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NASDAQ:LQDA

Liquidia Corp

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Liquidia Corp's revenue grew 1031.2% in fiscal 2025 to $158.3M while operating margin rose to −32.5%, its highest in 7 years. Free cash flow was −$40.0M, −25.3% of revenue, and the diluted share count rose 9.3%.Summary generated from Liquidia Corp's SEC filings. Latest annual report filed Mar 5, 2026.

Key statistics

Fiscal 2025 from SEC filings. Methodology
Revenue (FY25)$158.3M
Revenue growth+1031.2%
Revenue, 5-yr CAGR+192.5%
Gross marginn/a
Operating margin−32.5%
Net margin−43.5%
ROICn/a
Return on equity−111.1%
Debt / equityn/a
Free cash flow−$40.0M
FCF margin−25.3%
Share count change+9.3%

Financials

Fiscal years, $M
Item20212022202320242025
Revenue13161714158
Operating income−34−39−73−121−51
Net income−35−41−79−128−69
Free cash flow−34−29−43−98−40

Recent filings

From SEC EDGAR

Peers

Pharmaceutical preparations