Pulmonx (LUNG) Operating Expenses (2019 - 2025)
Pulmonx (LUNG) reported 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 7 years of Operating Expenses data on file, last reported at $30.4 million in Q3 2025.
- Operating Expenses for Q3 2025 came in at $30.4 million, up 4.42% year-over-year; the trailing twelve-month figure through Dec 2025 was $93.4 million (down 22.01% YoY), and the FY2024 annual result was $119.7 million, up 6.23% from the prior year.
- Operating Expenses eased to $30.4 million in Q3 2025 per LUNG's latest filing, from $32.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $32.0 million in Q2 2025 and troughed at $19.1 million in Q1 2021.
- A 5-year average of $26.7 million and a median of $28.2 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2021 and 2024: Operating Expenses soared 73.16% in 2021, then rose 3.37% in 2024.
- A 5-year view of Operating Expenses shows it stood at $22.6 million in 2021, then rose by 14.12% to $25.8 million in 2022, then climbed by 9.72% to $28.3 million in 2023, then gained by 9.49% to $31.0 million in 2024, then declined 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 9.82 Bn |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 2.87 Bn |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 3.76 Bn |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 2.51 Bn |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 822.60 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -668.50 Mn |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 495.00 Mn |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 1.46 Bn |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 380.30 Mn |
| 10 | Pulmonx | 54.38 Mn | -15.37 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 |