Liquidia (LQDA) Operating Expenses (2020 - 2026)

Liquidia has reported Operating Expenses for 7 years, with the latest figure at $86.2 million in Q2 2026.

• On a quarterly basis, Operating Expenses rose 85.93% year-over-year to $86.2 million in Q2 2026; TTM through Jun 2026 was $282.3 million, a 79.2% increase from a year earlier, with the FY2025 full-year figure at $209.7 million, up 55.0% from the prior year.
• Operating Expenses was $86.2 million for Q2 2026 at Liquidia, up from $71.4 million in the prior quarter.
• The five-year high for Operating Expenses was $86.2 million in Q2 2026, with the low at $11.9 million in Q4 2022.
• Average Operating Expenses over 5 years is $36.0 million, with a median of $31.4 million recorded in 2023.
• The largest YoY upside for Operating Expenses was 161.17% in 2023 against a maximum downside of 23.6% in 2023.
• Over 5 years, Operating Expenses stood at $11.9 million in 2022, then surged by 161.17% to $31.0 million in 2023, then advanced by 26.02% to $39.0 million in 2024, then surged by 85.1% to $72.2 million in 2025, then grew by 19.28% to $86.2 million in 2026.
• The last three Operating Expenses figures came in at $86.2 million (Q2 2026), $71.4 million (Q1 2026), and $72.2 million (Q4 2025), per Business Quant data.