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Liquidia Corporation

LQDA

Liquidia Corporation is a biopharmaceutical company focused on developing and commercializing innovative therapies for challenging respiratory and vascular diseases.

Market cap
$7.51B+360%
Revenue$288.1M+1,937%
Net income-$30.6M+76.1%
Free cash flow-$32.1M+67.4%
EPS (diluted)-$0.46+72.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 11, 2026 (In 1 week)
Revenue estimate$168.5M
EPS estimate$0.76

Financials

Q1 2026

Income statement

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Revenue$132.9M+4,158%
Operating income$61.5M+274%
Net income$52.9M+238%
EPS (diluted)$0.52+216%

Balance sheet

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Cash & equivalents$222.8M+31.2%
Total debt$7.0M+1.5%
Total equity$108.6M+118%
Total assets$401.5M+76.6%

Cash flow

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Operating cash flow$53.0M+273%
CapEx$2.8M+758%
Free cash flow$50.2M+262%

Valuation & ratios

Valuation

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Market cap$7.51B+360%
Enterprise value$7.29B+377%
P/S26.1×-61.6×

Returns & leverage

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Debt / equity0.1×-0.1×
Current ratio2.2×-0.7×

Segments

By segment

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Single Reportable$132.9M+4,158%

By product

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Service$3.0M-4.4%

Competitors

Profile

Liquidia Corporation is a biopharmaceutical company focused on developing and commercializing innovative therapies for challenging respiratory and vascular diseases. The company leverages its proprietary PRINT technology to engineer precise, uniform drug particles designed to improve therapeutic profiles and patient delivery. Its primary focus is on treating pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD).

Competitive position

Liquidia is a specialized player in the pulmonary hypertension market, competing through proprietary particle engineering technology and differentiated delivery mechanisms.

GeographiesUnited States, Global
Customer segmentsSpecialized Healthcare Providers, Respiratory Patients, Vascular Disease Patients
Business modelProduct-based, Licensing, Profit-sharing
SuppliersRaw material suppliers, Contract manufacturing organizations, Technology licensors
CustomersSpecialty pharmacies, Hospitals, Pulmonologists, Cardiologists
Listed2018
Employees145.0
CEORoger A. Jeffs
FilingsSEC EDGAR

Questions, answered.

What is Liquidia Corporation's market cap?
Liquidia Corporation (LQDA) has a market capitalization of $7.5B and trades on NASDAQ.
What is Liquidia Corporation's revenue and profitability?
Liquidia Corporation generated $288.1M in trailing twelve-month revenue with a net loss of $30.6M, representing a net margin of -176.2%. Gross margin stands at 58.1%, with free cash flow of -$32.1M. These figures are based on the Q1 2026 filing.
Who are Liquidia Corporation's competitors?
Liquidia Corporation's key competitors include United Therapeutics Corporation, MannKind Corporation, Theravance Biopharma, Inc., and others. These companies compete in similar markets and product categories.
Who does Liquidia Corporation partner with?
Liquidia Corporation's notable partners include Sandoz Inc., Pharmosa Biopharm Inc., United Therapeutics Corporation.
What subsidiaries does Liquidia Corporation have?
Liquidia Corporation's subsidiaries include Liquidia Technologies, Inc., Liquidia PAH, LLC.
Where is Liquidia Corporation headquartered?
Liquidia Corporation is headquartered in United States of America and employs approximately 145 people. It has been publicly traded since 2018.