Liquidia (LQDA) Research & Development (2020 - 2026)

Liquidia has reported Research & Development for 7 years, with the latest figure at $17.2 million in Q2 2026.

• On a quarterly basis, Research & Development rose 185.4% year-over-year to $17.2 million in Q2 2026; TTM through Jun 2026 was $56.0 million, a 35.53% increase from a year earlier, with the FY2025 full-year figure at $39.3 million, down 17.9% from the prior year.
• Research & Development was $17.2 million for Q2 2026 at Liquidia, up from $12.6 million in the prior quarter.
• The five-year high for Research & Development was $17.7 million in Q2 2023, with the low at $4.5 million in Q3 2022.
• Average Research & Development over 5 years is $10.0 million, with a median of $9.4 million recorded in 2024.
• The sharpest annual moves came in 2023 and 2024: Research & Development jumped 239.05% in 2023, then plunged 46.76% in 2024.
• Over 5 years, Research & Development stood at $5.0 million in 2022, then jumped by 157.82% to $12.8 million in 2023, then advanced by 28.42% to $16.5 million in 2024, then advanced by 2.84% to $16.9 million in 2025, then gained by 1.42% to $17.2 million in 2026.
• The last three Research & Development figures came in at $17.2 million (Q2 2026), $12.6 million (Q1 2026), and $16.9 million (Q4 2025), per Business Quant data.