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Side-by-side financial comparison of Cosmos Health Inc. (COSM) and Pulmonx Corp (LUNG). Click either name above to swap in a different company.

Pulmonx Corp is the larger business by last-quarter revenue ($20.6M vs $19.7M, roughly 1.0× Cosmos Health Inc.). Cosmos Health Inc. runs the higher net margin — -51.5% vs -66.3%, a 14.8% gap on every dollar of revenue. On growth, Cosmos Health Inc. posted the faster year-over-year revenue change (38.5% vs -8.7%). Over the past eight quarters, Cosmos Health Inc.'s revenue compounded faster (16.2% CAGR vs -0.5%).

AgniKul Cosmos Private Limited is a private Indian aerospace manufacturer and commercial launch service provider based in National Centre for Combustion Research and Development (NCCRD) of IIT Madras, Chennai. The start up aims to develop and launch its own small-lift launch vehicle such as the Agnibaan, capable of placing 100 kg (220 lb) payload into a 700 km (430 mi) orbit.

Pulmonx Corp is a global medical tech firm focused on interventional pulmonology solutions. It develops minimally invasive endobronchial valves to treat severe COPD and emphysema, with products sold across North America, Europe, and Asia-Pacific for patients with advanced lung conditions.

COSM vs LUNG — Head-to-Head

Bigger by revenue
LUNG
LUNG
1.0× larger
LUNG
$20.6M
$19.7M
COSM
Growing faster (revenue YoY)
COSM
COSM
+47.2% gap
COSM
38.5%
-8.7%
LUNG
Higher net margin
COSM
COSM
14.8% more per $
COSM
-51.5%
-66.3%
LUNG
Faster 2-yr revenue CAGR
COSM
COSM
Annualised
COSM
16.2%
-0.5%
LUNG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
COSM
COSM
LUNG
LUNG
Revenue
$19.7M
$20.6M
Net Profit
$-10.1M
$-13.7M
Gross Margin
10.6%
77.9%
Operating Margin
-57.9%
-40.9%
Net Margin
-51.5%
-66.3%
Revenue YoY
38.5%
-8.7%
Net Profit YoY
-203.0%
5.5%
EPS (diluted)
$-0.33
$-0.33

