Liquidia Corp (LQDA) Q3 2025 10-Q Quarterly Report

Filed: Nov 3, 2025Period ending Sep 30, 2025
Health Care
Pharmaceutical PreparationsSEC EDGAR

Liquidia Corp (LQDA) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 3, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Liquidia Corp Q3 2025 10-Q Analysis

Risk Factors

  • New legal risk: United Therapeutics lawsuits seeking injunction to remove YUTREPIA from PAH/PH-ILD markets, risking loss of FDA approval or sales suspension
  • Most material update: Accumulated deficit $640.9M as of Sep 30, 2025, net losses $83.5M (9 months 2025) versus $128.3M (2024) and $78.5M (2023), ongoing loss uncertainty
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Liquidia Corp Q3 2025 Quarterly Financials
XBRL

Revenue

$54M

+1121.7% YoY +514.9% QoQ

Net Income

-$4M

+84.7% YoY +91.5% QoQ

Operating Margin

3.3%

+65948bp YoY +42766bp QoQ

Net Margin

-6.5%

+51407bp YoY +46401bp QoQ

ROE

-16.0%

Total Assets

$276M

EPS (Diluted)

$-0.03

+89.7% YoY +93.9% QoQ

Operating Cash Flow

-$10M

+61.0% YoY +75.3% QoQ

Source: XBRL data from Liquidia Corp Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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