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Pulmonx Corporation LUNG Q3 2025 earnings

Reported November 12, 2025 · After market close

Revenue$21.5MMiss by $226.3K
EPS-$0.34Beat by $0.06
Revenue estimate$21.7M
EPS estimate-$0.40

Next report

Date not yet announced

Financials

Q3 2025

Income statement

See full
Revenue$21.5M+5.5%
Gross profit$16.1M+6.8%
Operating income-$14.4M-1.9%
Net income-$14.0M+1.3%
EPS (diluted)-$0.34+5.6%

Balance sheet

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Cash & equivalents$73.0M+34.9%
Total debt$56.6M+1.4%
Total equity$60.0M-36.1%
Total assets$138.3M-17.4%

Cash flow

See full
Operating cash flow-$8.2M-12.7%
CapEx$89.0K-78.6%
Free cash flow-$8.3M-7.7%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$66.01M-79.6%
Enterprise value$49.53M-84.7%
P/S0.7×-3.4×

Profitability

See full
Gross margin73.3%-0.9pp
Operating margin-62.4%-8.1pp
Net margin-61.9%-7.6pp
FCF margin-35.5%-5.7pp

Returns & leverage

See full
Return on equity-73.7%+52.9pp
Debt / equity0.9×+0.3×
Current ratio4.9×-2.8×

Segments

By geography

See full
Europe, Middle-East and Africa (“EMEA”)$6.6M+29.2%
Asia Pacific$842.0K-34.1%
Other International$68.0K-53.1%

Versus estimates

Revenue

Q1 2026$20.6MBeat by $154.6KQ4 2025$22.6MBeat by $869.7K
Q3 2025$21.5MMiss by $226.3K
Q2 2025$23.9MBeat by $466.2KQ1 2025$22.5MBeat by $505.1KQ4 2024$23.8MBeat by $1.5M

Diluted EPS

Q1 2026-$0.33In lineQ4 2025-$0.25Beat by $0.14
Q3 2025-$0.34Beat by $0.06
Q2 2025-$0.38Beat by $0.02Q1 2025-$0.36Beat by $0.01Q4 2024-$0.33Beat by $0.12

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Questions, answered.

When did Pulmonx Corporation report Q3 2025 earnings?
Pulmonx Corporation (LUNG) reported Q3 2025 earnings on November 12, 2025 after market close.
What were Pulmonx Corporation's Q3 2025 revenue and EPS?
Pulmonx Corporation reported revenue of $21.5M and eps of $-0.34 for Q3 2025.
Did Pulmonx Corporation beat estimates in Q3 2025?
Revenue missed the consensus estimate of $21.7M by $226.3K. EPS beat the consensus estimate of $-0.40 by $0.06.
How did Pulmonx Corporation's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.5% from $20.4M a year earlier and eps grew 5.6% from $-0.36.
Where can I find Pulmonx Corporation's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001127537-25-000058) and the 10-Q periodic report (0001127537-25-000059) directly on SEC EDGAR. The filing index links above go to sec.gov.