Q2 2026 Butterfly Network Inc Earnings Call Transcript

Jul 30, 2026 / 12:00 PM GMT

Transcript 10-Q8-K

Key Points

Positve

Record revenue of $32.6 million, up 39% year-over-year, exceeding guidance.
Highest gross margin in company history at 71%, driven by higher-margin embedded revenue.
Adjusted EBITDA loss improved 78% year-over-year to $1.4 million, beating guidance.
Embedded revenue surged 439% to $10.8 million, with 11 partners signed and growing interest.
Strong progress in POCUS core with 23% unit sales growth, Compass AI pipeline up 5x, and new medical school partnerships.

Negative

International revenue declined 14% year-over-year to $5 million due to tough comps and delayed deals.
Core POCUS revenue grew only 2% year-over-year, impacted by lower ASPs from VCOM subsidy.
Cash used in operations increased to $13.3 million from $7 million in the prior year quarter.
Home and community care revenue is minimal in 2026, with commercial launch only in Q4.
Macroeconomic risks from tariffs, AI-driven supply chain shortages, and Middle East conflict remain.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BFLY.N - Butterfly Network Inc
Q2 2026 Butterfly Network Inc Earnings Call
Jul 30, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning or good afternoon all, and welcome to the Butterfly Network second quarter 2026 earnings call. My name is Adam and I'll be your operator for today. If you'd like to ask a question at the Q&A portion of today's call, you may do so by pressing star followed by one on your telephone keypad.

I will now hand the floor to John Doherty to begin. So John, please go ahead when you are ready.

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Unidentified_2 [2]
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Good morning, and thanks to all of you for joining our call today. Earlier, Butterfly released financial results for the

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