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Liquidia (LQDA) Research & Development (2020 - 2025)

Liquidia (LQDA) has 6 years of Research & Development data on record, last reported at $16.9 million in Q4 2025.

  • For Q4 2025, Research & Development rose 2.84% year-over-year to $16.9 million; the TTM value through Dec 2025 reached $39.3 million, down 17.9%, while the annual FY2025 figure was $39.3 million, 17.9% down from the prior year.
  • Research & Development reached $16.9 million in Q4 2025 per LQDA's latest filing, up from $9.3 million in the prior quarter.
  • Across five years, Research & Development topped out at $17.7 million in Q2 2023 and bottomed at $4.5 million in Q3 2021.
  • Average Research & Development over 5 years is $8.5 million, with a median of $6.5 million recorded in 2021.
  • Peak YoY movement for Research & Development: soared 239.05% in 2023, then plummeted 46.76% in 2024.
  • A 5-year view of Research & Development shows it stood at $5.4 million in 2021, then dropped by 7.52% to $5.0 million in 2022, then soared by 157.82% to $12.8 million in 2023, then grew by 28.42% to $16.5 million in 2024, then grew by 2.84% to $16.9 million in 2025.
  • Per Business Quant database, its latest 3 readings for Research & Development were $16.9 million in Q4 2025, $9.3 million in Q3 2025, and $6.0 million in Q2 2025.