Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Segment Revenue and Significant Segment Expenses

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


	Year ended December 31,
	2025		2024		2023
Revenue	$	97,610	$	82,056	$	65,900
Less:
Cost of revenue (excluding write-downs of inventories and vendor advances)	34,280		33,210		27,961
Write-downs of inventories and vendor advances	17,596		15		21,083
Payroll operating expenses	55,421		57,334		67,241
Stock-based compensation operating expenses	23,064		21,032		27,480
Non-payroll operating expenses	42,888		40,811		49,581
Other	10,776		4,065		18,164
Other segment items	(9,351)		(1,919)		(11,910)
Net loss	$	(77,064)	$	(72,492)	$	(133,700)

Schedule of Allowance for Doubtful Accounts

The following table summarizes the allowance for credit losses activity:


(in thousands)	Fair Value
Allowance for credit losses as of December 31, 2023	$	1,787
Provision for expected credit losses	1,128
Write-offs	(332)
Allowance for credit losses as of December 31, 2024	2,583
Provision for expected credit losses	993
Write-offs	(2,187)
Allowance for credit losses as of December 31, 2025	$	1,389

Schedule of Useful Life for Property and Equipment

Useful lives for property and equipment are as follows:


Property and Equipment						Estimated Useful Life
Software						3 years
Machinery and equipment						2 – 5 years
Furniture and fixtures						7 years
Leasehold improvements						Lesser of estimated useful life or remaining lease term

Schedule of Other Expenses

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


	Year ended December 31,
	2025		2024		2023
Employment-related expenses	$	985	$	1,341	$	8,701
Legal-related expenses	9,791		2,724		9,463
Total other	$	10,776	$	4,065	$	18,164

Butterfly Network, Inc. 10-K