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Liquidia Corporation LQDA Yutrepia — 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 yutrepia — program expenses?
Liquidia Corporation (LQDA) reported yutrepia — program expenses of $15.89M in Q1 2026.
How has Liquidia Corporation's yutrepia — program expenses changed year-over-year?
Liquidia Corporation's yutrepia — program expenses increased by 62.8% year-over-year, from $9.76M to $15.89M.
What is the long-term trend for Liquidia Corporation's yutrepia — program expenses?
Over 2 years (2023 to 2025), Liquidia Corporation's yutrepia — program expenses has grown at a 53.6% compound annual growth rate (CAGR), from $23.49M to $55.44M.
What does yutrepia — program expenses mean?
This metric represents the direct research, development, and commercialization costs specifically allocated to the Yutrepia product line. It captures the investment intensity required to advance the product through clinical trials, regulatory approval, and market launch phases. Monitoring this helps investors assess the capital commitment dedicated to the company's primary therapeutic asset.

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