Butterfly Network Management
Management criteria checks 2/4
Butterfly Network's CEO is Joe DeVivo, appointed in Apr 2023, has a tenure of 1.75 years. total yearly compensation is $10.81M, comprised of 5.4% salary and 94.6% bonuses, including company stock and options. directly owns 0.96% of the company’s shares, worth $8.33M. The average tenure of the management team and the board of directors is 3.1 years and 3.9 years respectively.
Key information
Joe DeVivo
Chief executive officer
US$10.8m
Total compensation
| CEO salary percentage | 5.4% |
| CEO tenure | 1.8yrs |
| CEO ownership | 1.0% |
| Management average tenure | 3.1yrs |
| Board average tenure | 3.9yrs |
Recent management updates
Recent updates
Revenues Tell The Story For Butterfly Network, Inc. (NYSE:BFLY) As Its Stock Soars 30%
Jan 07
Butterfly Network: Time For A Pause
Dec 12Butterfly Network, Inc. (NYSE:BFLY) Stocks Shoot Up 37% But Its P/S Still Looks Reasonable
Nov 07Butterfly Network, Inc. (NYSE:BFLY) Just Reported And Analysts Have Been Lifting Their Price Targets
Nov 06Butterfly Network: Can't Fly Much Higher
Oct 03Is Butterfly Network (NYSE:BFLY) In A Good Position To Deliver On Growth Plans?
Aug 31Even With A 28% Surge, Cautious Investors Are Not Rewarding Butterfly Network, Inc.'s (NYSE:BFLY) Performance Completely
Jul 31A Piece Of The Puzzle Missing From Butterfly Network, Inc.'s (NYSE:BFLY) 27% Share Price Climb
May 31Butterfly Network, Inc. (NYSE:BFLY) Analysts Are Pretty Bullish On The Stock After Recent Results
May 04The Price Is Right For Butterfly Network, Inc. (NYSE:BFLY)
Apr 13Is Butterfly Network (NYSE:BFLY) In A Good Position To Invest In Growth?
Mar 15Butterfly Network: Progress Being Made
Jan 21Butterfly Network, Inc.'s (NYSE:BFLY) 29% Share Price Surge Not Quite Adding Up
Jan 09We're Keeping An Eye On Butterfly Network's (NYSE:BFLY) Cash Burn Rate
Dec 13Butterfly Network: Ongoing Strategic Pivot, Substantial Cash Burn, And Structurally Unprofitable
Nov 11Here's Why We're Watching Butterfly Network's (NYSE:BFLY) Cash Burn Situation
Sep 04Butterfly Network: Will Pivot To AI Be Enough To Restart Growth?
Aug 28Butterfly Network: Favoring Profits And A Possible Blueprint For AI Governance
Jun 16Is Butterfly Network (NYSE:BFLY) In A Good Position To Deliver On Growth Plans?
May 10Butterfly Network, Inc.'s (NYSE:BFLY) P/S Is Still On The Mark Following 31% Share Price Bounce
Apr 17Butterfly Network, Inc. (NYSE:BFLY) Just Reported Earnings, And Analysts Cut Their Target Price
Mar 03Will Butterfly Network (NYSE:BFLY) Spend Its Cash Wisely?
Jan 24Butterfly Network: Outstanding Product But I Am Fearful Of The Significant Losses
Jan 17Butterfly Network CEO Todd Fruchterman to depart, Rothberg named interim CEO
Dec 06Butterfly Network Q3 2022 Earnings Preview
Nov 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$99m |
| Jun 30 2024 | n/a | n/a | -US$109m |
| Mar 31 2024 | n/a | n/a | -US$122m |
| Dec 31 2023 | US$11m | US$589k | -US$134m |
Compensation vs Market: Joe's total compensation ($USD10.81M) is above average for companies of similar size in the US market ($USD3.22M).
Compensation vs Earnings: Insufficient data to compare Joe's compensation with company performance.
CEO
Joe DeVivo (57 yo)
1.8yrs
Tenure
US$10,808,617
Compensation
Mr. Joseph M. DeVivo, also known as Joe, serves as President, Chief Executive Officer, principal executive officer and Chairman of the Board at Butterfly Network, Inc. since April 24, 2023. He had been Pre...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Chairman of the Board | 1.8yrs | US$10.81m | 0.96% $ 8.3m | |
| Founder & Director | 14yrs | US$217.35k | 17.34% $ 151.1m | |
| Executive VP | 2.7yrs | US$3.31m | 0.24% $ 2.1m | |
| Senior VP & CTO | 3.5yrs | US$2.25m | 0.21% $ 1.9m | |
| Chief Information Officer | 3.5yrs | no data | no data | |
| Chief Strategy Officer & Chief Business Development Officer | 6.4yrs | US$1.63m | no data | |
| Chief Medical Officer | 4.2yrs | no data | no data | |
| Senior Vice President of International Sales | 1.5yrs | no data | no data | |
| President of Golden Queen Mining LLC | 1yr | no data | no data | |
| Chief Business Officer | less than a year | no data | 0.86% $ 7.5m |
3.1yrs
Average Tenure
55.5yo
Average Age
Experienced Management: BFLY's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Chairman of the Board | 1.8yrs | US$10.81m | 0.96% $ 8.3m | |
| Founder & Director | no data | US$217.35k | 17.34% $ 151.1m | |
| Lead Independent Director | 4.9yrs | US$221.85k | 2.19% $ 19.1m | |
| Independent Director | 3.8yrs | US$215.00k | 0.061% $ 528.1k | |
| Independent Director | 3.9yrs | US$227.50k | 0.060% $ 520.2k | |
| Independent Director | 3.9yrs | US$208.02k | 0.065% $ 569.3k | |
| Independent Director | 3.3yrs | US$212.65k | 0.061% $ 531.5k |
3.9yrs
Average Tenure
57yo
Average Age
Experienced Board: BFLY's board of directors are considered experienced (3.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/31 06:41 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Butterfly Network, Inc. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Neil Chatterji | B. Riley Securities, Inc. |
| Benjamin Haynor | Lake Street Capital Markets, LLC |
| Suraj Kalia | Oppenheimer & Co. Inc. |