Liquidia Corporation (LQDA) quarterly cash flow statement — complete operating, investing & financing history
Liquidia Corporation (LQDA) cash flow statement — 10-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 80.24M | -35.69M | 44.24M | -9.77M | -39.48M | -30.68M | -20.81M | -25.08M | -22.66M | -24.87M | -15.98M | -11.56M | -5.56M | -8.46M | -4.6M | -5.77M | -8.43M | -9.78M | -7.56M | -5.83M |
| Operating CF Margin % | 46.74% | -26.86% | 48.08% | -17.98% | -446.77% | -983.3% | -713.51% | -563.89% | -619.32% | -836.68% | -352.73% | -314.33% | -116.26% | -188.23% | -85.88% | -182.43% | -215.14% | -280.13% | -235.13% | -183.42% |
| Operating CF Growth % | 303.25% | -16.32% | 312.58% | 61.05% | -74.22% | -23.38% | -30.23% | -116.95% | -307.28% | -194.03% | -247.21% | -100.23% | 33.99% | 13.55% | 39.11% | 0.98% | -2.06% | 21.02% | 46.34% | 53.39% |
| Net Income | 74.72M | -68.92M | 14.55M | -3.53M | -41.58M | -38.37M | -38.37M | -23.16M | -27.94M | -30.08M | -27.45M | -15.79M | -23.52M | -11.74M | -6.53M | -9.09M | -9.45M | -15.94M | -11.56M | -7.28M |
| Depreciation & Amortization | 400K | 1.53M | 321K | 476K | 281K | 451K | 518K | 610K | 580K | 489K | 506K | 514K | 589K | 569K | 566K | 1.13M | 1.01M | 947K | 871.63K | 1.54M |
| Stock-Based Compensation | 10.37M | 29.47M | 7.21M | 7.9M | 6.93M | 7.44M | 5.03M | 4.88M | 4.37M | 4.52M | 2.55M | 2.49M | 2.5M | 2.55M | 1.82M | 1.65M | 1.65M | 4.18M | 3.82M | 1.22M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 7.03M | 26.42M | 8.98M | 7M | 5.71M | 4.72M | 8.02M | -7.54M | 2.72M | 3.27M | 1.47M | 1.86M | 11.52M | 3.35M | 194K | 193K | 192K | 1.06M | 157.73K | 140K |
| Working Capital Changes | -12.28M | -24.18M | 13.19M | -21.62M | -10.83M | -4.93M | 3.99M | 120K | -2.39M | -3.07M | 6.94M | -631K | 3.35M | -3.19M | -648K | 349K | -1.83M | -32K | -849.64K | -1.46M |
| Change in Receivables | -34.43M | -51.37M | -18.13M | -25.99M | -8.72M | 1.47M | 1.48M | -953K | -679K | 1.49M | -723K | 757K | 36K | 886K | -1.88M | 617K | -466K | -297K | 60.67K | -58K |
| Change in Inventory | -7.5M | -22.99M | 943K | -17.95M | -4.87M | -1.11M | -203K | 7.17M | -3.69M | -3.52M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -1.15M | -2.59M | -1.96M | -5.99M | 1.95M | 3.42M | 2.55M | -3.45M | 2.92M | 303K | 0 | -176K | 1.11M | -1.5M | 1.02M | -314K | -347K | 458K | -1.11M | -2.31M |
| Cash from Investing | -12.23M | -6.34M | -4.04M | -911K | -1.06M | -330K | -4.78M | -1.75M | -1.29M | -624K | -206K | -10.47M | -243K | -364K | -491K | -94K | -2K | 0 | -19.98K | 0 |
| Capital Expenditures | -11.23M | -4.34M | -2.04M | -911K | -1.06M | -330K | -1.29M | -1.75M | -1.29M | -624K | -206K | -10.47M | -243K | -366K | -491K | -94K | -7K | 0 | -19.98K | -240 |
| CapEx % of Revenue | 6.54% | 3.26% | 2.21% | 1.68% | 11.96% | 10.58% | 44.16% | 39.28% | 35.26% | 21% | 4.55% | 284.8% | 5.08% | 8.15% | 9.16% | 2.97% | 0.18% | - | 0.62% | 0.01% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1M | -2M | -2M | 0 | 0 | 0 | -3.49M | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 0 | 0 | 5K | 0 | 0 | 240 |
| Cash from Financing | -6.61M | 59.73M | -7.02M | -5.25M | 47.71M | 24.29M | -2.3M | 98.1M | -814K | 99.67M | 23.64M | 10.06M | -409K | 9.95M | 57K | 348K | 54.48M | 10.08M | 1.02M | 2M |
| Debt Issued (Net) | -8.06M | 53.88M | -8.06M | -8.06M | 47.15M | 22.79M | -4.88M | 32.46M | -27K | 24.95M | -680K | 9.9M | -25K | 9.52M | -76K | -75K | -78K | 9.19M | -90.14K | -80K |
| Equity Issued (Net) | 1.44M | 4.82M | 935K | 2.5M | 125K | 1.26M | -342K | 64.03M | 32K | 74.87M | 24.24M | 652K | 32K | 0 | 0 | 0 | 0 | 621K | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 1.02M | 100K | 314K | 435K | 235K | 2.93M | 1.62M | -819K | -148K | 84K | -492K | -416K | 431K | 133K | 423K | 54.55M | 276K | 1.11M | 2.08M |
| Net Change in Cash | 61.4M | 17.7M | 33.18M | -15.93M | 7.17M | -6.72M | -27.89M | 71.28M | -24.77M | 74.18M | 7.45M | -11.97M | -6.22M | 1.13M | -5.04M | -5.52M | 46.05M | 300K | -6.56M | -3.84M |
| Free Cash Flow | 69.01M | -40.02M | 42.21M | -10.68M | -40.54M | -31.01M | -25.6M | -26.83M | -23.95M | -25.49M | -16.19M | -22.04M | -5.81M | -8.82M | -5.09M | -5.87M | -8.44M | -9.78M | -7.58M | -5.83M |
| FCF Margin % | 40.2% | -30.12% | 45.87% | -19.66% | -458.73% | -993.88% | -877.65% | -603.17% | -654.58% | -857.67% | -357.27% | -599.13% | -121.33% | -196.37% | -95.04% | -185.4% | -215.31% | -280.13% | -235.75% | -183.42% |
| FCF Growth % | 270.23% | -29.07% | 264.86% | 60.19% | -69.25% | -21.65% | -58.15% | -21.75% | -312.45% | -188.9% | -217.79% | -275.53% | 31.16% | 9.8% | 32.79% | -0.63% | -1.71% | 21.35% | 46.35% | 53.84% |
| FCF per Share | 0.68 | -0.40 | 0.42 | -0.12 | -0.47 | -0.36 | -0.30 | -0.34 | -0.31 | -0.34 | -0.25 | -0.34 | -0.09 | -0.14 | -0.08 | -0.09 | -0.14 | -0.19 | -0.15 | -0.11 |
| FCF Conversion (FCF/Net Income) | 1.07x | -0.68x | 3.04x | 2.77x | 0.95x | 0.80x | 0.54x | 1.08x | 0.81x | 0.61x | 0.58x | 0.73x | 0.24x | 0.72x | 0.70x | 0.64x | 0.89x | 0.61x | 0.65x | 0.80x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 360K | 521K | 455K | 389K | 261K | 113.93K | 114K |
| Taxes Paid | 3.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |