Liquidia (LQDA) Gross Margin (2020 - 2026)
Liquidia (LQDA) posted quarterly Gross Margin of 91.66% for Q1 2026, up 4028.0% year-over-year from 2.22% in Q1 2025, and down 2.92% quarter-over-quarter from 94.42% in Q4 2025.
Liquidia (LQDA) Gross Margin (2020 - 2026) Analysis & Trends
Liquidia's Gross Margin history runs 7 years deep, the most recent figure standing at 91.66% for Q1 2026.
- In Q1 2026, Gross Margin rose 4028.0% year-over-year to 91.66%; the TTM figure through Mar 2026 stood at 93.13% (up 3504.0% YoY), while the FY2025 annual figure was 94.43%, up 3643.0% from the prior year.
- Gross Margin for Q1 2026 stood at 91.66%, down from 94.42% in the prior quarter.
- The five-year high for Gross Margin was 95.78% in Q3 2025, with the low at 50.64% in Q1 2024.
- The 5-year median for Gross Margin is 81.34% (2022), against an average of 76.82%.
- The sharpest annual moves came in 2024 and 2025: Gross Margin plunged 3480 bps in 2024, then jumped 4084 bps in 2025.
- Liquidia's Gross Margin stood at 87.05% in 2022, then retreated by 10 bps to 78.08% in 2023, then sank by 31 bps to 53.58% in 2024, then jumped by 76 bps to 94.42% in 2025, then slipped by 3 bps to 91.66% in 2026.
- Business Quant data shows LQDA's Gross Margin at 91.66% in Q1 2026, 94.42% in Q4 2025, and 95.78% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 43.83 Bn | 42.86 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 42.87 Bn | 39.22 Bn | 2.15 Bn | 51.98% |
| 3 | Zoetis | 31.41 Bn | 29.73 Bn | 1.05 Bn | 42.63% |
| 4 | Takeda Pharmaceutical | 28.55 Bn | 22.75 Bn | 5.10 Bn | 66.66% |
| 5 | United Therapeutics | 22.08 Bn | 19.42 Bn | 683.80 Mn | 87.30% |
| 6 | Viatris | 18.73 Bn | 17.84 Bn | 1.46 Bn | 38.77% |
| 7 | Neurocrine Biosciences | 15.44 Bn | 15.05 Bn | 935.80 Mn | 97.58% |
| 8 | Elanco Animal Health | 11.75 Bn | 11.22 Bn | 798.00 Mn | 58.33% |
| 9 | Dr Reddys Laboratories | 10.11 Bn | 9.94 Bn | - | - |
| 10 | Liquidia | 6.31 Bn | 6.03 Bn | 160.92 Mn | 93.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 93.73% |
| Mar 31, 2026 | 91.66% |
| Dec 31, 2025 | 94.42% |
| Sep 30, 2025 | 95.78% |
| Jun 30, 2025 | 85.38% |
| Mar 31, 2025 | 51.38% |
| Dec 31, 2024 | 53.58% |
| Sep 30, 2024 | 64.82% |
| Jun 30, 2024 | 59.20% |
| Mar 31, 2024 | 50.64% |
| Dec 31, 2023 | 78.08% |
| Sep 30, 2023 | 84.50% |
| Jun 30, 2023 | 85.98% |
| Mar 31, 2023 | 85.44% |
| Dec 31, 2022 | 87.05% |
| Sep 30, 2022 | 76.62% |
| Jun 30, 2022 | 81.34% |
| Mar 31, 2022 | 80.13% |
| Dec 31, 2021 | 77.42% |
| Sep 30, 2021 | 72.00% |