Liquidia Corporation (LQDA) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 333.06M | 190.68M | 226.72M | 195.58M | 177.21M | 185.1M | 214.21M | 147.26M | 167.94M | 89.9M | 82.98M | 92.89M | 99.69M | 99.81M | 103.06M | 108.5M | 61.95M | 61.28M | 67.48M | 71.32M |
| Cash & Short-Term Investments | 222.79M | 190.68M | 157.5M | 173.42M | 169.76M | 176.48M | 204.37M | 133.09M | 157.86M | 83.68M | 76.22M | 88.2M | 94.41M | 93.28M | 98.32M | 103.84M | 57.79M | 57.49M | 64.05M | 67.89M |
| Cash Only | 222.79M | 190.68M | 157.5M | 173.42M | 169.76M | 176.48M | 204.37M | 133.09M | 157.86M | 83.68M | 76.22M | 88.2M | 94.41M | 93.28M | 98.32M | 103.84M | 57.79M | 57.49M | 64.05M | 67.89M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 74.16M | 54.09M | 35.96M | 9.97M | 1.25M | 2.72M | 4.2M | 3.25M | 2.57M | 4.06M | 3.34M | 4.09M | 4.13M | 5.02M | 3.14M | 3.75M | 3.29M | 2.99M | 3.05M | 2.99M |
| Days Sales Outstanding | 43.44 | 45.02 | 38.88 | 57.74 | 57.2 | 109.14 | 77.06 | 72.36 | 101.52 | 75.12 | 92.96 | 78.2 | 91.62 | 69.97 | 100.12 | 81.76 | 80.89 | 86.43 | 87.43 | 48.78 |
| Inventory | 28.51M | 0 | 24.53M | 6.44M | 1.35M | 241K | 38K | 7.21M | 3.52M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 211.17 | - | 449.1 | 274.44 | 47.17 | 9.48 | 213.1 | 326.97 | 182.26 | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 7.61M | -54.09M | 8.73M | 5.75M | 4.85M | 5.67M | 5.6M | 3.71M | 3.99M | 0 | 3.42M | 601K | 1.15M | 1.51M | 0 | 0 | 0 | -381 | 0 | 0 |
| Total Non-Current Assets | 68.48M | 137.25M | 49.26M | 61.83M | 50.22M | 45.21M | 38.67M | 30.1M | 29.18M | 28.43M | 28.66M | 28.7M | 29.23M | 29.39M | 29.51M | 30.58M | 31.57M | 32.45M | 32.82M | 33.06M |
| Property, Plant & Equipment | 25.2M | 0 | 14.72M | 13.62M | 12.62M | 12.48M | 9.15M | 7.86M | 7.17M | 6.18M | 6.21M | 6.08M | 6.36M | 6.25M | 6.13M | 6.49M | 6.96M | 7.43M | 7.93M | 8.42M |
| Fixed Asset Turnover | 5.27x | - | 3.84x | 0.67x | 0.25x | 0.27x | 0.52x | 0.49x | 0.45x | 0.73x | 0.60x | 0.77x | 0.71x | 0.87x | 0.50x | 0.58x | 0.49x | 0.42x | 0.39x | 0.39x |
| Goodwill | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M |
| Intangible Assets | 2.89M | 2.95M | 2.99M | 3.05M | 3.11M | 3.16M | 3.22M | 3.3M | 3.38M | 3.43M | 3.49M | 3.55M | 3.64M | 3.73M | 3.81M | 4.04M | 4.22M | 4.39M | 4.52M | 4.85M |
| Long-Term Investments | 3.5M | 3.5M | 3.5M | 3.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 32.12M | 126.89M | 24.15M | 37.75M | 30.6M | 25.66M | 22.4M | 15.04M | 14.73M | 14.92M | 15.05M | 15.16M | 15.33M | 15.51M | 15.67M | 16.15M | 16.49M | 16.73M | 16.47M | 15.88M |
