Liquidia financials
$70.69−4.05%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $171.7M | $132.9M | $92.0M | $54.3M | $8.8M | $3.1M | $2.9M | $4.4M | $3.7M | $3.0M | $4.5M | $3.7M |
| Gross profit | $160.1M | $121.0M | $85.0M | $51.2M | $7.3M | $1.6M | $1.6M | $2.9M | $2.2M | $1.5M | $3.5M | $3.1M |
| Gross margin | 93.3% | 91.1% | 92.3% | 94.2% | 83.1% | 51.4% | 53.6% | 64.8% | 59.2% | 50.6% | 78.1% | 84.5% |
| Operating income | $85.5M | $61.5M | $19.8M | $1.8M | -$37.5M | -$35.4M | -$36.1M | -$29.2M | -$27.2M | -$28.8M | -$26.4M | -$14.9M |
| Net income | $74.7M | $52.9M | $14.6M | -$3.5M | -$41.6M | -$38.4M | -$38.5M | -$31.0M | -$28.7M | -$30.1M | -$27.4M | -$15.8M |
| Net margin | 43.5% | 39.8% | 15.8% | −6.5% | −470.5% | −1229.7% | −1320.2% | −697.6% | −783.5% | −1012.2% | −605.8% | −429.3% |
| Diluted EPS | $0.74 | $0.52 | $0.17 | $-0.04 | $-0.49 | $-0.45 | $-0.45 | $-0.40 | $-0.38 | $-0.40 | $-0.42 | $-0.24 |
| EBITDA | $85.9M | $62.0M | $20.1M | $2.2M | -$37.2M | -$35.0M | -$35.6M | -$28.6M | -$26.6M | -$28.3M | -$25.9M | -$14.4M |
| Operating cash flow | $80.2M | $53.0M | $44.2M | -$9.8M | -$39.5M | -$30.7M | -$20.8M | -$25.1M | -$22.7M | -$24.9M | -$16.0M | -$11.6M |
| Free cash flow | $69.0M | $50.2M | $42.2M | -$10.7M | -$40.5M | -$31.0M | -$22.1M | -$26.8M | -$24.0M | -$25.5M | -$16.2M | -$12.0M |
| Diluted shares | 101.4M | 101.1M | 87.1M | 86.3M | 85.6M | 85.2M | 84.7M | 78.3M | 76.4M | 75.4M | 65.7M | 64.9M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $284.2M | $222.8M | $190.7M | $157.5M | $173.4M | $169.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $176.1M | $177.9M | $191.3M | $192.5M | $193.6M | $140.8M |
| Total assets | $521.9M | $401.5M | $327.9M | $276.0M | $257.4M | $227.4M |
| Total liabilities | $326.8M | $293.0M | $283.2M | $253.9M | $242.2M | $177.7M |
| Shareholders' equity | $195.1M | $108.6M | $44.7M | $22.1M | $15.2M | $49.7M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology