Symbols

LQDA

Liquidia·NASDAQ

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LQDA fundamentals

LQDA Q4 2025 Earnings

Liquidia (LQDA) released its earnings on Mar 5, 2026: revenue was 92.02M (YoY +3055.73%), missed estimates; EPS was 0.15 (YoY +133.33%), missed estimates.

Revenue / YoY

92.02M

+3055.73%

EPS / YoY

0.15

+133.33%

Report date

Mar 5, 2026

LQDA Earnings Call Summary for Q4,2025

Revenue Growth: $148.3M in 2025, with Q4 at $90.1M (+74% YoY), driven by 2,900 patient starts.
Market Leadership: 17% revenue share in Q4 2025, 85%+ prescription-to-start conversion.
Strategic Expansion: L-606 pivotal study to begin in 2026; $1B 2027 revenue target on track.
Competitive Resilience: SMI competitor seen as non-impactful; YUTREPIA’s tolerability and dosing flexibility maintain advantage.
Pipeline Momentum: Phase 2A Raynaud’s study and PH-COPD trials to expand addressable market.

Earnings

EPS

Revenue

Revenue & Expenses

LQDA has released its 2025 Q4 earnings report, with revenue of 92.02M, reflecting a YoY change of 3054.65%, and net profit of 14.55M, showing a YoY change of 137.80%. The Sankey diagram below clearly presents LQDA's revenue sources and cost distribution.

Key Indicators

Liquidia (LQDA) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Liquidia (LQDA)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Balance Sheet

Liquidia (LQDA)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Cash Flow

Liquidia (LQDA)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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