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
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