LQDA · Liquidia Corporation

NASDAQ NMS - GLOBAL MARKET - Real Time Price • USD

Liquidia Corp (LQDA)

NASDAQ NMS - GLOBAL MARKET Pharmaceuticals
Move probability → Options chain →
$33.97 +7.16 (+26.71%)
● At close: October 14 at 4:00:00 PM EDT
$33.65 -0.29 (-0.85%)
🌆 After-Hours: 5:27:48 PM EDT
DAY'S RANGE $33.97
$33.18 $38.58
52-WEEK RANGE $33.97
$21.94 $93.61

What's happening

Deterministic template sentences filled in from the same sourced figures shown elsewhere on this page -- not an AI-written summary, no live model call.

Key Statistics

Market Cap$2.40B
P/E (TTM1)17.31
EPS2 (TTM)$1.39
Div Yield—
Beta30.48
Volume556,725
Open35.73
Prev Close26.81
Bid / Ask29.06 / 38.34
Next Earnings 2026-11-10 (before market open)

Analyst Recommendations

Strong buy 5 Buy 6 Hold 4 Sell 0 Strong sell 0

Aggregate ratings for 2026-09-01 (15 analysts polled by Finnhub) — consensus count.

Performance Overview (Trailing returns vs S&P 500 benchmark)

YTD RETURN
LQDA -19.77%
vs S&P 500 -33.88%
1-YEAR RETURN
LQDA +19.32%
vs S&P 500 +0.16%
6-MONTH RETURN
LQDA -27.55%
3-MONTH RETURN
LQDA -61.14%

Valuation Measures & Ratios

Enterprise Value4$2.29B
Forward P/E514.34
PEG Ratio6—
Price / Sales (TTM1)5.32
Price / Book736.34
EV4 / Revenue5.08
EV4 / EBITDA13.56
Profit Margin30.74%
Operating Margin37.39%
Return on Equity (ROE8)149.64%
Return on Assets (ROA9)36.30%
Avg Volume (3M)2,525,620
Quarterly history (5 periods)
Measure Jun '26Mar '26Sep '25Jun '25Mar '25
Market cap $8.05B $3.83B $2.01B $1.06B $1.26B
P/E 97.59 -125.21 -17.54 -7.58 -9.80
Price/Sales 21.89 19.25 28.39 52.78 88.45
Price/Book 41.25 35.31 91.08 69.72 25.26
EV/Revenue 21.12 18.13 26.16 44.14 76.49
EV/EBITDA 68.75 -453.95 -18.79 — —
ROE 42.27% -28.20% -519.27% -919.38% -257.78%
ROA 15.80% -7.63% -41.49% -54.25% -56.35%

Trailing-twelve-month ratios computed from SEC EDGAR quarterly figures and historical daily close prices (Alpaca). Diluted shares are derived from Net income ÷ EPS (diluted) for each quarter, not separately reported. Forward P/E/PEG unavailable (no free data source).

Glossary — what these abbreviations mean
1. TTM
Trailing twelve months — the sum of the last four reported quarters, not a calendar year or the single latest quarter.
2. EPS
Earnings per share — net income divided by diluted shares outstanding.
3. Beta
A stock's historical volatility relative to the overall market. Above 1 means it has moved more than the market; below 1, less.
4. EV (Enterprise Value)
Market cap plus total debt minus cash — roughly what it would cost to buy the whole company, debt included.
5. Forward P/E
Price divided by analysts' estimated earnings for the next 12 months, instead of trailing actual earnings.
6. PEG Ratio
P/E divided by expected earnings growth rate. A lower number can indicate a stock is cheap relative to how fast it's expected to grow.
7. Price / Book
Share price divided by book value (assets minus liabilities) per share.
8. ROE
Return on equity — net income divided by shareholders' equity, a measure of how efficiently a company turns equity into profit.
9. ROA
Return on assets — net income divided by total assets, a measure of how efficiently a company turns assets into profit.
10. MRQ
Most recent quarter — the single latest reported period, as opposed to TTM. The Financials section's "Quarterly" view below shows MRQ-style figures.
11. YoY
Year over year — percent change versus the same period one year earlier, used for growth figures like those on Compare cards and the Screener.

