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Pulmonx profit margin LUNG

Gross, operating and net profit as a share of revenue over the last twelve months, from 2019.

Net margin, 12 months
−55.0%
Operating margin, 12 months
−53.0%
Net margin on a year earlier
+7.9 pts
Peer median
6.9%

Over the twelve months to Jun 30, 2026, Pulmonx kept −55.0% of its revenue as net profit, with an operating margin of −53.0% and a gross margin of 77.1%.

Five years earlier its net margin was −92.2%.

The median for 10 medical instruments and supplies stocks of a similar size is 6.9%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025−59.7%−59.3%74.2%
FY2024−67.3%−68.9%74.0%
FY2023−88.6%−90.2%73.9%
FY2022n/an/a74.3%
FY2021n/a−97.7%73.6%
FY2020−98.5%−98.8%64.8%
FY2019−63.5%n/a68.8%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY26−55.0%+7.9 pts−53.0%
Q1 FY26−60.1%+5.2 pts−58.8%
Q4 FY25−59.7%+7.6 pts−59.3%
Q3 FY25−61.9%+10.1 pts−62.4%
Q2 FY25−62.9%+12.7 pts−62.9%
Q1 FY25−65.3%+15.2 pts−66.0%
Q4 FY24−67.3%+21.3 pts−68.9%
Q3 FY24−72.0%+22.5 pts−73.4%
Q2 FY24−75.6%+24.2 pts−77.4%
Q1 FY24−80.5%n/a−82.3%
Q4 FY23−88.6%n/a−90.2%
Q3 FY23−94.5%n/a−96.6%

Against its peers

Companies in Medical - Instruments & Supplies nearest Pulmonx's size, closest first, today.

Where Pulmonx ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Pulmonx

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.