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

Liquidia has reported Research & Development over the past 6 years, most recently at $16.9 million for Q4 2025.

  • Quarterly results put Research & Development at $16.9 million for Q4 2025, up 2.84% from a year ago — trailing twelve months through Dec 2025 was $39.3 million (down 17.9% YoY), and the annual figure for FY2025 was $39.3 million, down 17.9%.
  • Research & Development for Q4 2025 was $16.9 million at Liquidia, up from $9.3 million in the prior quarter.
  • Over the last five years, Research & Development for LQDA hit a ceiling of $17.7 million in Q2 2023 and a floor of $4.5 million in Q3 2021.
  • Median Research & Development over the past 5 years was $6.5 million (2021), compared with a mean of $8.5 million.
  • Biggest five-year swings in Research & Development: surged 239.05% in 2023 and later crashed 46.76% in 2024.
  • Liquidia's Research & Development stood at $5.4 million in 2021, then decreased by 7.53% to $5.0 million in 2022, then skyrocketed by 157.82% to $12.8 million in 2023, then increased by 28.42% to $16.5 million in 2024, then increased by 2.84% to $16.9 million in 2025.
  • The last three reported values for Research & Development were $16.9 million (Q4 2025), $9.3 million (Q3 2025), and $6.0 million (Q2 2025) per Business Quant data.