# Liquidia (LQDA) — Earnings

LQDA · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/lqda/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.74 |
| EPS estimate | $0.76 |
| EPS surprise | −2.34% |
| Revenue surprise | +1.90% |
| Revenue | $171.7M |
| Revenue estimate | $168.5M |
| Reported | Aug 12, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1819576/000110465926094410/lqda-20260630x10q.htm) |

Liquidia reported Q2 2026 results on August 12, 2026. Earnings per share were $0.74, just short of the $0.76 estimate by 2.34%. Revenue was $171.7 million, above the $168.5 million consensus. A year earlier, in Q2 2025, the company posted a loss of $0.49 per share on revenue of $8.8 million.

The table shows a clear turn. From Q3 2021 through Q3 2025, every quarter was a loss, and quarterly revenue stayed below $10 million until Q3 2025, when it reached $54.3 million. Annual losses were $0.67 per share in 2022, $1.21 in 2023 and $1.66 in 2024, then narrowed to $0.83 in 2025 as revenue rose from $14.0 million to $158.2 million. Q4 2025 was the first profitable quarter shown, at $0.15, followed by $0.52 in Q1 2026 and $0.74 in Q2 2026. The first half of 2026 brought $304.6 million in revenue. Over the last 20 quarters, Liquidia beat the EPS estimate six times and missed 14.

Liquidia reported Q3 between November 3 and November 13 in each of the past five years. That points to early or mid-November 2026 for the next report, which will show whether quarterly revenue keeps growing.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 12, 2026 | $0.76 | $0.74 | -2.34% | $168.5M | $171.7M |
| Q1 2026 | May 11, 2026 | $0.41 | $0.52 | 26.77% | $119.4M | $132.9M |
| Q4 2025 | Mar 5, 2026 | $0.24 | $0.15 | -36.33% | $93.1M | $92.0M |
| Q3 2025 | Nov 3, 2025 | −$0.39 | −$0.04 | 89.73% | $18.9M | $54.3M |
| Q2 2025 | Aug 12, 2025 | −$0.43 | −$0.49 | -13.56% | $4.0M | $8.8M |
| Q1 2025 | May 8, 2025 | −$0.40 | −$0.45 | -11.14% | $3.3M | $3.1M |
| Q4 2024 | Mar 19, 2025 | −$0.37 | −$0.45 | -20.03% | $4.5M | $2.9M |
| Q3 2024 | Nov 13, 2024 | −$0.37 | −$0.30 | 19.72% | $4.2M | $4.4M |
| Q2 2024 | Aug 7, 2024 | −$0.34 | −$0.37 | -8.35% | $9.4M | $3.7M |
| Q1 2024 | May 13, 2024 | −$0.32 | −$0.54 | -66.92% | $4.5M | $3.0M |
| Q4 2023 | Mar 13, 2024 | −$0.24 | −$0.43 | -81.66% | $4.7M | $4.5M |
| Q3 2023 | Nov 7, 2023 | −$0.22 | −$0.24 | -11.58% | $4.3M | $3.7M |
| Q2 2023 | Aug 10, 2023 | −$0.16 | −$0.36 | -121.67% | $4.3M | $4.8M |
| Q1 2023 | May 4, 2023 | −$0.16 | −$0.18 | -10.50% | $3.9M | $4.5M |
| Q4 2022 | Mar 16, 2023 | −$0.16 | −$0.08 | 48.75% | $3.6M | $5.4M |
| Q3 2022 | Nov 8, 2022 | −$0.18 | −$0.14 | 20.18% | $3.8M | $3.2M |
| Q2 2022 | Aug 11, 2022 | −$0.24 | −$0.15 | 36.82% | $3.6M | $3.9M |
| Q1 2022 | May 12, 2022 | −$0.21 | −$0.30 | -44.58% | $3.3M | $3.5M |
| Q4 2021 | Mar 17, 2022 | −$0.12 | −$0.22 | -79.59% | $3.0M | $3.2M |
| Q3 2021 | Nov 3, 2021 | −$0.12 | −$0.14 | -16.67% | $2.7M | $3.2M |

## Frequently Asked Questions

### When did Liquidia (LQDA) last report earnings?

Liquidia last reported on Aug 12, 2026, covering fiscal Q2 2026.

### Did LQDA beat earnings estimates?

No. Liquidia reported EPS of $0.74 for Q2 2026 against a $0.76 estimate — a 2.34% miss.

### How much revenue did LQDA report last quarter?

Liquidia reported $171.7M in revenue for Q2 2026, against a consensus estimate of $168.5M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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