Butterfly Network, Inc. (BFLY) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BFLY currently has 257M outstanding shares. with significant dilution risk as 200M authorized shares could dilute existing holders by 77.8%. The company has significantly diluted shareholders by 725.79% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Apr 30, 2026 |
10-Q filing | 256.5M shares outstanding |
260M | 200M |
| Oct 31, 2025 |
10-Q filing | 226.2M shares outstanding |
230M | 200M |
| Aug 01, 2025 |
10-Q filing | 225.3M shares outstanding |
230M | 200M |
| May 02, 2025 |
10-Q filing | 234.9M shares outstanding |
230M | 200M |
| Feb 28, 2025 |
10-K filing | 211.7M shares outstanding |
210M | 200M |
| Jan 30, 2025 |
8-K filing: Butterfly Network, Inc. entered into an underwriting agreement for a public offering of 27,600,000 shares of Class A common stock at $3.15 per share, with gross proceeds of approximately $75.6 million before deductions. The closing is expected to occur on January 31, 2025, subject to customary conditions. ($75.6M proceeds) |
26M | 200M |
| Nov 01, 2024 |
10-Q filing | 26.4M shares outstanding |
26M | 200M |
| Aug 01, 2024 |
10-Q filing | 26.4M shares outstanding |
26M | 200M |
| May 01, 2024 |
10-Q filing | 26.4M shares outstanding |
26M | 200M |
| Mar 04, 2024 |
10-K filing | 26.4M shares outstanding |
26M | 200M |
| Nov 06, 2023 |
10-Q filing | 180.6M shares outstanding |
180M | 200M |
| Aug 18, 2023 |
S-3/A filing: The company intends to issue up to $300 million in aggregate principal amount of Class A common stock, preferred stock, and debt securities. |
180M | 200M |
| Aug 08, 2023 |
POS AM filing: This is a POS AM filing for Butterfly Network, Inc. related to the issuance of Class A common stock upon exercise of warrants, and resale of Class A common stock, Class B common stock and warrants by Selling Securityholders. |
210M | 200M |
| Aug 08, 2023 |
S-3 filing: The company is filing an S-3 to offer up to $300 million in aggregate principal amount of Class A common stock, preferred stock, debt securities, warrants and/or units. |
180M | 200M |
| Aug 04, 2023 |
10-Q filing | 179.7M shares outstanding |
180M | 50M |
| May 11, 2023 |
10-Q filing | 177.4M shares outstanding |
180M | 50M |
| May 02, 2023 |
POS AM filing: This is a POS AM filing for Butterfly Network, Inc. regarding the issuance of Class A common stock upon exercise of warrants, and resale of Class A common stock, Class B common stock, and warrants by selling securityholders. |
200M | 50M |
| Mar 23, 2023 |
10-K filing | 26.4M shares outstanding |
26M | 50M |
| Nov 03, 2022 |
10-Q filing | 174.1M shares outstanding |
170M | 50M |
| Aug 03, 2022 |
10-Q filing | 172.8M shares outstanding |
170M | 50M |
| May 06, 2022 |
10-Q filing | 172.5M shares outstanding |
170M | 50M |
| Apr 19, 2022 |
POS AM filing: This is a POS AM filing for Butterfly Network, Inc. registering the issuance of Class A common stock upon exercise of warrants, and the resale of Class A and Class B common stock and warrants by selling securityholders. |
200M | 50M |
| Mar 01, 2022 |
POS AM filing: This is a POS AM filing for the issuance and resale of Class A and Class B common stock and warrants. |
200M | 50M |
| Feb 28, 2022 |
10-K filing | 173.8M shares outstanding |
170M | 220M |
| Nov 15, 2021 |
10-Q filing | 170.6M shares outstanding |
170M | 220M |
| Aug 09, 2021 |
10-Q filing | 165.8M shares outstanding |
170M | 220M |
| May 17, 2021 |
10-Q filing | 164.9M shares outstanding |
160M | 220M |
| May 12, 2021 |
S-1/A filing: This S-1/A filing registers the issuance of Class A common stock upon exercise of warrants, resale of Class A and Class B common stock, and warrants offered by selling securityholders. |
190M | 220M |
| Mar 29, 2021 |
10-K filing | 164.9M shares outstanding |
160M | 230M |
| Mar 29, 2021 |
S-1 filing: This S-1 filing includes the issuance of Class A common stock upon exercise of warrants, resale of Class A and Class B common stock, and resale of warrants by selling securityholders. |
190M | 230M |
| Feb 16, 2021 |
8-K filing: Butterfly Network, Inc. files an 8-K detailing the completion of a PIPE financing where 17,500,000 shares of Class A Common Stock were sold at $10.00 per share, generating gross proceeds of $175,000,000. Also detailed are amendments to the registration rights agreement, lock-up agreements, and indemnification agreements. ($175.0M proceeds) |
1.9M | 50M |
| Nov 23, 2020 |
8-K filing: Longview Acquisition Corp. entered into a business combination agreement with Butterfly Network, Inc., involving a merger and related transactions, including PIPE financing and forward purchase agreements, to ultimately rename Longview as Butterfly Network, Inc. ($175.0M proceeds) |
1.9M | 50M |
| Nov 20, 2020 |
8-K filing: Longview Acquisition Corp. announced a proposed business combination with Butterfly Network, Inc. and entered into subscription agreements with PIPE Investors to purchase 17,500,000 shares of Class A common stock at $10.00 per share, for gross proceeds of $175,000,000. ($175.0M proceeds) |
1.9M | 50M |
| Nov 16, 2020 |
10-Q filing | 1.9M shares outstanding |
1.9M | 50M |
| Aug 14, 2020 |
10-Q filing | 10.4M shares outstanding |
10M | 50M |
| Jul 02, 2020 |
8-K filing: Longview Acquisition Corp. completed its initial public offering of 36,000,000 units at $10.00 per unit, generating gross proceeds of $360,000,000, and the underwriters exercised their over-allotment option, purchasing an additional 5,400,000 units in two tranches, with Longview Investors LLC purchasing additional private placement warrants. ($424.28M proceeds) |
8.6M | 50M |
| Jun 11, 2020 |
8-K filing: Longview Acquisition Corp. consummated its initial public offering of 36,000,000 units at $10.00 per unit, generating gross proceeds of $360,000,000, and the underwriters partially exercised their over-allotment option and purchased an additional 4,000,000 units, generating gross proceeds of $40,000,000. Simultaneously with the closing of the IPO, the Company completed the private sale of 6,133,333 warrants to Longview Investors LLC at $1.50 per warrant, generating gross proceeds of $9,200,000, and in connection with the over-allotment option, the Sponsor purchased an additional 533,333 Private Placement Warrants, generating gross proceeds of $800,000. ($410.0M proceeds) |
8.6M | 50M |
| Jun 01, 2020 |
8-K filing: Longview Acquisition Corp. consummated its initial public offering of 36,000,000 units at $10.00 per unit and a private placement with Longview Investors LLC of 6,133,333 private placement warrants at $1.50 per warrant. ($369.2M proceeds) |
8.6M | 50M |
| May 27, 2020 |
8-K filing: Longview Acquisition Corp. consummated its IPO of 36,000,000 units at $10.00 per unit, generating gross proceeds of $360,000,000, and simultaneously consummated a private placement of 6,133,333 private placement warrants to the Sponsor at $1.50 per warrant, generating proceeds of $9,200,000. ($519.2M proceeds) |
8.6M | 50M |
| May 18, 2020 |
S-1/A filing: Longview Acquisition Corp. is offering 30,000,000 units at $10.00 per unit, each unit consisting of one share of Class A common stock and one-third of one redeemable warrant to purchase one share of Class A common stock in an initial public offering. |
8.6M | 50M |
| May 01, 2020 |
S-1 filing: Longview Acquisition Corp. is a blank check company offering 30,000,000 units at $10.00 per unit in an initial public offering, with each unit consisting of one share of Class A common stock and one-third of one redeemable warrant. |
N/A | 50M |