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

PULM Nasdaq Pharmaceutical Preparations DE CIK: 0001574235
Recently Updated • Analysis: Apr 14, 2026 • SEC Data: 2025-12-31
STRONG SELL
88% Conf
Pending
Analysis scheduled

📊 PULM Key Takeaways

Revenue: $53.0K
Net Margin: -9,739.6%
Free Cash Flow: $-5.8M
Current Ratio: 12.55x
Debt/Equity: 0.00x
EPS: $-1.41
AI Rating: STRONG SELL with 88% confidence
Pulmatrix, Inc. (PULM) receives a STRONG SELL rating with 88% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $53.0K, net profit margin of -9,739.6%, and return on equity (ROE) of -135.5%, 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-revenue biotech company with minimal revenue generation ($53K) despite near-term cash burn of $5.8M quarterly (negative free cash flow). With only $4.1M in cash on hand, the company has less than one year of operational runway at current burn rates, creating existential risk absent significant external financing or transformative clinical/commercial milestones.

Why Buy Pulmatrix, Inc. Stock? PULM Key Strengths

Claude
  • + Zero long-term debt with clean balance sheet
  • + Strong liquidity position with 12.55x current ratio
  • + Net loss improvement of 46% YoY indicates some operational progress

PULM Stock Risks: Pulmatrix, Inc. Investment Risks

Claude
  • ! Unsustainable quarterly cash burn of -$5.8M against $4.1M total cash reserves (sub-12 month runway)
  • ! Operating margin of -9752% with minimal revenue generation signals no clear path to profitability
  • ! No insider buying activity in 90 days; typical of distressed biotech situations
  • ! Revenue base of $53K is immaterial and does not support operating expenses

Key Metrics to Watch

Claude
  • * Cash burn rate and duration of cash runway before financing need
  • * Revenue growth trajectory and evidence of commercial traction or partnering
  • * Clinical trial progress and pipeline advancement as potential catalysts

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

Revenue
$53.0K
Net Income
$-5.2M
EPS (Diluted)
$-1.41
Free Cash Flow
$-5.8M
Total Assets
$4.1M
Cash Position
$4.1M

💡 AI Analyst Insight

Strong liquidity with a 12.55x current ratio provides a solid financial cushion.

PULM Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -9,752.8%
Net Margin -9,739.6%
ROE -135.5%
ROA -124.7%
FCF Margin -11,001.9%

PULM vs Healthcare Sector: How Pulmatrix, Inc. Compares

How Pulmatrix, Inc. compares to Healthcare sector averages

Net Margin
PULM -9,739.6%
vs
Sector Avg 12.0%
PULM Sector
ROE
PULM -135.5%
vs
Sector Avg 15.0%
PULM Sector
Current Ratio
PULM 12.6x
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
-135.5%
Sector avg: 15%
Net Profit Margin
-9,739.6%
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
12.55x
Quick Ratio
12.55x
Debt/Equity
0.00x
Debt/Assets
7.9%
Interest Coverage
-27.79x
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
-11,001.9%
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
-$5.4M
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
Mar 27, 2026 8-K form8-k.htm View →
Mar 2, 2026 8-K form8-k.htm View →
Feb 26, 2026 10-K form10-k.htm View →
Feb 26, 2026 8-K form8-k.htm View →
Dec 18, 2025 8-K form8-k.htm View →

Frequently Asked Questions about PULM

What is the AI rating for PULM?

Pulmatrix, Inc. (PULM) has an AI rating of STRONG SELL with 88% confidence, based on fundamental analysis of SEC EDGAR filings.

What are PULM's key strengths?

Claude: Zero long-term debt with clean balance sheet. Strong liquidity position with 12.55x current ratio.

What are the risks of investing in PULM?

Claude: Unsustainable quarterly cash burn of -$5.8M against $4.1M total cash reserves (sub-12 month runway). Operating margin of -9752% with minimal revenue generation signals no clear path to profitability.

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 $-1.41.

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 rating reflects both perspectives for balanced insights.

Is PULM a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Pulmatrix, Inc. has a STRONG SELL rating with 88% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is PULM stock overvalued or undervalued?

Valuation metrics for PULM: ROE of -135.5% (sector avg: 15%), net margin of -9,739.6% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy PULM stock in 2026?

Our dual AI analysis gives Pulmatrix, Inc. a combined STRONG SELL rating 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 $-5.4M, with capital expenditures of $398.0K. FCF margin is -11,001.9%.

How does PULM compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -9,739.6% (avg: 12%), ROE -135.5% (avg: 15%), current ratio 12.55 (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: Apr 14, 2026 | Data as of: 2025-12-31 | Powered by Claude AI