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Liquidia (LQDA) Operating Expenses (2020 - 2026)

Liquidia's Operating Expenses history spans 7 years, with the latest figure at $71.4 million for Q1 2026.

  • Quarterly Operating Expenses rose 85.14% to $71.4 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $242.5 million through Mar 2026, up 70.71% year-over-year, with the annual reading at $209.7 million for FY2025, 55.0% up from the prior year.
  • Operating Expenses came in at $71.4 million for Q1 2026, down from $72.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $72.2 million in Q4 2025 to a low of $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.
  • The largest YoY upside for Operating Expenses was 161.17% in 2023 against a maximum downside of 23.6% in 2023.
  • Liquidia's Operating Expenses stood at $11.9 million in 2022, then soared by 161.17% to $31.0 million in 2023, then rose by 26.02% to $39.0 million in 2024, then soared by 85.1% to $72.2 million in 2025, then dropped by 1.21% to $71.4 million in 2026.
  • Per Business Quant, the three most recent readings for LQDA's Operating Expenses are $71.4 million (Q1 2026), $72.2 million (Q4 2025), and $52.6 million (Q3 2025).