Pulmatrix annual r&d spending
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Pulmatrix R&D Spending Growth & History (PULM)
Pulmatrix's r&d spending was $38,000 for fiscal 2025.
View full Pulmatrix company overviewPulmatrix annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $38,000 | −$7.1M | −99.47% |
| 2024 | 2024-12-31 | $7.2M | −$8.4M | −53.82% |
| 2023 | 2023-12-31 | $15.5M | −$2.7M | −14.92% |
| 2022 | 2022-12-31 | $18.2M | $2.9M | +18.58% |
| 2021 | 2021-12-31 | $15.4M | −$227,000 | −1.45% |
| 2020 | 2020-12-31 | $15.6M | $2.8M | +21.52% |
| 2019 | 2019-12-31 | $12.8M | −$121,000 | −0.93% |
| 2018 | 2018-12-31 | $13.0M | $2.7M | +26.58% |
| 2017 | 2017-12-31 | $10.2M | $91,000 | +0.90% |
| 2016 | 2016-12-31 | $10.2M | $3.0M | +41.26% |
| 2015 · Dec 31 | 2015-12-31 | $7.2M | $597,000 | +9.06% |
| 2015 · Mar 31 | 2015-03-31 | $2.2M | $796,000 | +57.60% |
| 2014 · Dec 31 | 2014-12-31 | $6.6M | — | — |
| 2014 · Mar 31 | 2014-03-31 | $1.4M | — | — |
Pulmatrix quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $2,000 | −$12,000 | −85.71% |
| Q1 2026 | 2026-03-31 | $3,000 | −$16,000 | −84.21% |
| Q4 2025 | 2025-12-31 | −$3,000 | −$9,000 | — |
| Q3 2025 | 2025-09-30 | $8,000 | −$806,000 | −99.02% |
| Q2 2025 | 2025-06-30 | $14,000 | −$2.8M | −99.51% |
| Q1 2025 | 2025-03-31 | $19,000 | −$3.5M | −99.46% |
| Q4 2024 | 2024-12-31 | $6,000 | −$3.5M | −99.83% |
| Q3 2024 | 2024-09-30 | $814,000 | −$3.1M | −79.46% |
| Q2 2024 | 2024-06-30 | $2.8M | −$1.3M | −31.96% |
| Q1 2024 | 2024-03-31 | $3.5M | −$362,000 | −9.34% |
| Q4 2023 | 2023-12-31 | $3.5M | −$951,000 | −21.29% |
| Q3 2023 | 2023-09-30 | $4.0M | −$1.3M | −25.04% |
| Q2 2023 | 2023-06-30 | $4.2M | −$172,000 | −3.97% |
| Q1 2023 | 2023-03-31 | $3.9M | −$275,000 | −6.63% |
| Q4 2022 | 2022-12-31 | $4.5M | $1.5M | +50.96% |
| Q3 2022 | 2022-09-30 | $5.3M | $1.3M | +31.32% |
| Q2 2022 | 2022-06-30 | $4.3M | −$204,000 | −4.49% |
| Q1 2022 | 2022-03-31 | $4.1M | $293,000 | +7.60% |
| Q4 2021 | 2021-12-31 | $3.0M | −$306,000 | −9.37% |
| Q3 2021 | 2021-09-30 | $4.0M | $153,000 | +3.95% |
| Q2 2021 | 2021-06-30 | $4.5M | $1.4M | +42.62% |
| Q1 2021 | 2021-03-31 | $3.9M | −$1.4M | −27.07% |
| Q4 2020 | 2020-12-31 | $3.3M | −$943,000 | −22.41% |
| Q3 2020 | 2020-09-30 | $3.9M | $576,000 | +17.47% |
| Q2 2020 | 2020-06-30 | $3.2M | $20,000 | +0.63% |
| Q1 2020 | 2020-03-31 | $5.3M | $3.1M | +142.97% |
| Q4 2019 | 2019-12-31 | $4.2M | $987,000 | +30.64% |
| Q3 2019 | 2019-09-30 | $3.3M | $241,000 | +7.89% |
| Q2 2019 | 2019-06-30 | $3.2M | −$849,000 | −21.16% |
| Q1 2019 | 2019-03-31 | $2.2M | −$1.0M | −32.44% |
| Q4 2018 | 2018-12-31 | $3.2M | $631,000 | +24.36% |
| Q3 2018 | 2018-09-30 | $3.1M | $438,000 | +16.73% |
| Q2 2018 | 2018-06-30 | $4.0M | $650,000 | +19.33% |
| Q1 2018 | 2018-03-31 | $3.2M | $1.5M | +92.64% |
| Q4 2017 | 2017-12-31 | $2.6M | −$184,000 | −6.63% |
| Q3 2017 | 2017-09-30 | $2.6M | $1.1M | +73.72% |
| Q2 2017 | 2017-06-30 | $3.4M | $922,000 | +37.77% |
| Q1 2017 | 2017-03-31 | $1.7M | −$1.8M | −51.25% |
| Q4 2016 | 2016-12-31 | $2.8M | $308,000 | +12.49% |
| Q3 2016 | 2016-09-30 | $1.5M | −$686,000 | −31.28% |
| Q2 2016 · Jun 30 | 2016-06-30 | $2.4M | $831,000 | +51.61% |
| Q1 2016 · Mar 31 | 2016-03-31 | $3.4M | $2.5M | +273.64% |
| Q4 2015 | 2015-12-31 | $2.5M | $1.8M | +298.38% |
| Q2 2016 · Sep 30 | 2015-09-30 | $2.2M | $264,000 | +13.69% |
| Q1 2016 · Jun 30 | 2015-06-30 | $1.6M | −$119,000 | −6.88% |
| Q4 2015 | 2015-03-31 | $918,000 | $601,000 | +189.59% |
| Q4 2014 | 2014-12-31 | $619,000 | $224,000 | +56.71% |
| Q2 2015 | 2014-09-30 | $1.9M | $1.4M | +289.70% |
| Q1 2015 | 2014-06-30 | $1.7M | $1.6M | +888.00% |
| Q4 2014 | 2014-03-31 | $317,000 | — | — |
| Q3 2014 | 2013-12-31 | $395,000 | — | — |
| Q2 2014 | 2013-09-30 | $495,000 | — | — |
| Q1 2014 | 2013-06-30 | $175,000 | — | — |
Pulmatrix r&d spending trends
Over the last five fiscal years, Pulmatrix's r&d spending decreased from $15.6M to $38,000, a change of −$15.6M. The latest reported quarter, Q2 2026, shows $2,000.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Pulmatrix source filings ↗