Pulmonx Corporation Financial Ratios — LUNG Stock

Profitability (USD)

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	-23.21	-33.94	-44.68	-55.25	-77.19
Return on Assets (%)	- -	-60.41	-20.32	-19.51	-27.48	-32.76	-33.11	-36.97
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	61.42	68.77	64.77	73.59	74.29	73.9	74	74.19
EBITDA Margin (%)	-73.9	-53.61	-97.3	-95.91	-106.45	-87.93	-67.09	-58.13
Operating Margin (%)	-75.24	-54.73	-98.77	-97.7	-109.27	-90.19	-68.87	-59.3
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	27.99	60.24
Pretax Margin (%)	-92.32	-62.4	-97.82	-99.8	-109.15	-87.76	-66.71	-58.98
Profit Margin (%)	-92.38	-63.52	-98.47	-100.51	-109.8	-88.6	-67.3	-59.67
Net Income to Common Margin (%)	-92.38	-63.52	-98.47	-100.51	-109.8	-88.6	-67.3	-59.67
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	-23.21	-33.94	-44.68	-55.25	-77.19

Credit (USD)

Credit Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	34	22	27	26	24	41	56	56
ST Debt	- -	- -	2	2	3	5	4	1
LT Debt	34	21	25	24	21	36	53	55
Total Debt/EBITDA	-2.27	-1.25	-0.85	-0.57	-0.43	-0.69	-1	-1.07
Net Debt/EBITDA	-1.99	-0.01	6.73	2.82	1.48	0.77	0.6	0.62
Total Debt/EBIT	-2.23	-1.22	-0.84	-0.56	-0.42	-0.67	-0.98	-1.05
Net Debt/EBIT	-1.96	-0.01	6.62	2.77	1.44	0.75	0.58	0.61
EBITDA to Interest Expense	-5.87	-7.54	-10.01	-56.02	-53.59	-18.68	-16.03	-16.67
EBITDA-CapEx/Interest Expense	-5.99	-7.85	-10.3	-60.44	-54.82	-18.93	-16.44	-16.82
EBIT to Interest Expense	-5.97	-7.7	-10.16	-57.06	-55.01	-19.16	-16.45	-17.01
Interest Expense	3	2	3	1	1	3	4	3
Common Equity/Total Assets	-1,114.54	-350.02	85.75	82.17	79.52	66.55	52.69	41.86
Long-Term Debt/Equity (%)	- -	- -	11.05	12.51	13.69	30.59	61.2	101.72
Long-Term Debt/Capital (%)	-25.13	-12.91	9.86	11	11.82	22.66	36.91	49.83
Long-Term Debt/Total Assets (%)	223.84	39.92	9.47	10.28	10.89	20.36	32.25	42.58
Total Debt/Equity (%)	-20.08	-11.64	12.04	13.69	15.84	35.01	65.81	104.15
Total Debt/Capital (%)	-25.13	-13.18	10.75	12.04	13.68	25.93	39.69	51.02
Total Debt/Total Assets (%)	223.84	40.75	10.32	11.25	12.6	23.3	34.68	43.59
Net Debt to Equity	-17.62	-0.11	-94.72	-67.83	-54.81	-39.14	-39.3	-60.34
Net Debt/Capital (%)	-21.39	-0.11	-982.67	-184.03	-110.09	-60.77	-47.25	-80.18
EBITDA	-15	-17	-32	-46	-57	-60	-56	-53
EBITDA-CapEx	-15	-18	-33	-50	-58	-61	-58	-53
Operating Income (Loss)	-15	-18	-32	-47	-59	-62	-58	-54

