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Pulmatrix vs Impact Biomedical: PULM and IBO compared

Pulmatrix is the larger company: $3K of revenue in its latest quarter (Q4 2024) against $3K for Impact Biomedical (Q2 2026). Impact Biomedical is growing faster (-57% against -100% a year earlier).

Pulmatrix vs Impact Biomedical, latest quarterPulmatrix vs Impact Biomedical, latest quarterPulmatrix (PULM)Impact Biomedical (IBO)Revenue$3K$3KRevenue growth, Y/Y-100%-57%Operating marginn/mn/m

Where the money goes: PULM and IBO

Pulmatrix (PULM) · Q4 2024

Pulmatrix, Q4 2024: revenue $3K (-100% year over year), net loss $2.0M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.

Impact Biomedical (IBO) · Q2 2026

Impact Biomedical, Q2 2026: revenue $3K (-57% year over year), net loss $700K, operating cash flow $470K. The chart follows the revenue to costs, profit and cash.

Pulmatrix (PULM)Impact Biomedical (IBO)
Latest quarterQ4 2024Q2 2026
Revenue$3K$3K
Revenue growth, Y/Y-100%-57%
Operating marginn/mn/m
Net earnings−$2.0M−$700K
Operating cash flow−$1.3M$470K

Questions

Which is bigger, Pulmatrix or Impact Biomedical?

Pulmatrix is the larger company: $3K of revenue in its latest quarter (Q4 2024) against $3K for Impact Biomedical (Q2 2026).

Is Pulmatrix or Impact Biomedical growing faster?

Impact Biomedical is growing faster (-57% against -100% a year earlier).

More: Pulmatrix earnings · how Pulmatrix makes money · Impact Biomedical earnings · how Impact Biomedical makes money

From the companies' latest 10-Q, 10-K or earnings release (10-K filed Mar 21, 2025; 10-Q filed Aug 7, 2026). Fiscal quarters can end on different dates. Not investment advice.