What is Pulmonx Corporation's R&D?

Pulmonx Corporation (LUNG) reported R&D of $4.9M in Q1 2026.

How has Pulmonx Corporation's R&D changed year-over-year?

Pulmonx Corporation's R&D increased by 3.0% year-over-year, from $4.76M to $4.9M.

What is the long-term trend for Pulmonx Corporation's R&D?

Over 4 years (2021 to 2025), Pulmonx Corporation's R&D has grown at a 10.5% compound annual growth rate (CAGR), from $13.06M to $19.49M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Pulmonx Corporation LUNG R&D

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LQD

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$579K-27.4%

Other financials

Income statement

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Revenue$20.6M-8.7%

Gross profit$16.0M-1.8%

Operating income-$13.0M+11.0%

Net income-$13.7M+5.5%

EPS (diluted)-$0.33+8.3%

Balance sheet

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Cash & equivalents$61.0M-2.4%

Total debt$56.3M-1.2%

Total equity$45.8M-41.1%

Total assets$120.0M-20.4%

Cash flow

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Operating cash flow-$10.1M+23.6%

CapEx$9.0K-97.0%

Free cash flow-$10.1M+25.3%

Valuation

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Market cap$54.91M-43.7%

Enterprise value$50.17M-39.2%

P/S0.6×-0.5×

Profitability

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Gross margin75.5%+2.0pp

Operating margin-58.8%-5.8pp

Net margin-60.1%-4.4pp

FCF margin-33.2%-4.4pp

Returns & leverage

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Return on equity-86.2%+62.6pp

Debt / equity1.2×+0.5×

Current ratio4.9×-0.1×

Where this comes from

Reported directly by Pulmonx Corporation in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Pulmonx Corporation’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pulmonx Corporation's R&D?: Pulmonx Corporation (LUNG) reported R&D of $4.9M in Q1 2026.
How has Pulmonx Corporation's R&D changed year-over-year?: Pulmonx Corporation's R&D increased by 3.0% year-over-year, from $4.76M to $4.9M.
What is the long-term trend for Pulmonx Corporation's R&D?: Over 4 years (2021 to 2025), Pulmonx Corporation's R&D has grown at a 10.5% compound annual growth rate (CAGR), from $13.06M to $19.49M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.