Liquidia annual revenue
2019
2020
2021
2022
2023
2024
2025
Liquidia Revenue Growth & History (LQDA)
Liquidia reported $158.3M in revenue for fiscal 2025, an increase of 1031.18% from the previous fiscal year.
View full Liquidia company overviewLiquidia annual revenue and growth
| Fiscal year | Period ended | Revenue | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $158.3M | $144.3M | +1031.18% |
| 2024 | 2024-12-31 | $14.0M | −$3.5M | −19.97% |
| 2023 | 2023-12-31 | $17.5M | $1.6M | +9.75% |
| 2022 | 2022-12-31 | $15.9M | $3.1M | +23.98% |
| 2021 | 2021-12-31 | $12.9M | $12.1M | +1637.77% |
| 2020 | 2020-12-31 | $739,628 | −$7.3M | −90.84% |
| 2019 | 2019-12-31 | $8.1M | — | — |
Liquidia quarterly revenue
Q1.20
Q2.20
Q3.20
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 | Revenue | Change | YoY growth |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $171.7M | $162.8M | +1842.73% |
| Q1 2026 | 2026-03-31 | $132.9M | $129.7M | +4158.49% |
| Q4 2025 | 2025-12-31 | $92.0M | $89.1M | +3054.65% |
| Q3 2025 | 2025-09-30 | $54.3M | $49.9M | +1121.72% |
| Q2 2025 | 2025-06-30 | $8.8M | $5.2M | +141.51% |
| Q1 2025 | 2025-03-31 | $3.1M | $148,000 | +4.98% |
| Q4 2024 | 2024-12-31 | $2.9M | −$1.6M | −35.62% |
| Q3 2024 | 2024-09-30 | $4.4M | $770,000 | +20.94% |
| Q2 2024 | 2024-06-30 | $3.7M | −$1.1M | −23.55% |
| Q1 2024 | 2024-03-31 | $3.0M | −$1.5M | −33.85% |
| Q4 2023 | 2023-12-31 | $4.5M | −$829,000 | −15.47% |
| Q3 2023 | 2023-09-30 | $3.7M | $513,000 | +16.21% |
| Q2 2023 | 2023-06-30 | $4.8M | $868,000 | +22.15% |
| Q1 2023 | 2023-03-31 | $4.5M | $1.0M | +28.67% |
| Q4 2022 | 2022-12-31 | $5.4M | $2.1M | +66.77% |
| Q3 2022 | 2022-09-30 | $3.2M | −$14,000 | −0.44% |
| Q2 2022 | 2022-06-30 | $3.9M | $542,000 | +16.05% |
| Q1 2022 | 2022-03-31 | $3.5M | $408,000 | +13.23% |
| Q4 2021 | 2021-12-31 | $3.2M | $2.5M | +334.54% |
| Q3 2021 | 2021-09-30 | $3.2M | $3.2M | — |
| Q2 2021 | 2021-06-30 | $3.4M | $3.4M | — |
| Q1 2021 | 2021-03-31 | $3.1M | $3.1M | — |
| Q4 2020 | 2020-12-31 | $739,628 | — | — |
| Q3 2020 | 2020-09-30 | $0 | — | — |
| Q2 2020 | 2020-06-30 | $0 | — | — |
| Q1 2020 | 2020-03-31 | $0 | — | — |
Liquidia revenue growth trends
Over the last five reported fiscal years, revenue grew from $739,628 to $158.3M, a compound annual growth rate of 192.49%. Liquidia's latest reported quarter, Q2 2026, generated $171.7M in revenue, an increase of 1842.73% year over year.
About the data
What revenue means
Revenue is the top-line amount a company reports from selling goods and services before expenses are deducted. Fiscal periods can differ from calendar years, so each table includes the exact period end date.
Financial data
Standardized company financials
TickerStat standardizes company financial facts for consistent comparison. Derived growth rates use the displayed values and are not guidance or forecasts.
Review Liquidia source filings ↗Community posts
Liquidia loses on two patent claims as court remedies remain undecided
A Delaware federal court found two claims of US patent 11,826,327, held by United Therapeutics ($UTHR), valid and infringed in its litigation against Liquidia ($LQDA). Four other asserted claims were held invalid. The patent concerns inhale ...
