Liquidia Corporation LQDA

68.43 (2.52) (3.55%) as of 25 Sep
Market cap
$6.4B
P/E
43.6×

Insider Decisions

Total sells 222.62
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell 10 3 6 10 — 12 15 9 10 15 3 2
Insider Ownership 12.87%

Capital & Financial Ratios

Market Cap 6,360.00
Revenue 450.91
Net Income 138.61
Free Cash Flow 150.69
Net Debt (108.08)
Current Ratio 2.31
Debt/Equity 0.90
P/E ratio 43.59
P/S ratio 13.49
P/B ratio 31.17
Past 5Y EPS Growth 8.44%
This Y EPS Growth 483.50%
Next Y EPS Growth 81.47%
Next 5Y EPS Growth 35.73%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 84 176 191 284
Receivables 4 3 54 109
Inventory — 0 24 36
Other — — — —
90 185 273 438
2023 2024 2025 Q'26
Payables 1 5 4 13
ST’ Debt 3 18 58 54
Other — — — —
19 42 136 189
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 34.67% 65.24% 114.98%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 2.50% (7.27%) (20.90%)

Revenue

Mar Jun Sep Dec Year
’26 133 172 — — —
’25 3 9 54 92 158
’24 3 4 4 3 14
’23 4 5 4 5 17
’22 3 4 3 5 16
’22 — — — — 16
’21 3 3 3 3 13
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 53 80 — — —
’25 (31) (39) (10) 44 (36)
’24 (25) (23) (25) (21) (93)
’23 (8) (6) (12) (16) (42)
’22 (10) (8) (6) (5) (29)
’22 — — — — (29)
’21 (12) (8) (6) (8) (34)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 50 69 — — —
’25 (31) (41) (11) 42 (40)
’24 (25) (24) (27) (22) (98)
’23 (9) (6) (12) (16) (43)
’22 (10) (8) (6) (5) (29)
’22 — — — — (29)
’21 (12) (8) (6) (8) (34)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.52 0.74 — — —
’25 (0.45) (0.49) (0.04) 0.15 (0.80)
’24 (0.40) (0.37) (0.30) (0.46) (1.66)
’23 (0.18) (0.36) (0.24) (0.42) (1.21)
’22 (0.30) (0.15) (0.14) (0.09) (0.67)
’22 — — — — (0.67)
’21 (0.21) (0.13) (0.14) (0.23) (0.70)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — 10.52 2.65 2.53 2.25 3.26 5.67 8.26 11.26

Analyst estimates 2026–2028

Powerpack
Low Price
— — 38.46 22.40 12.10 5.40 8.79 12.36 16.99 36.41
High Price
— 60 63 64 51 52 63 145 170 216
Employees
0 0 0 0 0 0 0 0 0 1
Revenue/Emp
13 7 3 8 1 13 16 17 14 158
Revenue
93.05% 95.60% 95.52% 90.00% 67.86% 76.48% 82.06% 83.49% 58.00% 91.64%
Gross Margin
(16) (29) (53) (48) (60) (35) (41) (79) (128) (69)
EBT
(120.56%) (401.68%) (1,962.91%) (589.48%) (8,080.42%) (269.03%) (257.39%) (448.89%) (916.63%) (43.53%)
EBT Margin
(16) (29) (53) (48) (60) (35) (41) (79) (128) (69)
Net Income
1 11 19 3 3 6 4 2 2 2
Depreciation
0.84 12.89 0.38 0.44 0.02 0.26 0.26 0.27 0.18 1.84
Revenue/Sh
(1.01) (51.77) (7.42) (2.57) (1.76) (0.70) (0.67) (1.21) (1.66) (0.80)
Earnings/Sh
(0.88) (43.14) (4.44) (2.61) (1.60) (0.69) (0.47) (0.64) (1.19) (0.41)
Cash Flow/Sh
0.00 (4.52) (0.12) (0.10) (0.02) 0.00 (0.01) (0.02) (0.06) (0.05)
Capex/Sh
(0.88) (47.65) (4.57) (2.71) (1.62) (0.69) (0.48) (0.66) (1.25) (0.47)
Free CF/Sh
(1.15) (59.83) 2.61 1.89 2.10 1.31 1.48 0.73 1.01 0.52
Book Value/Sh
16 1 7 18 34 50 61 65 79 86
Shares
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
1.22 1.22 57.32 8.03 10.15 18.82 23.30 42.85 66.13 18.75
PS Ratio
0.00 0.00 8.30 2.26 1.41 3.71 4.11 15.85 11.66 66.33
PB Ratio
1.87 1.87 47.26 4.08 5.15 15.27 18.77 40.70 61.62 18.75
EV/Sales
(0.36) (0.36) (3.91) (0.80) (0.93) (5.75) (10.24) (16.61) (8.77) (74.18)
EV/FCF
(14) (24) (32) (48) (54) (34) (29) (42) (93) (36)
Op' Cash Flow
(3) (3) (1) (2) (1) 0 (1) (1) (5) (4)
Capex
(14) (27) (33) (50) (55) (34) (29) (43) (98) (40)
FCF
(9) (25) 32 40 54 54 91 71 143 138
Working Cap'
9 22 12 17 11 11 20 46 113 191
Total Debt
7 18 (27) (39) (55) (47) (73) (38) (63) 1
Net Debt
(18) (34) 19 35 71 65 90 47 79 45
Sh' Equity
(136.59%) (196.41%) (107.52%) (69.12%) (59.60%) (36.40%) (31.48%) (63.43%) (73.59%) (24.69%)
ROA
0.00% 0.00% 0.00% 0.00% (226.33%) (113.98%) (140.97%) (475.43%) (468.45%) (70.71%)
ROIC
61.26% 86.42% (284.34%) (136.16%) (84.07%) (52.98%) (45.36%) (114.01%) (202.56%) (111.05%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Liquidia Corporation (LQDA) key facts