Short Interest

Shares Short12,640,721
Change from Prior Settlement+2.12%
% of Float—
Days to Cover (Short Ratio)3.84

Source: FINRA Rule 4560 consolidated short interest, settlement date 2026-09-30. Reported bi-monthly with a reporting lag — not real-time.

Quotes and the 1-day extended-hours chart: Yahoo Finance. Longer historical charts: Alpaca (IEX feed) — real-time but IEX-only volume (~2.5% of consolidated market volume). Fundamentals + earnings: Finnhub.

Price history

Events

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Technical signal summary

Calculating from the latest year of daily price history…

Calculating…
Show Technical Analysis Breakdown ▾ 10 Indicators

Not investment advice — read several signals together.

Indicators None active

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Starter sets
Trend
Oscillators
Volume/volatility
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History limited by data provider; markers are heuristics, not signals.

Peer and sector context

No reviewed peer group is available for this symbol.

Balanced evidence

A deterministic summary of sourced facts—not an AI verdict.

Potential strengths

Potential concerns

  • Latest SEC filing is Form 8-K, filed 2026-10-14; review it for current changes and risks. SEC EDGAR ↗

Rule-based facts only; absence from either side is not evidence, and this is not a recommendation.

Financials

Income statement

Line item Jun '26Mar '26Sep '25Jun '25Mar '25Sep '24Jun '24Mar '24
Revenue $171.7M $132.9M $54.3M $8.8M $3.1M $4.4M $3.7M $3.0M
Operating income $85.5M $61.5M $1.8M -$37.5M -$35.4M -$29.2M -$27.2M -$28.8M
Net income $74.7M $52.9M -$3.5M -$41.6M -$38.4M -$31.0M -$28.7M -$30.1M
EPS (diluted) $0.74 $0.52 $-0.04 $-0.49 $-0.45 $-0.40 $-0.38 $-0.40
EPS (basic) $0.84 $0.60 $-0.04 $-0.49 $-0.45 $-0.40 $-0.38 $-0.40
Operating margin $50 $46 $3 -$424 -$1.1K -$656 -$743 -$969

Balance sheet

Line item Jun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24
Total assets $521.9M $401.5M $327.9M $276.0M $257.4M $227.4M $230.3M $252.9M
Total liabilities $326.8M $293.0M $283.2M $253.9M $242.2M $177.7M $150.9M $142.4M
Stockholders' equity $195.1M $108.6M $44.7M $22.1M $15.2M $49.7M $79.4M $112.8M
Total current assets $437.7M $333.1M $273.4M $226.7M $195.6M $177.2M $185.1M $214.2M
Total current liabilities $189.3M $149.7M $135.8M $102.9M $78.4M $60.5M $41.8M $33.8M
Cash & equivalents $284.2M $222.8M $190.7M $157.5M $173.4M $169.8M $176.5M $204.4M

Cash flow

Line item Jun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24
Operating cash flow $80.2M $53.0M $44.2M -$9.8M -$39.5M -$30.7M -$20.8M -$25.1M
Investing cash flow -$12.2M -$2.8M -$4.0M -$911.0K -$1.1M -$330.0K -$4.8M -$1.7M
Financing cash flow -$6.6M -$18.1M -$7.0M -$5.2M $47.7M $24.3M -$2.3M $98.1M
Free cash flow $69.0M $50.2M $42.2M -$10.7M -$40.5M -$31.0M -$22.1M -$26.8M
Capital expenditures $11.2M $2.8M $2.0M $911.0K $1.1M $330.0K $1.3M $1.7M
Depreciation & amortization $400.0K $497.0K $320.0K $476.0K $281.0K $451.0K $518.0K $610.0K

Source: SEC EDGAR XBRL filings (10-Q/10-K), as originally tagged by the company. Quarterly cash flow is reconstructed by de-cumulating fiscal-year-to-date figures (how cash flow is tagged in 10-Qs); other quarterly lines are reported directly.

