Liquidia (LQDA) Operating Income (2020 - 2026)

Liquidia's (LQDA) quarterly Operating Income came in at $61.5 million in Q1 2026, up 273.62% year-on-year from $16.5 million in Q1 2025, and up 210.83% quarter-over-quarter from $19.8 million in Q4 2025.

Liquidia (LQDA) Operating Income (2020 - 2026) Analysis & Trends

Liquidia's Operating Income history runs 7 years deep, the most recent figure standing at $61.5 million for Q1 2026.

  • On a quarterly basis, Operating Income rose 273.62% year-over-year to $61.5 million in Q1 2026; TTM through Mar 2026 was $45.6 million, a 135.61% increase from a year earlier, with the FY2025 full-year figure at -$51.4 million, up 57.64% from the prior year.
  • Operating Income grew to $61.5 million in Q1 2026 per LQDA's latest filing, from $19.8 million in the prior quarter.
  • Across five years, Operating Income topped out at $61.5 million in Q1 2026 and bottomed at -$37.5 million in Q2 2025.
  • The 5-year median for Operating Income is -$14.9 million (2023), against an average of -$13.1 million.
  • Across the five-year window, Operating Income sank 306.9% in 2023 and jumped 273.62% in 2026, its largest moves.
  • Year by year, Operating Income stood at -$6.5 million in 2022, then sank by 306.9% to -$26.4 million in 2023, then tumbled by 36.58% to -$36.1 million in 2024, then surged by 154.8% to $19.8 million in 2025, then jumped by 210.83% to $61.5 million in 2026.
  • Per Business Quant, the three latest LQDA Operating Income figures stand at $61.5 million (Q1 2026), $19.8 million (Q4 2025), and $1.8 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Haleon 88.07 Bn 86.20 Bn - -
2 Teva Pharmaceutical Industries 35.75 Bn 32.01 Bn 1.97 Bn 652.00 Mn
3 Zoetis 31.84 Bn 29.90 Bn 1.62 Bn 833.00 Mn
4 Takeda Pharmaceutical 27.18 Bn 23.12 Bn 4.39 Bn -2.65 Bn
5 United Therapeutics 23.09 Bn 20.93 Bn 648.10 Mn 325.80 Mn
6 RedHill Biopharma 21.32 Bn 21.32 Bn - -
7 Viatris 19.96 Bn 18.16 Bn 1.16 Bn -79.70 Mn
8 Neurocrine Biosciences 17.66 Bn 16.34 Bn 800.70 Mn 193.40 Mn
9 Elanco Animal Health 12.44 Bn 12.02 Bn 785.00 Mn 291.00 Mn
10 Liquidia 7.61 Bn 7.38 Bn 121.79 Mn 61.50 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 61.50 Mn
Dec 31, 2025 19.79 Mn
Sep 30, 2025 1.77 Mn
Jun 30, 2025 -37.51 Mn
Mar 31, 2025 -35.43 Mn
Dec 31, 2024 -36.11 Mn
Sep 30, 2024 -29.19 Mn
Jun 30, 2024 -27.20 Mn
Mar 31, 2024 -28.80 Mn
Dec 31, 2023 -26.44 Mn
Sep 30, 2023 -14.89 Mn
Jun 30, 2023 -22.83 Mn
Mar 31, 2023 -9.23 Mn
Dec 31, 2022 -6.50 Mn
Sep 30, 2022 -8.83 Mn
Jun 30, 2022 -8.97 Mn
Mar 31, 2022 -14.47 Mn
Dec 31, 2021 -11.36 Mn
Sep 30, 2021 -7.08 Mn
Jun 30, 2021 -6.35 Mn