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Side-by-side financial comparison of Liquidia Corp (LQDA) and REPUBLIC BANCORP INC (RBCAA). Click either name above to swap in a different company.

REPUBLIC BANCORP INC is the larger business by last-quarter revenue ($94.3M vs $92.0M, roughly 1.0× Liquidia Corp). REPUBLIC BANCORP INC runs the higher net margin — 24.2% vs 15.8%, a 8.4% gap on every dollar of revenue. On growth, Liquidia Corp posted the faster year-over-year revenue change (3054.6% vs 5.3%). REPUBLIC BANCORP INC produced more free cash flow last quarter ($161.1M vs $42.2M).

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.

Republic Bancorp Inc. (Kentucky) is a U.S. regional banking holding company that provides a full range of retail and commercial banking services, including personal deposit accounts, consumer loans, business financing, mortgage products, and wealth management solutions. It mainly serves individual consumers and small to medium-sized enterprises in Kentucky and adjacent U.S. states.

LQDA vs RBCAA — Head-to-Head

Bigger by revenue
RBCAA
RBCAA
1.0× larger
RBCAA
$94.3M
$92.0M
LQDA
Growing faster (revenue YoY)
LQDA
LQDA
+3049.3% gap
LQDA
3054.6%
5.3%
RBCAA
Higher net margin
RBCAA
RBCAA
8.4% more per $
RBCAA
24.2%
15.8%
LQDA
More free cash flow
RBCAA
RBCAA
$118.9M more FCF
RBCAA
$161.1M
$42.2M
LQDA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LQDA
LQDA
RBCAA
RBCAA
Revenue
$92.0M
$94.3M
Net Profit
$14.6M
$22.8M
Gross Margin
Operating Margin
21.5%
29.3%
Net Margin
15.8%
24.2%
Revenue YoY
3054.6%
5.3%
Net Profit YoY
137.9%
20.0%
EPS (diluted)
$0.18

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
RBCAA
RBCAA
Q4 25
$92.0M
$94.3M
Q3 25
$54.3M
$93.5M
Q2 25
$93.8M
Q1 25
$135.8M
Q4 24
$89.5M
Q3 24
$88.1M
Q2 24
$86.9M
Q1 24
$120.3M
Net Profit
LQDA
LQDA
RBCAA
RBCAA
Q4 25
$14.6M
$22.8M
Q3 25
$-3.5M
$29.7M
Q2 25
$31.5M
Q1 25
$47.3M
Q4 24
$19.0M
Q3 24
$26.5M
Q2 24
$25.2M
Q1 24
$30.6M
Operating Margin
LQDA
LQDA
RBCAA
RBCAA
Q4 25
21.5%
29.3%
Q3 25
3.3%
40.4%
Q2 25
43.0%
Q1 25
44.1%
Q4 24
25.8%
Q3 24
38.4%
Q2 24
37.0%
Q1 24
32.2%
Net Margin
LQDA
LQDA
RBCAA
RBCAA
Q4 25
15.8%
24.2%
Q3 25
-6.5%
31.8%
Q2 25
33.5%
Q1 25
34.8%
Q4 24
21.2%
Q3 24
30.1%
Q2 24
29.0%
Q1 24
25.4%
EPS (diluted)
LQDA
LQDA
RBCAA
RBCAA
Q4 25
$0.18
Q3 25
$-0.04
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
LQDA
LQDA
RBCAA
RBCAA
Cash + ST InvestmentsLiquidity on hand
$190.7M
$220.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$44.7M
$1.1B
Total Assets
$327.9M
$7.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LQDA
LQDA
RBCAA
RBCAA
Q4 25
$190.7M
$220.0M
Q3 25
$157.5M
$484.2M
Q2 25
$484.8M
Q1 25
$793.0M
Q4 24
$432.2M
Q3 24
$530.9M
Q2 24
$400.1M
Q1 24
$546.4M
Stockholders' Equity
LQDA
LQDA
RBCAA
RBCAA
Q4 25
$44.7M
$1.1B
Q3 25
$22.1M
$1.1B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$992.0M
Q3 24
$979.7M
Q2 24
$955.4M
Q1 24
$935.6M
Total Assets
LQDA
LQDA
RBCAA
RBCAA
Q4 25
$327.9M
$7.0B
Q3 25
$276.0M
$7.0B
Q2 25
$7.0B
Q1 25
$7.1B
Q4 24
$6.8B
Q3 24
$6.7B
Q2 24
$6.6B
Q1 24
$6.9B

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
RBCAA
RBCAA
Operating Cash FlowLast quarter
$44.2M
$168.2M
Free Cash FlowOCF − Capex
$42.2M
$161.1M
FCF MarginFCF / Revenue
45.9%
170.9%
Capex IntensityCapex / Revenue
2.2%
7.5%
Cash ConversionOCF / Net Profit
3.04×
7.37×
TTM Free Cash FlowTrailing 4 quarters
$288.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LQDA
LQDA
RBCAA
RBCAA
Q4 25
$44.2M
$168.2M
Q3 25
$-9.8M
$33.3M
Q2 25
$8.4M
Q1 25
$93.2M
Q4 24
$149.0M
Q3 24
$51.3M
Q2 24
$4.0M
Q1 24
$71.2M
Free Cash Flow
LQDA
LQDA
RBCAA
RBCAA
Q4 25
$42.2M
$161.1M
Q3 25
$-10.7M
$30.8M
Q2 25
$5.2M
Q1 25
$91.6M
Q4 24
$143.2M
Q3 24
$49.8M
Q2 24
$2.7M
Q1 24
$69.1M
FCF Margin
LQDA
LQDA
RBCAA
RBCAA
Q4 25
45.9%
170.9%
Q3 25
-19.7%
32.9%
Q2 25
5.5%
Q1 25
67.4%
Q4 24
160.0%
Q3 24
56.5%
Q2 24
3.1%
Q1 24
57.5%
Capex Intensity
LQDA
LQDA
RBCAA
RBCAA
Q4 25
2.2%
7.5%
Q3 25
1.7%
2.6%
Q2 25
3.5%
Q1 25
1.2%
Q4 24
6.5%
Q3 24
1.7%
Q2 24
1.5%
Q1 24
1.7%
Cash Conversion
LQDA
LQDA
RBCAA
RBCAA
Q4 25
3.04×
7.37×
Q3 25
1.12×
Q2 25
0.27×
Q1 25
1.97×
Q4 24
7.84×
Q3 24
1.93×
Q2 24
0.16×
Q1 24
2.33×

Financial Flow Comparison

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

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