Pulmonx (LUNG) Cost of Revenue (2019 - 2025)
Pulmonx (LUNG) posted Cost of Revenue of $5.45 million for Q3 2025, up 1.7% from $5.36 million a year earlier but down 18.1% from the prior quarter.
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Analysis
Pulmonx (LUNG) Cost of Revenue (2019 - 2025) Analysis & Trends
For the trailing twelve months through Sep 30, 2025, Cost of Revenue at Pulmonx was $24.48 million, up 19.4% year-over-year; for FY2024, it came in at $21.79 million, up 21.6% from FY2023.
- Annual Cost of Revenue has increased for six consecutive years, with a five-year compound annual growth rate of 16.4% (FY2019 to FY2024).
- In prior years, Pulmonx's Cost of Revenue was $17.92 million in FY2023 (+29.9%), $13.8 million in FY2022 (+7.9%), $12.79 million in FY2021 (+10.9%) and $11.53 million in FY2020 (+13.3%).
- Quarterly Cost of Revenue has run from a low of $2.63 million in Q1 2021 to a high of $6.66 million in Q2 2025 over five years.
- On a year-over-year basis, Cost of Revenue has increased in each of the last 12 quarters, with growth averaging 19.2% over the last eight quarters.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was Q1 2023, with growth of 47.6%; the weakest was Q1 2021, with a decline of 11.3%.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $6.66 million (Q2 2025), $6.2 million (Q1 2025) and $6.18 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 242.18 Bn | 221.33 Bn | 4.88 Bn | 7.11 Bn |
| 2 | Abbott Laboratories | 168.71 Bn | 139.79 Bn | 7.27 Bn | 5.33 Bn |
| 3 | Danaher | 150.46 Bn | 134.27 Bn | 3.61 Bn | 2.65 Bn |
| 4 | Intuitive Surgical | 138.71 Bn | 118.26 Bn | 1.96 Bn | 931.90 Mn |
| 5 | Medtronic | 110.54 Bn | 76.41 Bn | 6.34 Bn | 3.42 Bn |
| 6 | Stryker | 105.66 Bn | 91.78 Bn | 4.50 Bn | 2.09 Bn |
| 7 | Boston Scientific | 61.74 Bn | 56.75 Bn | 3.85 Bn | 1.59 Bn |
| 8 | Edwards Lifesciences | 49.09 Bn | 33.21 Bn | 1.35 Bn | 392.40 Mn |
| 9 | Becton Dickinson | 48.16 Bn | 45.31 Bn | 2.32 Bn | 2.67 Bn |
| 10 | Pulmonx | 76.26 Mn | -242.96 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 5.45 Mn |
| Jun 30, 2025 | 6.66 Mn |
| Mar 31, 2025 | 6.20 Mn |
| Dec 31, 2024 | 6.18 Mn |
| Sep 30, 2024 | 5.36 Mn |
| Jun 30, 2024 | 5.48 Mn |
| Mar 31, 2024 | 4.78 Mn |
| Dec 31, 2023 | 4.88 Mn |
| Sep 30, 2023 | 4.64 Mn |
| Jun 30, 2023 | 4.46 Mn |
| Mar 31, 2023 | 3.95 Mn |
| Dec 31, 2022 | 4.24 Mn |
| Sep 30, 2022 | 3.35 Mn |
| Jun 30, 2022 | 3.53 Mn |
| Mar 31, 2022 | 2.67 Mn |
| Dec 31, 2021 | 3.46 Mn |
| Sep 30, 2021 | 3.52 Mn |
| Jun 30, 2021 | 3.17 Mn |
| Mar 31, 2021 | 2.63 Mn |
| Dec 31, 2020 | 2.75 Mn |
API Access
Pulmonx Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=LUNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "LUNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=LUNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();