Butterfly Network Inc (BFLY) - Net Assets
Based on the latest financial reports, Butterfly Network Inc (BFLY) has net assets worth $191.22 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($285.92 Million) and total liabilities ($94.70 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore BFLY total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $191.22 Million |
| % of Total Assets | 66.88% |
| Annual Growth Rate | -2.97% |
| 5-Year Change | -56.22% |
| 10-Year Change | N/A |
| Growth Volatility | 34.47 |
Butterfly Network Inc - Net Assets Trend (2018–2025)
This chart illustrates how Butterfly Network Inc's net assets have evolved over time, based on quarterly financial data. Check Butterfly Network Inc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Butterfly Network Inc (2018–2025)
The table below shows the annual net assets of Butterfly Network Inc from 2018 to 2025. For live valuation and market cap data, see Butterfly Network Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $195.98 Million | +16.08% |
| 2024-12-31 | $168.83 Million | -23.28% |
| 2023-12-31 | $220.05 Million | -32.37% |
| 2022-12-31 | $325.36 Million | -27.32% |
| 2021-12-31 | $447.69 Million | +45139.34% |
| 2020-12-31 | $-994.00K | -100.66% |
| 2019-12-31 | $149.81 Million | -38.12% |
| 2018-12-31 | $242.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Butterfly Network Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 74683000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $26.00K | 0.01% |
| Other Components | $1.08 Billion | 548.60% |
| Total Equity | $195.98 Million | 100.00% |
Butterfly Network Inc Competitors by Market Cap
The table below lists competitors of Butterfly Network Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vestjysk Bank A/S
CO:VJBA
|
$1.41 Billion |
|
American Assets Trust Inc
NYSE:AAT
|
$1.41 Billion |
|
Alrov Properties & Lodgings Ltd
TA:ALRPR
|
$1.41 Billion |
|
Hengdian Entertainment Co Ltd Class A
SHG:603103
|
$1.41 Billion |
|
Nexwise Intelligence China Limited
SHE:301248
|
$1.41 Billion |
|
GKG Precision Machine Co. Ltd. A
SHE:301338
|
$1.41 Billion |
|
Xinjiang Tecon Animal Husbandry Bio-Technology Co Ltd
SHE:002100
|
$1.41 Billion |
|
Shenzhen Qingyi Photomask Ltd
SHG:688138
|
$1.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Butterfly Network Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 168,832,000 to 195,979,000, a change of 27,147,000 (16.1%).
- Net loss of 77,064,000 reduced equity.
- New share issuances of 81,006,000 increased equity.
- Other factors increased equity by 23,205,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-77.06 Million | -39.32% |
| Share Issuances | $81.01 Million | +41.33% |
| Other Changes | $23.20 Million | +11.84% |
| Total Change | $- | 16.08% |
Book Value vs Market Value Analysis
This analysis compares Butterfly Network Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.62x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.18x to 10.62x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $45.93 | $8.42 | x |
| 2019-12-31 | $24.55 | $8.42 | x |
| 2020-12-31 | $-0.16 | $8.42 | x |
| 2021-12-31 | $2.58 | $8.42 | x |
| 2022-12-31 | $1.63 | $8.42 | x |
| 2023-12-31 | $1.07 | $8.42 | x |
| 2024-12-31 | $0.80 | $8.42 | x |
| 2025-12-31 | $0.79 | $8.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Butterfly Network Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -39.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -78.95%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.51x
- Recent ROE (-39.32%) is below the historical average (-36.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -20.98% | -3326.67% | 0.01x | 1.03x | $-74.96 Million |
| 2019 | -67.00% | -361.10% | 0.17x | 1.11x | $-114.47 Million |
| 2020 | 0.00% | -351.87% | 0.31x | 0.00x | $-162.65 Million |
| 2021 | -7.24% | -51.80% | 0.11x | 1.28x | $-77.18 Million |
| 2022 | -51.86% | -229.90% | 0.18x | 1.28x | $-201.26 Million |
| 2023 | -60.76% | -202.88% | 0.22x | 1.38x | $-155.71 Million |
| 2024 | -42.94% | -88.34% | 0.32x | 1.52x | $-89.38 Million |
| 2025 | -39.32% | -78.95% | 0.33x | 1.51x | $-96.66 Million |
Industry Comparison
This section compares Butterfly Network Inc's net assets metrics with peer companies in the Medical Devices industry.
Industry Context
- Industry: Medical Devices
- Average net assets among peers: $446,867,864
- Average return on equity (ROE) among peers: -127.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Butterfly Network Inc (BFLY) | $191.22 Million | -20.98% | 0.50x | $1.41 Billion |
| Abbott Laboratories (ABT) | $4.05 Billion | 37.45% | 1.10x | $183.82 Billion |
| Adagio Medical Holdings, Inc Common Stock (ADGM) | $12.40 Million | -202.26% | 2.49x | $16.41 Million |
| Aethlon Medical Inc (AEMD) | $-1.23K | 0.00% | 0.00x | $2.79 Million |
| Acutus Medical Inc (AFIB) | $75.02 Million | -52.81% | 0.78x | $903.35K |
| Adapthealth Corp (AHCO) | $280.85 Million | -57.55% | 5.46x | $879.58 Million |
| 20/20 Biolabs, Inc. Common Stock (AIDX) | $784.36K | -284.06% | 0.72x | $4.57 Million |
| Allurion Technologies, Inc. (ALUR) | $-77.98 Million | 0.00% | 0.00x | $13.77 Million |
| Autonomix Medical, Inc. Common Stock (AMIX) | $1.96 Million | -680.21% | 0.05x | $3.51 Million |
| Artivion Inc (AORT) | $99.33 Million | 33.13% | 0.27x | $1.16 Billion |
| Apyx Medical Inc (APYX) | $26.92 Million | -69.51% | 1.94x | $173.36 Million |
About Butterfly Network Inc
Butterfly Network, Inc. develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. The company offers Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging on a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; Butterfly M… Read more