Pulmonx (LUNG) Operating Expenses (2019 - 2025)
Pulmonx's (LUNG) quarterly Operating Expenses came in at $30.4 million in Q3 2025, up 4.42% year-on-year from $29.2 million in Q3 2024, and down 4.88% on a QoQ basis from $32.0 million in Q2 2025.
Pulmonx (LUNG) Operating Expenses (2019 - 2025) Analysis & Trends
Pulmonx (LUNG) has 7 years of Operating Expenses data on file, last reported at $30.4 million in Q3 2025.
- On a quarterly basis, Operating Expenses rose 4.42% year-over-year to $30.4 million in Q3 2025; TTM through Dec 2025 was $93.4 million, a 22.01% decrease from a year earlier, with the FY2024 full-year figure at $119.7 million, up 6.23% from the prior year.
- Operating Expenses for Q3 2025 stood at $30.4 million, down from $32.0 million in the prior quarter.
- Over the last five years, Operating Expenses for LUNG reached as high as $32.0 million in Q2 2025 and fell as low as $19.1 million in Q1 2021.
- Historically, Operating Expenses has averaged $26.7 million across 5 years, with a median of $28.2 million in 2023.
- Across the five-year window, Operating Expenses jumped 73.16% in 2021 and grew 3.37% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $22.6 million in 2021, then climbed by 14.12% to $25.8 million in 2022, then rose by 9.72% to $28.3 million in 2023, then grew by 9.49% to $31.0 million in 2024, then decreased by 1.81% to $30.4 million in 2025.
- Per Business Quant data, the three most recent Operating Expenses figures were $30.4 million in Q3 2025, $32.0 million in Q2 2025, and $30.9 million in Q1 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 9.82 Bn |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 2.87 Bn |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | 2.51 Bn |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 785.50 Mn |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 495.00 Mn |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | -668.50 Mn |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 1.46 Bn |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | -47.00 Mn |
| 10 | Pulmonx | 49.94 Mn | -19.81 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 30.45 Mn |
| Jun 30, 2025 | 32.01 Mn |
| Mar 31, 2025 | 30.91 Mn |
| Dec 31, 2024 | 31.01 Mn |
| Sep 30, 2024 | 29.16 Mn |
| Jun 30, 2024 | 30.93 Mn |
| Mar 31, 2024 | 28.61 Mn |
| Dec 31, 2023 | 28.32 Mn |
| Sep 30, 2023 | 28.21 Mn |
| Jun 30, 2023 | 29.17 Mn |
| Mar 31, 2023 | 26.99 Mn |
| Dec 31, 2022 | 25.81 Mn |
| Sep 30, 2022 | 24.08 Mn |
| Jun 30, 2022 | 24.83 Mn |
| Mar 31, 2022 | 23.78 Mn |
| Dec 31, 2021 | 22.62 Mn |
| Sep 30, 2021 | 19.50 Mn |
| Jun 30, 2021 | 21.71 Mn |
| Mar 31, 2021 | 19.11 Mn |
| Dec 31, 2020 | 16.43 Mn |