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Liquidia Corp

LQDA · Pharmaceutical Preparations · 88.9M shares · +18%/yr ↑ dilution · EDGAR filings ↗

Reference price $75.54 · est. market cap ~$6.7B — last insider sale, 2026-06-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

D44

Clinical/early-stage biotech — commercial-launch pulmonary biopharma (Yutrepia), heavy burn, funded.

Strengths

Risks

Notable findings

Quarterly revenue

2025-06-30 · $9M2025-09-30 · $54M2025-12-31 · $92M2026-03-31 · $133M

Last 4 quarters · from SEC filings.

Key metrics

Operating margin
-32.5%
Net margin
-43.5%
Return on equity
-154.0%
Return on assets
-21.0%
Revenue growth (QoQ)
44.4%
Current ratio
2.0×
Free cash flow
-$40M
EBITDA
-$50M
Tangible book value
$38M
Cash & investments
$191M
Cash runway
19q
Stock comp / revenue
18.6%

Insider transactions · last 18 months

DateInsiderTypeSharesPrice
2026-06-22Bloch Stephen MSell70K$75.54
2026-06-22Bloch Stephen MSell30K$76.18
2026-06-16Manning Paul BGrant5.9K
2026-06-16deGoa DamianGrant5.9K
2026-06-16Horobin JoannaGrant5.9K
2026-06-16KIRSCH ARTHUR SGrant5.9K
2026-06-16Rielly-Gauvin KatherineGrant5.9K
2026-06-16JOHNSON DAVID EDWARDGrant5.9K
2026-06-16SINGH RAMANGrant5.9K
2026-06-16Bloch Stephen MGrant5.9K
2026-06-15Bloch Stephen MSell83K$71.42
2026-06-15Bloch Stephen MSell2.3K$72.08
2026-06-12Bloch Stephen MSell98K$71.37
2026-06-12Bloch Stephen MSell13K$72.15
2026-06-11Bloch Stephen MSell85K$69.87
2026-06-11Bloch Stephen MSell92K$71.74
2026-06-11Bloch Stephen MSell686$72.41
2026-06-11Krepp SarahSell5.7K$70.28
2026-06-11Krepp SarahSell19K$70.28
2026-06-11Bloch Stephen MSell1.5K$66.40
2026-06-11Bloch Stephen MSell17K$67.90
2026-06-11Bloch Stephen MSell25K$68.91
2026-06-11Bloch Stephen MSell20K$71.07
2026-06-10Bloch Stephen MSell14K$64.48
2026-06-10Bloch Stephen MSell103K$65.54
2026-06-10Bloch Stephen MSell28K$66.30
2026-06-09Bloch Stephen MSell64K$64.27
2026-06-09Bloch Stephen MSell8.0K$65.24
2026-06-08Khindri SanjeevSell4.1K$65.46
2026-06-08Bloch Stephen MSell106K$64.49
2026-06-08Bloch Stephen MSell39K$65.38
2026-06-08Bloch Stephen MSell2.8K$66.19
2026-06-05Bloch Stephen MSell2.1K$64.14
2026-06-04Manning Paul BSell88K$64.28
2026-06-04Manning Paul BSell19K$62.62
2026-06-04Manning Paul BSell68K$63.83
2026-06-04Manning Paul BSell13K$64.42
2026-06-04Bloch Stephen MSell46K$64.47
2026-06-04Bloch Stephen MSell35K$65.58
2026-06-04Bloch Stephen MSell1.4K$66.08
2026-06-04Manning Paul BSell12K$63.13
2026-06-03KIRSCH ARTHUR SSell10K$54.80
2026-06-02KIRSCH ARTHUR SSell5.0K$56.00
2026-06-01Krepp SarahSell276$60.87
2026-06-01KIRSCH ARTHUR SSell15K$60.22
2026-05-27JEFFS ROGERSell6.4K$62.18
2026-05-26JEFFS ROGERSell25K$60.38
2026-05-22JEFFS ROGERSell25K$61.52
2026-05-21SINGH RAMANSell29K$60.13
2026-05-21JEFFS ROGERSell25K$61.13
2026-05-21SINGH RAMANOption exercise19K$8.63
2026-05-21SINGH RAMANOption exercise10K$11.00
2026-05-20JEFFS ROGERSell25K$61.30
2026-05-19JEFFS ROGERSell25K$58.65
2026-05-19Caligan Partners LPSell5.3K$59.98
2026-05-19Caligan Partners LPBuy5.3K$59.98
2026-05-18JEFFS ROGERSell25K$56.77
2026-05-15JEFFS ROGERSell25K$57.04
2026-05-14JEFFS ROGERSell25K$58.62
2026-05-13JEFFS ROGERSell25K$56.29
2026-05-12JEFFS ROGERSell25K$54.04
2026-05-11Bloch Stephen MSell115K$49.45
2026-05-11Bloch Stephen MSell28K$50.10
