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Liquidia Corporation(LQDA)Earnings, Financials & Key Ratios
LQDA•NASDAQ
$42.14
$3.66B mkt cap·Price updated May 6, 2026
AboutLiquidia 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.Show more
- Revenue$14M-20.0%
- EBITDA-$119M-67.3%
- Net Income-$130M-66.1%
- EPS (Diluted)-1.66-37.2%
- Gross Margin58%-30.5%
- EBITDA Margin-850.94%-109.0%
- Operating Margin-866.63%-106.5%
- Net Margin-931.65%-107.5%
- ROE-209.35%-83.6%
- ROIC-500.72%-58.1%
- Debt/Equity1.58+51.2%
- Interest Coverage-9.71+17.0%
LQDA Key Insights
Liquidia Corporation (LQDA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 85 (top 15%)
- ✓Strong 5Y sales CAGR of 11.6%
✗Weaknesses
- ✗Weak Piotroski F-Score: 1/9
- ✗Negative free cash flow
- ✗Shares diluted 21.1% in last year
- ✗Expensive at 42.9x book value
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
LQDA Price & Volume
Liquidia Corporation (LQDA) stock price & volume — 10-year historical chart
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LQDA Growth Metrics
Liquidia Corporation (LQDA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years11.64%
3 Years2.88%
TTM343.41%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-1.99%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM10.57%
Return on Capital
10 Years-97.97%
5 Years-62.33%
3 Years-62.76%
Last Year-84.14%
LQDA Recent Earnings
Liquidia Corporation (LQDA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
Mar 5, 2026EPS
$0.15
Est $0.08
+87.5%
Revenue
$92M
Est $89M
+3.9%
Q4 2025
Nov 3, 2025EPS
$0.04
Est $0.45
+91.1%
Revenue
$54M
Est $81M
-32.7%
Q3 2025
Aug 12, 2025EPS
$0.49
Est $0.43
-14.0%
Revenue
$9M
Est $14M
-38.2%
Q2 2025
May 8, 2025EPS
$0.45
Est $0.42
-7.1%
Revenue
$3M
Est $4M
-25.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 5, 2026 | $0.15vs $0.08+87.5% | $92Mvs $89M+3.9% |
| Q4 2025 | Nov 3, 2025 | $0.04vs $0.45+91.1% | $54Mvs $81M-32.7% |
| Q3 2025 | Aug 12, 2025 | $0.49vs $0.43-14.0% | $9Mvs $14M-38.2% |
| Q2 2025 | May 8, 2025 | $0.45vs $0.42-7.1% | $3Mvs $4M-25.0% |
Based on last 12 quarters of dataView full earnings history →
LQDA Peer Comparison
Liquidia Corporation (LQDA) competitors in Commercial Specialty Pharma — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 UTHR | 26.13B | 596.13 | 21.40 | 10.61% | 40.61% | 19.24% | ||
 MNKD | 1.1B | 3.56 | 178 | 22.23% | -6.63% | |||
 INVA | 1.91B | 22.52 | 6.82 | 18.52% | 118.91% | 46.47% | 0.23 | |
 PRAX | 7.61B | 337.95 | -25.07 | -100% | -58.74% | 0.00 | ||
 INSM | 29.14B | 137.09 | -21.35 | 66.73% | -264.83% | -125.2% | 0.06 | |
 NKTR | 1.67B | 85.09 | -8.75 | -43.89% | -192.87% | -356.81% | 0.95 | |
 PBYI | 379.14M | 7.45 | 12.21 | -0.91% | 13.6% | 27.78% | 0.22 | |
 KALA | 855.53K | 0.12 | -0.02 | -141.11% | -388.29% | 2.62 |
Compare LQDA vs Peers
Liquidia Corporation (LQDA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LQDA Income Statement
