Liquidia Corporation (LQDA) quarterly income statement — complete revenue, gross profit & net income history
Liquidia Corporation (LQDA) annual income statement — 10-year revenue, gross profit & net income history
| 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 |
|---|
| Sales/Revenue | 171.68M | 132.87M | 92.02M | 54.34M | 8.84M | 3.12M | 2.92M | 4.45M | 3.66M | 2.97M | 4.53M | 3.68M | 4.79M | 4.49M | 5.36M | 3.17M | 3.92M | 3.49M | 3.22M | 3.18M |
| Revenue Growth % | 1842.73% | 4158.49% | 3054.65% | 1121.72% | 141.51% | 4.98% | -35.62% | 20.94% | -23.55% | -33.85% | -15.47% | 16.21% | 22.15% | 28.67% | 66.72% | -0.44% | 16.05% | 13.23% | 334.68% | - |
| Cost of Goods Sold | 11.55M | 12.15M | 7.05M | 3.17M | 1.29M | 1.52M | 1.35M | 1.56M | 1.49M | 1.76M | 993K | 570K | 671K | 654K | 694K | 740K | 731K | 694K | 725.93K | 890K |
| COGS % of Revenue | 6.73% | 9.14% | 7.67% | 5.84% | 14.62% | 48.62% | 46.42% | 35.18% | 40.8% | 59.08% | 21.92% | 15.5% | 14.02% | 14.56% | 12.95% | 23.38% | 18.66% | 19.87% | 22.58% | 28% |
| Gross Profit | 160.13M | 120.72M | 84.97M | 51.17M | 7.54M | 1.6M | 1.56M | 2.88M | 2.17M | 1.22M | 3.54M | 3.11M | 4.12M | 3.84M | 4.67M | 2.42M | 3.19M | 2.8M | 2.49M | 2.29M |
| Gross Margin % | 93.27% | 90.86% | 92.33% | 94.16% | 85.38% | 51.38% | 53.58% | 64.82% | 59.2% | 40.92% | 78.08% | 84.5% | 85.98% | 85.44% | 87.05% | 76.62% | 81.34% | 80.13% | 77.42% | 72% |
| Gross Profit Growth % | 2022.32% | 7430.63% | 5336.08% | 1674.85% | 248.34% | 31.83% | -55.82% | -7.24% | -47.36% | -68.33% | -24.17% | 28.16% | 29.12% | 37.21% | 87.46% | 5.94% | 19.72% | 17.07% | 395.92% | - |
| Operating Expenses | 74.61M | 59.21M | 65.18M | 49.4M | 45.05M | 37.03M | 37.67M | 32.07M | 29.36M | 30.02M | 29.97M | 18M | 26.94M | 13.07M | 11.16M | 11.26M | 12.16M | 17.27M | 13.85M | 9.37M |
| OpEx % of Revenue | 43.46% | 44.57% | 70.83% | 90.91% | 509.79% | 1186.79% | 1291.4% | 721.04% | 802.49% | 1009.99% | 661.53% | 489.37% | 562.89% | 290.92% | 208.26% | 355.64% | 310.29% | 494.56% | 430.84% | 294.72% |
| Selling, General & Admin | 57.43M | 46.94M | 48.24M | 40.06M | 38.82M | 30.06M | 21.2M | 20.18M | 19.94M | 20.25M | 17.14M | 10.56M | 9.24M | 7.79M | 6.19M | 6.74M | 6.94M | 12.54M | 8.47M | 4.88M |
| SG&A % of Revenue | 33.45% | 35.33% | 52.42% | 73.71% | 439.33% | 963.53% | 726.6% | 453.73% | 545.04% | 681.33% | 378.39% | 287.09% | 193.17% | 173.45% | 115.43% | 213.08% | 177.08% | 359.16% | 263.48% | 153.57% |
| Research & Development | 17.18M | 12.27M | 16.94M | 9.35M | 6.02M | 6.97M | 16.48M | 11.89M | 9.42M | 9.77M | 12.83M | 7.44M | 17.7M | 5.28M | 4.98M | 4.51M | 5.22M | 4.73M | 5.38M | 4.49M |