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
COSM
COSM
LUNG
LUNG
Q1 26
$20.6M
Q4 25
$19.7M
$22.6M
Q3 25
$17.1M
$21.5M
Q2 25
$14.7M
$23.9M
Q1 25
$13.7M
$22.5M
Q4 24
$14.2M
$23.8M
Q3 24
$12.4M
$20.4M
Q2 24
$13.2M
$20.8M
Net Profit
COSM
COSM
LUNG
LUNG
Q1 26
$-13.7M
Q4 25
$-10.1M
$-10.4M
Q3 25
$-5.4M
$-14.0M
Q2 25
$-2.8M
$-15.2M
Q1 25
$-818.1K
$-14.4M
Q4 24
$-3.3M
$-13.2M
Q3 24
$-8.4M
$-14.1M
Q2 24
$-2.6M
$-15.3M
Gross Margin
COSM
COSM
LUNG
LUNG
Q1 26
77.9%
Q4 25
10.6%
77.6%
Q3 25
15.2%
74.7%
Q2 25
7.9%
72.1%
Q1 25
14.9%
72.5%
Q4 24
7.1%
74.0%
Q3 24
9.7%
73.7%
Q2 24
5.8%
73.7%
Operating Margin
COSM
COSM
LUNG
LUNG
Q1 26
-40.9%
Q4 25
-57.9%
-43.8%
Q3 25
-10.6%
-66.9%
Q2 25
-17.9%
-62.0%
Q1 25
-6.1%
-64.6%
Q4 24
-63.0%
-56.5%
Q3 24
-18.0%
-69.3%
Q2 24
-18.9%
-75.2%
Net Margin
COSM
COSM
LUNG
LUNG
Q1 26
-66.3%
Q4 25
-51.5%
-46.1%
Q3 25
-31.3%
-64.9%
Q2 25
-19.2%
-63.6%
Q1 25
-6.0%
-64.1%
Q4 24
-23.5%
-55.4%
Q3 24
-67.5%
-69.4%
Q2 24
-19.6%
-73.7%
EPS (diluted)
COSM
COSM
LUNG
LUNG
Q1 26
$-0.33
Q4 25
$-0.33
$-0.25
Q3 25
$-0.17
$-0.34
Q2 25
$-0.10
$-0.38
Q1 25
$-0.03
$-0.36
Q4 24
$-0.46
$-0.33
Q3 24
$-0.45
$-0.36
Q2 24
$-0.15
$-0.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COSM
COSM
LUNG
LUNG
Cash + ST InvestmentsLiquidity on hand
$761.8K
$61.6M
Total DebtLower is stronger
$3.8M
$37.3M
Stockholders' EquityBook value
$18.4M
$45.8M
Total Assets
$65.5M
$120.0M
Debt / EquityLower = less leverage
0.20×
0.82×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COSM
COSM
LUNG
LUNG
Q1 26
$61.6M
Q4 25
$761.8K
$69.8M
Q3 25
$922.6K
$76.5M
Q2 25
$30.3K
$75.5M
Q1 25
$25.3K
$74.6M
Q4 24
$336.3K
$70.9M
Q3 24
$22.8K
$63.3M
Q2 24
$21.5K
$63.5M
Total Debt
COSM
COSM
LUNG
LUNG
Q1 26
$37.3M
Q4 25
$3.8M
$37.1M
Q3 25
$5.4M
$37.1M
Q2 25
$5.2M
$37.1M
Q1 25
$4.9M
$37.2M
Q4 24
$4.1M
$37.2M
Q3 24
$4.3M
$37.2M
Q2 24
$3.9M
$37.2M
Stockholders' Equity
COSM
COSM
LUNG
LUNG
Q1 26
$45.8M
Q4 25
$18.4M
$54.1M
Q3 25
$23.1M
$60.0M
Q2 25
$26.2M
$69.1M
Q1 25
$26.0M
$77.7M
Q4 24
$24.5M
$85.8M
Q3 24
$35.0M
$93.9M
Q2 24
$32.1M
$101.2M
Total Assets
COSM
COSM
LUNG
LUNG
Q1 26
$120.0M
Q4 25
$65.5M
$129.3M
Q3 25
$69.5M
$138.3M
Q2 25
$61.8M
$147.2M
Q1 25
$57.2M
$150.7M
Q4 24
$54.3M
$162.8M
Q3 24
$64.5M
$167.4M
Q2 24
$60.8M
$172.6M
Debt / Equity
COSM
COSM
LUNG
LUNG
Q1 26
0.82×
Q4 25
0.20×
0.69×
Q3 25
0.23×
0.62×
Q2 25
0.20×
0.54×
Q1 25
0.19×
0.48×
Q4 24
0.17×
0.43×
Q3 24
0.12×
0.40×
Q2 24
0.12×
0.37×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COSM
COSM
LUNG
LUNG
Operating Cash FlowLast quarter
$-4.6M
Free Cash FlowOCF − Capex
$-4.6M
FCF MarginFCF / Revenue
-23.4%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COSM
COSM
LUNG
LUNG
Q1 26
Q4 25
$-4.6M
$-7.1M
Q3 25
$-2.5M
$-8.2M
Q2 25
$-1.2M
$-3.9M
Q1 25
$-186.3K
$-13.2M
Q4 24
$-3.8M
$-6.7M
Q3 24
$739.8K
$-7.2M
Q2 24
$-1.2M
$-5.8M
Free Cash Flow
COSM
COSM
LUNG
LUNG
Q1 26
Q4 25
$-4.6M
$-7.1M
Q3 25
$-2.5M
$-8.3M
Q2 25
$-1.2M
$-4.0M
Q1 25
$-198.8K
$-13.5M
Q4 24
$-3.9M
$-6.8M
Q3 24
$511.0K
$-7.7M
Q2 24
$-1.2M
$-6.2M
FCF Margin
COSM
COSM
LUNG
LUNG
Q1 26
Q4 25
-23.4%
-31.4%
Q3 25
-14.4%
-38.4%
Q2 25
-8.4%
-16.6%
Q1 25
-1.5%
-60.0%
Q4 24
-27.5%
-28.8%
Q3 24
4.1%
-37.6%
Q2 24
-9.4%
-30.0%
Capex Intensity
COSM
COSM
LUNG
LUNG
Q1 26
Q4 25
0.0%
0.1%
Q3 25
0.1%
0.4%
Q2 25
0.2%
0.2%
Q1 25
0.1%
1.3%
Q4 24
0.5%
0.5%
Q3 24
1.8%
2.0%
Q2 24
0.3%
2.3%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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