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Side-by-side financial comparison of Pulmatrix, Inc. (PULM) and REZOLVE AI PLC (RZLV). Click either name above to swap in a different company.

Pulmatrix, Inc. is the larger business by last-quarter revenue ($1.6M vs $1.2M, roughly 1.3× REZOLVE AI PLC). Pulmatrix, Inc. runs the higher net margin — -374.4% vs -1078.8%, a 704.4% gap on every dollar of revenue.

Pulmatrix, Inc. is a clinical-stage biopharmaceutical firm specializing in developing innovative inhaled therapies for severe respiratory diseases including chronic obstructive pulmonary disease, cystic fibrosis and idiopathic pulmonary fibrosis. It uses its proprietary dry powder platform to improve inhaled medication efficacy and safety, advancing its product candidate pipeline via partnerships with global pharmaceutical players.

REZOLVE AI PLC is a UK-based technology firm developing AI-powered mobile engagement and instant transaction platforms. Its solutions let consumers complete purchases directly from audio, video, and print content, serving retail, consumer goods, and media clients across Europe, North America, and select APAC markets.

PULM vs RZLV — Head-to-Head

Bigger by revenue
PULM
PULM
1.3× larger
PULM
$1.6M
$1.2M
RZLV
Higher net margin
PULM
PULM
704.4% more per $
PULM
-374.4%
-1078.8%
RZLV

Income Statement — Q2 FY2024 vs Q2 FY2025

Metric
PULM
PULM
RZLV
RZLV
Revenue
$1.6M
$1.2M
Net Profit
$-5.8M
$-13.0M
Gross Margin
Operating Margin
-380.2%
-808.4%
Net Margin
-374.4%
-1078.8%
Revenue YoY
-15.8%
Net Profit YoY
-52.3%
EPS (diluted)
$-1.59

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
PULM
PULM
RZLV
RZLV
Q2 25
$1.2M
Q2 24
$1.6M
Q1 24
$5.9M
Q4 23
$2.2M
Q3 23
$1.8M
Q2 23
$1.8M
Q1 23
$1.5M
Q4 22
$1.7M
Net Profit
PULM
PULM
RZLV
RZLV
Q2 25
$-13.0M
Q2 24
$-5.8M
Q1 24
$825.0K
Q4 23
$-2.1M
Q3 23
$-3.8M
Q2 23
$-3.8M
Q1 23
$-4.4M
Q4 22
$-4.2M
Operating Margin
PULM
PULM
RZLV
RZLV
Q2 25
-808.4%
Q2 24
-380.2%
Q1 24
12.7%
Q4 23
-101.0%
Q3 23
-224.7%
Q2 23
-216.4%
Q1 23
-305.9%
Q4 22
-253.2%
Net Margin
PULM
PULM
RZLV
RZLV
Q2 25
-1078.8%
Q2 24
-374.4%
Q1 24
14.0%
Q4 23
-94.6%
Q3 23
-215.3%
Q2 23
-206.9%
Q1 23
-296.7%
Q4 22
-246.8%
EPS (diluted)
PULM
PULM
RZLV
RZLV
Q2 25
Q2 24
$-1.59
Q1 24
$0.23
Q4 23
$-0.58
Q3 23
$-1.03
Q2 23
$-1.04
Q1 23
$-1.22
Q4 22

Balance Sheet & Financial Strength

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

Metric
PULM
PULM
RZLV
RZLV
Cash + ST InvestmentsLiquidity on hand
$12.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$13.3M
$-14.3M
Total Assets
$15.8M
$80.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PULM
PULM
RZLV
RZLV
Q2 25
Q2 24
$12.4M
Q1 24
$16.3M
Q4 23
$19.2M
Q3 23
$21.3M
Q2 23
$25.8M
Q1 23
$30.8M
Q4 22
$35.6M
Stockholders' Equity
PULM
PULM
RZLV
RZLV
Q2 25
$-14.3M
Q2 24
$13.3M
Q1 24
$19.0M
Q4 23
$18.0M
Q3 23
$19.9M
Q2 23
$23.4M
Q1 23
$27.0M
Q4 22
$31.1M
Total Assets
PULM
PULM
RZLV
RZLV
Q2 25
$80.1M
Q2 24
$15.8M
Q1 24
$30.4M
Q4 23
$34.0M
Q3 23
$36.8M
Q2 23
$31.4M
Q1 23
$36.1M
Q4 22
$41.0M

Cash Flow & Capital Efficiency

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

Metric
PULM
PULM
RZLV
RZLV
Operating Cash FlowLast quarter
$-3.7M
$-4.9M
Free Cash FlowOCF − Capex
$-3.9M
FCF MarginFCF / Revenue
-252.6%
Capex IntensityCapex / Revenue
15.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PULM
PULM
RZLV
RZLV
Q2 25
$-4.9M
Q2 24
$-3.7M
Q1 24
$-2.7M
Q4 23
$-2.0M
Q3 23
$-4.1M
Q2 23
$-4.9M
Q1 23
$-4.9M
Q4 22
$-5.0M
Free Cash Flow
PULM
PULM
RZLV
RZLV
Q2 25
Q2 24
$-3.9M
Q1 24
$-2.9M
Q4 23
Q3 23
$-4.5M
Q2 23
Q1 23
Q4 22
$-5.1M
FCF Margin
PULM
PULM
RZLV
RZLV
Q2 25
Q2 24
-252.6%
Q1 24
-48.8%
Q4 23
Q3 23
-254.1%
Q2 23
Q1 23
Q4 22
-296.0%
Capex Intensity
PULM
PULM
RZLV
RZLV
Q2 25
Q2 24
15.7%
Q1 24
2.6%
Q4 23
Q3 23
17.9%
Q2 23
Q1 23
Q4 22
0.5%
Cash Conversion
PULM
PULM
RZLV
RZLV
Q2 25
Q2 24
Q1 24
-3.30×
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22

Financial Flow Comparison

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

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