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Pulmonx Corporation LUNG Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin75.5%+1.3pp74.2%+0.9pp73.3%+0.2pp73.1%-0.4pp73.5%-0.5pp
Operating margin-58.8%+0.5pp-59.3%+3.1pp-62.4%+0.5pp-62.9%+3.1pp-66%+2.9pp
Net margin-60.1%-0.4pp-59.7%+2.2pp-61.9%+1.0pp-62.9%+2.4pp-65.3%+2.0pp
Returns
Return on equity-86.2%-9.0pp-77.2%-3.5pp-73.7%-6.8pp-66.9%-6.2pp-60.7%-5.4pp
Return on invested capital-92.1%-2.4pp-89.6%-7.4pp-82.2%-8.1pp-74.1%-4.2pp-69.9%-5.5pp
Efficiency
Asset turnover0.7×0.0×0.6×0.0×0.6×0.0×0.6×0.0×0.6×+0.1×
Liquidity
Current ratio4.9×-0.2×5.1×+0.2×4.9×-0.5×5.3×+0.4×-0.6×
Leverage
Debt-to-equity1.2×+0.2×+0.1×0.9×+0.1×0.8×+0.1×0.7×+0.1×
Per Share
Book value per share$1.09-17.9%$1.33-9.3%$1.47-14.2%$1.71-12.1%$1.94-11.4%
Valuation
Market capitalization$54.91M-43.7%$91.16M+38.1%$66.01M-39.2%$108.49M-59.5%$267.83M-0.1%
Price / sales0.6×-0.5×+0.3×0.7×-0.5×1.2×-1.9×3.1×-0.1×
Price / book1.3×-0.2×1.7×+0.6×1.1×-0.5×1.6×-1.9×3.4×+0.3×

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Questions, answered.

What are Pulmonx Corporation's profit margins?
Pulmonx Corporation (LUNG) runs a 75.5% gross margin and a -58.8% operating margin, with a -60.1% net margin.
Where do Pulmonx Corporation's ratios come from?
Every ratio is computed from Pulmonx Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.