Institutional holders

SEC Form 13F filers holding LQDA as of the latest reported quarter. 13F only covers investment managers with $100M+ in assets — this is not a complete ownership picture, and does not include insiders (see Recent SEC filings below) or non-13F-eligible holders.

Source: Business Quant SEC Form 13F · report period 2026-06-30 · 31 filers

Held by These Filers69.5%
Shares Outstanding88,887,744
FilerSharesValue% OutQtr ChangeFiled
BlackRock, Inc. 10,788,586 $860.2M 12.14% +96.5% 2026-08-07
FARALLON CAPITAL MANAGEMENT, L.L.C. 8,365,038 $666.9M 9.41% -3.4% 2026-08-14
Caligan Partners LP 8,118,892 $647.3M 9.13% +0.0% 2026-08-14
FINDELL CAPITAL MANAGEMENT LLC 3,502,112 $279.2M 3.94% +0.0% 2026-08-14
VANGUARD CAPITAL MANAGEMENT LLC 3,139,183 $250.3M 3.53% +7.3% 2026-06-30
State Street Corp 3,030,395 $241.6M 3.41% +61.1% 2026-08-07
Opaleye Management Inc. 2,447,500 $195.1M 2.75% -3.8% 2026-08-14
GEODE CAPITAL MANAGEMENT, LLC 2,121,290 $169.2M 2.39% +10.0% 2026-08-12
Bank Of America Corp /De/ 1,991,566 $158.8M 2.24% -12.9% 2026-08-14
PRICE T ROWE ASSOCIATES INC /MD/ 1,940,364 $154.7K 2.18% +103.6% 2026-08-14
VANGUARD PORTFOLIO MANAGEMENT LLC 1,532,151 $122.2M 1.72% +142.2% 2026-06-30
Caprock Group, LLC 1,409,759 $112.4M 1.59% +3.1% 2026-07-27
MPM BioImpact LLC 1,386,174 $110.5M 1.56% -1.4% 2026-08-14
D. E. Shaw & Co., Inc. 1,267,706 $101.1M 1.43% +45.2% 2026-08-14
FULLER & THALER ASSET MANAGEMENT, INC. 1,209,604 $96.4M 1.36% +0.0% 2026-08-12
Goldman Sachs Group Inc 958,892 $76.5M 1.08% +18.1% 2026-08-14
Federated Hermes, Inc. 816,187 $65.1M 0.92% +86.0% 2026-08-12
Northern Trust Corp 709,063 $56.5M 0.80% +22.3% 2026-08-12
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 674,033 $53.7M 0.76% +21.0% 2026-08-14
Sixth Street Partners Management Company, L.P. 674,033 $53.7M 0.76% +0.0% 2026-08-13
Morgan Stanley 658,441 $52.5M 0.74% +91.0% 2026-08-11
BOOTHBAY FUND MANAGEMENT, LLC 622,716 $49.6M 0.70% -0.4% 2026-08-14
UBS Group AG 606,558 $48.4M 0.68% +192.7% 2026-08-13
FMR LLC 595,629 $47.5M 0.67% +2.3% 2026-08-13
AMERICAN CENTURY COMPANIES INC 542,131 $43.2M 0.61% +0.0% 2026-08-12

Insider activity

Directors, officers, and 10%+ owners' reported transactions from SEC Form 4. A filing reports a transaction; it does not by itself explain why it happened.

Source: SEC EDGAR Form 4 filings · checked 25 most recent filings · covers 2026-07-10 to 2026-10-12

Recent transactions

  • Insiders have net sold 932,797 shares over the last 182 days, across 0 purchases and 41 sales.
  • Most recent: Schundler Russell (General Counsel) — Open market sale of 13,692 shares on 2026-10-12.

