PULMONX CORPORATION financials
Source: EDGAR filings · Built 2026-06-02T03:29:17Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -32.83M | -32.98M | -38.42M | -46.40M | -45.06M | -31.54M |
| EBITDA | -52.56M | -56.50M | -60.44M | -57.14M | -46.50M | -31.93M |
| Working Capital | 81.63M | 111.81M | 127.27M | 150.46M | 190.45M | 237.46M |
| Net Debt | -13.39M | -14.43M | -42.12M | -77.33M | -122.02M | -204.34M |
| Gross Margin | 74.19% | 74.00% | 73.90% | 74.29% | 73.59% | 64.77% |
| Operating Margin | -59.30% | -68.87% | -90.19% | -109.27% | -97.70% | -98.77% |
| Net Margin | -59.67% | -67.30% | -88.60% | -109.80% | -100.51% | -98.47% |
| Return on Equity (ROE) | -99.79% | -65.72% | -51.42% | -38.26% | -25.18% | -14.25% |
| Return on Assets (ROA) | -41.77% | -34.63% | -34.22% | -30.42% | -20.69% | -12.22% |
| Current Ratio | 5.07× | 5.58× | 6.50× | 9.14× | 11.85× | 19.96× |
| Debt-to-Equity | 1.04× | 0.66× | 0.35× | 0.16× | 0.14× | 0.12× |
| Effective Tax Rate | -1.17% | -0.89% | -0.95% | -0.60% | -0.71% | -0.67% |
| Cash Conversion Ratio | 0.60× | 0.56× | 0.62× | 0.77× | 0.85× | 0.95× |
| Accruals Ratio | -0.17× | -0.15× | -0.13× | -0.07× | -0.03× | -0.01× |
| SBC % of Revenue | 23.46% | 27.40% | 32.18% | 30.65% | 21.75% | 9.77% |
| CapEx Coverage | -71.63× | -21.79× | -46.60× | -34.21× | -11.27× | -33.63× |
| Free Cash Flow Per Share | $-0.81 | $-0.84 | $-1.01 | $-1.25 | $-1.25 | $-3.10 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 90.50M | 83.79M | 68.67M | 53.66M | 48.42M | 32.73M |
| Cost of Goods and Services Sold | 23.36M | 21.79M | 17.92M | 13.80M | 12.79M | 11.53M |
| Gross Profit | 67.14M | 62.00M | 50.75M | 39.87M | 35.63M | 21.20M |
| Research and Development Expense | 19.49M | 17.57M | 18.08M | 15.40M | 13.06M | 7.46M |
| Selling, General and Administrative Expense | 101.31M | 102.14M | 94.61M | 83.11M | 69.87M | 46.07M |
| Operating Expenses | 120.80M | 119.70M | 112.69M | 98.50M | 82.93M | 53.53M |
| Operating Income (Loss) | -53.66M | -57.70M | -61.94M | -58.64M | -47.30M | -32.33M |
| Income Tax Expense (Benefit) | 626.00K | 500.00K | 571.00K | 353.00K | 343.00K | 213.00K |
| Net Income (Loss) Attributable to Parent | -54.00M | -56.39M | -60.84M | -58.92M | -48.66M | -32.23M |
| Earnings Per Share, Basic | $-1.33 | $-1.44 | $-1.60 | $-1.59 | $-1.35 | $-3.16 |
| Weighted Average Number of Shares Outstanding, Basic | 40.69M | 39.11M | 37.97M | 37.10M | 36.13M | 10.18M |
| Earnings Per Share, Diluted | $-1.33 | $-1.44 | $-1.60 | $-1.59 | $-1.35 | $-3.16 |
| Weighted Average Number of Shares Outstanding, Diluted | 40.69M | 39.11M | 37.97M | 37.10M | 36.13M | 10.18M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 69.75M | 70.91M | 83.55M | 101.74M | 148.48M | 231.56M |
| Assets, Current | 101.68M | 136.25M | 150.42M | 168.95M | 208.00M | 249.99M |
| Assets | 129.29M | 162.85M | 177.78M | 193.68M | 235.17M | 263.71M |
| Long-term Debt | 37.09M | 37.18M | 37.24M | 17.32M | 17.41M | 17.37M |
| Liabilities, Current | 20.06M | 24.44M | 23.16M | 18.49M | 17.55M | 12.53M |
| Long-term Debt, Excluding Current Maturities | 36.99M | 34.00M | 35.09M | 17.23M | 17.32M | — |
| Liabilities | 75.17M | 77.04M | 59.47M | 39.67M | 41.93M | 37.57M |
| Stockholders' Equity Attributable to Parent | 54.12M | 85.81M | 118.31M | 154.01M | 193.24M | 226.13M |
| Common Stock, Shares, Outstanding | 41.67M | 39.79M | 38.52M | 37.56M | 36.93M | 35.69M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -32.38M | -31.54M | -37.61M | -45.08M | -41.39M | -30.63M |
| Payments to Acquire Property, Plant, and Equipment | 452.00K | 1.45M | 807.00K | 1.32M | 3.67M | 911.00K |
| Net Cash Provided by (Used in) Investing Activities | 30.48M | 17.48M | -2.01M | -4.22M | -46.26M | 12.69M |
| Payments for Repurchase of Common Stock | — | — | 0 | 27.00K | 26.00K | 21.00K |
