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Liquidia Corporation LQDA Free cash flow margin

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Other financials

Income statement

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Revenue$132.9M+4,158%
Gross profit$1.6M+6.5%
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

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Market cap$7.93B+356%
Enterprise value$7.71B+391%
P/S27.5×-62.3×

Profitability

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Gross margin58.1%-18.7pp
Operating margin-155%-68.1pp
Net margin-176.2%-76.4pp

Returns & leverage

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Return on equity-181%+57.4pp
Debt / equity0.1×-0.1×
Current ratio2.2×-0.7×

Where this comes from

Calculated from Liquidia Corporation’s reported figures.

Based on trailing twelve months.

The source filing: Liquidia Corporation’s 10-Q, filed November 3, 2025. Open the filing →

Filed
Nov 3, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001104659-25-105215

FAQ

What is Liquidia Corporation's free cash flow margin?
Liquidia Corporation (LQDA) reported free cash flow margin of -150.7% in Q3 2025.
How has Liquidia Corporation's free cash flow margin changed year-over-year?
Liquidia Corporation's free cash flow margin increased by 74.6% year-over-year, from -592.3% to -150.7%.
What is the long-term trend for Liquidia Corporation's free cash flow margin?
Over 4 years (2020 to 2024), Liquidia Corporation's free cash flow margin has grown at a -44.5% compound annual growth rate (CAGR), from -7,422.2% to -702.9%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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