Liquidia (LQDA) Cost of Revenue (2020 - 2026)

Liquidia's (LQDA) quarterly Cost of Revenue came in at $11.1 million in Q1 2026, up 630.32% year-on-year from $1.5 million in Q1 2025, and up 115.67% quarter-over-quarter from $5.1 million in Q4 2025.

Liquidia (LQDA) Cost of Revenue (2020 - 2026) Analysis & Trends

Liquidia's Cost of Revenue history runs 7 years deep, the most recent figure standing at $11.1 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 630.32% year-over-year to $11.1 million in Q1 2026; TTM through Mar 2026 was $19.8 million, a 234.0% increase from a year earlier, with the FY2025 full-year figure at $8.8 million, up 50.09% from the prior year.
  • Cost of Revenue rose to $11.1 million in Q1 2026 per LQDA's latest filing, from $5.1 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $11.1 million in Q1 2026 and bottomed at $570000.0 in Q3 2023.
  • The 5-year median for Cost of Revenue is $1.3 million (2025), against an average of $1.9 million.
  • Across the five-year window, Cost of Revenue retreated 22.97% in 2023 and soared 630.32% in 2026, its largest moves.
  • Year by year, Cost of Revenue stood at $694000.0 in 2022, then soared by 43.08% to $993000.0 in 2023, then jumped by 36.35% to $1.4 million in 2024, then soared by 279.39% to $5.1 million in 2025, then soared by 115.67% to $11.1 million in 2026.
  • Per Business Quant, the three latest LQDA Cost of Revenue figures stand at $11.1 million (Q1 2026), $5.1 million (Q4 2025), and $2.3 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Haleon 89.28 Bn 87.42 Bn - -
2 Teva Pharmaceutical Industries 35.97 Bn 32.23 Bn 1.97 Bn 2.01 Bn
3 Zoetis 32.42 Bn 30.48 Bn 1.62 Bn 641.00 Mn
4 Takeda Pharmaceutical 27.48 Bn 23.42 Bn 4.39 Bn 2.59 Bn
5 United Therapeutics 22.89 Bn 20.73 Bn 648.10 Mn 133.40 Mn
6 RedHill Biopharma 22.11 Bn 22.11 Bn - -
7 Viatris 20.44 Bn 18.64 Bn 1.16 Bn 2.36 Bn
8 Neurocrine Biosciences 17.76 Bn 16.44 Bn 800.70 Mn 13.80 Mn
9 Elanco Animal Health 12.62 Bn 12.19 Bn 785.00 Mn 586.00 Mn
10 Liquidia 7.47 Bn 7.25 Bn 121.79 Mn 11.08 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 11.08 Mn
Mar 31, 2026 11.08 Mn
Dec 31, 2025 5.14 Mn
Dec 31, 2025 5.14 Mn
Sep 30, 2025 2.30 Mn
Sep 30, 2025 2.30 Mn
Jun 30, 2025 1.29 Mn
Jun 30, 2025 1.29 Mn
Mar 31, 2025 1.52 Mn
Mar 31, 2025 1.52 Mn
Dec 31, 2024 1.35 Mn
Dec 31, 2024 1.35 Mn
Sep 30, 2024 1.57 Mn
Sep 30, 2024 1.57 Mn
Jun 30, 2024 1.49 Mn
Jun 30, 2024 1.49 Mn
Mar 31, 2024 1.47 Mn
Mar 31, 2024 1.47 Mn
Dec 31, 2023 993,000.00
Dec 31, 2023 993,000.00