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Liquidia (LQDA) Operating Expenses (2020 - 2025)

Liquidia (LQDA) has 6 years of Operating Expenses data on record, last reported at $72.2 million in Q4 2025.

  • For Q4 2025, Operating Expenses rose 85.1% year-over-year to $72.2 million; the TTM value through Dec 2025 reached $209.7 million, up 55.0%, while the annual FY2025 figure was $209.7 million, 55.0% up from the prior year.
  • Operating Expenses reached $72.2 million in Q4 2025 per LQDA's latest filing, up from $52.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $72.2 million in Q4 2025 and bottomed at $9.7 million in Q2 2021.
  • Average Operating Expenses over 5 years is $26.9 million, with a median of $23.1 million recorded in 2023.
  • Peak YoY movement for Operating Expenses: crashed 30.75% in 2021, then soared 161.17% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $14.6 million in 2021, then dropped by 18.66% to $11.9 million in 2022, then skyrocketed by 161.17% to $31.0 million in 2023, then grew by 26.02% to $39.0 million in 2024, then skyrocketed by 85.1% to $72.2 million in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $72.2 million in Q4 2025, $52.6 million in Q3 2025, and $46.3 million in Q2 2025.