Butterfly Network disclosed that revenue for the fourth quarter of 2025 increased 17% year‑over‑year, up from $22.4 million reported in Q4 2024. The growth reflects stronger demand for the company’s handheld ultrasound platform, driven in part by the continued adoption of the higher‑margin iQ3 probe and expanding enterprise sales in the United States and Canada.
The 17% rise follows a 35% jump in Q4 2024 and a modest 5% increase in Q3 2025, indicating a deceleration from the previous quarter’s surge but an acceleration from the prior quarter. Management attributes the Q4 performance to a mix of higher average selling prices, increased software‑as‑a‑service revenue, and a broader customer base for the iQ3 platform, which has a premium price point and higher recurring revenue potential.
Butterfly reaffirmed its full‑year 2025 revenue guidance at $91 million to $95 million, a range that remains unchanged from the guidance issued earlier in the year. The company also confirmed that audited Q4 and full‑year results will be released in late February, with 2026 guidance to follow. The steady guidance signals confidence in continued demand for the platform‑based model and the company’s strategic shift toward semiconductor licensing and AI‑powered solutions.
CEO Joseph DeVivo said the company is “entering 2026 with strong momentum and continued growth in our handheld ultrasound business,” adding that the platform‑based approach and chip‑licensing opportunities position Butterfly for a meaningful inflection point in 2026. CFO John Doherty noted that the company remains well‑positioned to deliver continued revenue growth while maintaining disciplined financial management as it scales its core commercial business.
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