Liquidia annual operating margin
2019
2020
2021
2022
2023
2024
2025
Liquidia Operating Margin Growth & History (LQDA)
Liquidia's operating margin was −32.45% for fiscal 2025.
View full Liquidia company overviewLiquidia annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −32.45% | +834.18 pp |
| 2024 | 2024-12-31 | −866.63% | −447.01 pp |
| 2023 | 2023-12-31 | −419.62% | −176.32 pp |
| 2022 | 2022-12-31 | −243.30% | +19.65 pp |
| 2021 | 2021-12-31 | −262.95% | +7726.08 pp |
| 2020 | 2020-12-31 | −7,989.03% | −7408.97 pp |
| 2019 | 2019-12-31 | −580.07% | — |
Liquidia quarterly operating 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 | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 49.81% | +474.22 pp |
| Q1 2026 | 2026-03-31 | 46.29% | +1181.71 pp |
| Q4 2025 | 2025-12-31 | 21.50% | +1259.32 pp |
| Q3 2025 | 2025-09-30 | 3.25% | +659.48 pp |
| Q2 2025 | 2025-06-30 | −424.41% | +318.88 pp |
| Q1 2025 | 2025-03-31 | −1,135.42% | −166.34 pp |
| Q4 2024 | 2024-12-31 | −1,237.81% | −654.37 pp |
| Q3 2024 | 2024-09-30 | −656.23% | −251.36 pp |
| Q2 2024 | 2024-06-30 | −743.29% | −266.38 pp |
| Q1 2024 | 2024-03-31 | −969.08% | −763.60 pp |
| Q4 2023 | 2023-12-31 | −583.45% | −462.23 pp |
| Q3 2023 | 2023-09-30 | −404.87% | −125.85 pp |
| Q2 2023 | 2023-06-30 | −476.91% | −247.97 pp |
| Q1 2023 | 2023-03-31 | −205.48% | +208.96 pp |
| Q4 2022 | 2022-12-31 | −121.21% | +232.30 pp |
| Q3 2022 | 2022-09-30 | −279.02% | −56.31 pp |
| Q2 2022 | 2022-06-30 | −228.94% | −40.73 pp |
| Q1 2022 | 2022-03-31 | −414.43% | −122.57 pp |
| Q4 2021 | 2021-12-31 | −353.52% | +1798.05 pp |
| Q3 2021 | 2021-09-30 | −222.71% | — |
| Q2 2021 | 2021-06-30 | −188.21% | — |
| Q1 2021 | 2021-03-31 | −291.86% | — |
| Q4 2020 | 2020-12-31 | −2,151.56% | — |
Liquidia operating margin trends
Over the last five reported fiscal years, Liquidia's operating margin increased from −7,989.03% to −32.45%, a change of +7956.58 percentage points. The latest reported quarter, Q2 2026, shows 49.81%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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.
Review Liquidia filings at SEC.gov ↗