Quick Answer
Liquidia Corp reported Total Revenue of $158.32 million for fiscal year 2025.
Liquidia Corp — Key Financials by Year
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total Revenue | $158.32M +1031.2% |
$14.00M -20.0% |
$17.49M +9.7% |
$15.94M +24.0% |
$12.85M +1637.8% |
$739.6K -90.8% |
| Revenue (ASC 606) | $158.32M +1031.2% |
$14.00M -20.0% |
$17.49M +9.7% |
$15.94M +24.0% |
$12.85M +1637.8% |
$739.6K -90.8% |
| Net Income | -$68.92M +46.3% |
-$128.29M -63.4% |
-$78.50M -91.4% |
-$41.02M -18.6% |
-$34.58M +42.1% |
-$59.76M -25.6% |
| Diluted EPS | -$0.80 +50.9% |
-$1.63 -34.7% |
-$1.21 -80.6% |
-$0.67 +4.3% |
-$0.70 +60.2% |
-$1.76 |
| Total Assets | $327.93M +42.4% |
$230.31M +94.6% |
$118.33M -8.4% |
$129.20M +37.8% |
$93.73M -5.8% |
$99.53M +44.6% |
| Cash and Equivalents | $190.68M +8.0% |
$176.48M +110.9% |
$83.68M -10.3% |
$93.28M +62.2% |
$57.49M -12.0% |
$65.32M |
| Long-Term Debt | — | — | — | $19.88M +91.0% |
$10.41M +1.1% |
$10.29M +0.0% |
| Stockholders Equity | $44.75M -43.6% |
$79.38M +67.8% |
$47.29M -47.7% |
$90.42M +38.5% |
$65.27M -8.2% |
$71.09M +103.4% |
| R&D Expense | $39.28M -17.9% |
$47.84M +10.6% |
$43.24M +122.5% |
$19.43M -5.3% |
$20.52M -36.3% |
$32.22M -20.4% |
| Operating Income | -$51.38M +57.6% |
-$121.29M -65.3% |
-$73.38M -89.3% |
-$38.77M -14.7% |
-$33.80M +42.8% |
-$59.09M -26.2% |
| Shares Outstanding | 87.20M +3.0% |
84.68M +23.4% |
68.63M +6.4% |
64.52M +23.4% |
52.29M +20.7% |
43.34M +53.5% |
Most Recent Quarter
| Metric | Quarter Ending | Value | YoY | QoQ |
|---|---|---|---|---|
| Total Revenue | September 30, 2025 | $54.34M | +1121.7% | +514.9% |
| Revenue (ASC 606) | September 30, 2025 | $54.34M | +1121.7% | +514.9% |
| Net Income | September 30, 2025 | -$3.53M | +88.6% | +91.5% |
| Diluted EPS | September 30, 2025 | -$0.04 | +90.0% | +91.8% |
| Total Assets | September 30, 2025 | $275.98M | +9.1% | +7.2% |
| Cash and Equivalents | September 30, 2025 | $157.50M | -22.9% | -9.2% |
| Long-Term Debt | December 31, 2022 | $19.88M | +91.0% | +0.7% |
| Stockholders Equity | September 30, 2025 | $22.05M | -80.4% | +45.2% |
| R&D Expense | September 30, 2025 | $9.35M | -21.4% | +55.2% |
| Operating Income | September 30, 2025 | $1.77M | +106.1% | +104.7% |
| Shares Outstanding | September 30, 2025 | 86.82M | +2.7% | +1.1% |
- Liquidia Corp reported Total Revenue of $158.32 million for fiscal year 2025.
- Liquidia Corp showed an increase of +1031.2% in Total Revenue compared to the prior fiscal year.
- Liquidia Corp reported Revenue (ASC 606) of $158.32 million for fiscal year 2025.
- Liquidia Corp showed an increase of +1031.2% in Revenue (ASC 606) compared to the prior fiscal year.
- Liquidia Corp reported Net Income of -$68.92 million for fiscal year 2025.
- Liquidia Corp showed an increase of +46.3% in Net Income compared to the prior fiscal year.
- Liquidia Corp reported Diluted EPS of $0.80 per share (loss) for fiscal year 2025.
- Liquidia Corp showed an increase of +50.9% in Diluted EPS compared to the prior fiscal year.
- Liquidia Corp reported Total Assets of $327.93 million for fiscal year 2025.
- Liquidia Corp showed an increase of +42.4% in Total Assets compared to the prior fiscal year.
- Liquidia Corp reported Cash and Equivalents of $190.68 million for fiscal year 2025.
- Liquidia Corp showed an increase of +8.0% in Cash and Equivalents compared to the prior fiscal year.
- Liquidia Corp reported Long-Term Debt of $19.88 million for fiscal year 2022.
- Liquidia Corp showed an increase of +91.0% in Long-Term Debt compared to the prior fiscal year.
- Liquidia Corp reported Stockholders Equity of $44.75 million for fiscal year 2025.
- Liquidia Corp showed a decrease of -43.6% in Stockholders Equity compared to the prior fiscal year.
- Liquidia Corp reported R&D Expense of $39.28 million for fiscal year 2025.
- Liquidia Corp showed a decrease of -17.9% in R&D Expense compared to the prior fiscal year.
- Liquidia Corp reported Operating Income of -$51.38 million for fiscal year 2025.
- Liquidia Corp showed an increase of +57.6% in Operating Income compared to the prior fiscal year.
- Liquidia Corp reported Shares Outstanding of 87.20 million shares for fiscal year 2025.
- Liquidia Corp showed an increase of +3.0% in Shares Outstanding compared to the prior fiscal year.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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