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

Liquidia's Research & Development history runs 7 years deep, the most recent figure standing at $12.6 million for Q1 2026.

• On a quarterly basis, Research & Development rose 80.46% year-over-year to $12.6 million in Q1 2026; TTM through Mar 2026 was $44.9 million, a 0.29% change from a year earlier, with the FY2025 full-year figure at $39.3 million, down 17.9% from the prior year.
• Research & Development eased to $12.6 million in Q1 2026 per LQDA's latest filing, from $16.9 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 2022.
• The 5-year median for Research & Development is $9.3 million (2025), against an average of $9.6 million.
• Across the five-year window, Research & Development surged 239.05% in 2023 and sank 46.76% in 2024, its largest moves.
• Year by year, Research & Development stood at $5.0 million in 2022, then soared by 157.82% to $12.8 million in 2023, then gained by 28.42% to $16.5 million in 2024, then gained by 2.84% to $16.9 million in 2025, then retreated by 25.8% to $12.6 million in 2026.
• Per Business Quant, the three latest LQDA Research & Development figures stand at $12.6 million (Q1 2026), $16.9 million (Q4 2025), and $9.3 million (Q3 2025).