2026-05-11Bloch Stephen MSell10K$51.31
2026-05-11Bloch Stephen MSell75K$52.38
2026-05-11Bloch Stephen MSell14K$53.25
2026-05-11JEFFS ROGERSell25K$41.50
2026-05-11Bloch Stephen MSell76K$48.61
2026-05-08JEFFS ROGERSell25K$42.14
2026-05-07JEFFS ROGERSell25K$42.09
2026-05-06JEFFS ROGERSell25K$40.78
2026-05-05JEFFS ROGERSell25K$40.10
2026-04-27Adair JasonSell688$41.65
2026-04-27Boyle DanaSell1.6K$37.78
2026-04-17JEFFS ROGERSell19K$40.60
2026-04-16JEFFS ROGERSell25K$40.31
2026-04-15Kaseta MichaelSell9.0K$40.14
2026-04-15Kaseta MichaelOption exercise87K$2.79
2026-04-15JEFFS ROGERSell25K$40.14
2026-04-15Kaseta MichaelSell43K$40.14
2026-04-15Kaseta MichaelSell87K$40.14
2026-04-14Kaseta MichaelOption exercise3.0K$2.79
2026-04-14JEFFS ROGERSell3.3K$40.00
2026-04-14Kaseta MichaelSell3.0K$40.00
2026-04-13Moomaw ScottSell1.7K$38.20
2026-04-13Saggar RajeevSell9.2K$38.37
2026-04-13Boyle DanaSell5.1K$38.37
2026-04-13Kaseta MichaelSell19K$38.37
2026-04-13Schundler RussellSell14K$38.37
2026-04-13Moomaw ScottSell8.9K$38.37
2026-04-13Krepp SarahSell4.6K$38.37
2026-04-13JEFFS ROGERSell33K$38.37
2026-04-13Adair JasonSell7.3K$38.37
2026-04-10Kaseta MichaelOption exercise7.0K
2026-04-10Krepp SarahOption exercise3.2K
2026-04-10Saggar RajeevOption exercise3.5K
2026-04-10Saggar RajeevOption exercise4.5K
2026-04-10Schundler RussellOption exercise3.8K
2026-04-10Schundler RussellOption exercise6.4K
2026-04-10JEFFS ROGEROption exercise14K
2026-04-10JEFFS ROGEROption exercise14K
2026-04-10JEFFS ROGERSell21K$40.12
2026-04-10Moomaw ScottOption exercise3.1K
2026-04-10Moomaw ScottOption exercise4.4K
2026-04-10Adair JasonOption exercise3.9K
2026-04-10Adair JasonOption exercise2.5K
2026-04-10Adair JasonOption exercise3.9K
2026-04-10Boyle DanaOption exercise3.2K
2026-04-10Kaseta MichaelOption exercise24K$2.79
2026-04-10Kaseta MichaelSell24K$40.14
2026-04-10Kaseta MichaelOption exercise5.8K
2026-04-09JEFFS ROGERSell25K$40.12
2026-04-09Kaseta MichaelOption exercise19K$2.79
2026-04-09Kaseta MichaelOption exercise87K$2.79
2026-04-09Kaseta MichaelOption exercise18K$2.97
2026-04-09Kaseta MichaelOption exercise728$2.54
2026-04-09Kaseta MichaelOption exercise9.3K$2.54
2026-04-09Kaseta MichaelSell134K$40.24
2026-03-27Bloch Stephen MSell30K$36.38
2026-03-27Bloch Stephen MSell30K$35.42
2026-03-27Bloch Stephen MSell2.0K$37.13
2026-03-26Bloch Stephen MSell7.7K$37.22
2026-03-23Moomaw ScottSell1.3K$36.48
2026-03-23Moomaw ScottSell17K$36.81
2026-03-23Moomaw ScottOption exercise17K$3.40
2026-03-13Saggar RajeevSell35K$36.30
2026-03-13Krepp SarahSell16K$38.00
2026-03-13SINGH RAMANOption exercise20K$4.86
2026-03-13SINGH RAMANSell20K$36.04
2026-03-09Moomaw ScottOption exercise15K$2.97
2026-03-09Moomaw ScottOption exercise10K$2.54
2026-03-09Moomaw ScottOption exercise55K$3.40
2026-03-09Moomaw ScottSell80K$35.32
2026-03-02Kaseta MichaelSell1.2K$30.58
2026-03-02Schundler RussellSell1.1K$30.58
2026-03-02Adair JasonSell689$30.58
2026-03-02Moomaw ScottSell827$30.58
2026-03-02Krepp SarahSell276$30.58
2026-03-02Boyle DanaSell445$30.58
2026-02-27Kaseta MichaelOption exercise2.3K
2026-02-27Schundler RussellOption exercise2.3K
2026-02-27Moomaw ScottOption exercise1.9K
2026-02-27Adair JasonOption exercise1.6K
2026-02-11Manning Paul BOther55K$42.63
2026-02-11Manning Paul BOther55K$42.63
2026-01-26Boyle DanaSell1.6K$41.65
2026-01-26Adair JasonSell688$41.65
