Liquidia (LQDA) Operating Income (2020 - 2026)

Liquidia (LQDA) recorded quarterly Operating Income of $61.5 million in Q1 2026, up 210.83% quarter-over-quarter from $19.8 million in Q4 2025, and up 273.62% on a YoY basis from $16.5 million in Q1 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.

  • In Q1 2026, Operating Income rose 273.62% year-over-year to $61.5 million; the TTM figure through Mar 2026 stood at $45.6 million (up 135.61% YoY), while the FY2025 annual figure was -$51.4 million, up 57.64% from the prior year.
  • Operating Income was $61.5 million for Q1 2026 at Liquidia, up from $19.8 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $61.5 million in Q1 2026 to a low of -$37.5 million in Q2 2025.
  • Historically, Operating Income has averaged -$13.1 million across 5 years, with a median of -$14.9 million in 2023.
  • The sharpest annual moves came in 2023 and 2026: Operating Income sank 306.9% in 2023, then surged 273.62% in 2026.
  • A 5-year view of Operating Income shows it stood at -$6.5 million in 2022, then tumbled by 306.9% to -$26.4 million in 2023, then sank 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.
  • The last three Operating Income figures came in at $61.5 million (Q1 2026), $19.8 million (Q4 2025), and $1.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Teva Pharmaceutical Industries 38.77 Bn 35.04 Bn 1.97 Bn 652.00 Mn
2 Zoetis 34.11 Bn 32.16 Bn 1.62 Bn 833.00 Mn
3 United Therapeutics 23.68 Bn 21.53 Bn 648.10 Mn 325.80 Mn
4 Aurora Cannabis 16.48 Bn 16.40 Bn 33.43 Mn 14.03 Mn
5 Neurocrine Biosciences 16.19 Bn 14.88 Bn 800.70 Mn 193.40 Mn
6 Elanco Animal Health 11.44 Bn 11.01 Bn 785.00 Mn 307.00 Mn
7 Alkermes 7.28 Bn 6.77 Bn -116.06 Mn -48.28 Mn
8 Lantheus Holdings 6.48 Bn 5.98 Bn 230.92 Mn 81.33 Mn
9 Hims & Hers Health 6.35 Bn 5.60 Bn 396.79 Mn -78.32 Mn
10 Liquidia 5.74 Bn 5.52 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