Product Sales, Net was Liquidia’s largest product and service line in fiscal 2025, bringing in $148.29M of $158.32M (94%).
| Product and Service | FY 2019 | FY 2020 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Product Sales, Net | — | — | $148.29M | ||
| Service Revenue, Net | $17.49M | $14.00M | $10.03M | ||
| Service | — | — | — | ||
| Non-Refundable Payments - Up-Front Payments | — | — | — | ||
| Non-Refundable Payments - Milestones | — | — | — | ||
| Promotion Agreement | — | — | — | ||
| Research & Development Services | — | — | — | ||
| Total | $17.49M | $14.00M | $158.32M |
Liquidia brought in $158.32M from its two product and service lines in fiscal 2025, the year ended December 31, 2025. Liquidia regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $14.00M. Product Sales, Net was the largest at $148.29M (93.7%), ahead of Service Revenue, Net at $10.03M (6.3%).
Liquidia began breaking out Product Sales, Net in fiscal 2025, when it brought in $148.29M.
Liquidia (LQDA) reports its revenue by product and service. In fiscal 2025, Product Sales, Net was its largest product and service line, bringing in $148.29M (93.7% of the total), followed by Service Revenue, Net at $10.03M (6.3%).
Product Sales, Net was Liquidia's largest product and service line in fiscal 2025, bringing in $148.29M, or 93.7% of the $158.32M total across its two product and service lines.
Every figure comes from Liquidia's annual financial filings, as reported. Each line keeps the name Liquidia gives it, and years follow its fiscal calendar.
Liquidia's revenue by product and service goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.