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.51	2	18.49	10.26	7.63	5.06	4.15	3.48
Current Ratio	1.4	2.9	19.96	11.85	9.14	6.5	5.58	5.07
Quick Ratio	0.93	2.42	18.85	10.65	8.13	5.62	4.72	4.11
CFO/Avg Current Liab	- -	-1.87	-2.3	-2.75	-2.5	-1.81	-1.33	-1.46
Common Equity/Total Assets	-1,114.54	-350.02	85.75	82.17	79.52	66.55	52.69	41.86
Long-Term Debt/Equity (%)	- -	- -	11.05	12.51	13.69	30.59	61.2	101.72
Long-Term Debt/Capital (%)	-25.13	-12.91	9.86	11	11.82	22.66	36.91	49.83
Long-Term Debt/Total Assets (%)	223.84	39.92	9.47	10.28	10.89	20.36	32.25	42.58
Total Debt/Equity (%)	-20.08	-11.64	12.04	13.69	15.84	35.01	65.81	104.15
Total Debt/Capital (%)	-25.13	-13.18	10.75	12.04	13.68	25.93	39.69	51.02
Total Debt/Total Assets (%)	223.84	40.75	10.32	11.25	12.6	23.3	34.68	43.59
CFO/Total Liabilities	-10.09	-8.62	-81.53	-98.7	-113.65	-63.25	-40.94	-43.07
CFO/CapEx	-58.21	-28.84	-33.63	-11.27	-34.21	-46.6	-21.79	-71.63
Altman's Z-Score	- -	- -	38.85	15.71	2.44	1.77	-1.8	-4.93

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	7.7	6.72	8.97	7.04	6.61	6.64	7.18
Days Sales Outstanding	- -	47.37	54.3	40.67	51.83	55.23	54.94	50.8
Inventory Turnover	- -	2.28	1.41	0.95	0.89	1.14	1.29	1.43
Days Inventory Outstanding	- -	160.11	258.82	385.75	408.06	318.78	281.93	255.96
Accounts Payable Turnover	- -	6.28	8.02	12	7.23	12.35	8.25	5.77
Accounts Payable Turnover Days	- -	58.09	45.49	30.41	50.48	29.55	44.25	63.31
Cash Conversion Cycle	- -	149.4	267.62	396.02	409.41	344.46	292.62	243.45
Inventory to Cash Days	- -	-112.74	-204.52	-345.08	-356.23	-263.55	-226.98	-205.16
Inventories	3	6	11	16	15	17	17	16
Raw Materials	1	2	3	4	- -	- -	- -	- -
Work In Process	- -	- -	- -	1	- -	- -	- -	- -
Finished Goods	2	3	7	12	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	15	17	17	16

