BFLYW (Butterfly Network) EBIT: $-74.25 Mil (TTM As of Mar. 2026)

What is Butterfly Network EBIT?

Butterfly Network BFLYW 60 EBIT is $-74.25 Mil as of Mar. 2026. GuruFocus rates BFLYW with a GF Score™ of 60/100. The stock has 3 warning signs investors should review.

Butterfly Network's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-12.40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-74.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Butterfly Network's annualized ROC % for the quarter that ended in Mar. 2026 was -42.43%. Butterfly Network's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -85.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Butterfly Network (OTCPK:BFLYW) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Butterfly Network's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	-55.492 * ( 1 - 0% )	/	( (131.371	+	130.203)	/ 2 )
=	-55.492	/	130.787
=	-42.43 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	296.533	-	14.673	-	( 150.489	-	max(0, 65.117	-	249.103	+	150.489	))
=	131.371

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	285.922	-	17.765	-	( 137.954	-	max(0, 59.58	-	239.789	+	137.954	))
=	130.203

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Butterfly Network's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-49.592	/	( ( (5.859 + max(36.174, 0))	+	(28.346 + max(44.995, 0)) )	/	2 )
=	-49.592	/	( ( 42.033	+	73.341 )	/	2 )
=	-49.592	/	57.687
=	-85.97 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.744	+	61.389	+	10.481)	-	(14.673	+	26.909	+	20.858)
=	36.174

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(25.21	+	59.304	+	17.321)	-	(17.765	+	22.659	+	16.416)
=	44.995

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Butterfly Network's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	-74.249	/	0.000
	=	%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Butterfly Network EBIT Related Terms

Butterfly Network EBIT Historical Data

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The historical data trend for Butterfly Network's EBIT can be seen below:

Butterfly Network EBIT Chart

Butterfly Network Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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-31.64

-168.68

-133.62

-71.26

-75.46

Butterfly Network Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															-13.61	-13.45	-33.57	-14.84	-12.40

BFLYW vs ATEC, INSP, TNDM: EBIT Comparison

For the Medical Devices subindustry, Butterfly Network's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Butterfly Network EV-to-EBIT vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Butterfly Network's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Butterfly Network's EV-to-EBIT falls into.

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60GF Score

Butterfly Network Inc BFLYW

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Butterfly Network EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-74.25 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-74.25 Mil mean?

Butterfly Network (BFLYW) has a EBIT of $-74.25 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Butterfly Network.

Is Butterfly Network's EBIT too high?

Butterfly Network's current EBIT is $-74.25 Mil. Overall, Butterfly Network has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.

How does Butterfly Network's EBIT compare to ATEC and INSP?

Butterfly Network's EBIT of $-74.25 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Medical Devices & Instruments company?

A good EBIT depends on the Medical Devices & Instruments industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Butterfly Network. Butterfly Network's current EBIT is $-74.25 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Butterfly Network stock overvalued right now?

Butterfly Network (BFLYW) has a current EBIT of $-74.25 Mil. The current EBIT is $-74.25 Mil. Butterfly Network's overall GF Score™ is 60/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Butterfly Network (BFLYW), the current EBIT is $-74.25 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Butterfly Network Business Description

Industry Healthcare Medical Devices & Instruments

Comparable Companies ATEC INSP TNDM IRMD AVNS IART AORT ENOV CNMD AHCO ABT SYK MDT BSX EW XTER:SHL DXCM GEHC SZSE:300760 XAMS:PHIA

Other Exchanges BFLY:USA 7JA:Germany

Address 1600 District Avenue, Burlington, MA, USA, 01803

Website https://www.butterflynetwork.com

Butterfly Network Inc is a digital health business transforming care with handheld, whole-body ultrasound. Powered by its proprietary Ultrasound-on-Chip technology, its solution enables the acquisition of imaging information from an affordable, powerful device that fits in a healthcare professional's pocket with a combination of cloud-connected software and hardware technology that is easily accessed through a mobile application. Butterfly iQ+ is an ultrasound device that can perform whole-body imaging in a single handheld probe using semiconductor technology. The company operates in one reportable segment, which includes all activities related to the development, manufacture, and sale of the Company's products, software, and other services.

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