10-Q quarterly report · filed Aug 4, 2026

Pulmonx Corp (LUNG) Q2 2026 10-Q Quarterly Report

Short answer

Pulmonx Corp (LUNG) filed its Q2 2026 10-Q quarterly report on Aug 4, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $23M (down 4.6% year over year) with net income of −$10M.

Q2 2026 key financials · XBRL

Revenue
$23M
−4.6% YoY · +10.5% QoQ
Net income
−$10M
+33.6% YoY · +26.2% QoQ
Operating margin
-39.8%
Gross margin
78.0%
EPS (diluted)
−$0.23
+39.5% YoY · +30.3% QoQ

Source: XBRL data from the Pulmonx Corp (LUNG) Q2 2026 10-Q on SEC EDGAR. USD.

Pulmonx Corp Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $22.8M, down 4.6% YoY from $23.9M, driven by lower Zephyr Valve volumes and no China sales
  • Gross margin 78.0% vs 72.1% YoY, benefiting from geographic mix
  • U.S. revenue $14.2M vs $14.7M; international revenue $8.6M vs $9.1M
  • Net loss $10.1M vs $15.2M; operating loss $9.1M vs $14.8M
  • Cash and equivalents $55.8M; $37.5M outstanding debt; China certificate renewed with shipments expected by early next year

Risk Factors

  • No newly triggered risk identified; filing presents existing 10-K risk categories without an explicit “no material changes” statement
  • Safety risk: LIBERATE pneumothorax incidence 18–34%, with four treatment-period deaths representing 3.1% of Zephyr Valve patients
  • Regulatory risk: Medicare lacks a public coverage policy, leaving reimbursement decisions case-by-case
  • Market risk: Zephyr Valve remains the company’s sole therapeutic product and is limited to severe emphysema indications
  • Financial risk: Six-month net loss $23.7 million and accumulated deficit $545.3 million as of June 30, 2026

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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