| R&D % of Revenue | 10.01% | 9.24% | 18.41% | 17.2% | 68.13% | 223.27% | 564.79% | 267.31% | 257.45% | 328.67% | 283.14% | 202.28% | 369.72% | 117.47% | 92.84% | 142.56% | 133.21% | 135.4% | 167.36% | 141.15% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 205K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 85.52M | 61.5M | 19.79M | 1.77M | -37.51M | -35.42M | -36.11M | -29.19M | -27.2M | -28.8M | -26.44M | -14.89M | -22.82M | -9.23M | -6.5M | -8.83M | -8.97M | -14.47M | -11.36M | -7.08M |
| Operating Margin % | 49.81% | 46.29% | 21.5% | 3.25% | -424.41% | -1135.42% | -1237.81% | -656.23% | -743.29% | -969.08% | -583.45% | -404.87% | -476.91% | -205.48% | -121.21% | -279.02% | -228.94% | -414.43% | -353.42% | -222.71% |
| Operating Income Growth % | 328.01% | 273.62% | 154.8% | 106.05% | -37.9% | -23% | -36.58% | -96.02% | -19.15% | -211.97% | -306.9% | -68.62% | -154.46% | 36.21% | 42.82% | -24.73% | -41.17% | -60.78% | 28.6% | 52.2% |
| EBITDA | 85.92M | 62M | 20.11M | 2.24M | -37.22M | -34.97M | -35.59M | -28.58M | -26.62M | -28.31M | -26.02M | -14.29M | -22.24M | -8.66M | -5.93M | -7.7M | -7.96M | -13.4M | -10.49M | -5.54M |
| EBITDA Margin % | 50.05% | 46.66% | 21.85% | 4.13% | -421.23% | -1120.96% | -1220.05% | -642.51% | -727.44% | -952.62% | -574.22% | -388.5% | -464.61% | -192.81% | -110.65% | -243.38% | -203.27% | -383.79% | -326.31% | -174.11% |
| EBITDA Growth % | 330.81% | 277.28% | 156.5% | 107.85% | -39.85% | -23.53% | -36.79% | -100.01% | -19.7% | -226.82% | -338.68% | -85.5% | -179.21% | 35.36% | 43.46% | -39.17% | -67.03% | -81.3% | 29.89% | 60.72% |
| D&A (Non-Cash Add-back) | 400K | 497K | 320K | 476K | 281K | 451K | 518K | 610K | 580K | 489K | 418K | 602K | 589K | 569K | 566K | 1.13M | 1.01M | 1.07M | 871.63K | 1.54M |
| EBIT | 87.99M | 63.28M | 21.45M | 3.41M | -35.92M | -33.7M | -34M | -20.16M | -25.34M | -38.4M | -25.49M | -14.03M | -22.09M | -10.62M | -5.83M | -8.47M | -8.9M | -15.46M | -11.36M | -7.08M |
| Net Interest Income | -3.82M | -4.72M | -5.23M | -5.3M | -4.07M | -2.94M | -2.26M | -1.18M | -745K | -644K | -1.01M | -899K | -692K | -202K | -36K | -261K | -477K | -474K | -200.67K | -201K |
| Interest Income | 2.48M | 1.77M | 1.67M | 1.65M | 1.58M | 1.73M | 2.1M | 1.81M | 1.85M | 1.88M | 948K | 862K | 734K | 922K | 662K | 359K | 65K | 4K | 3.91K | 4K |
| Interest Expense | 6.3M | 6.49M | 6.9M | 6.95M | 5.66M | 4.67M | 4.37M | 3M | 2.6M | 2.52M | 1.96M | 1.76M | 1.43M | 1.12M | 698K | 620K | 542K | 478K | 204.59K | 205K |