2026-01-16Adair JasonGrant28K
2026-01-16Boyle DanaGrant24K
2026-01-16JEFFS ROGERGrant115K
2026-01-16Kaseta MichaelGrant59K
2026-01-16Khindri SanjeevGrant34K
2026-01-16Krepp SarahGrant24K
2026-01-16Moomaw ScottGrant33K
2026-01-16Saggar RajeevGrant33K
2026-01-16Schundler RussellGrant33K
2026-01-12Moomaw ScottSell21K$37.43
2026-01-12Krepp SarahSell13K$37.43
2026-01-12Kaseta MichaelSell37K$37.43
2026-01-12Adair JasonSell14K$37.43
2026-01-12Schundler RussellSell27K$37.43
2026-01-12JEFFS ROGERSell67K$37.43
2026-01-12Boyle DanaSell11K$37.43
2026-01-12Saggar RajeevSell21K$37.43
2026-01-09Kaseta MichaelOption exercise28K
2026-01-09Moomaw ScottOption exercise17K
2026-01-09Saggar RajeevOption exercise3.5K
2026-01-09Saggar RajeevOption exercise18K
2026-01-09Moomaw ScottOption exercise3.1K
2026-01-09Adair JasonOption exercise2.5K
2026-01-09Schundler RussellOption exercise26K
2026-01-09Adair JasonOption exercise15K
2026-01-09JEFFS ROGEROption exercise14K
2026-01-09Kaseta MichaelOption exercise5.8K
2026-01-09Schundler RussellOption exercise3.8K
2026-01-09Adair JasonOption exercise3.9K
2026-01-09JEFFS ROGEROption exercise57K
2026-01-09Krepp SarahOption exercise13K
2026-01-09Boyle DanaOption exercise13K
2025-12-01Adair JasonSell693$32.19
2025-12-01Kaseta MichaelSell1.2K$32.19
2025-12-01Moomaw ScottSell831$32.19
2025-12-01Schundler RussellSell1.1K$32.19
2025-12-01Krepp SarahSell221$32.19
2025-12-01Boyle DanaSell303$32.19
2025-11-28Schundler RussellOption exercise2.3K
2025-11-28Kaseta MichaelOption exercise2.3K
2025-11-28Adair JasonOption exercise1.6K
2025-11-28Moomaw ScottOption exercise1.9K
2025-11-18Adair JasonOption exercise35K$5.89
2025-11-18Adair JasonOption exercise365$5.89
2025-11-18Adair JasonSell36K$30.03
2025-11-07Boyle DanaSell8.3K$25.16
2025-11-07Boyle DanaSell21K$25.06
2025-11-05Saggar RajeevSell66K$27.00
2025-11-05Saggar RajeevSell4.9K$27.00
2025-10-27Adair JasonSell692$22.93
2025-10-27Boyle DanaSell1.1K$22.93
2025-10-13Boyle DanaSell1.2K$23.41
2025-10-13Schundler RussellSell7.8K$23.41
2025-10-13Krepp SarahSell1.7K$23.41
2025-10-13Kaseta MichaelSell12K$23.41
2025-10-13Adair JasonSell3.7K$23.41
2025-10-13Moomaw ScottSell4.9K$23.41
2025-10-13JEFFS ROGERSell20K$23.41
2025-10-13Saggar RajeevSell5.3K$23.41
2025-10-10JEFFS ROGEROption exercise14K
2025-10-10Schundler RussellOption exercise3.8K
2025-10-10Kaseta MichaelOption exercise5.8K
2025-10-10Moomaw ScottOption exercise3.1K
2025-10-10Saggar RajeevOption exercise3.5K
2025-10-10Adair JasonOption exercise3.9K
2025-10-10Adair JasonOption exercise2.5K
2025-09-15SINGH RAMANOption exercise26K$2.51
2025-09-15SINGH RAMANOption exercise20K$2.59
2025-09-15SINGH RAMANSell46K$25.81
2025-09-03SINGH RAMANSell7.5K$29.42
2025-09-02Kaseta MichaelSell1.1K$29.05
2025-09-02Schundler RussellSell1.1K$29.05
2025-09-02Adair JasonSell451$29.05
2025-09-02Moomaw ScottSell8.3K$28.62
2025-09-02Manning Paul BSell254K$28.67
2025-09-02Manning Paul BSell74K$29.14
2025-09-02Moomaw ScottSell692$29.05
2025-09-02Moomaw ScottSell62K$28.62
2025-08-29Adair JasonOption exercise1.6K
2025-08-29Schundler RussellOption exercise2.3K
2025-08-29Moomaw ScottOption exercise1.9K
2025-08-29Krepp SarahSell209$29.05
2025-08-29Kaseta MichaelOption exercise2.3K
2025-08-29Boyle DanaSell296$29.05
2025-08-29Manning Paul BSell188K$27.62
2025-08-28Saggar RajeevSell20K$27.85
