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Pulmatrix, Inc. (PULM) Fundamental Analysis & AI Grade 2026

PULM Nasdaq Pharmaceutical Preparations DE CIK: 0001574235
Recently Updated • Analysis: May 23, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
75% Confidence
N/A
D
75% Conf
Pending
Analysis scheduled

📊 PULM Key Takeaways

Revenue: $53.0K
Net Margin: -2,211.3%
Free Cash Flow: $-1.5M
Current Ratio: 4.96x
Debt/Equity: 0.00x
EPS: $-0.32
AI Grade: D with 75% confidence
Pulmatrix, Inc. (PULM) receives a D fundamental grade with 75% confidence from our AI analysis based on SEC 10-K filings. With revenue of $53.0K, net profit margin of -2,211.3%, and return on equity (ROE) of -32.6%, Pulmatrix, Inc. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete PULM stock analysis for 2026.

Is Pulmatrix, Inc. (PULM) a Good Investment?

Claude

Pulmatrix is a pre-commercial pharmaceutical company with $53K in revenue against $1.2M in net losses, exhibiting unsustainable cash burn of $1.1M annually against a $3.3M cash reserve (~3-year runway). The company faces binary clinical/development risk with no near-term profitability path and will likely require dilutive capital raises to fund operations.

Pulmatrix, Inc. Key Strengths (PULM)

Claude
  • + Clean balance sheet with zero long-term debt
  • + Strong liquidity position (4.96x current ratio) providing operational buffer
  • + Revenue growth of 1571.5% YoY and net loss improvement of 46% YoY suggest positive traction

PULM Stock Risks: Pulmatrix, Inc. Investment Risks

Claude
  • ! Unsustainable cash burn rate ($1.1M annually) relative to $53K revenue base and limited runway
  • ! Pre-commercial pharmaceutical company with binary clinical development outcomes and regulatory risks
  • ! Will require dilutive capital raises to continue operations; zero insider buying activity suggests limited confidence
  • ! Operating margin of -2438% indicates business model not yet viable at scale

Key Metrics to Watch

Claude
  • * Quarterly cash burn trends and cash runway depletion rate
  • * Clinical trial progress milestones and regulatory developments
  • * Path to revenue scaling and timeline to positive operating cash flow

Pulmatrix, Inc. (PULM) Financial Metrics & Key Ratios

Revenue
$53.0K
Net Income
$-1.2M
EPS (Diluted)
$-0.32
Free Cash Flow
$-1.5M
Total Assets
$4.5M
Cash Position
$3.3M

💡 AI Analyst Insight

Strong liquidity with a 4.96x current ratio provides a solid financial cushion.

PULM Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -2,437.7%
Net Margin -2,211.3%
ROE -32.6%
ROA -26.1%
FCF Margin -2,764.2%

PULM vs Healthcare Sector: How Pulmatrix, Inc. Compares

How Pulmatrix, Inc. compares to Healthcare sector averages

Net Margin
PULM -2,211.3%
vs
Sector Avg 12.0%
PULM Sector
ROE
PULM -32.6%
vs
Sector Avg 15.0%
PULM Sector
Current Ratio
PULM 5.0x
vs
Sector Avg 2.0x
PULM Sector
Debt/Equity
PULM 0.0x
vs
Sector Avg 0.6x
PULM Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Pulmatrix, Inc. Stock Overvalued? PULM Valuation Analysis 2026

Based on fundamental analysis, Pulmatrix, Inc. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-32.6%
Sector avg: 15%
Net Profit Margin
-2,211.3%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Pulmatrix, Inc. Balance Sheet: PULM Debt, Cash & Liquidity

Current Ratio
4.96x
Quick Ratio
4.96x
Debt/Equity
0.00x
Debt/Assets
20.1%
Interest Coverage
-6.95x
Long-term Debt
$0.0

PULM Revenue & Earnings Growth: 5-Year Financial Trend

PULM 5-year financial data: Year 2021: Revenue $12.6M, Net Income -$19.3M, EPS N/A. Year 2022: Revenue $6.1M, Net Income -$20.2M, EPS N/A. Year 2023: Revenue $7.3M, Net Income -$18.8M, EPS $-5.46. Year 2024: Revenue $7.8M, Net Income -$14.1M, EPS $-3.87. Year 2025: Revenue $7.8M, Net Income -$9.6M, EPS $-2.62.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Pulmatrix, Inc.'s revenue has declined by 38% over the 5-year period, indicating business contraction. The most recent EPS of $-2.62 indicates the company is currently unprofitable.

PULM Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-2,764.2%
Free cash flow / Revenue

PULM Quarterly Earnings & Performance

Quarterly financial performance data for Pulmatrix, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $366.0K $825.0K $-0.24
Q2 2025 $1.6M $825.0K $-0.42
Q1 2025 $5.9M $825.0K $0.23
Q3 2024 $366.0K $825.0K $-0.71
Q2 2024 $1.6M $825.0K $-1.04
Q1 2024 $1.5M $825.0K $0.23
Q3 2023 $1.8M -$3.8M $-1.03
Q2 2023 $1.3M -$3.8M $-1.04

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Pulmatrix, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$1.1M
Cash generated from operations
Capital Expenditures
$398.0K
Investment in assets
Dividends
None
No dividend program

PULM SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Pulmatrix, Inc. (CIK: 0001574235)

📋 Recent SEC Filings

Date Form Document Action
May 15, 2026 10-Q form10-q.htm View →
May 15, 2026 8-K form8-k.htm View →
Apr 21, 2026 8-K form8-k.htm View →
Mar 27, 2026 8-K form8-k.htm View →
Mar 2, 2026 8-K form8-k.htm View →

Frequently Asked Questions about PULM

What is the AI rating for PULM?

Pulmatrix, Inc. (PULM) has an AI grade of D with 75% confidence, based on fundamental analysis of SEC EDGAR filings.

What are PULM's key strengths?

Claude: Clean balance sheet with zero long-term debt. Strong liquidity position (4.96x current ratio) providing operational buffer.

What are the risks of investing in PULM?

Claude: Unsustainable cash burn rate ($1.1M annually) relative to $53K revenue base and limited runway. Pre-commercial pharmaceutical company with binary clinical development outcomes and regulatory risks.

What is PULM's revenue and growth?

Pulmatrix, Inc. reported revenue of $53.0K.

Does PULM pay dividends?

Pulmatrix, Inc. does not currently pay dividends.

Where can I find PULM SEC filings?

Official SEC filings for Pulmatrix, Inc. (CIK: 0001574235) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is PULM's EPS?

Pulmatrix, Inc. has a diluted EPS of $-0.32.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is PULM's fundamental grade?

Based on our AI fundamental analysis in May 2026, Pulmatrix, Inc. has a D grade with 75% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is PULM stock overvalued or undervalued?

Valuation metrics for PULM: ROE of -32.6% (sector avg: 15%), net margin of -2,211.3% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is PULM's AI grade for 2026?

Our dual AI analysis gives Pulmatrix, Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is PULM's free cash flow?

Pulmatrix, Inc.'s operating cash flow is $-1.1M, with capital expenditures of $398.0K. FCF margin is -2,764.2%.

How does PULM compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -2,211.3% (avg: 12%), ROE -32.6% (avg: 15%), current ratio 4.96 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 23, 2026 | Data as of: 2026-03-31 | Powered by Claude AI