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AI brief of an SEC Form 8-K · Liquidia (LQDA)

Liquidia reports 2025 revenue of $158.3 million and narrower net loss of $68.9 million

Positive Impact 3 of 5 earnings Written later

Liquidia reported full-year 2025 total revenue of $158.3 million, up from $14.0 million in 2024, as YUTREPIA launched in June 2025. The net loss narrowed to $68.9 million, or $0.80 per share, from $128.3 million, or $1.63 per share, and the company posted its second consecutive quarter of net income, $14.6 million in the fourth quarter.

Key points

  • YUTREPIA net product sales were $148.3 million for 2025, including $90.1 million in the fourth quarter.
  • Fourth-quarter 2025 net income was $14.6 million, compared with a net loss of $38.5 million in the fourth quarter of 2024.
  • Selling, general and administrative expenses rose to $157.2 million from $81.6 million in 2024.
  • Cash and cash equivalents were $190.7 million at December 31, 2025, compared with $176.5 million a year earlier.

The filing

CompanyLiquidia (LQDA)
Form8-K, current report
Filed with the SECMar 5, 2026, 6:45 AM ET
Accession number0001104659-26-023794

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.