Liquidia Corporation

LQDA Healthcare Drug Manufacturers Specialty & Generic

Liquidia Corporation’s revenue for fiscal 2025 (year ended December 2025) was $158.3 million, up 1,031.2% from fiscal 2024.

Revenue
+1,842.7%
EPS
+271.4%
Free cash flow
+270.2%
Total debt
−9.04%

Quarter to June 2026, against a year earlier

44.69 2.69 −5.68%
Market cap
$4.0B
P/E
28.5×
Fwd P/E
22.1×
Dividend yield
—
F-score
5/9
Altman Z
4.08
Beneish M
6.79
Dividend safety
n/a

Liquidia Corporation (LQDA) Debt to equity

Alert me on Debt to equity

Liquidia Corporation's debt to equity at the end of the quarter to 30 June 2026 was 0.9×, down 3.4× from fiscal 2025 (4.3×). Over the past ten years it has ranged from −0.7× (fiscal 2017) to 4.3× (fiscal 2025) — the current reading is the highest in ten years. That is above the Drug Manufacturers Specialty & Generic industry median of 0.0× and above the Healthcare sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 4.3× 199.63%
FY2024 1.4× 46.61%
FY2023 1.0× 339.06%
FY2022 0.2× —
FY2022 0.0× —
FY2021 0.2× —
FY2021 0.0× —
FY2020 0.1× —
FY2020 0.0× —
FY2019 0.5× (30.64%)

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.9× (44.90%)
Mar 2026 1.6× (61.69%)
Dec 2025 4.3× (51.01%)
Sep 2025 8.7× (31.52%)
32 more quarters

Against its own ten years

Low −0.7× High 4.3×
Ten-year median 0.2×
Current reading's percentile 100

Debt to equity against peers

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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