Liquidia Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	450.91	158.32	14	17.49	15.94	12.85
Revenue Growth	2233.65%	1031.18%	-19.97%	9.75%	23.98%	1637.76%
Cost of Revenue	33.63	13.24	5.88	2.89	2.86	3.02
Gross Profit	417.28	145.08	8.12	14.6	13.08	9.83
Selling, General & Admin	192.66	157.18	82.31	45.44	33.11	23.81
Research & Development	56.04	39.28	47.1	42.54	18.73	19.82
Operating Expenses	248.7	196.45	129.41	87.98	51.85	43.63
Operating Income	168.58	-51.38	-121.29	-73.38	-38.77	-33.8
Interest Expense	-26.63	-24.17	-14.65	-6.27	-2.34	-0.76
Interest & Investment Income	7.56	6.62	7.65	3.47	1.09	0.03
EBT Excluding Unusual Items	149.5	-68.92	-128.29	-76.19	-40.02	-34.53
Other Unusual Items	-	-	-	-2.31	-1	-0.05
Pretax Income	149.5	-68.92	-128.29	-78.5	-41.02	-34.58
Net Income	138.61	-68.92	-128.29	-78.5	-41.02	-34.58
Net Income to Common	138.61	-68.92	-128.29	-78.5	-41.02	-34.58
Net Income Growth	-	-	-	-	-	-
Shares Outstanding (Basic)	88	86	79	65	61	50
Shares Outstanding (Diluted)	94	86	79	65	61	50
Shares Change	12.65%	9.34%	21.10%	6.62%	22.71%	46.59%
EPS (Basic)	1.58	-0.80	-1.63	-1.21	-0.67	-0.70
EPS (Diluted)	1.48	-0.80	-1.63	-1.21	-0.67	-0.70
EPS Growth	-	-	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	150.69	-40.02	-98.37	-42.85	-29.18	-34.14
Free Cash Flow Per Share	1.60	-0.47	-1.25	-0.66	-0.48	-0.69
Gross Margin	92.54%	91.64%	57.99%	83.49%	82.06%	76.48%
Operating Margin	37.39%	-32.45%	-866.63%	-419.63%	-243.30%	-262.95%
Profit Margin	30.74%	-43.54%	-916.63%	-448.89%	-257.39%	-269.03%
Free Cash Flow Margin	33.42%	-25.28%	-702.85%	-245.05%	-183.12%	-265.63%
EBITDA	169.77	-50.35	-119.7	-71.81	-36.62	-30.89
EBITDA Margin	37.65%	-31.80%	-	-	-229.83%	-240.29%
D&A For EBITDA	1.19	1.03	1.6	1.58	2.15	2.91
EBIT	168.58	-51.38	-121.29	-73.38	-38.77	-33.8
EBIT Margin	37.39%	-32.45%	-	-	-243.30%	-262.95%
Revenue as Reported	450.91	158.32	14	17.49	-	-

SEC Filings: 10-K · 10-Q