NASDAQ$LUNG

Pulmonx Corporation · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Pulmonx Corporation reported Q2 2025 revenue of $23.9 million, a 15% increase year-over-year, with a net loss of $15.2 million.

Pulmonx Corporation delivered revenue of $23.9 million in Q2 2025, driven by growth in Zephyr Valve procedures in the US and international markets. The company reported a net loss of $15.2 million and continued investment in commercialization and R&D. Gross margin was 72.1% for the quarter.

  • Q2 2025 revenue grew 15% year-over-year to $23.9 million, with US revenue at $14.7 million and international at $9.1 million.
  • Net loss narrowed slightly to $15.2 million from $15.3 million in Q2 2024, with loss from operations at $14.8 million.
  • Gross profit reached $17.2 million, representing a 72.1% gross margin.
  • Cash and cash equivalents stood at $75.5 million as of June 30, 2025, with total assets of $147.2 million.

Headline financials

Total Revenue

$23.9M

Previous: $20.8M+14.8%
EPS (adj)

-$0.38

Previous: -$0.39+2.6%
Capital Expenditures

-$350K

Previous: -$920K+62.0%
Net Income

-$15.2M

Previous: -$15.3M+1.0%
Operating Income

-$14.8M

Previous: -$15.6M+5.2%
Gross Profit

$17.2M

Previous: $15.3M+12.4%
Cash & Equivalents

$75.5M

Previous: $63.5M+18.9%
Total Assets

$147M

Previous: $173M-14.7%

Revenue & EPS history

Pulmonx · Revenue · Quarterly

$23.9M

Q2 2025+14.8%vs Q2 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-3.4%

Avg return

Earnings day

-4.1%

Avg return

5 days after

-5.3%

Avg return

30 days after

42%

10 / 24 earnings

Positive

+32.2%

Q4 2024

Best reaction

-64.7%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-1.5%-6.7%+12.6%
Q4 2025+0.6%-6.1%-28.2%
Q3 2025-18.9%-28.6%+29.1%
Q1 2025-21.9%-28.8%-29.6%
Q4 2024+32.2%+30.7%+17.0%
Q3 2024-7.7%+5.2%-4.7%
Q2 2024-8.1%-15.4%+3.7%
Q1 2024+23.3%+21.9%-4.7%
Q4 2023-17.7%-27.9%-36.1%
Q3 2023+6.9%+20.7%+34.2%
Q2 2023-4.1%-8.0%-26.0%
Q1 2023+1.1%-0.2%-1.5%
Q4 2022+20.8%+26.0%+27.1%
Q3 2022-64.7%-61.1%-52.3%
Q2 2022+9.2%+19.9%+5.7%
Q1 2022+0.6%-23.6%-23.9%
Q4 2021-6.9%-2.5%-12.5%
Q3 2021+7.1%+12.6%-23.7%
Q2 2020-7.6%-10.9%-1.6%
Q2 2021+0.1%+6.0%+3.3%
Q1 2020-5.8%-5.3%+9.9%
Q1 2021-8.7%-9.6%-10.3%
Q4 2020-4.1%-3.4%-20.2%
Q3 2020-4.9%-3.4%+5.6%
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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