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Liquidia Corporation LQDA Service — Number Of Major Customers

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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$7.95B+358%
Enterprise value$7.74B+393%
P/S27.6×-62.2×

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:NumberOfMajorCustomers.

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

We are exposed to risks associated with extending credit to customers related to service revenue and product sales. We do not require collateral to secure amounts due from customers. One customer accounted for 100% of service revenue, net. The following table presents the percentage of gross product sales for the three months ended March 31, 2026 and 2025 and accounts receivable as of March 31, 2026 and 2025 for our significant customers:

Item 1. Condensed Financial Statements (unaudited)

FAQ

What is Liquidia Corporation's service — number of major customers?
Liquidia Corporation (LQDA) reported service — number of major customers of 1 in Q1 2026.
How has Liquidia Corporation's service — number of major customers changed year-over-year?
Liquidia Corporation's service — number of major customers increased by 300.0% year-over-year, from 0.3 to 1.
What does service — number of major customers mean?
This metric identifies the count of significant customers that contribute a substantial portion of the total revenue within the service segment. A low number of major customers indicates a reliance on a limited client base, which can impact revenue stability. Investors use this to gauge the diversification of the customer portfolio and the potential impact of losing a key business relationship.

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