| Total Assets | 401.53M | 327.93M | 275.98M | 257.41M | 227.43M | 230.31M | 252.89M | 177.36M | 197.12M | 118.33M | 111.64M | 121.6M | 128.92M | 129.2M | 132.57M | 139.08M | 93.53M | 93.73M | 100.3M | 104.38M |
| Asset Turnover | 0.36x | 0.30x | 0.20x | 0.04x | 0.01x | 0.01x | 0.02x | 0.02x | 0.02x | 0.04x | 0.03x | 0.04x | 0.03x | 0.04x | 0.02x | 0.03x | 0.04x | 0.03x | 0.03x | 0.04x |
| Asset Growth % | 76.55% | 42.39% | 9.13% | 45.13% | 15.38% | 94.63% | 126.52% | 45.86% | 52.9% | -8.41% | -15.79% | -12.57% | 37.85% | 37.84% | 32.17% | 33.24% | 5.74% | -5.83% | 10.08% | 194.58% |
| Total Current Liabilities | 149.74M | 135.77M | 102.94M | 78.41M | 60.52M | 41.78M | 33.84M | 24.22M | 21.93M | 18.55M | 12.16M | 19.5M | 6.82M | 8.8M | 7.46M | 6.84M | 7.98M | 7.33M | 7.06M | 6.97M |
| Accounts Payable | 10.98M | 3.68M | 6.02M | 11.35M | 8.68M | 4.69M | 2.3M | 5.74M | 2.49M | 1.4M | 1.81M | 1.92M | 841K | 2.2M | 1.14M | 1.41M | 1.67M | 1.07M | 1.61M | 2.55M |
| Days Payables Outstanding | 54.3 | 63.23 | 251.75 | 705.07 | 396.43 | 237.37 | 236.29 | 250.84 | 100.69 | 148.61 | 301.02 | 187.09 | 209.04 | 221.18 | 158.64 | 191.59 | 177.41 | 169.77 | 214.79 | 353.71 |
| Short-Term Debt | 51.03M | 58.89M | 56.48M | 44.14M | 37.63M | 18.02M | 0 | 0 | 0 | 2.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 77.85M | 52.88M | 31.27M | 5.76M | 0 | 10.25M | 8.49M | 6.6M | 4.71M | 0 | 3.01M | 2.19M | 1.05M | 2.86M | 2.2M | 0 | 845K | 3.16M | 0 | 0 |
| Current Ratio | 2.22x | 1.40x | 2.20x | 2.49x | 2.93x | 4.43x | 6.33x | 6.08x | 7.66x | 4.85x | 6.83x | 4.76x | 14.62x | 11.34x | 13.81x | 15.87x | 7.77x | 8.36x | 9.55x | 10.23x |
| Quick Ratio | 2.03x | 1.40x | 1.96x | 2.41x | 2.91x | 4.42x | 6.33x | 5.78x | 7.50x | 4.85x | 6.83x | 4.76x | 14.62x | 11.34x | 13.81x | 15.87x | 7.77x | 8.36x | 9.55x | 10.23x |
| Cash Conversion Cycle | 200.31 | - | 236.23 | -372.89 | -292.06 | -118.75 | 53.87 | 148.49 | 183.09 | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 143.21M | 147.42M | 150.99M | 163.81M | 117.2M | 111.26M | 108.53M | 90.42M | 88.93M | 52.49M | 51.48M | 41.45M | 40.46M | 29.98M | 30.07M | 30.14M | 30.16M | 21.14M | 20.27M | 18.39M |
| Long-Term Debt | 127.64M | 132.94M | 136.45M | 149.47M | 103.18M | 97.37M | 0 | 0 | 0 | 43.42M | 0 | 0 | 0 | 19.88M | 19.74M | 19.61M | 19.48M | 10.41M | 10.33M | 10.25M |
| Capital Lease Obligations | 6.15M | 6.1M | 6.26M | 6.37M | 6.48M | 6.59M | 1.44M | 1.73M | 2.02M | 2.36M | 2.66M | 2.95M | 3.23M | 3.5M | 3.77M | 4.02M | 4.26M | 4.58M | 4.86M | 5.13M |