  • Liquidia Corporation (LQDA) is a Drug Manufacturers Specialty & Generic company in the Healthcare sector, listed on Nasdaq.
  • Liquidia Corporation’s revenue for fiscal 2025 (year ended December 2025) was $158.3 million, up 1,031.2% from fiscal 2024.
  • As of September 25, 2026, LQDA traded at $68.43, a market capitalization of $6.4 billion.
  • Return on equity was −111.1% and debt-to-equity 0.90.

Source: company filings (standardised) and stockrow calculations.

Liquidia Corporation (LQDA) Latest News

News by impact score

Fine-tune

23 Sep

4

Liquidia's Yutrepia, a PRINT-derived inhaled treprostinil, is gaining strong momentum after FDA approval in May 2025 and a June 2025 launch. In H1 2026 it posted about $300.3 million in sales, with roughly 5,900 unique prescriptions, more than 5,000 patients initiating treatment and nearly 1,100 physicians prescribing. The PAH market, however, is highly competitive, with United Therapeutics’ Tyvaso and Tyvaso DPI as major incumbents and Insmed's TPIP pipeline adding pressure. Liquidia is pursuing additional indications for Yutrepia, including PH-ILD, IPF-related PH, COPD-associated hypertension and systemic-sclerosis–related phenomena, but must differentiate its dry-powder approach and defense against entrenched therapies and new entrants. UTHR is expanding its inhaled treprostinil franchise (and pursuing nebulized Tyvaso for IPF and ralinepag for PAH), while Insmed advances trials that could redefine the landscape. Competition is likely to cap long-term growth. Rising competition from UTHR and Insmed, plus pipeline expansion and new indications, could materially blunt Yutrepia's growth trajectory.

10 Sep

4

Liquidia Corporation evaluates potential label expansion for Yutrepia as a route to strengthen its portfolio. Label expansion for Yutrepia would likely drive material revenue growth and shift competitive positioning for Liquidia.

4 Sep

4

FDA grants Fast Track designation to YUTREPIA for SSc Raynaud’s, prompting questions on whether this alters Liquidia’s bull case and long-term growth outlook. Fast Track status for YUTREPIA opens accelerated approval path and expands addressable market for Liquidia’s lead asset.

4

Liquidia (LQDA) valuation faces tests from fast track news, prompting questions on whether the stock remains undervalued. Fast track regulatory updates often drive major shifts in company trajectory and investor views.

3 Sep

4

Liquidia Corporation’s Yutrepia launch continues to exceed expectations. Yutrepia launch exceeding expectations signals strong commercial traction and revenue upside for Liquidia.

31 Aug

3

Liquidia’s Yutrepia faces intense PAH market competition that questions its ability to sustain growth. PAH competition directly threatens Yutrepia’s market position and growth outlook for Liquidia.

27 Aug

3

Liquidia Corporation competes with Insmed in pulmonary treatments, with analysis weighing their respective stock prospects amid sector dynamics. Comparison to Insmed may influence investor sentiment on Liquidia's positioning without major operational shifts.

24 Aug

3

Liquidia Corporation evaluates if its differentiated PAH treatment approach can drive company growth amid competitive market conditions. LQDA PAH strategy may moderately shape financial performance and competitive positioning without fundamentally altering long-term trajectory.

