Export financials
Pulmatrix (PULM)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.

Pulmatrix Income Statement 2026-2011 | PULM
Brief overview of profit and loss at Pulmatrix
The comparison covers a five-year financial horizon. Pulmatrix reported revenue of 7.9 million dollars in 2019 and 7.8 million dollars by 2024. Overall revenue changed by −1.3%, equal to an annualized rate of about −0.3%. The business did not achieve meaningful top-line expansion.
EBITDA was −12.7 million dollars at the beginning and −9.7 million dollars at the end of the period (+23.7%). EBITDA grew faster than revenue, indicating positive operating leverage. EBITDA margin moved from −160% to −123.7%. The business generated more EBITDA from each unit of revenue.
The final result was −20.6 million dollars initially and −9.6 million dollars in the final year. The loss narrowed, although sustainable profitability has not yet returned.
Financial takeaway
The financial profile remains mixed, with strengths and risks moving in different directions. The positive side is supported by a stronger final result and positive operating leverage. Caution is warranted because of a low EBITDA margin and limited revenue growth. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Pulmatrix
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
5.08 B | 10.8 M | 10.8 M | 6.39 M | 10.8 B | 16.7 M | 47.8 M | 29.3 M | 7.39 M | 37.2 M | 39.3 M | 16.2 M | 13.9 M | - | - | - |
Shares |
3.65 B | 3.65 M | 3.65 M | 3.65 M | 3.45 B | 2.71 M | 33.9 M | 16.7 M | 4.13 M | 1.94 M | 1.48 M | 193 K | 81.5 K | - | - | - |
Historical Prices |
1.39 | 2.97 | 2.97 | 1.75 | 3.14 | 6.18 | 30.8 | 32 | 20.8 | 280 | 820 | 570 | 1.94 K | - | - | - |
Net Income |
-1.17 M | -5.16 M | -9.56 M | -14.1 M | -18.8 M | -20.2 M | -19.3 K | -20.6 M | -20.6 M | -18.1 M | -27.8 M | -6.69 M | -3.12 M | -523 K | -30 K | - |
Revenue |
- | - | 7.81 M | 7.3 M | 6.07 M | 5.17 M | 12.6 K | 7.91 M | 153 K | 335 K | 835 K | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | 12.6 K | - | - | - | - | - | - | - | - | - |
Operating Income |
-1.29 M | -5.17 M | -9.76 M | -14.7 M | -18.9 M | -20.2 M | -9.86 M | -20.7 M | -20.4 M | -17.5 M | -24.9 M | -23 M | -9.08 M | - | - | - |
Interest Expense |
108 K | -204 K | -196 K | -248 K | -198 K | -11 K | -239 K | -5 K | 186 K | 643 K | 881 K | 953 K | 15.3 M | - | - | - |
EBITDA |
-1.29 M | -5.17 M | -9.66 M | -14.6 M | -18.8 M | -20 M | -9.65 K | -12.7 M | -20.1 M | -17.2 M | -17.1 M | -6.71 M | -3.12 M | -523 K | -30 K | - |
Operating Expenses |
1.29 M | 5.17 M | 17.6 M | 22 M | 25 M | 25.3 M | 22.5 K | 21.3 M | 20.5 M | 17.8 M | 18.2 M | 6.71 M | 3.12 M | 523 K | 30 K | - |
General and Administrative Expenses |
1.29 M | 5.13 M | 7.78 M | 6.52 M | 6.78 M | 6.38 M | 6.89 K | 8.49 M | 7.52 M | 7.57 M | 8.02 M | 4.53 M | 1.74 M | 265 K | - | - |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Income Statement Pulmatrix
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
3.65 B | 3.65 M | - | 3.65 M | 3.65 M | 3.65 M | 3.65 M | 3.65 M | 3.65 M | 3.65 M | 3.65 M | 3.65 M | 3.65 M | 3.65 M | 3.64 M | 3.48 B | 3.37 B | 3.3 M | 3.22 M | 2.81 M | 2.81 M | 46 M | 1.81 M | 33.9 M | 24.4 M | 20.5 M | 20 M | 20.3 M | 19.2 M | 6.94 M | 2.19 M | 4.69 M | 4.61 M | 21.9 M | 2.1 M | 20.2 M | 19.6 M | 16.8 M | 14.9 M | 14.9 M | 14.8 M | 14.8 M | 14.7 M | 14.7 M | 2.58 M | 189 K | 4.85 M | 187 K | 3.15 M | 4.65 M | 2 M | 2 M | 2 M | - | - | - | - | - | - | - | - | - |
