Develops inhalation powders for pulmonary arterial hypertension.
Jun 2026Revenue $451M/yrExpenses $282M/yr
Reached break-even Feb 2026
Figures by year
When did Liquidia become profitable?
Its revenue passed its expenses in Feb 2026. In the 12 months to Jun 2026, revenue was $451M and expenses $282M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $158M | $210M | −$51.4M |
| Dec 2024 | $14.0M | $135M | −$121M |
| Dec 2023 | $17.5M | $90.9M | −$73.4M |
| Dec 2022 | $15.9M | $54.7M | −$38.8M |
| Dec 2021 | $12.9M | $46.6M | −$33.8M |
| Dec 2020 | $740K | $59.8M | −$59.1M |
| Dec 2019 | $8.07M | $54.9M | −$46.8M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.