19 Aug

4

Yutrepia's strong growth is positioned to drive Liquidia's expansion in the pulmonary arterial hypertension market. Strong product growth in core PAH area can significantly boost Liquidia's market trajectory.

3 transcript

Liquidia Corporation issues Q2 2026 earnings call transcript covering financial results and outlook. Quarterly earnings details may influence short-term sentiment without fundamentally changing company trajectory.

17 Aug

3

LQDA stock declined after Q2 earnings release, leading investors to reassess positions amid updated financial results and outlook. Q2 earnings triggered immediate stock decline that may influence near-term sentiment without altering long-term trajectory.

13 Aug

4

Liquidia Corporation posted Q2 earnings above expectations, powered by robust Yutrepia sales that drove top-line revenue growth. Earnings beat combined with strong product sales signals major positive shift in revenue trajectory and investor outlook.

4

Liquidia Corporation's Q2 earnings call highlighted YUTREPIA progress and outlined a path to $1 billion revenue by 2027. YUTREPIA advancement and $1B 2027 revenue target indicate major growth trajectory for Liquidia.

12 Aug

4 transcript

Liquidia Corp (LQDA) reported Q2 2026 earnings call highlights showing YUTREPIA sales surging 31%. YUTREPIA sales growth of 31% points to stronger revenue and positive momentum for Liquidia.

4

Liquidia CEO Roger Jeffs states demand for the company's inhaled lung disease drug is growing after a Q2 revenue beat. Revenue beat paired with rising demand for core product signals stronger commercial traction and investor sentiment.

3 transcript

Liquidia Corporation (LQDA) Q2 2026 earnings call outlined quarterly financial results, operational updates, and forward guidance. Earnings call delivers financial metrics and outlook that shape near-term market views without major strategic shifts.

3 transcript

Liquidia Q2 earnings call highlights financial results, operational updates, and forward guidance for the company. Q2 earnings call delivers financial metrics and outlook that can shift near-term investor sentiment.

3

Liquidia tops sales estimates amid rivalry with United Therapeutics as an IBD 50 stock. Beating sales views offers moderate positive momentum for Liquidia in ongoing competition with United Therapeutics.

3

Liquidia Corporation reported Q2 earnings and revenues that beat analyst estimates. Q2 earnings and revenue beats can moderately lift investor sentiment and near-term stock performance.

8 Aug

3

Liquidia posts third consecutive profitable quarter, prompting questions on whether shares are overvalued. Third straight profitable quarter signals improved financial performance that could moderately shift valuation perceptions and near-term stock movement.

7 Aug

3

Insmed stock trades at a premium reflecting investor expectations for its pipeline success in rare pulmonary diseases, creating competitive pressure on peers including Liquidia in the same therapeutic area. Insmed premium valuation signals stronger competitive positioning that may limit Liquidia's market share gains in pulmonary hypertension treatments.

6 Aug

3

Liquidia Q2 earnings surpassed estimates with increased revenues as pipeline developments stay in focus. Q2 earnings beat and revenue growth indicate moderate influence on near-term sentiment and pipeline focus may affect positioning.

3

YUTREPIA profit momentum at Liquidia prompts reevaluation of company investment case. YUTREPIA profit momentum affects Liquidia financial outlook and market sentiment without transforming core trajectory.

4 Aug

3

KROS missed Q2 earnings expectations as revenues fell to zero, shifting investor attention to pipeline development. Zero revenue and earnings miss indicate short-term financial weakness while pipeline focus may support longer-term recovery.

3 Aug

3

Liquidia Corporation (LQDA) stock has surged 360% over the past year. 360% stock surge signals notable market momentum with potential to influence near-term investor sentiment and valuation.

28 Jul

4

Liquidia Corporation may gain over 50% upside from a Yutrepia ruling and buyout potential. Yutrepia regulatory ruling and buyout potential represent major developments that can significantly shift company trajectory and investor sentiment.

26 Jul

3

Liquidia stock remains overvalued even with continued progress expanding YUTREPIA. YUTREPIA expansion offers limited upside against persistent valuation concerns.

25 Jul

3

Liquidia (LQDA) shares rally as fair value debates center on growth prospects and patent risks. Patent risk and growth debates create moderate shifts in investor views and near-term stock moves for Liquidia.

22 Jul

3

Liquidia Corporation evaluates its differentiated PAH strategy as a potential driver of sustained long-term growth. LQDA's PAH strategy discussion may moderately affect competitive positioning and investor views but remains limited in immediate scope.

14 Jul

4

Liquidia expands YUTREPIA after its patent case turns more favorable. Favorable patent shift enables YUTREPIA expansion and strengthens Liquidia's market position.

stockrow.com/LQDA · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com