Net Income |
-1.55 M | -1.17 M | - | -877 K | -1.55 M | -1.81 M | - | -2.59 M | -5.81 M | 825 K | - | -3.77 M | -3.82 M | -4.45 M | - | -5.05 M | -4.6 M | -4.97 M | - | -8.18 M | -3.85 M | -4.1 M | - | -10.6 M | -1.17 M | -4.69 M | - | -3.56 M | -7.84 M | -5.16 M | -5.22 M | -4.82 M | -6.19 M | -5.22 M | - | -4.45 M | -5.6 M | -3.48 M | - | -3.16 M | -9.19 M | -5.67 M | - | -4.93 M | -14.9 M | -1.8 M | -1.71 M | -11.1 M | -6.94 M | - | -658 K | -2.13 M | -1.47 M | - | - | - | - | - | - | - | - | - |
Revenue |
- | - | - | - | - | - | - | 366 K | 1.55 M | 5.88 M | - | 1.75 M | 1.84 M | 1.5 M | - | 1.87 M | 1.33 M | 1.16 M | - | 1.07 M | 2.25 M | 1.39 M | - | 4.37 M | 3.5 M | 2.76 M | - | 1.41 M | 4.82 M | - | 153 K | 153 K | - | 153 K | - | 335 K | - | - | - | 61 K | 260 K | 396 K | - | 651 K | 170 K | 105 K | - | 30 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-1.55 M | -1.29 M | - | -866 K | -1.55 M | -1.85 M | - | -2.66 M | -5.9 M | 747 K | - | -3.94 M | -3.99 M | -4.58 M | - | -5.1 M | -4.56 M | -4.96 M | - | -8.19 M | -3.85 M | -4.08 M | - | -1.28 M | -1.17 M | -4.74 M | - | -3.68 M | -7.95 M | -4.96 M | -5.11 M | -4.82 M | -6.13 M | -5.11 M | - | -4.3 M | -5.43 M | -3.31 M | - | -3 M | -8.97 M | -5.44 M | - | -4.66 M | -11.3 M | -2.75 M | -1.72 M | -2.59 M | -2.45 M | - | -658 K | -2.13 M | -1.47 M | - | - | - | - | - | - | - | - | - |
Interest Expense |
-43 K | 108 K | - | -41 K | -43 K | -80 K | - | -31 K | -43 K | -82 K | - | -52 K | -61 K | -85 K | - | -54 K | -51 K | -11 K | - | 5 K | 2 K | -22 K | - | -10 K | -9 K | -1 K | - | -2 K | 1 K | -3 K | 106 K | 186 K | 80 K | 106 K | - | 153 K | 172 K | 187 K | - | 225 K | 224 K | 223 K | - | 220 K | 327 K | 184 K | - | 7.88 M | 5.61 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-1.55 M | -1.29 M | - | - | - | - | - | - | - | 806 K | - | - | - | -4.55 M | - | -4.98 M | -4.48 M | -4.93 M | - | -8.06 M | -3.76 M | -4.03 M | - | -1.12 M | -1.07 M | -4.69 M | - | -3.54 M | -7.85 M | -4.91 M | -5.11 M | -4.65 M | -6.01 M | -5.05 M | - | -4.12 M | -5.3 M | -3.25 M | - | -2.81 M | -8.85 M | -5.38 M | - | -4.48 M | -11.2 M | -2.68 M | -1.72 M | -2.35 M | -2.29 M | - | -658 K | -2.13 M | -1.47 M | - | - | - | - | - | - | - | - | - |
Operating Expenses |
1.55 M | 1.29 M | - | 866 K | 1.55 M | 1.85 M | - | 3.02 M | 7.45 M | 5.14 M | - | 5.69 M | 5.84 M | 6.08 M | - | 6.97 M | 5.89 M | 6.12 M | - | 9.26 M | 6.1 M | 5.48 M | - | 5.65 M | 4.67 M | 7.5 M | - | 5.08 M | 12.8 M | 4.96 M | 5.27 M | 4.82 M | 6.13 M | 5.27 M | - | 4.64 M | 5.43 M | 3.31 M | - | 3.06 M | 9.23 M | 5.84 M | - | 5.31 M | 11.5 M | 2.85 M | 1.72 M | 2.62 M | 2.45 M | - | 658 K | 2.13 M | 1.47 M | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
1.53 M | 1.29 M | - | 858 K | 1.53 M | 1.83 M | - | 2.21 M | 2 M | 1.63 M | - | 1.73 M | 1.67 M | 2.21 M | - | 1.68 M | 1.55 M | 1.97 M | - | 1.66 M | 1.56 M | 1.62 M | - | 1.78 M | 1.49 M | 2.21 M | - | 1.78 M | 3.13 M | 1.99 M | 2.05 M | 1.77 M | 2.12 M | 2.05 M | - | 2.02 M | 2.07 M | 1.64 M | - | 1.55 M | 2.21 M | 2.41 M | - | 3.12 M | 9.88 M | 1.93 M | 1.1 M | 695 K | 722 K | - | 263 K | 1.06 M | 801 K | - | - | - | - | - | - | - | - | - |
Quarterly performance
Select metrics to display
All numbers in USD currency
The income statement is one of the three key financial reports of a company Pulmatrix (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.