An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · Butterfly Network, Inc.
VERDICT
The label
Markup
read at $9.45
Butterfly Network, Inc. holds its Markup at $9.45.
PHPhase · the trend structure carries the Markup label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · does not pass the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2026-08-12
Phase
Markup
Quantitative state
Consolidating, no directional conviction, held for 17 days
Price
$9.45
Valuation
N/A trailing · -157.50 forward price to earnings
Values screen
FAIL· score 70.0
Beta
2.08
OPPORTUNITY
The opportunity · what the numbers say it is worth
Read at
$9.45
N/A P/E · -157.50 fwd
Our fair value
$10.50
11% discount
Analyst target (avg)
$10.50
+11% to current
Target low $5.25Analyst target rangeTarget high $11.00
▲ current $9.45 · | average target
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$9.45
you are here
Conservative
$5.25
-44%
Analyst avg
$10.50
+11%
Our fair value
$10.50
+11%
Analyst high
$11.00
+16%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Revenue growth
39.50%
Profit margin
-66.75%
Debt to equity
10.08
Analyst consensus
Strong Buy · 4 covering
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
This company is excluded by both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. It fails on both:
The common standard· AAOIFI Used by most halal investing apps✗ DOES NOT PASS
Our stricter standard· asset-based The one Titan applies✗ DOES NOT PASS
Why it fails. The problem is its accounts receivable. Because both standards agree on this, it is a clear exclusion, not a borderline case.
Business activityIts core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending.Pass
Debt loadInterest-bearing debt is just 6.9% of its assets, well under the one-third ceiling — it does not run on borrowed money.Pass
Interest-bearing cashCash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.Pass
ReceivablesMoney owed to the company is 59.8% of assets, above the 49% limit.Fail
Revenue purity6.1% of revenue comes from non-compliant sources, over the 5% line.Fail
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
Handheld Scanner Promise Collides With Heavy Losses
A doctor in a remote clinic reaches for a probe the size of a smartphone rather than wheeling out a bulky machine. Butterfly Network built exactly that device and revenue is rising twenty five percent, yet the business still posts a seventy four percent negative profit margin and negative thirty five percent return on equity. The shares sit above our fair value with no margin of safety and a deeply negative forward earnings multiple.
Growth in portable ultrasound looks attractive on paper but four analysts see no consensus upside and the company has yet to prove it can convert device sales into sustainable profits. Unknown competitive position and execution risk on scaling leave the investment case thin despite the ethical screen clearing cleanly.
High cash burn and uncertain hospital adoption keep the risk profile elevated. The setup offers little reason to get involved at current levels.
Screened names in the same industry · explore each on its own page.
TRADE
Where & how to trade · wherever in the world you are
BFLY trades on the NYSE. As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.
TRADER
The trader read · the latest dated commentary
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 19.5% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 42% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 107%. Our forward projection puts the odds of a 10% gain over the next month near 43%. The street (4 analysts) rates it none, with a mean price target of $6. Entered 2026-07-22 · Markdown
JOURNAL
The dated journal · newest first, never edited
2026-07-22Markdown$6.62+19.5%Entry 4
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 19.5% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 42% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 107%. Our forward projection puts the odds of a 10% gain over the next month near 43%. The street (4 analysts) rates it none, with a mean price target of $6.
2026-07-18Markdown$5.54+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 42% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 107%. Our forward projection puts the odds of a 10% gain over the next month near 43%. The street (4 analysts) rates it none, with a mean price target of $6.
2026-07-03Markdown$5.54+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markdown$5.54Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
RETURNS
What holding actually paid · price plus dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$4.20
+28.7%
·
$1,287
+28.7%
2 months
$4.11
+31.5%
·
$1,315
+31.5%
3 months
$3.64
+48.5%
·
$1,485
+48.5%
6 months
$3.08
+75.5%
·
$1,755
+75.5%
1 year
$2.61
+107.1%
·
$2,071
+107.1%
2 years
$0.95
+469.0%
·
$5,690
+469.0%
3 years
$2.17
+149.1%
·
$2,491
+149.1%
5 years
$14.11
-61.7%
·
$383
-61.7%
Historical returns from market close data. Past performance does not guarantee future results.
SEALED
This entry now belongs to the ledger. Whatever BFLY does next, these words stay.
Butterfly Network, Inc. · BFLY · Markup · $9.45
Recorded 2026-08-12 · before the outcome · scored mechanically