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	2,464	1,184	317	491	270	92
- Cash & Cash Equivalents	4	15	232	148	102	84	71	70
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	34	22	27	26	24	41	56	56
Enterprise Value	- -	- -	2,259	1,031	200	415	225	79
Total Capital	-134	-166	253	220	178	160	142	110
Total Debt/Capital (%)	-25.13	-13.18	10.75	12.04	13.68	25.93	39.69	51.02
Total Debt / EV	- -	- -	0.01	0.03	0.12	0.1	0.25	0.72
EV/Sales	- -	- -	69.02	21.29	3.72	6.05	2.69	0.87
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	703	1,159	313	484	266	90
Diluted Enterprise Value	- -	- -	499	1,005	196	408	221	77
EV per Share	- -	- -	63.3	27.91	5.32	10.79	5.66	1.89
TTM Sales	20	33	33	48	54	69	84	90
TTM EBITDA	-15	-17	-32	-46	-57	-60	-56	-53
TTM Operating Income	-15	-18	-32	-47	-59	-62	-58	-54
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	-22.28	-25.71	-6.74	-12.6	-8.05	-2.74
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	2,259	1,031	200	415	225	79
Low Price	- -	- -	37.64	28.87	4.07	7.23	5.46	1.31
EV/Sales	- -	- -	69.02	21.29	3.72	6.05	2.69	0.87
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	10.89	6.13	2.06	4.15	3.15	1.7
Price/Book Value Average	- -	- -	7.73	8.42	4.52	3.59	3.83	2.84
Price/Book Value High	- -	- -	10.97	13.14	8.84	4.65	6.88	7.22
Price/Book Value Low	- -	- -	5.94	5.52	0.99	2.35	2.53	1.01
Price/Tangible Book Value	- -	- -	11.03	6.21	2.09	4.24	3.24	1.78
Price/Tangible Book Value Average	- -	- -	7.82	8.53	4.6	3.66	3.94	2.97
Price/Tangible Book Value High	- -	- -	11.1	13.32	8.99	4.74	7.07	7.54
Price/Tangible Book Value Low	- -	- -	6.01	5.59	1.01	2.4	2.6	1.05
Price/Sales	- -	- -	21.48	23.93	5.83	7.05	3.17	0.99
Price/Sales Average	- -	- -	15.24	32.86	12.82	6.1	3.86	1.66
Price/Sales High	- -	- -	21.62	51.31	25.07	7.89	6.92	4.21
Price/Sales Low	- -	- -	11.71	21.54	2.81	4	2.55	0.59
Price/Cash Flow	- -	- -	-22.95	-28	-6.94	-12.87	-8.42	-2.78
Price/Cash Flow Average	- -	- -	-16.28	-38.44	-15.26	-11.13	-10.26	-4.64
Price/Cash Flow High	- -	- -	-23.1	-60.02	-29.84	-14.41	-18.4	-11.77
Price/Cash Flow Low	- -	- -	-12.51	-25.2	-3.35	-7.3	-6.77	-1.65
Price/Free Cash Flow Average	- -	- -	-15.81	-35.31	-14.83	-10.9	-9.81	-4.58
Price/Free Cash Flow High	- -	- -	-22.43	-55.13	-28.99	-14.11	-17.59	-11.61
Price/Free Cash Flow Low	- -	- -	-12.15	-23.15	-3.25	-7.15	-6.47	-1.62
EV/Sales Average	- -	- -	47.16	30.42	10.81	5.08	3.39	1.55
EV/Sales High	- -	- -	69.52	49.28	23.2	6.9	6.51	4.17
EV/Sales Low	- -	- -	34.8	18.85	0.67	2.95	2.06	0.46
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	69.02	32.07	8.43	12.75	6.79	2.21
High Price	- -	- -	69.48	68.76	36.26	14.28	14.84	9.37
Enterprise Value Average	- -	- -	1,544	1,473	580	349	284	141
Enterprise Value High	- -	- -	2,276	2,386	1,245	474	545	377
Enterprise Value Low	- -	- -	1,139	913	36	203	172	41

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	31	31	36	37	38	39	40	42
Diluted Weighted Avg Shares	21	21	10	36	37	38	39	41
Basic Weighted Avg Shares	21	21	10	36	37	38	39	41
Revenue per Share	0.97	1.57	3.21	1.34	1.45	1.81	2.14	2.22
EBITDA per Share	-0.71	-0.84	-3.13	-1.29	-1.54	-1.59	-1.44	-1.29
Operating Income per Share	-0.73	-0.86	-3.17	-1.31	-1.58	-1.63	-1.48	-1.32
Basic EPS, GAAP	-0.89	-1	-3.16	-1.35	-1.59	-1.6	-1.44	-1.33
Basic EPS from Cont Ops	-0.89	-1	-3.16	-1.35	-1.59	-1.6	-1.44	-1.33
Diluted EPS, GAAP	-0.89	-1	-3.16	-1.35	-1.59	-1.6	-1.44	-1.33
Diluted EPS from Cont Ops	-0.89	-1	-3.16	-1.35	-1.59	-1.6	-1.44	-1.33
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.89	-1	-3.01	-1.15	-1.22	-0.99	-0.81	-0.8
Free Cash Flow per Basic Share	-0.9	-1.04	-3.1	-1.25	-1.25	-1.01	-0.84	-0.81
Cash & Equivalents per Share	0.13	0.92	6.49	4.87	3.76	3.04	2.55	1.67
Book Value per Share	-5.45	-6.1	6.34	5.23	4.1	3.07	2.16	1.3
Tangible Book Value per Share	-5.54	-6.19	6.26	5.16	4.03	3.01	2.1	1.24