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Pulmatrix, Inc.

Pulmatrix paused development of its iSPERSE inhaled-drug candidates while pursuing monetization; its March 2026 Eos merger agreement was conditional.

Overview

Pulmatrix developed inhaled drug candidates using iSPERSE, an engineered dry-powder delivery platform. Its investigational programs addressed migraine and respiratory conditions, including chronic obstructive pulmonary disease and allergic bronchopulmonary aspergillosis. In its annual filing published in February 2026, the company reported that development was paused while it pursued monetization opportunities. Its March 26, 2026 agreement for a proposed Eos merger was subject to approvals and other closing conditions. Its reported principal executive office is in Framingham, MA (United States). For fiscal 2025, ended 2025-12-31, its originally reported results included a net loss of USD 5,162,000; cash used in operations of USD 5,433,000. At that year-end, it reported total assets of USD 4,139,000 and cash and cash equivalents of USD 4,088,000.

Company overview

Legal name
Pulmatrix, Inc.
Former names in filing history
Ruthigen, Inc. (2013-05-24 to 2015-06-16)
Classification
Public company
Industry (SIC)
2834 — Pharmaceutical Preparations
Headquarters
Framingham, MA, United States
Incorporated in
DE
Fiscal year end
December 31
SEC CIK
0001574235

Financials

Annual figures as originally reported. Currency is shown for each fiscal year; B means billion and M means million.

Fiscal yearPeriod endRevenueNet incomeTotal assetsCash and equivalentsOperating cash flow
FY2025USD—-$5.2M$4.1M$4.1M-$5.4M
FY2024USD$7.8M-$9.6M$9.9M$9.5M-$10.7M
FY2023USD$7.3M-$14.1M$34.0M$19.2M-$16.0M
FY2022USD$6.1M-$18.8M$41.0M$35.6M-$19.4M

Recent SEC filings

FormFiledPeriodFiling
10-Q10-Q
8-K8-K
S-4—S-4
10-K/A10-K/A
10-Q10-Q
8-K8-K
8-K8-K
8-K8-K
8-K8-K
10-K10-K
8-K8-K
8-K8-K

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