| Net Cash Provided by (Used in) Financing Activities | 833.00K | 1.36M | 21.40M | 2.42M | 4.46M | 234.83M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -10.11M | -7.10M | -25.73M | -17.48M | -13.52M | -6.84M |
| EBITDA | -12.76M | -9.60M | -14.09M | -14.50M | -14.26M | -13.32M |
| Working Capital | 73.84M | 81.63M | 88.36M | 97.57M | 98.99M | 111.81M |
| Net Debt | -5.28M | -13.39M | -19.98M | -18.64M | -9.80M | -14.43M |
| Gross Margin | 77.94% | 77.62% | 74.65% | 72.11% | 72.51% | 74.02% |
| Operating Margin | -62.94% | -43.82% | -66.94% | -62.05% | -64.62% | -56.46% |
| Net Margin | -66.33% | -46.13% | -64.91% | -63.59% | -64.11% | -55.44% |
| Return on Equity (ROE) | -29.84% | -19.26% | -23.25% | -21.96% | -18.60% | -15.35% |
| Return on Assets (ROA) | -11.38% | -8.06% | -10.09% | -10.31% | -9.59% | -8.09% |
| Current Ratio | 4.91× | 5.07× | 4.86× | 5.35× | 4.97× | 5.58× |
| Debt-to-Equity | 1.23× | 1.04× | 0.94× | 0.82× | 0.83× | 0.66× |
| Effective Tax Rate | -1.10% | -1.82% | -0.93% | -1.18% | -0.94% | -0.29% |
| Cash Conversion Ratio | 0.74× | 0.68× | 1.81× | 1.13× | 0.92× | 0.51× |
| Accruals Ratio | -0.03× | -0.03× | 0.08× | 0.01× | -0.01× | -0.04× |
| SBC % of Revenue | 20.09% | 18.77% | 79.03% | 49.57% | 24.90% | 23.24% |
| CapEx Coverage | -1121.89× | -544.92× | -57.61× | -48.94× | -43.93× | -60.63× |
| Free Cash Flow Per Share | $-0.24 | $-0.17 | $-0.63 | $-0.43 | $-0.34 | $-0.17 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 20.59M | 22.60M | 21.50M | 23.86M | 22.54M | 23.77M |
| Cost of Goods and Services Sold | 4.54M | 5.06M | 5.45M | 6.66M | 6.20M | 6.17M |
| Gross Profit | 16.04M | 17.54M | 16.05M | 17.20M | 16.34M | 17.59M |
| Research and Development Expense | 4.90M | 4.58M | 4.85M | 5.31M | 4.76M | 4.00M |
| Selling, General and Administrative Expense | 24.10M | 22.86M | 25.60M | 26.70M | 26.15M | 27.01M |
| Operating Expenses | 29.00M | 27.44M | 30.45M | 32.01M | 30.91M | 31.01M |
| Operating Income (Loss) | -12.96M | -9.90M | -14.39M | -14.80M | -14.56M | -13.42M |
| Income Tax Expense (Benefit) | 149.00K | 186.00K | 128.00K | 177.00K | 135.00K | 38.00K |
| Net Income (Loss) Attributable to Parent | -13.65M | -10.43M | -13.96M | -15.17M | -14.45M | -13.18M |
| Earnings Per Share, Basic | $-0.33 | $-0.25 | $-0.34 | $-0.38 | $-0.36 | $-0.33 |
| Weighted Average Number of Shares Outstanding, Basic | 41.90M | 40.69M | 40.94M | 40.43M | 39.95M | 39.11M |
| Earnings Per Share, Diluted | $-0.33 | $-0.25 | $-0.34 | $-0.38 | $-0.36 | $-0.33 |
| Weighted Average Number of Shares Outstanding, Diluted | 41.90M | 40.69M | 40.94M | 40.43M | 39.95M | 39.11M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 61.57M | 69.75M | 76.55M | 75.47M | 74.56M | 70.91M |
| Assets, Current | 92.75M | 101.68M | 111.23M | 120.02M | 123.94M | 136.25M |
| Assets | 119.97M | 129.29M | 138.28M | 147.19M | 150.74M | 162.85M |
| Long-term Debt | 37.31M | 37.09M | 37.13M | 37.12M | 37.20M | 37.18M |
| Liabilities, Current | 18.91M | 20.06M | 22.88M | 22.45M | 24.95M | 24.44M |
| Long-term Debt, Excluding Current Maturities | 37.21M | 36.99M | 37.02M | 37.01M | 29.39M | 34.00M |
| Liabilities | 74.20M | 75.17M | 78.25M | 78.10M | 73.07M | 77.04M |
| Stockholders' Equity Attributable to Parent | 45.76M | 54.12M | 60.03M | 69.09M | 77.67M | 85.81M |
| Common Stock, Shares, Outstanding | 42.24M | 41.67M | 41.25M | 40.74M | 40.25M | 39.79M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -10.10M | -7.08M | -25.29M | -17.13M | -13.22M | -6.73M |
| Payments to Acquire Property, Plant, and Equipment | 9.00K | 13.00K | 439.00K | 350.00K | 301.00K | 111.00K |
| Net Cash Provided by (Used in) Investing Activities | -9.00K | -13.00K | 30.50M | 21.78M | 16.31M | 14.07M |
| Net Cash Provided by (Used in) Financing Activities | 2.03M | 55.00K | 778.00K | 597.00K | 664.00K | 62.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (LUNG CIK 0001127537),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.