Liquidia Corporation

Liquidia Corporation

LQDA
Liquidia CorporationUS flagNASDAQ Capital Market
68.66
USD
+0.03
- -
6.11BMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.6
0.85
0.38
0.44
0.02
0.26
0.26
0.27
0.18
1.84
3.32
Basic EPS, GAAP
-3.13
-3.4
-7.42
-2.57
-1.76
-0.7
-0.67
-1.21
-1.63
-0.8
0.26
Free Cash Flow per Basic Share
-3.31
-3.13
-4.57
-2.71
-1.62
-0.69
-0.48
-0.81
-1.29
-0.49
0.47
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-1.21
-2.23
1.2
1.24
1.64
1.25
1.4
0.69
0.94
0.51
1.23
Tangible Book Value per Share
-1.21
-2.23
1.2
1.24
1.42
1.09
1.28
0.58
0.85
0.43
1.15
Basic Weighted Avg Shares
5
9
7
18
34
50
61
65
79
86
87
Sales/Revenue/Turnover
13
7
3
8
1
13
16
17
14
158
288
Operating Margin (%)
-120.02
-386.16
-1,288.08
-580.07
-7,989.03
-262.95
-243.3
-419.62
-866.63
-32.45
15.81
Depreciation Expense
1
1
2
3
3
6
4
2
2
2
2
Net Income, GAAP
-16
-29
-53
-48
-60
-35
-41
-79
-128
-69
22
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
14.95
Profit Margin (%)
-120.56
-401.68
-1,962.92
-589.48
-8,080.11
-269.03
-257.39
-448.89
-916.63
-43.53
7.74
Working Capital
-9
-25
32
40
54
54
91
71
143
138
183
LT Debt
5
6
12
17
16
15
23
46
102
139
134
Total Equity
-18
-34
19
35
71
65
90
47
79
45
109
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
15.66
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
18.1
Return on Common Equity (%)
- -
- -
- -
-177.43
-112.72
-50.72
-52.69
-114.01
-202.56
-111.05
28.18

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
56
59
51
LT Borrowings
136
133
128
LT Finance Leases
6
6
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
87
87
88
Market Capitalization
1,974
3,008
3,333

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
227
273
333
Cash, Cash Equivalents & STI
157
191
223
Accounts Receivable, Net
36
54
74
Inventories
25
24
29
Total Current Liabilities
103
136
150
Payables & Accruals
38
57
93
ST Debt
56
59
51
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
1.37%
-43.63%
Free Cash Flow
- -
12.56%
-58.75%
Net Income, GAAP
- -
17%
-46.28%
Sales/Revenue/Turnover
- -
536.54%
1,031.18%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3
4
4
3
14
2025
3
9
54
92
158
2026
133
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.4
-0.38
-0.4
- -
-1.63
2025
-0.45
-0.49
-0.04
0.17
-0.8
2026
0.6
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Roger A. Jeffs
Full Time Employees
216
Sector
Healthcare
Industry
Medical - Pharmaceuticals
Address
419 Davis Drive Morrisville NC United States of America 27560
IPO Date
Jul 26, 2018
Business
Liquidia Corporation Liquidia Corporation (LQDA) is a biopharmaceutical company that develops, manufactures, and commercializes products addressing unmet needs in rare cardiopulmonary diseases, including pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD); its core offerings center on YUTREPIA, an inhaled dry powder formulation of treprostinil, alongside investigational therapies such as L606, a liposomal sustained-release formulation of treprostinil licensed from Pharmosa Biopharm Inc., and references to related products like Yutopia for inhalation and generic treprostinil options, all leveraging proprietary PRINT particle engineering technology for precise drug particle production. Founded in 2004 and headquartered in Morrisville, North Carolina, the company operates primarily in the United States through wholly owned subsidiaries Liquidia Technologies, Inc. and Liquidia PAH, LLC, targeting patients with rare respiratory conditions via innovative drug delivery systems that enhance convenience and efficacy. Recent developments include a $67.5 million common stock financing in September 2024 comprising a public offering and private placement with Caligan Partners LP, plus a $32.5 million advance under a fifth amendment to its Revenue Interest Financing Agreement with HealthCare Royalty, bringing total non-dilutive funding to $100 million and extending the agreement term to 2031 while supporting YUTREPIA commercialization, pediatric trials, and L606 advancement ahead of expected 2025 launch post-FDA tentative approval for PAH and PH-ILD; third quarter 2025 results highlighted launch momentum for YUTREPIA and improved profitability.

Company News

  • FDA Grants Fast Track Designation to YUTREPIA® for the Treatment of Raynaud's Phenomenon Associated with Systemic Sclerosis

  • Liquidia to Present Posters at the European Respiratory Society (ERS) 2026 Congress

  • Liquidia Corporation to Participate in Wells Fargo Annual Healthcare Conference

  • Can LQDA's Yutrepia Sustain Growth Amid Fierce PAH Competition?

  • Is the Options Market Predicting a Spike in Liquidia Stock?

  • Liquidia Corp (LQDA) Stock Down 3.1% -- Now Undervalued? GF Score: 70/100

  • Liquidia: A Linear Launch Priced For Exponential Growth

  • Liquidia vs. Insmed: Which Pulmonary Stock Has Better Prospects Now?

  • Will LQDA's Differentiated PAH Approach Drive Growth?

  • Liquidia Corp (LQDA) Shares Fall 5.8% -- What GF Score of 70 Tells Investors

  • Can Yutrepia's Strong Growth Drive Liquidia's PAH Expansion?

  • Handelsbanken Fonder AB Invests $1.99 Million in Liquidia Corporation $LQDA

  • LQDA Stock Down Post Q2 Earnings Release: What Should Investors Do Now?

  • Why Liquidia Stock Was Diving This Week

  • LQDA Q2 Earnings Top, Strong Yutrepia Sales Fuel Top-Line Growth

  • LQDA Q2 Earnings Call Highlights YUTREPIA and $1B 2027 Revenue Path

  • Liquidia: YUTREPIA's Launch Opens Upside If Growth Remains And Margins Follow

  • Liquidia Corporation (LQDA) Q2 2026 Earnings Call Transcript

  • Liquidia Q2 Earnings Call Highlights

  • Liquidia Corporation (LQDA) Q2 Earnings and Revenues Beat Estimates