Liquidia (LQDA) Operating Expenses (2020 - 2026)

Liquidia's Operating Expenses history runs 7 years deep, the most recent figure standing at $71.4 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 85.14% year-over-year to $71.4 million in Q1 2026; TTM through Mar 2026 was $242.5 million, a 70.71% increase from a year earlier, with the FY2025 full-year figure at $209.7 million, up 55.0% from the prior year.
• Operating Expenses slipped to $71.4 million in Q1 2026 per LQDA's latest filing, from $72.2 million in the prior quarter.
• Across five years, Operating Expenses topped out at $72.2 million in Q4 2025 and bottomed at $11.9 million in Q4 2022.
• The 5-year median for Operating Expenses is $31.0 million (2023), against an average of $33.1 million.
• Biggest YoY gain for Operating Expenses was 161.17% in 2023; the steepest drop was 23.6% in 2023.
• Year by year, Operating Expenses stood at $11.9 million in 2022, then jumped by 161.17% to $31.0 million in 2023, then gained by 26.02% to $39.0 million in 2024, then jumped by 85.1% to $72.2 million in 2025, then decreased by 1.21% to $71.4 million in 2026.
• Per Business Quant, the three latest LQDA Operating Expenses figures stand at $71.4 million (Q1 2026), $72.2 million (Q4 2025), and $52.6 million (Q3 2025).