Liquidia Corporation (LQDA) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 13.22M | 7.26M | 2.71M | 8.07M | 739.63K | 12.85M | 15.94M | 17.49M | 14M | 69.22M |
| Revenue Growth % | - | -45.08% | -62.7% | 198.2% | -90.84% | 1637.77% | 23.98% | 9.75% | -19.97% | 343.41% |
| Cost of Goods Sold | 918.78K | 319.76K | 121.39K | 807.19K | 237.71K | 3.02M | 2.86M | 2.89M | 5.88M | 7.34M |
| COGS % of Revenue | 6.95% | 4.41% | 4.48% | 10% | 32.14% | 23.52% | 17.94% | 16.51% | 42% | - |
| Gross Profit | 12.3M▲ 0% | 6.94M▼ 43.6% | 2.59M▼ 62.7% | 7.26M▲ 181.0% | 501.92K▼ 93.1% | 9.83M▲ 1858.5% | 13.08M▲ 33.0% | 14.6M▲ 11.7% | 8.12M▼ 44.4% | 61.88M▲ 0% |
| Gross Margin % | 93.05% | 95.59% | 95.52% | 90% | 67.86% | 76.48% | 82.06% | 83.49% | 58% | 89.4% |
| Gross Profit Growth % | - | -43.58% | -62.73% | 180.98% | -93.09% | 1858.49% | 33.02% | 11.65% | -44.4% | - |
| Operating Expenses | 28.16M | 34.97M | 37.45M | 54.09M | 59.59M | 43.63M | 51.85M | 87.98M | 129.41M | 169.15M |
| OpEx % of Revenue | 213.07% | 481.76% | 1383.6% | 670.07% | 8056.89% | 339.43% | 325.36% | 503.11% | 924.63% | - |
| Selling, General & Admin | 4.84M | 10.21M | 8.75M | 13.6M | 27.37M | 23.11M | 32.41M | 44.74M | 81.57M | 130.14M |
| SG&A % of Revenue | 36.63% | 140.71% | 323.39% | 168.45% | 3700.33% | 179.8% | 203.39% | 255.84% | 582.8% | - |
| Research & Development | 23.32M | 24.75M | 28.7M | 40.49M | 32.22M | 20.52M | 19.43M | 43.24M | 47.84M | 38.81M |
| R&D % of Revenue | 176.44% | 341.05% | 1060.21% | 501.62% | 4356.57% | 159.63% | 121.96% | 247.27% | 341.83% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 205K |
| Operating Income | -15.86M▲ 0% | -28.03M▼ 76.7% | -34.87M▼ 24.4% | -46.82M▼ 34.3% | -59.09M▼ 26.2% | -33.8M▲ 42.8% | -38.77M▼ 14.7% | -73.38M▼ 89.3% | -121.29M▼ 65.3% | -107.27M▲ 0% |
| Operating Margin % | -120.02% | -386.16% | -1288.08% | -580.07% | -7989.03% | -262.95% | -243.3% | -419.62% | -866.63% | -154.98% |
| Operating Income Growth % | - | -76.69% | -24.4% | -34.29% | -26.2% | 42.8% | -14.71% | -89.28% | -65.29% | - |
| EBITDA | -15.21M | -27.1M | -33.32M | -44.03M | -55.97M | -28.18M | -35.12M | -71.21M | -119.1M | -105.54M |
| EBITDA Margin % | -115.09% | -373.32% | -1231.05% | -545.46% | -7567.72% | -219.29% | -220.41% | -407.17% | -850.94% | -152.49% |
| EBITDA Growth % | - | -78.13% | -22.98% | -32.13% | -27.12% | 49.65% | -24.62% | -102.73% | -67.26% | 3.56% |
| D&A (Non-Cash Add-back) | 651.56K | 931.93K | 1.54M | 2.79M | 3.12M | 5.61M | 3.65M | 2.18M | 2.2M | 1.73M |
| EBIT | -15.85M | -16.14M | -34.15M | -46.21M | -58.9M | -33.82M | -38.68M | -72.23M | -117.91M | -100.21M |
| Net Interest Income | -70.96K | -13.01M | -18.68M | -759.91K | -673.64K | -729K | -1.25M | -2.81M | -4.83M | -14.58M |
| Interest Income | 14.91K | 268 | 304.98K | 613.72K | 184.36K | 33K | 1.09M | 3.47M | 7.65M | 7.06M |
