Pulmonx Corporation (LUNG) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -10.1M | -7.08M | -8.16M | -3.96M | -13.22M | -6.73M | -7.24M | -5.77M | -11.79M | -8.45M | -8.63M | -7.89M | -12.64M | -9.86M | -10.69M | -9.56M | -15.03M | -10.71M | -8.31M | -12.69M |
| Operating CF Margin % | -49.05% | -31.35% | -37.96% | -16.58% | -58.67% | -28.32% | -35.52% | -27.76% | -62.56% | -43.83% | -48.82% | -45.89% | -86.99% | -63.92% | -79.15% | -68.56% | -139.32% | -78.14% | -62.7% | -103.99% |
| Operating CF Growth % | 23.63% | -5.26% | -12.7% | 31.46% | -12.1% | 20.35% | 16.04% | 26.88% | 6.71% | 14.3% | 19.29% | 17.49% | 15.85% | 7.95% | -28.53% | 24.63% | -54.88% | -47.49% | -42.65% | -64.96% |
| Net Income | -13.65M | -10.43M | -13.96M | -15.17M | -14.45M | -13.18M | -14.14M | -15.33M | -13.75M | -13.89M | -14.9M | -16.2M | -15.86M | -14.28M | -14.17M | -14.64M | -15.83M | -13.01M | -10.18M | -12.96M |
| Depreciation & Amortization | 320K | 231K | 246K | 399K | 278K | 294K | 376K | 400K | 423K | 387K | 415K | 1.08M | 437K | 912K | 383K | 390K | 368K | 374K | 206K | 146K |
| Stock-Based Compensation | 0 | 0 | 5.17M | 0 | 5.61M | 5.52M | 5.84M | 5.92M | 5.67M | 0 | 6M | 0 | 4.64M | 0 | 4.3M | 4.38M | 3.51M | 5.35M | 2.94M | 2.31M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 4.82M | 4.79M | 511K | 6.15M | 119K | -161K | -138K | 1.92M | 487K | 5.47M | 877K | 5.75M | 735K | 4.33M | 846K | 331K | 699K | -1.48M | 970K | 826K |
| Working Capital Changes | -1.58M | -1.68M | -128K | 4.67M | -4.78M | 789K | 825K | 1.31M | -4.63M | -422K | -1.02M | 1.48M | -2.59M | -865K | -2.05M | -28K | -3.78M | -1.95M | -2.25M | -3.01M |
| Change in Receivables | 1.2M | 1.61M | 1.41M | -1.22M | -721K | -1.74M | -359K | -571K | 1.36M | -1.76M | -1.16M | -715K | 531K | -1.28M | 167K | -796K | -277K | 387K | -87K | -1.72M |
| Change in Inventory | -959K | -810K | -1.02M | 660K | 406K | -153K | 596K | 412K | -1.08M | 1.35M | -164K | 337K | -604K | 536K | -1.14M | -1.01M | -2.02M | -1.45M | -1.88M | -1.5M |
| Change in Payables | -430K | -2.5M | 121K | 2.14M | 505K | -700K | 1.35M | -5K | 1.64M | -1.7M | 1M | -518K | 868K | -830K | 15K | 0 | 1.26M | -2.82M | 2.61M | -9K |
| Cash from Investing | -9K | -13K | 8.71M | 5.47M | 16.31M | 14.07M | 6.75M | -835K | -2.51M | -2.75M | 987K | -813K | 574K | -727K | 44K | 2.08M | -5.62M | -29.12M | -3.41M | -1.19M |
| Capital Expenditures | -9K | -13K | -89K | -49K | -301K | -111K | -416K | -469K | -451K | -200K | -492K | -54K | -61K | -176K | -279K | -299K | -564K | -1.15M | -1.62M | -661K |
| CapEx % of Revenue | 0.04% | 0.06% | 0.41% | 0.21% | 1.34% | 0.47% | 2.04% | 2.26% | 2.39% | 1.04% | 2.78% | 0.31% | 0.42% | 1.14% | 2.07% | 2.14% | 5.23% | 8.37% | 12.22% | 5.42% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 2.03M | 55K | 181K | -20K | 664K | 62K | 459K | -22K | 864K | 17K | 571K | 92K | 20.72M | 120K | 906K | 131K | 1.31M | 150K | 1M | 3.29M |
| Debt Issued (Net) | 1.78M | -51K | -1K | -48K | 0 | -49K | 0 | -46K | 0 | -47K | 0 | -47K | 20M | -43K | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 241K | 106K | 0 | 28K | 0 | 0 | 0 | 24K | 0 | 64K | 0 | 139K | 0 | 163K | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 182K | 0 | 664K | 111K | 459K | 0 | 864K | 0 | 571K | 0 | 720K | 0 | 906K | 131K | 1.31M | 150K | 1M | 3.29M |
| Net Change in Cash | -8.18M | -6.8M | 1.08M | 913K | 3.65M | 7.59M | -151K | -6.67M | -13.39M | -11.4M | -6.87M | -8.59M | 8.67M | -10.67M | -9.54M | -7.22M | -19.31M | -39.59M | -10.63M | -10.58M |
| Free Cash Flow | -10.11M | -7.1M | -8.25M | -4M | -13.52M | -6.84M | -7.66M | -6.24M | -12.25M | -8.65M | -9.12M | -7.95M | -12.71M | -10.04M | -10.97M | -9.86M | -15.59M | -11.86M | -9.94M | -13.35M |
| FCF Margin % | -49.09% | -31.41% | -38.37% | -16.78% | -60% | -28.79% | -37.56% | -30.02% | -64.95% | -44.86% | -51.61% | -46.21% | -87.41% | -65.06% | -81.22% | -70.7% | -144.55% | -86.51% | -74.92% | -109.41% |
| FCF Growth % | 25.27% | -3.74% | -7.74% | 35.82% | -10.43% | 20.9% | 16.01% | 21.47% | 3.61% | 13.81% | 16.85% | 19.45% | 18.51% | 15.38% | -10.38% | 26.13% | -56.78% | -49.08% | -68.25% | -72.18% |
| FCF per Share | -0.24 | -0.17 | -0.20 | -0.10 | -0.34 | -0.17 | -0.19 | -0.16 | -0.32 | -0.23 | -0.24 | -0.21 | -0.34 | -0.27 | -0.29 | -0.27 | -0.42 | -0.32 | -0.27 | -0.37 |
| FCF Conversion (FCF/Net Income) | 0.74x | 0.68x | 0.58x | 0.26x | 0.92x | 0.51x | 0.51x | 0.38x | 0.86x | 0.61x | 0.58x | 0.49x | 0.80x | 0.69x | 0.75x | 0.65x | 0.95x | 0.82x | 0.82x | 0.98x |
| Interest Paid | 0 | 0 | 792K | 0 | 788K | 821K | 883K | 0 | 875K | 0 | 872K | 0 | 356K | 0 | 253K | 197K | 178K | 120K | 242K | 182K |
| Taxes Paid | 0 | 0 | 150K | 0 | 109K | 95K | 185K | 0 | 170K | 0 | 162K | 0 | 92K | 0 | 109K | 0 | 29K | 39K | 57K | 203K |