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Companies / Healthcare / Liquidia Corp
LQDA

Liquidia Corp

HealthcarePharmaceutical Preparations
Ticker LQDAMORRISVILLE, NCFiscal year ends DecemberBook value per share $1.93Diluted shares 101.3M

Liquidia Corporation (Nasdaq Capital Market) is a biopharmaceutical company focused on developing and commercializing treatments for patients with challenging respiratory and vascular diseases, particularly pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease. The… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$158.32M
+1031.2% year over year
Last 12 mo $450.91M
-32.45%
+834.2 percentage points
Last 12 mo 37.39%
$-68.92M
+47.1% year over year
Last 12 mo $138.61M
-154.03%
+14.7 percentage points
Last 12 mo 71.04%
Cash & financing
$-35.69M
+61.8% year over year
Last 12 mo $167.71M
$-40.02M
+59.3% year over year
Last 12 mo $150.69M
4.60
Was 0.09× a year earlier
Last 12 mo 0.95
86.1M
+9.3% year over year
Last 12 mo 101.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Liquidia Corp does

In the company’s own words

Liquidia Corporation (Nasdaq Capital Market) is a biopharmaceutical company focused on developing and commercializing treatments for patients with challenging respiratory and vascular diseases, particularly pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease. The company operates through two wholly owned subsidiaries: Liquidia Technologies, Inc. and Liquidia PAH, LLC.

The company's primary revenue-generating product is YUTREPIA, a dry powder inhalation formulation of treprostinil approved by the FDA in May 2025 for treating both PAH and PH-ILD. YUTREPIA was designed using Liquidia's proprietary PRINT particle engineering technology, which enables precise production of uniform drug particles to enhance deep lung delivery while allowing higher dose levels than competing inhaled therapies. The company also generates revenue through a promotion agreement with Sandoz Inc., under which it shares profits from sales of Sandoz's generic treprostinil injection in the United States.

Liquidia's pipeline includes L606, an investigational liposomal formulation of treprostinil licensed from Pharmosa Biopharm Inc., which is being evaluated in clinical trials for PAH and PH-ILD treatment. The company is also planning clinical studies to evaluate YUTREPIA for additional indications including pulmonary hypertension associated with chronic obstructive pulmonary disease, idiopathic pulmonary fibrosis, progressive pulmonary fibrosis, and Raynaud's phenomenon associated with systemic sclerosis.

The company operates a 45,000 square foot manufacturing facility in Morrisville, North Carolina, where it designs and manufactures engineered drug particles using PRINT technology. Liquidia also leases a 70,131 square foot facility in Morrisville for expansion of particle fabrication capabilities. The company employs a targeted commercial field force calling on healthcare providers and key stakeholders involved in PAH and PH-ILD treatment throughout the United States.

Liquidia's website is www.liquidia.com. The company's PRINT technology platform represents a core competitive advantage, providing proprietary manufacturing capabilities and patent protection for particle engineering across multiple therapeutic applications and routes of administration.

Company details
Sector
Healthcare
Industry
Pharmaceutical Preparations
Headquarters
MORRISVILLE, NC
Fiscal year end
December
CIK
1819576
SIC
2834

Financial performance, year by year

Fiscal 2020–2025 · USD
$-188.52M$-14.13M$160.26M$334.65M$509.04M202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Liquidia Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

230
funds hold it
0 of 35
superinvestors hold it
$1.62B
held by funds, at market
24.8%
of shares held by funds

Largest fund holders · Liquidia Corp’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.30%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.17%of fund net assets
FULLERTHALER BEHAVIORAL SMALL-CAP GROWTH
FTXNX · Capitol Series Trust
1.05%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.07%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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