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
DateValue
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