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Segments

By segment

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Single Reportable$132.87M+4,158%

By product

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Service$2.98M-4.4%

Other financials

Income statement

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Revenues:
Product sales, net$129,881
Service revenue, net2,9843,120
Total revenue132,8653,120
Costs and expenses:
Cost of product sales11,079
Cost of service revenue7731,517
Research and development12,5716,966

Item 1. Condensed Financial Statements (unaudited)

FAQ

What is Liquidia Corporation's total revenue?
Liquidia Corporation (LQDA) reported total revenue of $132.87M in Q1 2026.
How has Liquidia Corporation's total revenue changed year-over-year?
Liquidia Corporation's total revenue increased by 4158.5% year-over-year, from $3.12M to $132.87M.
What is the long-term trend for Liquidia Corporation's total revenue?
Over 4 years (2021 to 2025), Liquidia Corporation's total revenue has grown at a 87.3% compound annual growth rate (CAGR), from $12.85M to $158.32M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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