Growth Metrics

Liquidia (LQDA) Operating Income (2020 - 2025)

Liquidia has reported Operating Income over the past 6 years, most recently at $19.8 million for Q4 2025.

  • Quarterly results put Operating Income at $19.8 million for Q4 2025, up 154.8% from a year ago — trailing twelve months through Dec 2025 was -$51.4 million (up 57.64% YoY), and the annual figure for FY2025 was -$51.4 million, up 57.64%.
  • Operating Income for Q4 2025 was $19.8 million at Liquidia, up from $1.8 million in the prior quarter.
  • Over the last five years, Operating Income for LQDA hit a ceiling of $19.8 million in Q4 2025 and a floor of -$37.5 million in Q2 2025.
  • Median Operating Income over the past 5 years was -$12.9 million (2021), compared with a mean of -$15.9 million.
  • Biggest five-year swings in Operating Income: tumbled 306.9% in 2023 and later soared 154.8% in 2025.
  • Liquidia's Operating Income stood at -$11.4 million in 2021, then soared by 42.82% to -$6.5 million in 2022, then tumbled by 306.9% to -$26.4 million in 2023, then tumbled by 36.58% to -$36.1 million in 2024, then soared by 154.8% to $19.8 million in 2025.
  • The last three reported values for Operating Income were $19.8 million (Q4 2025), $1.8 million (Q3 2025), and -$37.5 million (Q2 2025) per Business Quant data.