Filing Flows › Liquidia (LQDA) › Q4 2024
Liquidia (LQDA) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 19, 2025
Liquidia (LQDA) reported revenue of $2.9M for the fourth quarter 2024 (Q4 2024), -36% from a year earlier and -34% from the quarter before.
Liquidia, Q4 2024: revenue $2.9M (-36% year over year), net loss $38.5M, operating cash flow −$20.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9M | -34% | -36% |
| Operating profit | −$36.1M | — | — |
| Net earnings | −$38.5M | — | — |
| Operating cash flow | −$20.8M | — | — |
What changed
Revenue was $2.9M in Q4 2024, down 36% year over year and down 34% from the previous quarter.
Operating costs exceeded revenue by $36.1M, an operating margin of -1237.8%. Total costs grew 26% against a revenue fall of 36%. The fastest-growing cost line was Cost of revenue (+36%). The quarter ended with a net loss of $38.5M, wider than the previous quarter's $20.9M loss.
Operating cash flow was −$20.8M. Non-cash charges added back $518K of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $12.2M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$22.1M.
Questions
What was Liquidia's revenue in the fourth quarter 2024?
Liquidia (LQDA) reported revenue of $2.9M for the fourth quarter 2024 (Q4 2024), -36% from a year earlier and -34% from the quarter before.
Source: Liquidia 10-K on SEC EDGAR.