| Interest Expense | 85.86K | 13.01M | 18.99M | 1.37M | 858K | 762K | 2.34M | 6.27M | 12.49M | 21.64M |
| Other Income/Expense | -70.96K | -1.13M | -18.27M | -759.91K | -673.64K | -782K | -2.25M | -5.12M | -9.1M | -14.58M |
| Pretax Income | -15.93M▲ 0% | -29.15M▼ 83.0% | -53.14M▼ 82.3% | -47.58M▲ 10.4% | -59.76M▼ 25.6% | -34.58M▲ 42.1% | -41.02M▼ 18.6% | -78.5M▼ 91.4% | -130.39M▼ 66.1% | -121.85M▲ 0% |
| Pretax Margin % | -120.56% | -401.68% | -1962.92% | -589.48% | -8080.11% | -269.03% | -257.39% | -448.89% | -931.65% | -176.04% |
| Income Tax | 14.91K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | -0.09% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -15.93M▲ 0% | -29.15M▼ 83.0% | -53.14M▼ 82.3% | -47.58M▲ 10.4% | -59.76M▼ 25.6% | -34.58M▲ 42.1% | -41.02M▼ 18.6% | -78.5M▼ 91.4% | -130.39M▼ 66.1% | -121.85M▲ 0% |
| Net Margin % | -120.56% | -401.68% | -1962.92% | -589.48% | -8080.11% | -269.03% | -257.39% | -448.89% | -931.65% | -176.04% |
| Net Income Growth % | - | -82.97% | -82.26% | 10.45% | -25.6% | 42.14% | -18.61% | -91.4% | -66.1% | -1.99% |
| Net Income (Continuing) | -15.93M | -29.15M | -53.14M | -47.58M | -59.76M | -34.58M | -41.02M | -78.5M | -130.39M | -121.85M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.86▲ 0% | -3.40▼ 82.8% | -7.42▼ 118.2% | -2.51▲ 66.2% | -1.76▲ 29.9% | -0.70▲ 60.2% | -0.67▲ 4.3% | -1.21▼ 80.6% | -1.66▼ 37.2% | -1.41▲ 0% |
| EPS Growth % | - | -82.8% | -118.24% | 66.17% | 29.88% | 60.23% | 4.29% | -80.6% | -37.19% | 10.57% |
| EPS (Basic) | -1.86 | -3.40 | -7.42 | -2.51 | -1.76 | -0.70 | -0.67 | -1.21 | -1.66 | - |
| Diluted Shares Outstanding | 8.59M | 8.59M | 7.16M | 18.48M | 33.89M | 49.68M | 60.96M | 64.99M | 78.71M | 86.33M |
| Basic Shares Outstanding | 8.59M | 8.59M | 7.16M | 18.48M | 33.89M | 49.68M | 60.96M | 64.99M | 78.71M | 86.33M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
LQDA Balance Sheet
Liquidia Corporation (LQDA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 3.15M | 5.48M | 40.03M | 56.39M | 66.07M | 61.28M | 99.81M | 89.9M | 185.1M | 226.72M |
| Cash & Short-Term Investments | 1.44M | 3.42M | 39.53M | 55.8M | 65.32M | 57.49M | 93.28M | 83.68M | 176.48M | 157.5M |
| Cash Only | 1.44M | 3.42M | 39.53M | 55.8M | 65.32M | 57.49M | 93.28M | 83.68M | 176.48M | 157.5M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.24M | 1.62M | 272.56K | 0 | 0 | 2.99M | 5.02M | 4.06M | 2.72M | 35.96M |
| Days Sales Outstanding | 34.21 | 81.58 | 36.75 | - | - | 84.91 | 114.92 | 84.76 | 70.91 | 65.78 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 241K | 24.53M |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | 14.96 | 405.1 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | -381 | 1.51M | 2.16M | 5.67M | 8.73M |
| Total Non-Current Assets | 5.34M | 9.36M | 9.39M | 12.46M | 33.46M | 32.45M | 29.39M | 28.43M | 45.21M | 49.26M |
| Property, Plant & Equipment | 4.35M | 8.24M | 8.13M | 12.08M | 9.45M | 7.43M | 6.25M | 6.18M | 12.48M | 14.72M |
