Butterfly Network, Inc. — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Butterfly delivered Q3 2026 revenue of $32.6M (52% YoY growth), beating guidance with 73% gross margin—highest in company history. Adjusted EBITDA loss improved 85% to -$1.2M vs. -$8.1M YoY. Management raised FY2026 revenue guidance to $123–$126M (26–29% growth) and adjusted EBITDA loss guidance to -$12M to -$15M. Key drivers: Embedded partnership revenue (Mendaera launched Oct 1; 3 new BCI partners added), five 7-figure enterprise deals, FedRAMP authorization, and Home & Community Care launch beginning November with initial Q4 revenue expected.
Why this rating
Strong beat, guidance raise, and margin expansion demonstrate operational momentum. Embedded/Compass AI scaling meaningful to $384M market cap. Yet still unprofitable; cash burn continues (-$28.2M in 9M2026); path to profitability not yet clear. Significant but not transformational.
See more from October 29, 2026.
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