Liquidia Corporation

Liquidia Corporation

LQDAยทNASDAQ

$55.69

+1.5%
HealthcareBiotechnology

Liquidia Corporation, a biopharmaceutical company, develops, manufactures, and commercializes various products for unmet patient needs in the United States. Its product candidates include YUTREPIA, an inhaled dry powder formulation of treprostinil for the treatment of pulmonary arterial hypertension. It also distributes generic treprostinil injection in the United States. Liquidia Corporation was founded in 2004 and is headquartered in Morrisville, North Carolina.

At a Glance

Live Snapshot
Market Cap$4.95B
EPS-0.8000
P/E Ratio-69.61
Earnings Date08/11/2026
3Y+894.0%
5Y+21305.0%
10Y+1098.0%
3Y+68.0%
5Y+15.0%
10Y+333.0%
3Y+25.0%
5Y-34.0%
10Y+156.0%
Liquidia Corporation

Liquidia Corporation Profit Bridge

LQDA ยท NASDAQ
Revenue158.32M
Cost of Goods Sold (13.24M)
Gross Profit145.08M
Operating Expenses (196.45M)
Operating Income-51.38M
Interest Expense (24.17M)
Other Income/Expense-17.55M
Pretax Income-68.92M
Income Tax (0.00)
Net Income-68.92M
Net Income
-68.92M

Profitability Analysis

Gross Margin

91.6%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-32.5%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-43.5%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

Liquidia Corporation Income Statement

LQDA โ€ข NASDAQ

Liquidia Corporation Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
REVENUE
158.3M
14M
17.5M
15.9M
12.9M
739.6K
8.1M
2.7M
7.3M
13.2M
GROSS PROFIT
(13.2M)
(5.9M)
(2.9M)
(2.9M)
(3M)
(237.7K)
(807.2K)
(121.4K)
(319.8K)
(918.8K)
145.1M
8.1M
14.6M
13.1M
9.8M
501.9K
7.3M
2.6M
6.9M
12.3M
OPERATING INCOME
(196.5M)
(129.4M)
(88M)
(51.8M)
(43.6M)
(59.6M)
(54.1M)
(37.5M)
(35M)
(28.2M)
(157.2M)
(81.6M)
(44.7M)
(32.4M)
(23.1M)
(27.4M)
(13.6M)
(8.8M)
(10.2M)
(4.8M)
(39.3M)
(47.8M)
(43.2M)
(19.4M)
(20.5M)
(32.2M)
(40.5M)
(28.7M)
(24.8M)
(23.3M)
-51.4M
-121.3M
-73.4M
-38.8M
-33.8M
-59.1M
-46.8M
-34.9M
-28M
-15.9M
PRE-TAX INCOME
(24.2M)
(12.5M)
(6.3M)
(2.3M)
(762K)
(858K)
(1.4M)
(19M)
(13M)
(85.9K)
-17.5M
-4.8M
-2.8M
-1.2M
-729K
-673.6K
-759.9K
-18.7M
-13M
-71K
-17.5M
-9.1M
-5.1M
-2.2M
-782K
-673.6K
-759.9K
-18.3M
-1.1M
-71K
-68.9M
-130.4M
-78.5M
-41M
-34.6M
-59.8M
-47.6M
-53.1M
-29.2M
-15.9M
NET INCOME
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(14.9K)
-68.9M
-130.4M
-78.5M
-41M
-34.6M
-59.8M
-47.6M
-53.1M
-29.2M
-15.9M

SEC Filings

LQDA - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 11, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 11, 2026
May 11, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 24, 2026
June 16, 2026
2026
10-K

10-K 2025 FY

FY

March 05, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 05, 2026
March 05, 2026
2026
8-K

8-K 2026

N/A

January 09, 2026
January 09, 2026
2026
8-K

8-K 2025

N/A

November 03, 2025
November 03, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 03, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

October 30, 2025
October 27, 2025
2025
10-Q

10-Q 2025 Q2

Q2

August 12, 2025
June 30, 2025
2025
Showing 1 to 10 of 147 filings