| Fixed Asset Turnover | 3.04x | 0.88x | 0.33x | 0.67x | 0.08x | 1.73x | 2.55x | 2.83x | 1.12x | 5.18x |
| Goodwill | 0 | 0 | 0 | 0 | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M |
| Intangible Assets | 0 | 0 | 0 | 0 | 5.53M | 4.39M | 3.73M | 3.43M | 3.16M | 2.99M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.5M |
| Other Non-Current Assets | 992.72K | 1.12M | 1.26M | 378.04K | 14.57M | 16.73M | 15.51M | 14.92M | 25.66M | 121.67M |
| Total Assets | 8.49M▲ 0% | 14.84M▲ 74.9% | 49.42M▲ 232.9% | 68.84M▲ 39.3% | 99.53M▲ 44.6% | 93.73M▼ 5.8% | 129.2M▲ 37.8% | 118.33M▼ 8.4% | 230.31M▲ 94.6% | 275.98M▲ 0% |
| Asset Turnover | 1.56x | 0.49x | 0.05x | 0.12x | 0.01x | 0.14x | 0.12x | 0.15x | 0.06x | 0.28x |
| Asset Growth % | - | 74.91% | 232.93% | 39.3% | 44.58% | -5.83% | 37.84% | -8.41% | 94.63% | 164.28% |
| Total Current Liabilities | 12.09M | 30.52M | 8.25M | 16.87M | 11.74M | 7.33M | 8.8M | 18.55M | 41.78M | 102.94M |
| Accounts Payable | 2.41M | 4.42M | 3.24M | 3.5M | 3.73M | 1.07M | 2.2M | 1.4M | 4.69M | 6.02M |
| Days Payables Outstanding | 956.32 | 5.05K | 9.73K | 1.58K | 5.73K | 129.19 | 280.48 | 176.43 | 291.12 | 382.23 |
| Short-Term Debt | 2.9M | 15.61M | 316.91K | 5.59M | 0 | 0 | 0 | 2.62M | 18.02M | 56.48M |
| Deferred Revenue (Current) | 3.34M | 3.61M | 8.07B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.16M | 2.22M | 268.6K | 1.29M | 5.03M | 3.16M | 2.86M | 8.54M | 18.66M | 31.27M |
| Current Ratio | 0.26x | 0.18x | 4.85x | 3.34x | 5.63x | 8.36x | 11.34x | 4.85x | 4.43x | 4.43x |
| Quick Ratio | 0.26x | 0.18x | 4.85x | 3.34x | 5.63x | 8.36x | 11.34x | 4.85x | 4.42x | 4.42x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | -205.25 | 88.65 |
| Total Non-Current Liabilities | 14.64M | 18.01M | 22.48M | 17.02M | 16.71M | 21.14M | 29.98M | 52.49M | 111.26M | 150.99M |
| Long-Term Debt | 5.22M | 5.56M | 11.63M | 10.29M | 10.29M | 10.41M | 19.88M | 43.42M | 97.37M | 136.45M |
| Capital Lease Obligations | 243.43K | 510.63K | 376.08K | 6.73M | 5.26M | 4.58M | 3.5M | 2.36M | 6.59M | 25.7M |
| Deferred Tax Liabilities | -243.43K | -510.63K | -376.08K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 456.9K | 6.42M | 2.41M | 0 | 1.15M | 6.14M | 6.59M | 6.71M | 7.3M | 31.09M |
| Total Liabilities | 26.73M | 48.54M | 30.73M | 33.89M | 28.45M | 28.46M | 38.78M | 71.04M | 153.04M | 253.93M |
| Total Debt | 8.68M | 22.15M | 12.77M | 24.42M | 17.14M | 16.08M | 24.46M | 49.54M | 122.39M | 199.18M |
| Net Debt | 7.24M | 18.73M | -26.76M | -31.38M | -48.17M | -41.41M | -68.82M | -34.14M | -54.09M | 41.69M |
| Debt / Equity | - | - | 0.68x | 0.70x | 0.24x | 0.25x | 0.27x | 1.05x | 1.58x | 1.58x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | -1.89x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.39x |
| Interest Coverage | -184.74x | -2.15x | -1.84x | -34.09x | -68.87x | -44.35x | -16.58x | -11.70x | -9.71x | -4.63x |
