Butterfly Network — Third Quarter 2026 Earnings Summary

Butterfly Network reported third-quarter 2026 revenue of $32.6 million, a 52% increase from the prior year, driven largely by growth in its Embedded licensing partnerships and probe sales. The company achieved a record gross margin of 73% and reduced its adjusted EBITDA loss to $1.2 million, an 85% improvement year-over-year. Management raised its full-year 2026 revenue guidance to a range of $123 million to $126 million and adjusted EBITDA loss guidance to $12 million to $15 million. Key operational milestones included the commercial launch of a partner product on the Butterfly platform, the achievement of FedRAMP authorization, and the initiation of implementation for the Home & Community Care program.