Liquidia annual gross margin
2020
2021
2022
2023
2024
2025
Liquidia Gross Margin Growth & History (LQDA)
Liquidia's gross margin was 91.64% for fiscal 2025.
View full Liquidia company overviewLiquidia annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 91.64% | +33.64 pp |
| 2024 | 2024-12-31 | 58.00% | −25.49 pp |
| 2023 | 2023-12-31 | 83.49% | +1.43 pp |
| 2022 | 2022-12-31 | 82.06% | +5.58 pp |
| 2021 | 2021-12-31 | 76.48% | +8.62 pp |
| 2020 | 2020-12-31 | 67.86% | — |
Liquidia quarterly gross margin
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 93.27% | +10.21 pp |
| Q1 2026 | 2026-03-31 | 91.08% | +39.70 pp |
| Q4 2025 | 2025-12-31 | 92.33% | +38.75 pp |
| Q3 2025 | 2025-09-30 | 94.16% | +29.35 pp |
| Q2 2025 | 2025-06-30 | 83.06% | +23.86 pp |
| Q1 2025 | 2025-03-31 | 51.38% | +0.74 pp |
| Q4 2024 | 2024-12-31 | 53.58% | −24.50 pp |
| Q3 2024 | 2024-09-30 | 64.82% | −19.69 pp |
| Q2 2024 | 2024-06-30 | 59.20% | −26.78 pp |
| Q1 2024 | 2024-03-31 | 50.64% | −34.80 pp |
| Q4 2023 | 2023-12-31 | 78.08% | −8.97 pp |
| Q3 2023 | 2023-09-30 | 84.50% | +7.88 pp |
| Q2 2023 | 2023-06-30 | 85.98% | +4.64 pp |
| Q1 2023 | 2023-03-31 | 85.44% | +5.32 pp |
| Q4 2022 | 2022-12-31 | 87.05% | +9.61 pp |
| Q3 2022 | 2022-09-30 | 76.62% | +4.62 pp |
| Q2 2022 | 2022-06-30 | 81.34% | +2.49 pp |
| Q1 2022 | 2022-03-31 | 80.13% | +2.63 pp |
| Q4 2021 | 2021-12-31 | 77.44% | +9.58 pp |
| Q3 2021 | 2021-09-30 | 72.00% | — |
| Q2 2021 | 2021-06-30 | 78.85% | — |
| Q1 2021 | 2021-03-31 | 77.50% | — |
| Q4 2020 | 2020-12-31 | 67.86% | — |
Liquidia gross margin trends
Over the last five fiscal years, Liquidia's gross margin increased from 67.86% to 91.64%, a change of +23.78 percentage points. The latest reported quarter, Q2 2026, shows 93.27%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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