Pulmonx reported cash from operations of -$8.17M and free cash flow of -$8.25M for the quarter ended Sep 2025, down 13.4% year over year. This cash flow statement covers 25 quarters of results from Sep 2019 through Sep 2025, standardized by Business Quant from the company’s SEC filings.
| Cash Flow Statement | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||
| Net Income | -9.29M | -12.54M | -12.98M | -10.18M | -13.00M | -15.86M | -14.64M | -14.17M | -14.28M | -15.86M | -16.20M | -14.94M | -13.89M | -13.76M | -15.34M | -14.15M | -13.14M | -14.45M | -15.20M | -13.96M | |||||
| Share-based CompensationStock Comp. | 0.05M | 2.27M | 2.31M | 2.94M | 3.01M | 3.51M | 4.38M | 4.30M | 4.25M | 4.64M | 5.86M | 6.00M | 5.60M | 5.67M | 0.70M | 0.70M | 5.52M | 5.61M | 6.21M | 5.17M | |||||
| Deferred Taxes | -0.01M | -0.01M | -0.00M | 0.02M | -0.05M | ||||||||||||||||||||
| Gains from Investment SecuritiesGains Investment | |||||||||||||||||||||||||
| Asset Writedowns and ImpairmentWritedown | 0.45M | 0.21M | 0.31M | 0.21M | 0.05M | 0.07M | 0.20M | 0.17M | 0.27M | 0.11M | 0.53M | -0.41M | 0.16M | 1.70M | -0.15M | -0.05M | -0.05M | 0.07M | |||||||
| Cash from OperationsCash from Ops. | -7.23M | -9.70M | -12.70M | -8.30M | -10.70M | -15.03M | -9.57M | -10.70M | -9.80M | -12.64M | -7.89M | -8.66M | -8.41M | -11.80M | -5.80M | -7.21M | -6.73M | -13.22M | -3.91M | -8.17M | |||||
| Depreciation, Depletion & Amortization | |||||||||||||||||||||||||
| Amortizatization of IntangiblesAmort. of Intangibles | 0.51M | 0.57M | 0.58M | 0.62M | 0.59M | 0.61M | 0.61M | 0.63M | 0.64M | 0.65M | 0.67M | 0.67M | 0.69M | 0.70M | 0.51M | 0.30M | 0.33M | 0.36M | 0.26M | 0.47M | |||||
| Amortization of Deferred ChargesAmort. Deferred Charges | 0.10M | 0.04M | 0.10M | 0.10M | 0.02M | 0.02M | 0.10M | 0.10M | 0.01M | 0.01M | 0.10M | 0.10M | 0.01M | 0.02M | 0.10M | 0.10M | 0.01M | 0.01M | 0.10M | 0.10M | |||||
| Change in Working Capital | |||||||||||||||||||||||||
| Change in ReceivablesChange Receivables | -1.12M | 1.01M | 1.72M | 0.09M | -0.39M | 0.28M | 0.80M | -0.17M | 1.28M | -0.53M | 0.71M | 1.16M | 1.76M | -1.36M | 0.57M | 0.36M | 1.74M | 0.72M | 1.22M | -1.41M | |||||
| Change in InventoryChange Inventory | 1.10M | 1.63M | 1.50M | 1.88M | 1.45M | 2.02M | 1.01M | 1.14M | -0.54M | 0.60M | -0.34M | 0.16M | -1.35M | 1.08M | -0.41M | -0.60M | 0.15M | -0.41M | -0.66M | 1.02M | |||||
| Change in Account PayablesChange Payables | 0.76M | 0.30M | -0.01M | 2.61M | -2.82M | 1.26M | -0.20M | 0.01M | -0.83M | 0.87M | -0.52M | 1.00M | -1.70M | 1.64M | -0.01M | 1.35M | -0.70M | 0.51M | 2.14M | 0.12M | |||||
