Flagship explainer

How PULMONX CORPORATION makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$90.5M · 100%Cost of revenue$23.4M · 26%Gross profit$67.1M · 74%Operating income−$53.7M · −59%Income before tax−$53.4M · −59%Income tax$626000 · 1%Net income−$54M · −60%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$90.5M100%
Cost of revenue$23.4M26%
$67.1M74%
−$53.7M−59%
Income before tax−$53.4M−59%
Income tax$6260001%
−$54M−60%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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