Operating Income (Annual)

Operating Income: The income after operating expenses.

Liquidia Corporation (LQDA) had Operating Income of $-51.38M for the most recently reported fiscal year, ending 2025-12-31.

Quarterly Annual

Figures for fiscal year ending 2025-12-31

Income Statement Financials
Revenue	$158.32M
Net Income	$-68.92M
Cost of Goods Sold	$13.24M
Gross Profit	$145.08M
Operating Expenses	$209.70M
Operating Income	$-51.38M
Non-Operating Income/Expense	$-17.55M
Pre-Tax Income	$-68.92M
Normalized Pre-Tax Income	$-68.92M
Income after Taxes	$-68.92M
Income from Continuous Operations	$-68.92M
Consolidated Net Income/Loss	$-68.92M
Normalized Income after Taxes	$-68.92M
EBIT	$-51.38M
EBITDA	$-49.85M
Weighted-Average Shares Outstanding (Basic)	86.06M
Weighted-Average Shares Outstanding (Diluted)	86.06M
Earnings per Share (EPS) (Basic)	$-0.80
Earnings per Share (EPS) (Diluted)	$-0.80
Balance Sheet Financials
Current Assets	$273.40M
Property, Plant, and Equipment	$11.84M
Long-Term Assets	$54.53M
Total Assets	$327.93M
Current Liabilities	$135.77M
Long-Term Debt	$132.94M
Long-Term Liabilities	$147.42M
Total Liabilities	$283.19M
Common Equity	$44.75M
Tangible Shareholders Equity	$37.89M
Shareholders Equity	$44.75M
Common Shares Outstanding	87.20M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$-35.69M
Cash Flow from Investing Activities	$-6.34M
Cash Flow from Financial Activities	$59.73M
Beginning Cash	$176.48M
End Cash	$194.18M
Increase/Decrease in Cash	$17.70M
Stock-Based Compensation	$29.47M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	2.01
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.75
Debt to Equity Ratio	4.29
Gross Margin	91.64%
Operating Margin	-32.45%
EBIT Margin	-32.45%
EBITDA Margin	-31.49%
Pre-Tax Profit Margin	-43.53%
Profit Margin	-43.53%
Free Cash Flow	$-40.02M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.48
Inventory Turnover	0.56
Receiveable Turnover	2.93
Days Sales in Receivables	124.71
Return on Equity	-154.03%
Return on Tangible Equity	-181.89%
Return on Assets	-21.02%
Return on Investments	-38.79%
Book Value Per Share	$0.51
Free Cash Flow per Share	$-0.47
Operating Cash Flow per Share	$-0.41

Data from Zacks Investment Research, Inc.