Liquidia CorpLQDAEarnings & Financial Report
Nasdaq
NextMar 19, 2026
LQDA Q3 2025 Key Financial Metrics
Revenue
$54.3M
Gross Profit
N/A
Operating Profit
$1.8M
Net Profit
$-3.5M
Gross Margin
N/A
Operating Margin
3.3%
Net Margin
-6.5%
YoY Growth
1121.7%
EPS
$-0.04
Financial Flow
Liquidia Corp Q3 2025 Financial Summary
Liquidia Corp reported revenue of $54.3M for Q3 2025, with a net profit of $-3.5M (-6.5% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $54.3M |
|---|---|
| Net Profit | $-3.5M |
| Gross Margin | N/A |
| Operating Margin | 3.3% |
| Report Period | Q3 2025 |
Liquidia Corp Annual Revenue by Year
Liquidia Corp annual revenue history includes year-by-year totals (for example, 2024 revenue was $14.0M).
| Year | Annual Revenue |
|---|---|
| 2024 | $14.0M |
| 2023 | $17.5M |
| 2022 | $15.9M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5M | $3.0M | $3.7M | $4.4M | $2.9M | $3.1M | $8.8M | $54.3M |
| YoY Growth | -15.5% | -33.9% | -23.5% | 20.9% | -35.6% | 5.0% | 141.5% | 1121.7% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $118.3M | $197.1M | $177.4M | $252.9M | $230.3M | $227.4M | $257.4M | $276.0M |
| Liabilities | $71.0M | $110.9M | $114.6M | $142.4M | $153.0M | $177.7M | $242.2M | $253.9M |
| Equity | $47.3M | $86.3M | $62.7M | $110.5M | $77.3M | $49.7M | $15.2M | $22.1M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-16.0M | $-24.9M | $-22.7M | $-25.1M | $-20.8M | $-30.7M | $-39.5M | $-9.8M |