| Total Equity | -18.25M▲ 0% | -33.69M▼ 84.7% | 18.69M▲ 155.5% | 34.95M▲ 87.0% | 71.09M▲ 103.4% | 65.27M▼ 8.2% | 90.42M▲ 38.5% | 47.29M▼ 47.7% | 77.28M▲ 63.4% | 22.05M▲ 0% |
| Equity Growth % | - | -84.66% | 155.47% | 87.01% | 103.41% | -8.19% | 38.55% | -47.7% | 63.4% | -134.8% |
| Book Value per Share | -2.12 | -3.92 | 2.61 | 1.89 | 2.10 | 1.31 | 1.48 | 0.73 | 0.98 | 0.26 |
| Total Shareholders' Equity | -18.25M | -33.69M | 18.69M | 34.95M | 71.09M | 65.27M | 90.42M | 47.29M | 77.28M | 22.05M |
| Common Stock | 554 | 570 | 15.52K | 28.23K | 43.34K | 52K | 64K | 69K | 85K | 87K |
| Retained Earnings | -84.26M | -113.41M | -167.05M | -215.24M | -275M | -309.58M | -350.6M | -429.1M | -559.49M | -640.87M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -6.87M | -7.8M | -9.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LQDA Cash Flow Statement
Liquidia Corporation (LQDA) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -13.95M | -24.29M | -31.83M | -48.28M | -54.14M | -34.03M | -28.59M | -41.56M | -93.42M | -93.42M |
| Operating CF Margin % | -105.52% | -334.66% | -1175.87% | -598.14% | -7320.51% | -264.8% | -179.4% | -237.67% | -667.49% | - |
| Operating CF Growth % | - | -74.17% | -31.04% | -51.69% | -12.14% | 37.14% | 16% | -45.39% | -124.77% | -66.78% |
| Net Income | -15.93M | -29.15M | -53.14M | -47.58M | -59.76M | -34.58M | -41.02M | -78.5M | -130.39M | -121.85M |
| Depreciation & Amortization | 651.56K | 931.93K | 1.54M | 2.57M | 3.13M | 5.61M | 3.65M | 2.18M | 2.2M | 1.73M |
| Stock-Based Compensation | 347.44K | 514.09K | 2.2M | 3.38M | 3.95M | 6.75M | 9.3M | 10.09M | 18.81M | 27.3M |
| Deferred Taxes | 0 | -11.88M | -415.41K | 6.59K | 10.8K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 391.65K | 14.91M | 17.69M | 300.9K | 235.53K | 566K | 1.64M | 18.8M | 20.76M | 25.46M |
| Working Capital Changes | 596.41K | 389.67K | 294.85K | -6.95M | -1.71M | -12.38M | -2.16M | 5.87M | -4.79M | -33.38M |
| Change in Receivables | 2.53M | -328.46K | 1.35B | 272.56K | 0 | -2.99M | -2.03M | 956K | 1.34M | -31.76M |
| Change in Inventory | 0 | 0 | -1.35B | -272.56K | 0 | 0 | 0 | 0 | -241K | -24.13M |
| Change in Payables | 1.31M | 1.87M | -1.28M | 294.51K | -297.16K | -7.56M | 814K | -1.15M | 2.33M | 1.92M |
| Cash from Investing | -2.89M | -2.54M | -870.94K | -1.85M | 247.91K | -107K | -587K | -11.29M | -8.44M | -7.08M |
| Capital Expenditures | -2.89M | -2.54M | -870.94K | -1.85M | -752.09K | -107K | -592K | -1.29M | -4.95M | -3.59M |
| CapEx % of Revenue | 21.83% | 35.05% | 32.17% | 22.92% | 101.68% | 0.83% | 3.72% | 7.38% | 35.36% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 1M | 0 | 5K | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10M | -3.49M | -3.49M |
| Cash from Financing | 6.11M | 28.81M | 68.82M | 66.39M | 63.42M | 26.32M | 64.96M | 43.25M | 194.66M | 64.45M |
| Debt Issued (Net) | 5.66M | 30.12M | -1.43M | 3.97M | -6.77M | -420K | 8.96M | 19.37M | 52.5M | 57M |
| Equity Issued (Net) | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1.78M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 445.47K | -1.3M | -2.18M | 0 | -1.04M | 5.03M | 1.55M | -363K | 3.61M | 3.91M |
| Net Change in Cash | -10.72M▲ 0% | 1.98M▲ 118.5% | 36.12M▲ 1723.8% | 16.26M▼ 55.0% | 9.52M▼ 41.5% | -7.82M▼ 182.2% | 35.79M▲ 557.5% | -9.6M▼ 126.8% | 92.8M▲ 1066.3% | -43.37M▲ 0% |
| Free Cash Flow | -16.83M▲ 0% | -26.83M▼ 59.4% | -32.7M▼ 21.9% | -50.13M▼ 53.3% | -54.9M▼ 9.5% | -34.14M▲ 37.8% | -29.18M▲ 14.5% | -42.85M▼ 46.9% | -98.37M▼ 129.5% | -107.83M▲ 0% |
| FCF Margin % | -127.35% | -369.72% | -1208.04% | -621.06% | -7422.19% | -265.63% | -183.12% | -245.05% | -702.85% | -155.79% |
| FCF Growth % | - | -59.43% | -21.86% | -53.3% | -9.5% | 37.81% | 14.53% | -46.86% | -129.55% | -16.62% |
| FCF per Share | -1.96 | -3.13 | -4.57 | -2.71 | -1.62 | -0.69 | -0.48 | -0.66 | -1.25 | -1.25 |
| FCF Conversion (FCF/Net Income) | 0.88x | 0.83x | 0.60x | 1.01x | 0.91x | 0.98x | 0.70x | 0.53x | 0.72x | 0.88x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 423K | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LQDA Key Ratios
Liquidia Corporation (LQDA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -284.34% | -177.43% | -112.72% | -50.72% | -52.69% | -114.01% | -209.35% | -552.55% |
| Return on Invested Capital (ROIC) | - | - | - | -334.73% | -108.41% | -127.95% | -316.75% | -500.72% | -500.72% |
| Gross Margin | 95.59% | 95.52% | 90% | 67.86% | 76.48% | 82.06% | 83.49% | 58% | 89.4% |
| Net Margin | -401.68% | -1962.92% | -589.48% | -8080.11% | -269.03% | -257.39% | -448.89% | -931.65% | -176.04% |
| Debt / Equity | - | 0.68x | 0.70x | 0.24x | 0.25x | 0.27x | 1.05x | 1.58x | 1.58x |
| Interest Coverage | -2.15x | -1.84x | -34.09x | -68.87x | -44.35x | -16.58x | -11.70x | -9.71x | -4.63x |
| FCF Conversion | 0.83x | 0.60x | 1.01x | 0.91x | 0.98x | 0.70x | 0.53x | 0.72x | 0.88x |
| Revenue Growth | -45.08% | -62.7% | 198.2% | -90.84% | 1637.77% | 23.98% | 9.75% | -19.97% | 343.41% |
LQDA SEC Filings & Documents
Liquidia Corporation (LQDA) SEC filings — annual & quarterly reports (10-K, 10-Q)
LQDA Frequently Asked Questions
Liquidia Corporation (LQDA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Liquidia Corporation (LQDA) reported $69.2M in revenue for fiscal year 2024. This represents a 424% increase from $13.2M in 2016.
Liquidia Corporation (LQDA) saw revenue decline by 20.0% over the past year.
Liquidia Corporation (LQDA) reported a net loss of $121.8M for fiscal year 2024.
Dividend & Returns
Liquidia Corporation (LQDA) has a return on equity (ROE) of -209.4%. Negative ROE indicates the company is unprofitable.
Liquidia Corporation (LQDA) had negative free cash flow of $107.8M in fiscal year 2024, likely due to heavy capital investments.
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