Pulmonx (LUNG) Operating Expenses (2019 - 2025)
Pulmonx (LUNG) posted quarterly Operating Expenses of $30.4 million for Q3 2025, up 4.42% year-over-year from $29.2 million in Q3 2024, and down 4.88% quarter-over-quarter from $32.0 million in Q2 2025.
Pulmonx (LUNG) Operating Expenses (2019 - 2025) Analysis & Trends
Pulmonx (LUNG) has reported Operating Expenses for 7 consecutive years, with $30.4 million the latest figure, recorded in Q3 2025.
- In Q3 2025, Operating Expenses rose 4.42% year-over-year to $30.4 million; the TTM figure through Dec 2025 stood at $93.4 million (down 22.01% YoY), while the FY2024 annual figure was $119.7 million, up 6.23% from the prior year.
- Operating Expenses retreated to $30.4 million in Q3 2025 per LUNG's latest filing, from $32.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $32.0 million in Q2 2025 and bottomed at $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.
- Annual changes were most pronounced in 2021 — Operating Expenses soared 73.16% — and 2024, when it rose 3.37%.
- Pulmonx's Operating Expenses stood at $22.6 million in 2021, then gained by 14.12% to $25.8 million in 2022, then grew by 9.72% to $28.3 million in 2023, then advanced by 9.49% to $31.0 million in 2024, then fell by 1.81% to $30.4 million in 2025.
- Business Quant data shows LUNG's Operating Expenses at $30.4 million in Q3 2025, $32.0 million in Q2 2025, and $30.9 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.51 Bn | 194.91 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Stryker | 129.96 Bn | 126.48 Bn | 4.50 Bn | 2.84 Bn |
| 3 | Medtronic | 120.18 Bn | 110.96 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 74.28 Bn | 73.74 Bn | 3.85 Bn | 2.67 Bn |
| 5 | Edwards Lifesciences | 52.75 Bn | 48.50 Bn | 1.35 Bn | 846.40 Mn |
| 6 | Dexcom | 34.67 Bn | 32.73 Bn | 830.00 Mn | 511.70 Mn |
| 7 | GE HealthCare Technologies | 34.23 Bn | 32.12 Bn | 2.18 Bn | 1.44 Bn |
| 8 | Koninklijke Philips | 26.46 Bn | 23.14 Bn | 4.55 Bn | -741.59 Mn |
| 9 | Steris | 23.30 Bn | 22.82 Bn | 684.20 Mn | 398.30 Mn |
| 10 | Pulmonx | 97.63 Mn | 27.88 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 |