Liquidia financials
$70.69−4.05%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 |
|---|---|---|---|---|---|---|---|
| Revenue | $158.3M | $14.0M | $17.5M | $15.9M | $12.9M | $739.6K | $8.1M |
| Gross profit | $145.1M | $8.1M | $14.6M | $13.1M | $9.8M | $501.9K | $7.3M |
| Gross margin | 91.6% | 58.0% | 83.5% | 82.1% | 76.5% | 67.9% | 90.0% |
| Operating income | -$51.4M | -$121.3M | -$73.4M | -$38.8M | -$33.8M | -$59.1M | -$46.8M |
| Net income | -$68.9M | -$128.3M | -$78.5M | -$41.0M | -$34.6M | -$59.8M | -$47.6M |
| Net margin | −43.5% | −916.6% | −448.9% | −257.4% | −269.0% | −8080.1% | −589.5% |
| Diluted EPS | $-0.80 | $-1.63 | $-1.21 | $-0.67 | $-0.70 | $-1.76 | $-2.57 |
| EBITDA | -$49.8M | -$119.1M | -$71.2M | -$35.1M | -$28.2M | -$56.0M | -$44.3M |
| Operating cash flow | -$35.7M | -$93.4M | -$41.6M | -$28.6M | -$29.0M | -$53.6M | -$48.3M |
| Free cash flow | -$40.0M | -$98.4M | -$42.9M | -$29.2M | -$29.2M | -$54.4M | -$50.1M |
| Diluted shares | 86.1M | 78.7M | 65.0M | 61.0M | 49.7M | 33.9M | 18.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $190.7M | $176.5M | $83.7M | $93.3M | $57.5M | $65.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $191.3M | $113.3M | $46.0M | $20.2M | $11.1M | $11.5M |
| Total assets | $327.9M | $230.3M | $118.3M | $129.2M | $93.7M | $99.5M |
| Total liabilities | $283.2M | $150.9M | $71.0M | $38.8M | $28.5M | $28.4M |
| Shareholders' equity | $44.7M | $79.4M | $47.3M | $90.4M | $65.3M | $71.1M |
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