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Side-by-side financial comparison of Liquidia Corp (LQDA) and Resolute Holdings Management, Inc. (RHLD). Click either name above to swap in a different company.

Resolute Holdings Management, Inc. is the larger business by last-quarter revenue ($117.7M vs $92.0M, roughly 1.3× Liquidia Corp). Liquidia Corp runs the higher net margin — 15.8% vs -1.5%, a 17.3% gap on every dollar of revenue. Resolute Holdings Management, Inc. produced more free cash flow last quarter ($189.2M 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.

Resolute Mining Limited is an Australian mining corporation focused on mining operations in Africa. It is currently operating two gold mines: the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal.

LQDA vs RHLD — Head-to-Head

Bigger by revenue
RHLD
RHLD
1.3× larger
RHLD
$117.7M
$92.0M
LQDA
Higher net margin
LQDA
LQDA
17.3% more per $
LQDA
15.8%
-1.5%
RHLD
More free cash flow
RHLD
RHLD
$147.0M more FCF
RHLD
$189.2M
$42.2M
LQDA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LQDA
LQDA
RHLD
RHLD
Revenue
$92.0M
$117.7M
Net Profit
$14.6M
$-1.7M
Gross Margin
55.7%
Operating Margin
21.5%
30.2%
Net Margin
15.8%
-1.5%
Revenue YoY
3054.6%
Net Profit YoY
137.9%
EPS (diluted)
$0.18
$-0.20

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
RHLD
RHLD
Q4 25
$92.0M
$117.7M
Q3 25
$54.3M
$120.9M
Q2 25
$119.6M
Q1 25
$103.9M
Net Profit
LQDA
LQDA
RHLD
RHLD
Q4 25
$14.6M
$-1.7M
Q3 25
$-3.5M
$-231.0K
Q2 25
$-611.0K
Q1 25
$-3.4M
Gross Margin
LQDA
LQDA
RHLD
RHLD
Q4 25
55.7%
Q3 25
59.0%
Q2 25
57.5%
Q1 25
52.5%
Operating Margin
LQDA
LQDA
RHLD
RHLD
Q4 25
21.5%
30.2%
Q3 25
3.3%
34.3%
Q2 25
34.0%
Q1 25
24.7%
Net Margin
LQDA
LQDA
RHLD
RHLD
Q4 25
15.8%
-1.5%
Q3 25
-6.5%
-0.2%
Q2 25
-0.5%
Q1 25
-3.2%
EPS (diluted)
LQDA
LQDA
RHLD
RHLD
Q4 25
$0.18
$-0.20
Q3 25
$-0.04
$-0.03
Q2 25
$-0.07
Q1 25
$-0.39

Balance Sheet & Financial Strength

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

Metric
LQDA
LQDA
RHLD
RHLD
Cash + ST InvestmentsLiquidity on hand
$190.7M
$205.5M
Total DebtLower is stronger
$169.8M
Stockholders' EquityBook value
$44.7M
$6.5M
Total Assets
$327.9M
$333.4M
Debt / EquityLower = less leverage
26.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LQDA
LQDA
RHLD
RHLD
Q4 25
$190.7M
$205.5M
Q3 25
$157.5M
$148.0M
Q2 25
$99.9M
Q1 25
$71.0M
Total Debt
LQDA
LQDA
RHLD
RHLD
Q4 25
$169.8M
Q3 25
$173.4M
Q2 25
$177.1M
Q1 25
$180.7M
Stockholders' Equity
LQDA
LQDA
RHLD
RHLD
Q4 25
$44.7M
$6.5M
Q3 25
$22.1M
$10.8M
Q2 25
$9.6M
Q1 25
$8.9M
Total Assets
LQDA
LQDA
RHLD
RHLD
Q4 25
$327.9M
$333.4M
Q3 25
$276.0M
$293.2M
Q2 25
$253.3M
Q1 25
$214.3M
Debt / Equity
LQDA
LQDA
RHLD
RHLD
Q4 25
26.03×
Q3 25
16.01×
Q2 25
18.42×
Q1 25
20.38×

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
RHLD
RHLD
Operating Cash FlowLast quarter
$44.2M
$196.1M
Free Cash FlowOCF − Capex
$42.2M
$189.2M
FCF MarginFCF / Revenue
45.9%
160.8%
Capex IntensityCapex / Revenue
2.2%
5.8%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters
$313.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LQDA
LQDA
RHLD
RHLD
Q4 25
$44.2M
$196.1M
Q3 25
$-9.8M
$59.6M
Q2 25
$48.9M
Q1 25
$18.4M
Free Cash Flow
LQDA
LQDA
RHLD
RHLD
Q4 25
$42.2M
$189.2M
Q3 25
$-10.7M
$58.6M
Q2 25
$47.5M
Q1 25
$17.8M
FCF Margin
LQDA
LQDA
RHLD
RHLD
Q4 25
45.9%
160.8%
Q3 25
-19.7%
48.5%
Q2 25
39.7%
Q1 25
17.1%
Capex Intensity
LQDA
LQDA
RHLD
RHLD
Q4 25
2.2%
5.8%
Q3 25
1.7%
0.8%
Q2 25
1.2%
Q1 25
0.6%
Cash Conversion
LQDA
LQDA
RHLD
RHLD
Q4 25
3.04×
Q3 25
Q2 25
Q1 25

Financial Flow Comparison

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

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