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Liquidia (LQDA) Operating Expenses: 2020-2025

Historic Operating Expenses for Liquidia (LQDA) over the last 6 years, with Sep 2025 value amounting to $52.6 million.

  • Liquidia's Operating Expenses rose 56.30% to $52.6 million in Q3 2025 from the same period last year, while for Sep 2025 it was $176.5 million, marking a year-over-year increase of 38.71%. This contributed to the annual value of $135.3 million for FY2024, which is 48.88% up from last year.
  • Per Liquidia's latest filing, its Operating Expenses stood at $52.6 million for Q3 2025, which was up 13.45% from $46.3 million recorded in Q2 2025.
  • In the past 5 years, Liquidia's Operating Expenses ranged from a high of $52.6 million in Q3 2025 and a low of $9.7 million during Q2 2021.
  • Over the past 3 years, Liquidia's median Operating Expenses value was $31.8 million (recorded in 2024), while the average stood at $33.1 million.
  • As far as peak fluctuations go, Liquidia's Operating Expenses plummeted by 30.74% in 2021, and later spiked by 161.17% in 2023.
  • Over the past 5 years, Liquidia's Operating Expenses (Quarterly) stood at $14.6 million in 2021, then decreased by 18.66% to $11.9 million in 2022, then skyrocketed by 161.17% to $31.0 million in 2023, then increased by 26.02% to $39.0 million in 2024, then surged by 56.30% to $52.6 million in 2025.
  • Its Operating Expenses stands at $52.6 million for Q3 2025, versus $46.3 million for Q2 2025 and $38.5 million for Q1 2025.