2025-08-28Manning Paul BSell154K$27.94
2025-08-28Adair JasonSell26K$27.86
2025-08-19Horobin JoannaSell5.0K$27.17
2025-08-15Kaseta MichaelSell20K$26.18
2025-08-05Kaseta MichaelSell30K$20.00
2025-07-28Boyle DanaSell1.1K$19.54
2025-07-28Adair JasonSell454$19.54
2025-07-21Saggar RajeevSell2.5K$14.54
2025-07-14JEFFS ROGERSell20K$14.28
2025-07-14Kaseta MichaelSell12K$14.28
2025-07-14Adair JasonSell2.6K$14.28
2025-07-14Schundler RussellSell7.8K$14.28
2025-07-14Boyle DanaSell1.2K$14.28
2025-07-14Saggar RajeevSell5.3K$14.28
2025-07-14JEFFS ROGERSell20K$14.28
2025-07-14Moomaw ScottSell4.8K$14.28
2025-07-14Krepp SarahSell2.7K$14.28
2025-07-11Schundler RussellOption exercise3.8K
2025-07-11Adair JasonOption exercise3.9K
2025-07-11Saggar RajeevOption exercise3.5K
2025-07-11Moomaw ScottOption exercise3.1K
2025-07-11Kaseta MichaelOption exercise5.8K
2025-07-11JEFFS ROGEROption exercise14K
2025-07-11JEFFS ROGEROption exercise14K
2025-07-11Adair JasonOption exercise2.5K
2025-07-01Krepp SarahGrant25K
2025-07-01Boyle DanaGrant25K
2025-06-17SINGH RAMANGrant18K
2025-06-17Rielly-Gauvin KatherineGrant18K
2025-06-17Manning Paul BGrant18K
2025-06-17Kirsch Arthur SGrant18K
2025-06-17Horobin JoannaGrant18K
2025-06-17deGoa DamianGrant18K
2025-06-17Bloch Stephen MGrant18K
2025-06-17JOHNSON DAVID EDWARDGrant18K
2025-06-04Moomaw ScottSell6.7K$16.97
2025-06-04Schundler RussellSell8.5K$16.97
2025-06-04Saggar RajeevSell7.6K$16.97
2025-06-04Kaseta MichaelSell15K$16.97
2025-06-04JEFFS ROGERSell31K$16.97
2025-06-04Adair JasonSell3.6K$16.97
2025-06-03Kaseta MichaelOption exercise29K
2025-06-03JEFFS ROGEROption exercise69K
2025-06-03Adair JasonOption exercise12K
2025-06-03Saggar RajeevOption exercise18K
2025-06-03Moomaw ScottOption exercise16K
2025-06-03Schundler RussellOption exercise19K
2025-06-02Schundler RussellSell923$16.74
2025-06-02Moomaw ScottSell581$16.74
2025-06-02Adair JasonSell451$16.74
2025-06-02Kaseta MichaelSell859$16.74
2025-05-30Schundler RussellOption exercise2.3K
2025-05-30Moomaw ScottOption exercise1.9K
2025-05-30Adair JasonOption exercise1.6K
2025-05-30Kaseta MichaelOption exercise2.3K
2025-04-28Adair JasonSell455$14.24
2025-04-21Saggar RajeevSell2.5K$13.67
2025-04-15Moomaw ScottSell3.4K$13.57
2025-04-14JEFFS ROGERSell14K$13.57
2025-04-14Schundler RussellSell6.0K$13.57
2025-04-14Saggar RajeevSell3.7K$13.57
2025-04-14Kaseta MichaelSell8.3K$13.57
2025-04-14Adair JasonSell1.9K$13.57
2025-04-11Adair JasonOption exercise3.9K
2025-03-03Adair JasonSell451$15.45
2025-03-03Schundler RussellSell930$15.45
2025-03-03Moomaw ScottSell592$15.45
2025-03-03Kaseta MichaelSell874$15.45
2025-02-28Kaseta MichaelOption exercise2.3K
2025-02-28Schundler RussellOption exercise2.3K
2025-02-28Moomaw ScottOption exercise1.9K
2025-02-28Adair JasonOption exercise1.6K
2025-01-27Adair JasonSell445$14.20
2025-01-21Saggar RajeevSell2.4K$13.00
2025-01-14Schundler RussellSell16K$11.78
2025-01-14Kaseta MichaelSell23K$11.78
2025-01-14Saggar RajeevSell6.2K$11.78
2025-01-14Moomaw ScottSell8.4K$11.78
2025-01-14JEFFS ROGERSell22K$11.78
2025-01-14Adair JasonSell4.8K$11.78
2025-01-11Kaseta MichaelGrant113K
2025-01-11Adair JasonGrant62K
2025-01-11JEFFS ROGERGrant229K
2025-01-11Saggar RajeevGrant72K
2025-01-11Schundler RussellGrant103K
2025-01-11Moomaw ScottGrant70K
2025-01-11Adair JasonOption exercise3.9K

