Pulmatrix, Inc. (PULM) 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 | -1.07M | -706K | -1.03M | -1.88M | -1.81M | -1.26M | -3.06M | -3.68M | -2.72M | -2.01M | -4.14M | -4.9M | -4.93M | -5.05M | -3.6M | -4.56M | -6.14M | -4.4M | -3.31M | -6.52M |
| Operating CF Margin % | - | - | - | - | - | -42033.33% | -835.79% | -236.92% | -46.2% | -91.33% | -236.28% | -265.94% | -328.75% | -295.43% | -192.52% | -342.75% | -529.66% | -964.04% | -309.82% | -289.44% |
| Operating CF Growth % | 41.15% | 44.01% | 66.3% | 48.79% | 33.32% | 37.29% | 26.15% | 25.02% | 44.83% | 60.15% | -14.93% | -7.5% | 19.79% | -14.79% | -8.82% | 30.07% | -11.81% | -58.81% | 39.95% | -30.53% |
| Net Income | -1.17M | -928K | -877K | -1.55M | -1.81M | -1.99M | -2.59M | -5.81M | 825K | -2.08M | -3.77M | -3.82M | -4.45M | -4.22M | -5.05M | -4.59M | -4.97M | -4.03M | -8.18M | -3.85M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 161K | 274K | 208K | 426K | 440K | 401K | 389K | 388K | 391K | 377K | 374K | 293K | 279K |
| Stock-Based Compensation | 3K | 5K | 6K | 6K | 8K | 13K | 197K | 103K | 198K | 197K | 206K | 255K | 296K | 279K | 277K | 277K | 281K | 247K | 284K | 299K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 508K | 0 | -512K | 0 | 19.36M | 0 | 0 | 0 | 5.53M | 0 | 0 |
| Other Non-Cash Items | 0 | 0 | 0 | -274K | -218K | 67K | -5.43M | 2.62M | 0 | -508K | 8K | 512K | 0 | -19.36M | 0 | 0 | 0 | -5.53M | 3.58M | 0 |
| Working Capital Changes | 102K | 217K | -160K | -66K | 205K | 645K | 4.76M | -748K | -4.02M | -333K | -1.01M | -1.78M | -1.18M | -1.5M | 783K | -635K | -1.83M | -986K | 718K | -3.25M |
| Change in Receivables | 0 | 0 | 0 | 16K | -16K | 23K | 612K | -65K | 358K | -87K | -423K | 322K | 558K | -822K | 169K | 468K | -1.05M | -58K | 1.76M | -1.68M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17K | -1.83M | 0 | 0 | 0 | 0 | 0 | -440K | 566K | -1.59M |
| Change in Payables | 379K | 203K | -315K | 0 | 0 | 436K | -20K | -328K | -1.19M | 1.21M | -172K | 301K | -610K | 33K | 427K | -466K | 517K | -99K | -545K | 517K |
| Cash from Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -244K | -154K | -305K | -313K | -58K | 0 | -9K | 0 | -67K | -10K | -26K | -100K | -18K |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -244K | -154K | -305K | -313K | -58K | 0 | -9K | 0 | -67K | -10K | -26K | -100K | -18K |
| CapEx % of Revenue | - | - | - | - | - | - | - | 15.72% | 2.62% | 13.85% | 17.86% | 3.15% | - | 0.53% | - | 5.03% | 0.86% | 5.7% | 9.35% | 0.8% |
| 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 | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53K | 0 | 1.38M | 0 | -152K | 6.19M | 0 | 0 |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53K | 0 | 1.38M | 0 | -152K | 6.19M | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.2M | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.2M | 0 | 0 |
| Net Change in Cash | -67K | -706K | -1.03M | -1.88M | -1.81M | -1.26M | -3.06M | -2.5M | -2.87M | -2.32M | -4.46M | -4.96M | -4.88M | -5.05M | -2.22M | -4.63M | -6.31M | 1.77M | -3.41M | -6.54M |
| Free Cash Flow | -1.07M | -706K | -1.03M | -1.88M | -1.81M | -1.26M | -3.06M | -3.92M | -2.87M | -2.32M | -4.46M | -4.96M | -4.93M | -5.05M | -3.6M | -4.63M | -6.15M | -4.42M | -3.41M | -6.54M |
| FCF Margin % | - | - | - | - | - | -42033.33% | -835.79% | -252.64% | -48.82% | -105.18% | -254.14% | -269.09% | -328.75% | -295.96% | -192.52% | -347.78% | -530.52% | -969.74% | -319.18% | -290.24% |
| FCF Growth % | 41.15% | 44.01% | 66.3% | 51.98% | 36.9% | 45.55% | 31.34% | 20.98% | 41.7% | 54.18% | -23.61% | -7.19% | 19.92% | -14.31% | -5.63% | 29.24% | -12.3% | -55.1% | 39.23% | -30.84% |
| FCF per Share | -0.29 | -0.19 | -0.28 | -0.52 | -0.50 | -0.35 | -0.84 | -1.07 | -0.79 | -0.63 | -1.22 | -1.36 | -1.35 | -1.39 | -1.04 | -1.37 | -1.87 | -1.54 | -1.21 | -2.33 |
| FCF Conversion (FCF/Net Income) | 0.91x | 0.76x | 1.18x | 1.22x | 1.00x | 0.63x | 1.18x | 0.63x | -3.30x | 0.97x | 1.10x | 1.29x | 1.11x | 1.20x | 0.71x | 0.99x | 1.24x | 1.09x | 0.40x | 1.69x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |