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Liquidia Corporation LQDA Generic Treprostinil — Program Expenses

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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
FCF margin-150.7%-64.4pp

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

Reported directly by Liquidia Corporation in its filing.

Tagged under the XBRL concept lqda:ProgramExpenses.

The source filing: Liquidia Corporation’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 7:00 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-058252
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Cost of product sales11,079
Cost of service revenue7731,517
Program expenses (1)
YUTREPIA15,8889,758
L6065,8223,268
Generic Treprostinil(49)151
Total program expenses21,66113,177
Non-program expenses (2)6,1973,770

Item 1. Condensed Financial Statements (unaudited)

FAQ

What is Liquidia Corporation's generic treprostinil — program expenses?
Liquidia Corporation (LQDA) reported generic treprostinil — program expenses of -$49K in Q1 2026.
How has Liquidia Corporation's generic treprostinil — program expenses changed year-over-year?
Liquidia Corporation's generic treprostinil — program expenses decreased by 132.5% year-over-year, from $151K to -$49K.
What is the long-term trend for Liquidia Corporation's generic treprostinil — program expenses?
Over 2 years (2023 to 2025), Liquidia Corporation's generic treprostinil — program expenses has grown at a 8.7% compound annual growth rate (CAGR), from $308K to $364K.
What does generic treprostinil — program expenses mean?
This metric represents the total direct costs and operating expenditures specifically allocated to the research, development, and commercialization activities for the generic treprostinil product line. It captures the financial resources deployed to advance this specific pharmaceutical program through its lifecycle, including manufacturing process development and regulatory efforts. Monitoring these expenses helps investors assess the capital intensity and investment commitment required to maintain the product's market position within the pulmonary hypertension portfolio.

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