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Stocks · Health care · Pharmaceutical Preparations

Pulmatrix, Inc.

PULM Clue Score45
United States Fiscal year ends December CIK 0001574235
$1.46 -4.39% Close, 9 Oct 2026
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Price $1.46 +102.72% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue0.8Operating income−24.9Net income−27.8Fiscal year 2017Revenue0.3 −59.9%Operating income−17.5Net income−18.1Fiscal year 2018Revenue0.2 −54.3%Operating income−20.4Net income−20.6Fiscal year 2019Revenue7.9 +5,069.9%Operating income−20.7Net income−20.6Fiscal year 2020Revenue12.6 +59.7%Operating income−9.9Net income−19.3Fiscal year 2021Revenue5.2 −59.1%Operating income−20.2Net income−20.2Fiscal year 2022Revenue6.1 +17.5%Operating income−18.9Net income−18.8EPS, diluted−5.46Fiscal year 2023Revenue7.3 +20.2%Operating income−14.7Net income−14.1EPS, diluted−3.87Fiscal year 2024Revenue7.8 +7.0%Operating income−9.8Net income−9.6EPS, diluted−2.62Fiscal year 2025Operating income−5.2Net income−5.2EPS, diluted−1.41
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.8 0.3 0.2 7.9 12.6 5.2 6.1 7.3 7.8 n/a
Growth −59.9% −54.3% +5,069.9% +59.7% −59.1% +17.5% +20.2% +7.0%
Operating income −24.9 −17.5 −20.4 −20.7 −9.9 −20.2 −18.9 −14.7 −9.8 −5.2
Net income −27.8 −18.1 −20.6 −20.6 −19.3 −20.2 −18.8 −14.1 −9.6 −5.2
Growth
EPS, diluted n/a n/a n/a n/a n/a n/a −5.46 −3.87 −2.62 −1.41

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−2,978.0%Net margin−3,334.5%Free cash flow margin−1,640.5%Fiscal year 2017Operating margin−5,216.4%Net margin−5,389.9%Free cash flow margin−4,343.6%Fiscal year 2018Operating margin−13,333.3%Net margin−13,439.9%Free cash flow margin−10,967.3%Fiscal year 2019Operating margin−261.6%Net margin−260.4%Free cash flow margin40.1%Fiscal year 2020Operating margin−78.1%Net margin−152.8%Free cash flow margin−101.0%Fiscal year 2021Operating margin−390.2%Net margin−390.2%Free cash flow margin−384.4%Fiscal year 2022Operating margin−312.1%Net margin−310.3%Free cash flow margin−320.2%Fiscal year 2023Operating margin−202.0%Net margin−193.5%Free cash flow margin−228.3%Fiscal year 2024Operating margin−125.1%Net margin−122.5%Free cash flow margin−142.4%Fiscal year 2025
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −2,978.0% −5,216.4% −13,333.3% −261.6% −78.1% −390.2% −312.1% −202.0% −125.1% n/a
Net margin −3,334.5% −5,389.9% −13,439.9% −260.4% −152.8% −390.2% −310.3% −193.5% −122.5% n/a
Free cash flow margin −1,640.5% −4,343.6% −10,967.3% 40.1% −101.0% −384.4% −320.2% −228.3% −142.4% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−13.2Capital expenditure−0.5Free cash flow−13.7Fiscal year 2017Operating cash flow−14.5Capital expenditure−0.1Free cash flow−14.6Fiscal year 2018Operating cash flow−16.8Capital expenditure−0.0Free cash flow−16.8Fiscal year 2019Operating cash flow3.2Capital expenditure−0.1Free cash flow3.2Fiscal year 2020Operating cash flow−12.5Capital expenditure−0.3Free cash flow−12.8 −502.4%Fiscal year 2021Operating cash flow−19.7Capital expenditure−0.1Free cash flow−19.9Fiscal year 2022Operating cash flow−19.4Capital expenditure−0.1Free cash flow−19.4Fiscal year 2023Operating cash flow−16.0Capital expenditure−0.7Free cash flow−16.7Fiscal year 2024Operating cash flow−10.7Capital expenditure−0.4Free cash flow−11.1Fiscal year 2025Operating cash flow−5.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −13.2 −14.5 −16.8 3.2 −12.5 −19.7 −19.4 −16.0 −10.7 −5.4
Capital expenditure −0.5 −0.1 −0.0 −0.1 −0.3 −0.1 −0.1 −0.7 −0.4 n/a
Free cash flow −13.7 −14.6 −16.8 3.2 −12.8 −19.9 −19.4 −16.7 −11.1 n/a
Growth −502.4%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash4.2Total debt5.8Net cash (debt)−1.6Shareholders’ equity8.8Debt to equity0.66Fiscal year 2017Cash3.6Total debt3.2Net cash (debt)0.3Shareholders’ equity10.1Debt to equity0.32Fiscal year 2018Cash2.6Total debt0.0Net cash (debt)2.6Shareholders’ equity11.8Debt to equity0.00Fiscal year 2019Cash23.4Shareholders’ equity11.0Fiscal year 2020Cash31.7Shareholders’ equity23.1Fiscal year 2021Cash53.8Shareholders’ equity47.4Fiscal year 2022Cash35.6Shareholders’ equity31.1Fiscal year 2023Cash19.2Shareholders’ equity18.0Fiscal year 2024Cash9.5Shareholders’ equity8.9Fiscal year 2025Cash4.1Shareholders’ equity3.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 4.2 3.6 2.6 23.4 31.7 53.8 35.6 19.2 9.5 4.1
Total debt 5.8 3.2 0.0 n/a n/a n/a n/a n/a n/a n/a
Net cash (debt) −1.6 0.3 2.6 n/a n/a n/a n/a n/a n/a n/a
Shareholders’ equity 8.8 10.1 11.8 11.0 23.1 47.4 31.1 18.0 8.9 3.8
Debt to equity 0.66 0.32 0.00 n/a n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023† 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
0.8 0.3 0.2 7.9 12.6 5.2 6.1 7.3 7.8 n/a
Growth −59.9% −54.3% +5,069.9% +59.7% −59.1% +17.5% +20.2% +7.0%
10.2 10.2 13.0 12.8 15.6 15.4 18.2 15.5 7.2 0.0
8.0 7.6 7.5 8.5 6.9 6.4 6.8 6.5 7.8 5.1
−24.9 −17.5 −20.4 −20.7 −9.9 −20.2 −18.9 −14.7 −9.8 −5.2
Growth
−30.8 −18.1 n/a n/a n/a n/a n/a n/a n/a n/a
−3.0 n/a n/a n/a n/a n/a n/a n/a n/a 0.0
−27.8 −18.1 −20.6 −20.6 −19.3 −20.2 −18.8 −14.1 −9.6 −5.2
Growth
Per share
n/a n/a n/a n/a n/a −8.63 −5.46 −3.87 −2.62 −1.41
n/a n/a n/a n/a n/a n/a −5.46 −3.87 −2.62 −1.41
Growth
n/a n/a n/a n/a n/a 2.7 3,448 3.7 3.7 3.7
n/a n/a n/a n/a n/a n/a 3,448 3.7 3.7 3.7
Growth −99.9% +0.0% +0.0%

† The diluted share count jumps at 2023, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 0.3% a year over five years.
  • Operating margin is up 136.5 points on five years ago, at -125.1%.
  • A net loss in 10 of 10 years on file.