NASDAQ$LUNG

Pulmonx Corporation · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

LUNG reported Q3 2025 revenue of $21.5M, a net loss of $34.0M, diluted EPS of $-0.34.

For Q3 2025, LUNG reported Revenue was $21.5M, net loss was $34.0M, diluted EPS was $-0.34. The filing discusses operating performance, liquidity, and outlook in MD&A.

  • Revenue $21.5M for Q3 2025.
  • Net loss $34.0M.
  • Diluted EPS $-0.34.

Headline financials

Total Revenue

$21.5M

Previous: $20.4M+5.5%
EPS (adj)

-$0.34

Previous: -$0.36+5.6%
Gross Margin

75.0%

Previous: 74.0%+1.4%
Adjusted EBITDA Loss

$8.22M

Previous: $8.12M+1.3%
Capital Expenditures

-$439K

Previous: -$1.34M+67.1%
Net Income

-$14M

Previous: -$14.1M+1.3%
Operating Income

-$14.4M

Previous: -$14.1M-1.9%
Gross Profit

$16.1M

Previous: $15M+6.8%

Revenue & EPS history

Pulmonx · Revenue · Quarterly

$21.5M

Q3 2025+5.5%vs Q3 2024
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

Outlook focuses on cash runway, pipeline milestones, and cost discipline as the company works toward profitability.

Tailwinds

  • Cash and equivalents support operations into upcoming milestones.
  • Clinical or product pipeline progress noted in MD&A.

Headwinds

  • Ongoing operating losses and R&D spend pressure near-term earnings.
  • Financing, dilution, or partnership timing may affect liquidity.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-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
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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