Listed Companies' Analysis | Ranking | Industry Ratios | Ratios (BFLY) | Financials (BFLY)

Butterfly Network Inc. (BFLY) Financial Analysis and Rating

Comparison Analysis Based on SEC Data

Year:

20232024

Financial Position and Performance

Annual | Quarterly

Compare with a competitor

Financial Ratios Benchmarking

Year:

20232024

Additional Ratios (not used in score calculation)

Auditor's Conclusion

We have performed a comparative analysis of the balance sheet and income statement of Butterfly Network Inc. (hereafter – the "Company") for Q1 2023 as submitted to the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "X-Ray Apparatus and Tubes and Related Irradiation Apparatus" (SIC code 3844). In the analysis, we have compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the specific industry sector and for all companies. The averages are calculated using data from Q1 2023 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have drawn a general conclusion about the quality of the company's financial condition. Calculations and summary conclusions are performed in a computerized manner using software and methodologies developed by ReadyRatios.

As a result of the analysis of the key financial ratios of the Company, we have established the following. The financial condition of Butterfly Network Inc. in 2023 is about the same as the financial condition typical of the companies engaged in the activity "X-Ray Apparatus and Tubes and Related Irradiation Apparatus".

The same conclusion can be reached when comparing the Company's ratios to the averages for all U.S. industries. The financial position of Butterfly Network Inc. is about the same as the average financial condition of the listed companies that submit financial statements to the U.S. Securities and Exchange Commission.

Financial Position and Performance History

More on Butterfly Network Inc.

Closest Competitors

See all industry leaders

Financial Data Source and Analysis Principles

The above is a comparative analysis of the company's financial position and performance. The comparison is based on official financial statements filed with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) (about 10,000 largest publicly traded companies). The comparison is made using the eleven key financial ratios (see the table above). The company's financial ratios are compared with the median of the ratios for all companies and for companies in the same industry, as well as to the quartiles of these ratios. Each ratio value is assigned a score between -2 and +2 depending on its position relative to the quartiles (-2 – below the first quartile; -1 – between the first and the second quartile; +1 – between the second and the third quartile; +2 – above the third quartile; 0 – the ratio value deviates from the median by no more than 5% of the difference between the median and the quartile closest to the ratio value). To draw a conclusion from the analysis, the individual scores are weighted equally to produce an overall score ranging from -2 and +2.

	much better (+1 - +2incl)
	better (from 0.11 to +1incl)
	about the same (from -0.11incl to +0.11incl)
	worse (from -1incl to -0.11)
	much worse (from -2incl to -1)

"Change during the year" calculation

Please note that this analysis does not indicate that the company's financial position is good or bad, but rather describes it in comparison to other U.S. businesses. For a detailed financial analysis, please use "ReadyRatios Financial Analysis" - load the data into the program>>