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Revenue by Segment
Separates revenue from hardware sales, software subscriptions, consumables, and services to show which parts of the business are one‑time versus recurring. Highlights margin differences and scalability, indicating whether growth is driven by repeatable subscription/consumable revenue or by one‑off device placements — key for forecasting sustainable profitability.Butterfly is shifting from a device‑centric model toward a higher‑margin mix: Hardware growth reflects a move upmarket (iQ3-driven ASP gains) while Software & Services jumps materially in late‑2025/early‑2026 as Embedded and enterprise contracts ramp—this mix explains improving gross margins and supports management’s upbeat guidance. However, the software surge is concentrated in a few large partnerships and timing remains lumpy, so revenue durability depends on converting pilot/partner wins (and Home rollouts) into repeatable, scaled bookings even as EBITDA loss narrows.
Date | Hardware | Software & Services |
|---|---|---|
Jun 30, 2026 | $15.72M | $16.89M |
Mar 31, 2026 | $14.65M | $11.88M |
Dec 31, 2025 | $18.10M | $13.41M |
Sep 30, 2025 | $14.56M | $6.93M |
Jun 30, 2025 | $16.62M | $6.76M |
Mar 31, 2025 | $14.16M | $7.06M |
Dec 31, 2024 | $14.72M | $7.63M |
Sep 30, 2024 | $13.54M | $7.02M |
Jun 30, 2024 | $14.65M | $6.84M |
Mar 31, 2024 | $11.29M | $6.37M |