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Side-by-side financial comparison of Liquidia Corp (LQDA) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.

Porch Group, Inc. is the larger business by last-quarter revenue ($121.1M vs $92.0M, roughly 1.3× Liquidia Corp). Liquidia Corp runs the higher net margin — 15.8% vs -3.9%, a 19.7% gap on every dollar of revenue. On growth, Liquidia Corp posted the faster year-over-year revenue change (3054.6% vs 100.0%).

Liquidia Corp is a late-stage biopharmaceutical firm focused on developing and commercializing innovative inhaled therapies for respiratory and rare diseases. It uses its proprietary PRINT particle engineering tech to create optimized drug products, with core markets in North America covering pulmonary arterial hypertension and asthma indications.

Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.

LQDA vs PRCH — Head-to-Head

Bigger by revenue
PRCH
PRCH
1.3× larger
PRCH
$121.1M
$92.0M
LQDA
Growing faster (revenue YoY)
LQDA
LQDA
+2954.6% gap
LQDA
3054.6%
100.0%
PRCH
Higher net margin
LQDA
LQDA
19.7% more per $
LQDA
15.8%
-3.9%
PRCH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LQDA
LQDA
PRCH
PRCH
Revenue
$92.0M
$121.1M
Net Profit
$14.6M
$-4.7M
Gross Margin
52.7%
Operating Margin
21.5%
34.7%
Net Margin
15.8%
-3.9%
Revenue YoY
3054.6%
100.0%
Net Profit YoY
137.9%
2.0%
EPS (diluted)
$0.18
$-0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LQDA
LQDA
PRCH
PRCH
Q1 26
$121.1M
Q4 25
$92.0M
$112.3M
Q3 25
$54.3M
$115.1M
Q2 25
$107.0M
Q1 25
$84.5M
Q4 24
$75.3M
Q3 24
$77.7M
Q2 24
$75.9M
Net Profit
LQDA
LQDA
PRCH
PRCH
Q1 26
$-4.7M
Q4 25
$14.6M
$-3.5M
Q3 25
$-3.5M
$-10.9M
Q2 25
$2.6M
Q1 25
$8.4M
Q4 24
$30.5M
Q3 24
$14.4M
Q2 24
$-64.3M
Gross Margin
LQDA
LQDA
PRCH
PRCH
Q1 26
52.7%
Q4 25
99.5%
Q3 25
75.6%
Q2 25
70.9%
Q1 25
77.4%
Q4 24
Q3 24
79.4%
Q2 24
22.1%
Operating Margin
LQDA
LQDA
PRCH
PRCH
Q1 26
34.7%
Q4 25
21.5%
14.7%
Q3 25
3.3%
14.2%
Q2 25
4.7%
Q1 25
-1.5%
Q4 24
33.3%
Q3 24
-3.2%
Q2 24
-69.2%
Net Margin
LQDA
LQDA
PRCH
PRCH
Q1 26
-3.9%
Q4 25
15.8%
-3.1%
Q3 25
-6.5%
-9.4%
Q2 25
2.4%
Q1 25
9.9%
Q4 24
40.5%
Q3 24
18.5%
Q2 24
-84.8%
EPS (diluted)
LQDA
LQDA
PRCH
PRCH
Q1 26
$-0.04
Q4 25
$0.18
$0.00
Q3 25
$-0.04
$-0.10
Q2 25
$0.00
Q1 25
$0.07
Q4 24
$0.34
Q3 24
$0.12
Q2 24
$-0.65

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LQDA
LQDA
PRCH
PRCH
Cash + ST InvestmentsLiquidity on hand
$190.7M
$68.4M
Total DebtLower is stronger
$391.3M
Stockholders' EquityBook value
$44.7M
$26.3M
Total Assets
$327.9M
$806.6M
Debt / EquityLower = less leverage
14.87×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LQDA
LQDA
PRCH
PRCH
Q1 26
$68.4M
Q4 25
$190.7M
$57.3M
Q3 25
$157.5M
$85.0M
Q2 25
$79.8M
Q1 25
$70.4M
Q4 24
$191.7M
Q3 24
$238.6M
Q2 24
$308.4M
Total Debt
LQDA
LQDA
PRCH
PRCH
Q1 26
$391.3M
Q4 25
$392.8M
Q3 25
$387.1M
Q2 25
$394.1M
Q1 25
$409.2M
Q4 24
$403.9M
Q3 24
$399.0M
Q2 24
$436.8M
Stockholders' Equity
LQDA
LQDA
PRCH
PRCH
Q1 26
$26.3M
Q4 25
$44.7M
$-24.6M
Q3 25
$22.1M
$-27.9M
Q2 25
$-29.3M
Q1 25
$-52.4M
Q4 24
$-43.2M
Q3 24
$-77.0M
Q2 24
$-101.9M
Total Assets
LQDA
LQDA
PRCH
PRCH
Q1 26
$806.6M
Q4 25
$327.9M
$797.4M
Q3 25
$276.0M
$787.7M
Q2 25
$770.7M
Q1 25
$802.3M
Q4 24
$814.0M
Q3 24
$867.3M
Q2 24
$876.1M
Debt / Equity
LQDA
LQDA
PRCH
PRCH
Q1 26
14.87×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LQDA
LQDA
PRCH
PRCH
Operating Cash FlowLast quarter
$44.2M
Free Cash FlowOCF − Capex
$42.2M
FCF MarginFCF / Revenue
45.9%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LQDA
LQDA
PRCH
PRCH
Q1 26
Q4 25
$44.2M
$1.2M
Q3 25
$-9.8M
$40.8M
Q2 25
$35.6M
Q1 25
$-11.2M
Q4 24
$-26.6M
Q3 24
$12.4M
Q2 24
$-26.0M
Free Cash Flow
LQDA
LQDA
PRCH
PRCH
Q1 26
Q4 25
$42.2M
$1.1M
Q3 25
$-10.7M
$40.7M
Q2 25
$35.4M
Q1 25
$-11.2M
Q4 24
$-26.8M
Q3 24
$12.2M
Q2 24
$-26.0M
FCF Margin
LQDA
LQDA
PRCH
PRCH
Q1 26
Q4 25
45.9%
1.0%
Q3 25
-19.7%
35.4%
Q2 25
33.0%
Q1 25
-13.3%
Q4 24
-35.6%
Q3 24
15.7%
Q2 24
-34.3%
Capex Intensity
LQDA
LQDA
PRCH
PRCH
Q1 26
Q4 25
2.2%
0.1%
Q3 25
1.7%
0.1%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
0.3%
Q2 24
0.1%
Cash Conversion
LQDA
LQDA
PRCH
PRCH
Q1 26
Q4 25
3.04×
Q3 25
Q2 25
13.79×
Q1 25
-1.33×
Q4 24
-0.87×
Q3 24
0.86×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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