Deterministic template sentences filled in from the SEC Form 4 figures in the tables below -- not an AI-written summary, no live model call.

Insider purchases & sales, last 6 months

Purchases (open market)0 sh(0 txns)
Sales (open market)932,797 sh(41 txns)
Net Shares-932,797

Counts only open-market purchases (code P) and sales (code S) — grants, option exercises, tax withholding, and gifts are excluded since they aren't a market buy/sell decision.

Insider roster

NameTitleMost Recent TransactionDateShares
Schundler RussellGeneral CounselOpen market sale2026-10-1213,692
Saggar RajeevChief Medical OfficerOpen market sale2026-10-129,218
Moomaw ScottChief Commercial OfficerOpen market sale2026-10-128,863
Krepp SarahChief Human Resource OfficerOpen market sale2026-10-125,245
Khindri SanjeevChief Development OfficerOpen market sale2026-10-121,101
Kaseta MichaelCFO and COOOpen market sale2026-10-1218,938
JEFFS ROGERChief Executive OfficerOpen market sale2026-10-1232,744
Boyle DanaChief Accounting OfficerOpen market sale2026-10-125,892
Adair JasonChief Business OfficerOpen market sale2026-10-127,301
Bloch Stephen MDirectorOpen market sale2026-10-05235,477
SINGH RAMANDirectorOption exercise2026-09-148,468
Rielly-Gauvin KatherineDirectorOption exercise2026-08-2011,727

