Pulmatrix annual operating expenses
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Pulmatrix Operating Expenses Growth & History (PULM)
Pulmatrix's operating expenses was $5.2M for fiscal 2025.
View full Pulmatrix company overviewPulmatrix annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $5.2M | −$12.4M | −70.58% |
| 2024 | 2024-12-31 | $17.6M | −$4.5M | −20.28% |
| 2023 | 2023-12-31 | $22.0M | −$3.0M | −11.91% |
| 2022 | 2022-12-31 | $25.0M | −$318,000 | −1.26% |
| 2021 | 2021-12-31 | $25.3M | $2.8M | +12.62% |
| 2020 | 2020-12-31 | $22.5M | −$6.1M | −21.35% |
| 2019 | 2019-12-31 | $28.6M | $8.0M | +39.16% |
| 2018 | 2018-12-31 | $20.6M | $2.7M | +15.40% |
| 2017 | 2017-12-31 | $17.8M | −$7.9M | −30.70% |
| 2016 | 2016-12-31 | $25.7M | $1.5M | +6.12% |
| 2015 · Dec 31 | 2015-12-31 | $24.2M | $14.8M | +156.88% |
| 2015 · Mar 31 | 2015-03-31 | $6.7M | $3.6M | +115.14% |
| 2014 · Dec 31 | 2014-12-31 | $9.4M | — | — |
| 2014 · Mar 31 | 2014-03-31 | $3.1M | — | — |
Pulmatrix quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.0M | −$502,000 | −32.43% |
| Q1 2026 | 2026-03-31 | $1.3M | −$555,000 | −30.05% |
| Q4 2025 | 2025-12-31 | $908,000 | −$1.0M | −53.55% |
| Q3 2025 | 2025-09-30 | $866,000 | −$2.2M | −71.35% |
| Q2 2025 | 2025-06-30 | $1.5M | −$5.9M | −79.23% |
| Q1 2025 | 2025-03-31 | $1.8M | −$3.3M | −64.05% |
| Q4 2024 | 2024-12-31 | $2.0M | −$2.5M | −55.84% |
| Q3 2024 | 2024-09-30 | $3.0M | −$2.7M | −46.89% |
| Q2 2024 | 2024-06-30 | $7.5M | $1.6M | +27.73% |
| Q1 2024 | 2024-03-31 | $5.1M | −$946,000 | −15.55% |
| Q4 2023 | 2023-12-31 | $4.4M | −$1.6M | −26.62% |
| Q3 2023 | 2023-09-30 | $5.7M | −$1.3M | −18.36% |
| Q2 2023 | 2023-06-30 | $5.8M | −$55,000 | −0.93% |
| Q1 2023 | 2023-03-31 | $6.1M | −$39,000 | −0.64% |
| Q4 2022 | 2022-12-31 | $6.0M | $1.5M | +34.10% |
| Q3 2022 | 2022-09-30 | $7.0M | −$2.3M | −24.70% |
| Q2 2022 | 2022-06-30 | $5.9M | −$213,000 | −3.49% |
| Q1 2022 | 2022-03-31 | $6.1M | $648,000 | +11.84% |
| Q4 2021 | 2021-12-31 | $4.5M | −$175,000 | −3.74% |
| Q3 2021 | 2021-09-30 | $9.3M | $3.6M | +63.91% |
| Q2 2021 | 2021-06-30 | $6.1M | $1.4M | +30.57% |
| Q1 2021 | 2021-03-31 | $5.5M | −$2.0M | −26.99% |
| Q4 2020 | 2020-12-31 | $4.7M | −$1.1M | −19.37% |
| Q3 2020 | 2020-09-30 | $5.6M | $567,000 | +11.16% |
| Q2 2020 | 2020-06-30 | $4.7M | −$8.1M | −63.39% |
| Q1 2020 | 2020-03-31 | $7.5M | $2.5M | +51.28% |
| Q4 2019 | 2019-12-31 | $5.8M | $530,000 | +10.06% |
| Q3 2019 | 2019-09-30 | $5.1M | $257,000 | +5.33% |
| Q2 2019 | 2019-06-30 | $12.8M | $6.6M | +108.32% |
| Q1 2019 | 2019-03-31 | $5.0M | −$310,000 | −5.89% |
| Q4 2018 | 2018-12-31 | $5.3M | $837,000 | +18.89% |
| Q3 2018 | 2018-09-30 | $4.8M | $186,000 | +4.01% |
| Q2 2018 | 2018-06-30 | $6.1M | $699,000 | +12.88% |
| Q1 2018 | 2018-03-31 | $5.3M | $2.0M | +59.03% |
| Q4 2017 | 2017-12-31 | $4.4M | −$3.1M | −41.52% |
| Q3 2017 | 2017-09-30 | $4.6M | $1.6M | +51.75% |
| Q2 2017 | 2017-06-30 | $5.4M | −$3.8M | −41.18% |
| Q1 2017 | 2017-03-31 | $3.3M | −$2.5M | −43.28% |
| Q4 2016 | 2016-12-31 | $7.6M | $3.0M | +65.90% |
| Q3 2016 | 2016-09-30 | $3.1M | −$2.3M | −42.45% |
| Q2 2016 · Jun 30 | 2016-06-30 | $9.2M | −$2.3M | −19.66% |
| Q1 2016 · Mar 31 | 2016-03-31 | $5.8M | $3.0M | +104.73% |
| Q4 2015 | 2015-12-31 | $4.6M | $2.9M | +166.08% |
| Q2 2016 · Sep 30 | 2015-09-30 | $5.3M | $2.7M | +102.44% |
| Q1 2016 · Jun 30 | 2015-06-30 | $11.5M | $9.0M | +368.75% |
| Q4 2015 | 2015-03-31 | $2.9M | $1.9M | +188.37% |
| Q4 2014 | 2014-12-31 | $1.7M | $1.1M | +160.79% |
| Q2 2015 | 2014-09-30 | $2.6M | $1.6M | +163.98% |
| Q1 2015 | 2014-06-30 | $2.5M | $2.0M | +413.84% |
| Q4 2014 | 2014-03-31 | $989,000 | — | — |
| Q3 2014 | 2013-12-31 | $658,000 | — | — |
| Q2 2014 | 2013-09-30 | $994,000 | — | — |
| Q1 2014 | 2013-06-30 | $477,000 | — | — |
Pulmatrix operating expenses trends
Over the last five fiscal years, Pulmatrix's operating expenses decreased from $22.5M to $5.2M, a change of −$17.3M. The latest reported quarter, Q2 2026, shows $1.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Pulmatrix source filings ↗