| Change in Accured ExpensesChange Accured Exp. | 0.71M | 1.74M | 1.18M | 0.36M | 1.51M | -2.31M | 1.02M | -0.94M | 2.38M | -2.48M | 2.98M | 0.42M | 2.25M | -5.98M | 1.74M | 0.73M | 3.98M | -4.89M | 2.53M | 0.53M | |||||
| Change in TaxesChange Taxes | -0.07M | 0.03M | -0.12M | 0.11M | -0.00M | -0.15M | -0.11M | 0.13M | 0.04M | -0.02M | -0.11M | 0.15M | -0.02M | 0.00M | -0.02M | 0.02M | 0.07M | -0.01M | |||||||
| Other Working Capital ChangesOther WC Changes | -0.03M | 0.01M | 0.01M | 0.07M | 0.00M | -0.03M | 0.00M | -0.02M | 0.01M | -0.01M | -0.01M | -0.01M | 0.02M | 0.01M | -0.00M | 0.03M | -0.01M | -0.05M | 0.01M | ||||||
| Investing Activities | |||||||||||||||||||||||||
| Capital ExpendituresCapex | 0.62M | 0.24M | 0.66M | 1.62M | 1.15M | 0.56M | 0.30M | 0.28M | 0.18M | 0.47M | -0.02M | 0.16M | 0.20M | 0.45M | 0.47M | 0.42M | 0.11M | 0.37M | -0.01M | 0.08M | |||||
| Change in Acquisitions & DivestmentsChange Acquisitions | 2.50M | 4.50M | 3.00M | 4.25M | 15.03M | 15.25M | 9.75M | 13.75M | 11.75M | 17.25M | 2.25M | 11.75M | 6.67M | 12.75M | 15.67M | 20.54M | 7.25M | 8.80M | |||||||
| Cash from Investing ActivitiesCash from Investing | -0.69M | -12.53M | -1.19M | -3.41M | -29.12M | -5.62M | 2.08M | 0.04M | -0.73M | 0.57M | -0.81M | 0.99M | -2.75M | -2.51M | -0.83M | 6.75M | 14.07M | 16.31M | 5.47M | 8.71M | |||||
| Financing Activities | |||||||||||||||||||||||||
| Other financing activitiesOther financing | 198.67M | 0.07M | 1.31M | 0.34M | 0.15M | 0.21M | 0.17M | 0.07M | 0.19M | 0.04M | 0.14M | 0.06M | 0.06M | 0.06M | 0.02M | 0.03M | 0.11M | 0.11M | 0.03M | 0.01M | |||||
| Cash from Financing ActivitiesCash from Financing | 199.76M | 0.01M | 3.29M | 1.00M | 0.15M | 1.31M | 0.13M | 0.91M | 0.07M | 20.72M | 0.09M | 0.57M | 0.02M | 0.86M | -0.02M | 0.46M | 0.06M | 0.66M | -0.07M | 0.18M | |||||
| Additional items | |||||||||||||||||||||||||
| Exchange Rate EffectFX Effect | -0.06M | -0.09M | 0.00M | 0.10M | 0.09M | 0.02M | 0.13M | 0.19M | -0.20M | 0.02M | 0.02M | 0.20M | -0.21M | 0.05M | -0.05M | -0.12M | 0.19M | -0.10M | -0.58M | 0.35M | |||||
| Change in Cash | 191.75M | -22.28M | -10.58M | -10.63M | -39.59M | -19.31M | -7.22M | -9.54M | -10.67M | 8.67M | -8.59M | -6.87M | -11.40M | -13.39M | -6.67M | -0.15M | 7.59M | 3.65M | 0.91M | 1.08M | |||||
| Free Cash FlowFCF | -7.86M | -9.94M | -13.36M | -9.92M | -11.85M | -15.59M | -9.87M | -10.98M | -9.98M | -13.11M | -7.87M | -8.82M | -8.61M | -12.25M | -6.27M | -7.62M | -6.84M | -13.59M | -3.90M | -8.25M | |||||
| Net Cash FlowNCF | 191.84M | -22.22M | -10.59M | -10.71M | -39.67M | -19.33M | -7.36M | -9.75M | -10.46M | 8.65M | -8.61M | -7.11M | -11.15M | -13.44M | -6.66M | 0.00M | 7.40M | 3.75M | 1.50M | 0.72M |