Liquidia Corporation (LQDA)

From the record

Liquidia Corporation's filings since 2020 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Liquidia Corporation's 7 filed years say what it did: revenue went from $8 million in fiscal 2019 to $158 million in fiscal 2025, up 64.2% a year; it rose in 4 of 6 years; the deepest fall was 91% from fiscal 2019 to fiscal 2020; net income was positive in 0 of 7 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Liquidia Corporation lost about 154 cents for every dollar of shareholders' money. Leverage: it owed about 86 cents per dollar of assets, and net share issuance: its share count grew 9.3% over the year (the filed statements).

From the record

Liquidia Corporation's standing among 315 graded names in its industry family: revenue of $158 million in fiscal 2025 ranks in the top 31% by size; a net margin of -43.5% ranks in the top 40%; revenue growth of 114.9% a year over the last 3 filed years ranks in the top 12% (its annual reports).

From the record

Liquidia Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Jeffs, Roger (Chief Executive Officer, as filed), filing under that title since 2022-01-04, 4.9 years (bottom 47% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 5.6 years (top 49%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (top 14%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Liquidia Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $191 million against no long-term debt tagged leaves 58.1% of its assets as net cash, top 28% of its family; cash from operations less capital spending is -25.3% of revenue (top 39%); research spending of 24.8% of revenue (bottom 30%) (its annual report).

From the record

Liquidia Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 114.9% a year over the last three filed years against 64.2% over all 7, speeding up (top 9% of its family); the newest year grew 1033.1% (top 4%); research spending grew 26.4% a year (top 17%); capital spending grew 94.2% a year (top 10%) (its annual reports). Liquidia Corporation reported 2 product lines in fiscal 2025: Product at $148 million (94%), Service at $10 million (6%); 0 of 1 grew against the year before (its annual report).

From the record

Liquidia Corporation's newest year against its own record: revenue of $158 million in fiscal 2025 came in 1106.9% above the $13 million its prior three years' pace pointed to (top 5% of its family); net income of $69 million against a prior three-year average of $83 million (top 49%); a net margin of -43.5% against losses larger than its revenue before (top 20%) (its annual reports).