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Liquidia Corp
Nasdaq · CIK 1819576
Last close28.64
Daily change+0.65 (2.32%)
10 Years gain+158.02%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
LQDA · STANDARD
SIC 2834 · Pharmaceutical Preparations · Fiscal year end 1231
Fundamental
82.3Momentum
100.0Acceleration
100.0Confidence
69.0Annual Revenue7
Quarterly Revenue20
Annual CFO7
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth25.0 / 25
Quality18.2 / 25
Capital Efficiency20.0 / 20
Balance Sheet15.0 / 15
Shareholder Economics0.0 / 10
Forward Indicators0.0 / 5
Signals
Gross margin expansionGross margin improved by 34.9183 percentage points.
Operating leverageOperating margin improved by 879.7028 percentage points.
Net debt reductionNet debt declined versus the comparison period.
Warnings
Receivables anomaly · MEDIUMAccounts receivable growth is materially above revenue growth.
Inventory anomaly · MEDIUMInventory growth is materially above revenue growth.
Heavy share dilution · HIGHDiluted share count increased 19.0487%.
Possible growth trap · HIGHRevenue growth is high, but quality indicators are deteriorating.
Key Metrics
Revenue Growth TTM2,489.78%OK
Revenue CAGR 3Y114.98%OK
Gross Margin92.37%OK
Operating Margin30.26%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROICn/aMISSING
Incremental Operating Margin 3Y41.88%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y19.05%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $158.32M | $145.08M | -$51.38M | -$35.69M | -$40.02M | 91.64% | -32.45% | -25.28% | n/a | 86.06M |
| 2025 FY Dec 31, 2024 | $14.00M | $8.12M | -$121.29M | -$93.42M | -$98.37M | 58% | -866.63% | -702.85% | n/a | 78.71M |
| 2025 FY Dec 31, 2023 | $17.49M | $14.60M | -$73.38M | -$41.56M | -$42.85M | 83.49% | -419.62% | -245.05% | n/a | 64.99M |
| 2023 FY Dec 31, 2022 | $15.94M | $13.08M | -$38.77M | -$28.59M | -$29.18M | 82.06% | -243.3% | -183.12% | -174.03% | 60.96M |
| 2022 FY Dec 31, 2021 | $12.85M | $9.83M | -$33.80M | -$34.04M | -$34.14M | 76.48% | -262.95% | -265.63% | -155.94% | 49.68M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $367.72M | sum latest 4 fiscal quarters Revenue | OK | 0001104659-26-094410, 0001104659-25-105215 |
| Revenue Growth TTM | 2,489.78% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001104659-26-094410, 0001104659-25-105215 |
| Revenue CAGR 3Y | 114.98% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001104659-26-023804 |
| Revenue CAGR 5Y | 192.49% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001104659-26-023804 |
| Gross Profit CAGR 3Y | 123.04% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001104659-26-023804 |
| Operating Income Growth | n/a | OperatingIncome_current / OperatingIncome_prior_year - 1 | INSUFFICIENT_HISTORY | 0001104659-26-094410, 0001104659-25-105215 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 92.37% | Gross Profit / Revenue | OK | 0001104659-26-094410, 0001104659-25-105215 |
| Operating Margin | 30.26% | Operating Income / Revenue | OK | 0001104659-26-094410, 0001104659-25-105215 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001104659-26-094410 |
| Current Ratio | 2.31x | Current Assets / Current Liabilities | OK | derived |
| Revenue per Diluted Share | $3.63 | Revenue / Diluted Shares | OK | 0001104659-26-094410, 0001104659-25-105215 |
| SBC / FCF | n/a | SBC / FCF | NOT_MEANINGFUL | derived |
| Dividend Payout Ratio | n/a | Cash dividends paid / Net income | NOT_MEANINGFUL | 0001104659-26-023804 |