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Liquidia Technologies (LQDA)
NASDAQ:LQDA
US Market
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Liquidia Technologies (LQDA) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Aug 06, 2026
TBA (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
0.79
Last Year’s EPS
-0.49
Same Quarter Last Year
Based on 7 Analysts Ratings

Earnings Call Summary

Q1 2026
Earnings Call Date:May 11, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call conveyed strong commercial momentum: rapid revenue and profitability growth, expanding market share, growing prescription breadth and depth, and a well-funded clinical pipeline. Primary risks cited were legal uncertainty, the need for continued market education (especially in PH-ILD and community settings), dosing convenience considerations (addressable by L606), and timing of broader indication studies. Overall, positives substantially outweigh the challenges described.
Company Guidance
The company reiterated clear near‑term financial and commercial guidance: YUTREPIA is in its third full quarter on the market, has achieved ~4,500 unique prescriptions and ~3,750 patient starts as of April 30 from ~980 prescribers (physicians prescribing to ≥5 patients grew 25% to ~270), and has exceeded a $0.5 billion annualized net revenue run rate in under one year with a stated “clear line of sight” to at least $1.0 billion in net revenue in 2027; Q1 2026 net product sales were $129.9M (up 44% sequentially from $90.1M in Q4 2025), net income was ~$52.9M (vs. $14.6M in Q4), adjusted EBITDA was ~$71.2M (vs. $27.3M), cash and equivalents were $222.8M (up $32.1M), and this marks the third consecutive quarter of profitability while the company funds clinical programs (ASCENT cohort B recruiting; pivotal RESPIRE/L606 recruiting) and manufacturing expansion from operating cash flow.
Strong Sequential Revenue Growth
Net product sales of YUTREPIA were $129.9M in Q1 2026, up from $90.1M in Q4 2025, representing 44% sequential growth and contributing to an annualized net revenue run rate exceeding $0.5B within one year of launch.
Significant Profitability Improvement
Company reported net income of approximately $52.9M in Q1 2026 versus $14.6M in Q4 2025 (≈+262%), and non-GAAP adjusted EBITDA of ~$71.2M versus $27.3M (≈+161%), marking the third consecutive profitable quarter.
Cash and Balance Sheet Expansion
Cash and cash equivalents ended the quarter at ~$222.8M, an increase of $32.1M from year-end, supporting self-funded investment in manufacturing and clinical programs.
Rapid Market Share and Adoption Gains
Inhaled prostacyclin market share progressed from ~10% (Q3) to >16% (Q4) to almost 23% (Q1), while the overall inhaled market grew ~5% in Q4 and Q1 and Liquidia captured essentially all of that market growth.
Breadth and Depth of Prescriptions
Since launch: ~4,500 unique patient prescriptions, ~3,750 patients started on therapy, ~980 prescribing physicians; number of physicians prescribing YUTREPIA to ≥5 patients increased 25% to ~270 since end of February, indicating repeat adoption and deeper prescribing patterns.
Robust Clinical and Pipeline Progress
Recruitment started for ASCENT Cohort B (transitions from Tyvaso DPI), active screening for pivotal Phase III RESPIRE study of L606 (twice-daily treprostinil liposome), and plans to advance studies into IPF, PPF, PH-COPD and scleroderma-associated Raynaud's — all funded from operating cash flow.
Clear Commercial Strategy and Guidance
Management reiterated line of sight to at least $1B net revenue in 2027, continuing sales force expansion to penetrate community prescribers and build awareness of PH-ILD and other indications.

Liquidia Technologies (LQDA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

LQDA Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Aug 06, 2026
2026 (Q2)
0.79 / -
-0.49
May 11, 2026
2026 (Q1)
0.41 / 0.52
-0.45215.56% (+0.97)
Mar 05, 2026
2025 (Q4)
0.23 / 0.15
-0.45133.33% (+0.60)
Nov 03, 2025
2025 (Q3)
-0.39 / -0.04
-0.386.67% (+0.26)
Aug 12, 2025
2025 (Q2)
-0.43 / -0.49
-0.37-32.43% (-0.12)
May 08, 2025
2025 (Q1)
-0.41 / -0.45
-0.5416.67% (+0.09)
Mar 19, 2025
2024 (Q4)
-0.38 / -0.45
-0.43-4.65% (-0.02)
Nov 13, 2024
2024 (Q3)
-0.37 / -0.30
-0.24-25.00% (-0.06)
Aug 07, 2024
2024 (Q2)
-0.34 / -0.37
-0.36-2.78% (-0.01)
May 13, 2024
2024 (Q1)
-0.32 / -0.54
-0.18-200.00% (-0.36)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

LQDA Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 11, 2026
$42.30$53.13+25.60%
Mar 05, 2026
$34.38$34.52+0.41%
Nov 03, 2025
$24.36$25.22+3.53%
Aug 12, 2025
$21.20$24.10+13.68%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Liquidia Technologies (LQDA) report earnings?
Liquidia Technologies (LQDA) is schdueled to report earning on Aug 06, 2026, TBA (Confirmed).
    What is Liquidia Technologies (LQDA) earnings time?
    Liquidia Technologies (LQDA) earnings time is at Aug 06, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is LQDA EPS forecast?
          LQDA EPS forecast for the fiscal quarter 2026 (Q2) is 0.79.