| Deferred Tax Liabilities | 873K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 8.55M | 8.38M | 8.28M | 7.97M | 7.54M | 7.3M | 107.09M | 88.69M | 86.92M | 6.71M | 48.81M | 38.49M | 37.23M | 6.59M | 6.56M | 6.51M | 6.42M | 6.14M | 5.07M | 3M |
| Total Liabilities | 292.95M | 283.19M | 253.93M | 242.22M | 177.72M | 153.04M | 142.37M | 114.64M | 110.86M | 71.04M | 63.63M | 60.94M | 47.28M | 38.78M | 37.53M | 36.98M | 38.14M | 28.46M | 27.34M | 25.36M |
| Total Debt | 184.82M | 197.93M | 199.18M | 200.38M | 147.66M | 122.39M | 2.69M | 2.95M | 3.23M | 49.54M | 3.77M | 4.02M | 4.26M | 24.46M | 24.61M | 24.74M | 24.88M | 16.08M | 16.27M | 16.44M |
| Net Debt | -37.96M | 7.25M | 41.69M | 26.96M | -22.09M | -54.09M | -201.68M | -130.14M | -154.63M | -34.14M | -72.46M | -84.18M | -90.15M | -68.82M | -73.71M | -79.1M | -32.91M | -41.41M | -47.79M | -51.45M |
| Debt / Equity | 1.70x | 4.42x | 9.03x | 13.19x | 2.97x | 1.58x | 0.02x | 0.05x | 0.04x | 1.05x | 0.08x | 0.07x | 0.05x | 0.27x | 0.26x | 0.24x | 0.45x | 0.25x | 0.22x | 0.21x |
| Debt / EBITDA | 2.98x | 9.84x | 88.80x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.61x | 0.36x | 18.58x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | 9.47x | 3.11x | 0.49x | -6.35x | -7.22x | -7.79x | -6.73x | -9.75x | -15.22x | -12.99x | -7.97x | -15.49x | -9.45x | -8.36x | -13.66x | -16.43x | -32.35x | -55.52x | -34.52x | -31.28x |
| Total Equity | 108.58M | 44.75M | 22.05M | 15.19M | 49.71M | 77.28M | 110.52M | 62.72M | 86.26M | 47.29M | 48.01M | 60.66M | 81.64M | 90.42M | 95.03M | 102.11M | 55.39M | 65.27M | 72.96M | 79.02M |
| Equity Growth % | 118.41% | -42.09% | -80.05% | -75.79% | -42.37% | 63.4% | 130.22% | 3.4% | 5.66% | -47.7% | -49.49% | -40.59% | 47.4% | 38.55% | 30.25% | 29.22% | -11.95% | -8.19% | 11.77% | 790.92% |
| Book Value per Share | 1.07 | 0.45 | 0.26 | 0.18 | 0.58 | 0.91 | 1.41 | 0.82 | 1.14 | 0.72 | 0.74 | 0.94 | 1.26 | 1.44 | 1.47 | 1.64 | 1.06 | 1.28 | 1.40 | 1.55 |
| Total Shareholders' Equity | 108.58M | 44.75M | 22.05M | 15.19M | 49.71M | 77.28M | 110.52M | 62.72M | 86.26M | 47.29M | 48.01M | 60.66M | 81.64M | 90.42M | 95.03M | 102.11M | 55.39M | 65.27M | 72.96M | 79.02M |
| Common Stock | 88K | 87K | 87K | 85K | 85K | 85K | 85K | 76K | 76K | 69K | 65K | 65K | 65K | 64K | 64K | 64K | 53K | 52K | 51.98K | 51.98K |
| Retained Earnings | -573.45M | -626.31M | -640.87M | -637.34M | -595.76M | -559.49M | -521.12M | -497.97M | -470.03M | -429.1M | -401.65M | -385.86M | -362.34M | -350.6M | -344.06M | -334.97M | -325.52M | -309.58M | -298.02M | -290.74M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |