Growth Metrics

Pulmonx (LUNG) Gross Margin (2019 - 2025)

Pulmonx has reported Gross Margin over the past 7 years, most recently at 74.65% for Q3 2025.

  • Quarterly Gross Margin rose 95.0% to 74.65% in Q3 2025 from the year-ago period, while the trailing twelve-month figure was 73.3% through Sep 2025, down 86.0% year-over-year, with the annual reading at 74.0% for FY2024, 9.0% up from the prior year.
  • Gross Margin was 74.65% for Q3 2025 at Pulmonx, up from 72.11% in the prior quarter.
  • Over five years, Gross Margin peaked at 75.21% in Q1 2022 and troughed at 71.52% in Q1 2021.
  • The 5-year median for Gross Margin is 73.99% (2021), against an average of 73.79%.
  • Year-over-year, Gross Margin surged 4644bps in 2021 and then plummeted -235bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 74.78% in 2021, then decreased by -3bps to 72.51% in 2022, then rose by 3bps to 74.7% in 2023, then dropped by -1bps to 74.02% in 2024, then rose by 1bps to 74.65% in 2025.
  • Per Business Quant, the three most recent readings for LUNG's Gross Margin are 74.65% (Q3 2025), 72.11% (Q2 2025), and 72.51% (Q1 2025).