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Liquidia Corporation LQDA Q2 2025 earnings

Reported August 12, 2025 · Before market open

Revenue$8.8MMiss by $5.5M
EPS-$0.49Miss by $0.06
Revenue estimate$14.3M
EPS estimate-$0.43

Next report

Nov 2, 2026 (in a month)
Revenue estimate$205.9M
EPS estimate$0.90

Financials

Q2 2025

Income statement

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Revenue$8.8M+142%
Operating income-$37.5M-37.9%
Net income-$41.6M-45.0%
EPS (diluted)-$0.49-28.9%

Balance sheet

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Cash & equivalents$173.4M+30.3%
Total debt$6.8M+130%
Total equity$15.2M-79.1%
Total assets$257.4M+45.1%

Cash flow

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Operating cash flow-$39.5M-74.2%
CapEx$1.1M-18.1%
Free cash flow-$40.5M-69.3%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$1.18B+30.2%
Enterprise value$1.01B+30.6%
P/S61×0.0×

Profitability

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Operating margin-715.4%+71.4pp
Net margin-773.7%+111pp
FCF margin-623.5%+148pp

Returns & leverage

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Return on equity-339.6%-1,865pp
Debt / equity0.4×+0.4×
Current ratio2.5×-3.6×

Segments

By segment

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Single Reportable$8.8M+142%

By product

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Service$2.3M-36.6%

FAQ

When did Liquidia Corporation report Q2 2025 earnings?
Liquidia Corporation (LQDA) reported Q2 2025 earnings on August 12, 2025 before market open.
What were Liquidia Corporation's Q2 2025 revenue and EPS?
Liquidia Corporation reported revenue of $8.8M and eps of $-0.49 for Q2 2025.
Did Liquidia Corporation beat estimates in Q2 2025?
Revenue missed the consensus estimate of $14.3M by $5.5M. EPS missed the consensus estimate of $-0.43 by $0.06.
How did Liquidia Corporation's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 141.5% from $3.7M a year earlier and eps declined 32.4% from $-0.37.
Where can I find Liquidia Corporation's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001104659-25-076412) and the 10-Q periodic report (0001558370-25-011139) directly on SEC EDGAR. The filing index links above go to sec.gov.