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

DateItems
2026-06-17Shareholder voteExhibitsfiling ↗
2026-06-08OtherExhibitsfiling ↗
2026-05-11ResultsOtherExhibitsfiling ↗
2026-03-05ResultsExhibitsfiling ↗
2026-01-09Reg FDExhibitsfiling ↗
2025-11-03ResultsExhibitsfiling ↗
2025-10-30Material agreementExhibitsfiling ↗
2025-08-12ResultsExhibitsfiling ↗

Recent filings

FormFiledPeriodAccession
8-K2026-06-172026-06-160001104659-26-075177 ↗
8-K2026-06-082026-06-080001104659-26-071407 ↗
10-Q2026-05-112026-03-310001104659-26-058252 ↗
8-K2026-05-112026-05-110001104659-26-058234 ↗
10-K2026-03-052025-12-310001104659-26-023804 ↗
8-K2026-03-052026-03-050001104659-26-023794 ↗
8-K2026-01-092026-01-090001104659-26-002306 ↗
10-Q2025-11-032025-09-300001104659-25-105215 ↗
8-K2025-11-032025-11-030001104659-25-105199 ↗
8-K2025-10-302025-10-270001104659-25-104000 ↗
8-K2025-08-122025-08-120001104659-25-076412 ↗
10-Q2025-08-122025-06-300001558370-25-011139 ↗