Recent transactions

DateInsiderTitleTransactionSharesPrice
2026-10-12Schundler RussellGeneral CounselOpen market sale 13,692$28.48
2026-10-12Saggar RajeevChief Medical OfficerOpen market sale 9,218$28.48
2026-10-12Moomaw ScottChief Commercial OfficerOpen market sale 8,863$28.48
2026-10-12Krepp SarahChief Human Resource OfficerOpen market sale 5,245$28.48
2026-10-12Khindri SanjeevChief Development OfficerOpen market sale 1,101$28.48
2026-10-12Kaseta MichaelCFO and COOOpen market sale 18,938$28.48
2026-10-12JEFFS ROGERChief Executive OfficerOpen market sale 32,744$28.48
2026-10-12Boyle DanaChief Accounting OfficerOpen market sale 5,892$28.48
2026-10-12Adair JasonChief Business OfficerOpen market sale 7,301$28.48
2026-10-09Schundler RussellGeneral CounselOption exercise 3,758—
2026-10-09Schundler RussellGeneral CounselOption exercise 6,409—
2026-10-09Saggar RajeevChief Medical OfficerOption exercise 3,530—
2026-10-09Saggar RajeevChief Medical OfficerOption exercise 4,486—
2026-10-09Moomaw ScottChief Commercial OfficerOption exercise 3,108—
2026-10-09Moomaw ScottChief Commercial OfficerOption exercise 4,358—
2026-10-09Krepp SarahChief Human Resource OfficerOption exercise 3,178—
2026-10-09Kaseta MichaelCFO and COOOption exercise 5,828—
2026-10-09Kaseta MichaelCFO and COOOption exercise 7,049—
2026-10-09JEFFS ROGERChief Executive OfficerOption exercise 13,833—
2026-10-09JEFFS ROGERChief Executive OfficerOption exercise 14,333—
2026-10-09Boyle DanaChief Accounting OfficerOption exercise 3,178—
2026-10-09Adair JasonChief Business OfficerOption exercise 3,906—
2026-10-09Adair JasonChief Business OfficerOption exercise 2,474—
2026-10-09Adair JasonChief Business OfficerOption exercise 3,868—
2026-10-05Bloch Stephen MDirectorOpen market sale 235,477$27.13
2026-09-14SINGH RAMANDirectorOption exercise 8,468$9.31
2026-09-14SINGH RAMANDirectorOpen market sale 8,468$66.16
2026-09-11SINGH RAMANDirectorOption exercise 556$8.63
2026-09-11SINGH RAMANDirectorOption exercise 8,468$9.31
2026-09-11SINGH RAMANDirectorOpen market sale 9,024$68.62
2026-09-01Krepp SarahChief Human Resource OfficerOpen market sale 274$67.76
2026-08-21Adair JasonChief Business OfficerOption exercise 9,000$9.31
2026-08-21Adair JasonChief Business OfficerOption exercise 11,799$9.31
2026-08-21Adair JasonChief Business OfficerOption exercise 10,762$14.20
2026-08-21Adair JasonChief Business OfficerOption exercise 238$14.20
2026-08-21Adair JasonChief Business OfficerOpen market sale 31,799$69.09
2026-08-21Adair JasonChief Business OfficerOpen market sale 41,832$69.09
2026-08-20Rielly-Gauvin KatherineDirectorOption exercise 11,727$2.51
2026-08-20Rielly-Gauvin KatherineDirectorOption exercise 6,666$2.59
2026-08-20Rielly-Gauvin KatherineDirectorOpen market sale 18,393$72.23
2026-08-19Rielly-Gauvin KatherineDirectorOption exercise 23,455$2.51
2026-08-19Rielly-Gauvin KatherineDirectorOption exercise 13,334$2.59
2026-08-19Rielly-Gauvin KatherineDirectorOpen market sale 36,789$74.99
2026-08-19Saggar RajeevChief Medical OfficerOption exercise 50,000$3.73
2026-08-19Saggar RajeevChief Medical OfficerOpen market sale 50,000$74.06
2026-08-17Saggar RajeevChief Medical OfficerOpen market sale 29,534$76.84
2026-07-27Boyle DanaChief Accounting OfficerOpen market sale 1,600$87.53
2026-07-27Adair JasonChief Business OfficerOpen market sale 688$87.53
2026-07-23Bloch Stephen MDirectorOpen market sale 96,400$89.44
2026-07-23Bloch Stephen MDirectorOpen market sale 3,600$90.71
2026-07-22Bloch Stephen MDirectorOpen market sale 37,406$87.70
2026-07-22Bloch Stephen MDirectorOpen market sale 48,032$88.65
2026-07-22Bloch Stephen MDirectorOpen market sale 14,562$89.24
2026-07-21Bloch Stephen MDirectorOpen market sale 74,444$79.98
2026-07-21Bloch Stephen MDirectorOpen market sale 556$80.66
2026-07-20Bloch Stephen MDirectorOpen market sale 3,596$79.55
2026-07-13Krepp SarahChief Human Resource OfficerOpen market sale 558$71.39
2026-07-13Krepp SarahChief Human Resource OfficerOpen market sale 7,306$71.52
2026-07-13Khindri SanjeevChief Development OfficerOpen market sale 84$71.39
2026-07-13Khindri SanjeevChief Development OfficerOpen market sale 1,101$71.52

Showing the most recent 60 transactions.

Recent SEC filings

Official company reports and insider transaction filings. Form 4 reports a transaction; it does not by itself explain why it happened.

Source: SEC EDGAR submissions · updated 2026-10-14 21:29 UTC

FiledFormReport periodOfficial filing
2026-10-148-K2026-10-08 View on SEC.gov →
2026-10-1342026-10-09 View on SEC.gov →
2026-10-1342026-10-09 View on SEC.gov →
2026-10-1342026-10-09 View on SEC.gov →
2026-10-1342026-10-09 View on SEC.gov →
2026-10-1342026-10-12 View on SEC.gov →
2026-10-1342026-10-09 View on SEC.gov →
2026-10-1342026-10-09 View on SEC.gov →
2026-10-1342026-10-09 View on SEC.gov →
2026-10-1342026-10-09 View on SEC.gov →
2026-10-0742026-10-05 View on SEC.gov →
2026-09-308-K2026-09-30 View on SEC.gov →

Headlines about LQDA (Liquidia Corporation). Links open the publisher — we don’t host full articles.

SEC filings ↓

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