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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 us-gaap:Liabilities.

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 itemMarch 31, 2026December 31, 2025
Long-term debt, noncurrent127,643132,935
Operating and finance lease liabilities, noncurrent6,1516,099
Long-term tax liability873
Total liabilities292,954283,186
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock — 10,000,000 shares authorized, none outstanding
Common stock — $0.001 par value, 115,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively, 88,308,411 and 87,204,137 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively8887

Item 1. Condensed Financial Statements (unaudited)

FAQ

What is Liquidia Corporation's total liabilities?
Liquidia Corporation (LQDA) reported total liabilities of $292.95M in Q1 2026.
How has Liquidia Corporation's total liabilities changed year-over-year?
Liquidia Corporation's total liabilities increased by 64.8% year-over-year, from $177.72M to $292.95M.
What is the long-term trend for Liquidia Corporation's total liabilities?
Over 5 years (2020 to 2025), Liquidia Corporation's total liabilities has grown at a 58.3% compound annual growth rate (CAGR), from $28.45M to $283.19M.
What does total liabilities mean?
The sum of all current and non-current obligations — everything the company owes to creditors, employees, governments, and other stakeholders.

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