Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Segment Reporting Information, by Segment

The following table summarizes the Company's segment revenue and significant segment expenses included in consolidated net loss (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Revenue	$	21,489	$	20,561	$	66,096	$	59,705
Less:
Cost of revenue (excluding write-downs of inventories and vendor advances)	7,760		8,231		24,031		24,594
Write-downs of inventories and vendor advances	17,486		97		17,552		15
Payroll operating expenses	13,041		13,521		40,508		41,960
Stock-based compensation operating expenses	4,825		4,412		16,974		15,794
Non-payroll operating expenses	10,752		9,871		31,283		30,802
Other	2,759		1,675		5,451		3,639
Other segment items	(1,163)		(322)		(7,931)		(2,708)
Net loss	$	(33,971)	$	(16,924)	$	(61,772)	$	(54,391)

Schedule of Operating Expenses - Other

The following table summarizes the types of expenses classified as other in the Company’s condensed consolidated statements of operations and comprehensive loss (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Employment-related expenses	$	447	$	1,254	$	966	$	1,224
Legal-related expenses	2,312		421		4,485		2,415
Total other	$	2,759	$	1,675	$	5,451	$	3,639

Schedule of Change in Accounting Estimate

The Company revised its estimates of the net realizable value of inventory and demand and future use of inventory during the three and nine months ended September 30, 2025, resulting in the following effects on captions in the condensed consolidated statements of comprehensive income (in thousands, except per-share amounts):


	Three months ended September 30, 2025		Nine months ended September 30, 2025
Loss from operations	$	(17,486)	$	(17,552)
Net loss and comprehensive loss	$	(17,486)	$	(17,552)
Net loss per common share attributable to Class A and B common stockholders, basic and diluted	$	(0.07)	$	(0.07)

Butterfly Network, Inc. 10-Q