| Other Income/Expense | -3.82M | -4.72M | -5.23M | -5.3M | -4.07M | -2.94M | -2.26M | 6.03M | -745K | -12.13M | -1.01M | -899K | -692K | -2.51M | -36K | -261K | -477K | -1.47M | -200.67K | -201K |
| Pretax Income | 81.7M | 56.78M | 14.55M | -3.53M | -41.58M | -38.37M | -38.37M | -23.16M | -27.94M | -40.93M | -27.45M | -15.79M | -23.52M | -11.74M | -6.53M | -9.09M | -9.45M | -15.94M | -11.56M | -7.28M |
| Pretax Margin % | 47.59% | 42.74% | 15.82% | -6.5% | -470.51% | -1229.71% | -1315.36% | -520.57% | -763.65% | -1377.12% | -605.83% | -429.31% | -491.37% | -261.41% | -121.88% | -287.27% | -241.12% | -456.56% | -359.66% | -229.03% |
| Income Tax | 6.97M | 3.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 8.54% | 6.9% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 74.72M | 52.86M | 14.55M | -3.53M | -41.58M | -38.37M | -38.37M | -23.16M | -27.94M | -40.93M | -27.45M | -15.79M | -23.52M | -11.74M | -6.53M | -9.09M | -9.45M | -15.94M | -11.56M | -7.28M |
| Net Margin % | 43.52% | 39.79% | 15.82% | -6.5% | -470.51% | -1229.71% | -1315.36% | -520.57% | -763.65% | -1377.12% | -605.83% | -429.31% | -491.37% | -261.41% | -121.88% | -287.27% | -241.12% | -456.56% | -359.66% | -229.03% |
| Net Income Growth % | 279.71% | 237.78% | 137.93% | 84.74% | -48.8% | 6.26% | -39.78% | -46.64% | -18.82% | -248.47% | -320.17% | -73.67% | -148.94% | 26.33% | 43.5% | -24.87% | -44.19% | -73.61% | 28.12% | 51.36% |
| Net Income (Continuing) | 74.72M | 52.86M | 14.55M | -3.53M | -41.58M | -38.37M | -38.37M | -23.16M | -27.94M | -40.93M | -27.45M | -15.79M | -23.52M | -11.74M | -6.53M | -9.09M | -9.45M | -15.94M | -11.56M | -7.28M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.74 | 0.52 | 0.15 | -0.04 | -0.49 | -0.45 | -0.45 | -0.30 | -0.37 | -0.54 | -0.42 | -0.24 | -0.36 | -0.18 | -0.10 | -0.14 | -0.15 | -0.30 | -0.23 | -0.14 |
| EPS Growth % | 251.02% | 215.56% | 133.33% | 86.37% | -32.43% | 16.67% | -7.14% | -25% | -2.78% | -200% | -320% | -71.43% | -140% | 40% | 56.52% | 0% | -15.38% | -42.86% | 45.24% | 65% |
| EPS (Basic) | 0.84 | 0.60 | 0.17 | -0.04 | -0.49 | -0.45 | -0.45 | -0.30 | -0.37 | -0.54 | -0.42 | -0.24 | -0.36 | -0.18 | -0.10 | -0.14 | -0.15 | -0.30 | -0.23 | -0.14 |
| Diluted Shares Outstanding | 101.4M | 101.11M | 100.05M | 86.33M | 85.59M | 85.17M | 84.68M | 78.32M | 76.44M | 75.39M | 65.67M | 64.86M | 64.79M | 64.66M | 62.71M | 64.46M | 62.18M | 52.47M | 51.07M | 52.08M |
| Basic Shares Outstanding | 88.89M | 88.01M | 87.11M | 86.33M | 85.59M | 85.17M | 84.68M | 78.32M | 76.44M | 75.39M | 65.67M | 64.86M | 64.79M | 64.66M | 62.71M | 64.46M | 62.18M | 52.47M | 51.07M | 52.08M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |