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

Liquidia's Research & Development history spans 7 years, with the latest figure at $12.6 million for Q1 2026.

  • Quarterly Research & Development rose 80.46% to $12.6 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $44.9 million through Mar 2026, changed 0.29% year-over-year, with the annual reading at $39.3 million for FY2025, 17.9% down from the prior year.
  • Research & Development came in at $12.6 million for Q1 2026, down from $16.9 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $17.7 million in Q2 2023 to a low of $4.5 million in Q3 2022.
  • The 5-year median for Research & Development is $9.3 million (2025), against an average of $9.6 million.
  • Year-over-year, Research & Development surged 239.05% in 2023 and then crashed 46.76% in 2024.
  • Liquidia's Research & Development stood at $5.0 million in 2022, then surged by 157.82% to $12.8 million in 2023, then rose by 28.42% to $16.5 million in 2024, then rose by 2.84% to $16.9 million in 2025, then fell by 25.8% to $12.6 million in 2026.
  • Per Business Quant, the three most recent readings for LQDA's Research & Development are $12.6 million (Q1 2026), $16.9 million (Q4 2025), and $9.3 million (Q3 2025).