Liquidia (LQDA) EBITDA (2020 - 2026)

Liquidia (LQDA) recorded quarterly EBITDA of $61.5 million in Q1 2026, up 210.83% quarter-over-quarter from $19.8 million in Q4 2025, and up 273.62% on a YoY basis from $16.5 million in Q1 2025.

Liquidia (LQDA) EBITDA (2020 - 2026) Analysis & Trends

Liquidia's EBITDA history runs 7 years deep, the most recent figure standing at $61.5 million for Q1 2026.

  • In Q1 2026, EBITDA rose 273.62% year-over-year to $61.5 million; the TTM figure through Mar 2026 stood at $45.6 million (up 135.61% YoY), while the FY2025 annual figure was -$51.4 million, up 57.64% from the prior year.
  • EBITDA was $61.5 million for Q1 2026 at Liquidia, up from $19.8 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $61.5 million in Q1 2026 to a low of -$37.5 million in Q2 2025.
  • Historically, EBITDA has averaged -$13.1 million across 5 years, with a median of -$14.9 million in 2023.
  • The sharpest annual moves came in 2023 and 2026: EBITDA sank 306.9% in 2023, then surged 273.62% in 2026.
  • A 5-year view of EBITDA shows it stood at -$6.5 million in 2022, then tumbled by 306.9% to -$26.4 million in 2023, then sank by 36.58% to -$36.1 million in 2024, then surged by 154.8% to $19.8 million in 2025, then jumped by 210.83% to $61.5 million in 2026.
  • The last three EBITDA figures came in at $61.5 million (Q1 2026), $19.8 million (Q4 2025), and $1.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 652.00 Mn
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 833.00 Mn
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 325.80 Mn
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn -681,231.97
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 185.20 Mn
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 307.00 Mn
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn -67.29 Mn
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn -98.81 Mn
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 81.33 Mn
10 Liquidia 5.64 Bn 5.42 Bn 121.79 Mn 61.50 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 61.50 Mn
Dec 31, 2025 19.79 Mn
Sep 30, 2025 1.77 Mn
Jun 30, 2025 -37.51 Mn
Mar 31, 2025 -35.43 Mn
Dec 31, 2024 -36.11 Mn
Sep 30, 2024 -29.19 Mn
Jun 30, 2024 -27.20 Mn
Mar 31, 2024 -28.80 Mn
Dec 31, 2023 -26.44 Mn
Sep 30, 2023 -14.89 Mn
Jun 30, 2023 -22.83 Mn
Mar 31, 2023 -9.23 Mn
Dec 31, 2022 -6.50 Mn
Sep 30, 2022 -8.83 Mn
Jun 30, 2022 -8.97 Mn
Mar 31, 2022 -14.47 Mn
Dec 31, 2021 -11.36 Mn
Sep 30, 2021 -7.28 Mn
Jun 30, 2021 -6.55 Mn