Butterfly Network annual r&d spending
2019
2020
2021
2022
2023
2024
2025
Butterfly Network R&D Spending Growth & History (BFLY)
Butterfly Network's r&d spending was $36.3M for fiscal 2025.
View full Butterfly Network company overviewButterfly Network annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $36.3M | −$1.5M | −4.07% |
| 2024 | 2024-12-31 | $37.8M | −$17.8M | −32.03% |
| 2023 | 2023-12-31 | $55.6M | −$32.4M | −36.83% |
| 2022 | 2022-12-31 | $88.0M | $13.6M | +18.24% |
| 2021 | 2021-12-31 | $74.5M | $24.7M | +49.71% |
| 2020 | 2020-12-31 | $49.7M | $804,000 | +1.64% |
| 2019 | 2019-12-31 | $48.9M | — | — |
Butterfly Network quarterly r&d spending
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $10.5M | $2.2M | +26.78% |
| Q1 2026 | 2026-03-31 | $9.5M | −$386,000 | −3.89% |
| Q4 2025 | 2025-12-31 | $9.3M | $495,000 | +5.61% |
| Q3 2025 | 2025-09-30 | $8.7M | −$141,000 | −1.59% |
| Q2 2025 | 2025-06-30 | $8.3M | −$1.1M | −11.65% |
| Q1 2025 | 2025-03-31 | $9.9M | −$796,000 | −7.43% |
| Q4 2024 | 2024-12-31 | $8.8M | −$2.4M | −21.27% |
| Q3 2024 | 2024-09-30 | $8.8M | −$3.3M | −27.09% |
| Q2 2024 | 2024-06-30 | $9.4M | −$6.2M | −39.77% |
| Q1 2024 | 2024-03-31 | $10.7M | −$5.9M | −35.62% |
| Q4 2023 | 2023-12-31 | $11.2M | −$8.0M | −41.50% |
| Q3 2023 | 2023-09-30 | $12.1M | −$9.9M | −44.96% |
| Q2 2023 | 2023-06-30 | $15.6M | −$7.6M | −32.70% |
| Q1 2023 | 2023-03-31 | $16.7M | −$7.0M | −29.51% |
| Q4 2022 | 2022-12-31 | $19.2M | −$842,000 | −4.21% |
| Q3 2022 | 2022-09-30 | $22.0M | $386,000 | +1.78% |
| Q2 2022 | 2022-06-30 | $23.2M | $6.1M | +35.88% |
| Q1 2022 | 2022-03-31 | $23.6M | $7.9M | +50.31% |
| Q4 2021 | 2021-12-31 | $20.0M | $6.7M | +50.27% |
| Q3 2021 | 2021-09-30 | $21.7M | $9.7M | +80.89% |
| Q2 2021 | 2021-06-30 | $17.1M | $5.1M | +43.12% |
| Q1 2021 | 2021-03-31 | $15.7M | $3.2M | +25.57% |
| Q4 2020 | 2020-12-31 | $13.3M | — | — |
| Q3 2020 | 2020-09-30 | $12.0M | — | — |
| Q2 2020 | 2020-06-30 | $11.9M | — | — |
| Q1 2020 | 2020-03-31 | $12.5M | — | — |
Butterfly Network r&d spending trends
Over the last five fiscal years, Butterfly Network's r&d spending decreased from $49.7M to $36.3M, a change of −$13.5M. The latest reported quarter, Q2 2026, shows $10.5M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Butterfly Network source filings ↗