.4M+8.8%63.7%-68.9%$-0.06$-8.1M

Forward consensus

5-year forecast · up to 3 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$121.4M$117.9M – $126.1M-$0.12-$0.12 – -$0.113
FY27$147.4M$143.2M – $153.1M-$0.07-$0.08 – -$0.073
FY28$193.6M$175.4M – $208.2M$0.01$0.00 – $0.033
FY29$433.1M$420.6M – $449.8M$0.66$0.64 – $0.691
FY30$220.0M$213.6M – $228.5M$0.00$0.00 – $0.002

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.2×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.75%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-0.3%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+49.0%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 203.1M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today2.9% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β2.095-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellSep 4Megan CarlsonCAO and SVP, Finance13.8K sh$101KSellSep 4Steve CashmanChief Business Officer140.1K sh$1.0MSellSep 2Nicholas CaezzaDeputy General Counsel1.7K sh$14KSellAug 17Larry RobbinsDirector582.5K sh$5.2MSellAug 14Larry RobbinsDirector824.7K sh$7.2MBuyAug 14Phanstiel S. LouiseDirector115.2K sh$1000KSellAug 13Larry RobbinsDirector890.5K sh$8.2MSellAug 11Nicholas CaezzaDeputy General Counsel10.0K sh$98KSellAug 10Joseph DevivoCEO68.3K sh$684KSellAug 3Larry RobbinsDirector156.2K sh$1.3M
1–10 of 32
+ 8 other (7 awards · 1 gift) in window

See when $BFLY insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

SC 13D/AActivist amendmentAug 17SC 13D/A
AI summary

Glenview Capital Management (Larry Robbins) filed SC 13D Amendment No. 8 for Butterfly Network, Inc., triggered August 13, 2026. Glenview Capital holds 11,743,530 Class A shares (4.8% of 244,858,246 shares outstanding); including shares held by Longview Investors LLC (2,964,187) and personal direct holdings, Robbins' aggregate is 15,120,314 shares (6.17%). Ongoing engaged investor position update for Glenview, one of Butterfly Network's significant holders, with no stated change in intent.

SC 13D/AActivist amendmentAug 17SC 13D/A
AI summary

Jonathan M. Rothberg, Ph.D. (Butterfly Network founder) filed SC 13D Amendment No. 12, triggered August 14, 2026. For Class A shares, Rothberg holds 828,775 shares (0.3% of 244,858,246 outstanding), including 80,434 direct plus 726,696 held by his spouse and 21,645 options exercisable within 60 days. For Class B shares, Rothberg holds sole control of all 21,426,937 outstanding shares (100%) via 4C Holdings entities. The dual-class structure means Rothberg retains significant voting control through his Class B position despite a modest economic interest in Class A. Routine update with no stated change in intent.

8-KOfficer or director changeAug 118-K — Item 5.02: Officer or director change
AI summary

Butterfly Network (BFLY) disclosed that Dr. Erica Schwartz has been confirmed as Director of the Centers for Disease Control and Prevention, triggering her previously announced board resignation. The Board has a resulting vacancy following her confirmation to this government role.

SC 13D/AActivist amendmentJul 21SC 13D/A
AI summary

Jonathan M. Rothberg filed Amendment No. 11 to his Schedule 13D on Butterfly Network, Inc. on July 21, 2026, disclosing he beneficially owns approximately 828,775 shares of Class A common stock (~0.4% of Class A, out of 234.8 million shares outstanding) and 22,086,850 shares of Class B common stock (100% of Class B), held through 4C Holdings entities and family trusts. No new acquisition or disposition is highlighted as the triggering event in the excerpt. As the sole holder of all Class B shares — which likely carry supervoting rights — Rothberg retains effective voting control of the company; this amendment appears to be a routine update to position details rather than a new activist or strategic move.

SC 13D/AActivist amendmentJul 17SC 13D/A
AI summary

Jonathan Rothberg, founder of Butterfly Network, filed Amendment 10 to his Schedule 13D disclosing current beneficial ownership of 828,775 shares, approximately 0.4% of outstanding stock. This represents a substantial reduction from his prior reported position, reflecting sales or dilution from company share issuances over time.

8-KShareholder voteJun 228-K — Item 5.07: Shareholder vote
AI summary

Butterfly Network, Inc. held its 2026 Annual Meeting on June 18, 2026, with 163.2M Class A and 26.4M Class B shares voting as a single class (Class B carries 20 votes per share). All seven director nominees were re-elected for one-year terms: Joseph DeVivo (621.7M votes), Jonathan Rothberg Ph.D. (622.4M), Larry Robbins (622.1M), Caroll Neubauer (622.5M), Elazer Edelman M.D. (622.2M), S. Louise Phanstiel (622.0M), and Erica Schwartz M.D. (621.8M). Two additional proposals were voted on (details truncated). Routine annual governance meeting for a medical ultrasound imaging technology company.

3New insider — initial holdingsMay 213
AI summary

Caroll H. Neubauer filed an initial Form 3 as a new director at Butterfly Network (BFLY) on May 21, 2026, reflecting his appointment to the board effective May 18, 2026. This is a routine new-director ownership disclosure with no open-market transactions reported.

8-KOfficer or director changeMay 88-K — Item 5.02: Officer or director change
AI summary

Butterfly Network (BFLY) disclosed that Dr. Erica Schwartz resigned from its board contingent on her Senate confirmation as CDC Director (nominated by President Trump on April 16, 2026). To fill the vacancy, Caroll H. Neubauer was appointed to the board effective May 7, 2026. The resignation and replacement are tied to a high-profile government appointment.

+ 11 other (4 13Gs · 2 10-Qs · 2 earnings 8-Ks · 2 proxys) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Executive Waves Goodbye to Nearly 14,000 Shares, Valued at More Than $100,000fool.com·4d agoButterfly Network, Inc. (BFLY) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcriptseekingalpha.com·4d agoZacks Industry Outlook Medical Systems, American Well and Butterfly Networkzacks.com·5d ago3 Medical Info Systems Stocks to Gain From GenAI Boom Amid Cyber Riskzacks.com·8d agoButterfly Network to Participate in Morgan Stanley 24th Annual Global Healthcare Conference on September 15, 2026businesswire.com·11d ago

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Voices on X · last 7 days

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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