Liquidia Corp
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $158.3M | $14.0M | $17.5M | $15.9M | $12.9M |
| Operating income | -$51.4M | -$121.3M | -$73.4M | -$38.8M | -$33.8M |
| Cost of revenue | — | $5.9M | $2.9M | $2.9M | $3.0M |
| Cash from operations | -$35.7M | -$93.4M | -$41.6M | -$28.6M | -$34.0M |
| Capital expenditure | $4.3M | $4.9M | $1.3M | $592,000 | $107,000 |
| Free cash flow | -$40.0M | -$98.4M | -$42.9M | -$29.2M | -$34.1M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $327.9M | $230.3M | $118.3M | $129.2M | $93.7M |
| Total liabilities | $283.2M | $150.9M | $71.0M | $38.8M | $28.5M |
Shares outstanding 88.9M · Free float 71.9%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.