Filing Flows › Liquidia (LQDA) › R&D spending
Liquidia (LQDA) R&D spending by quarter
Liquidia's R&D spending was $17.2M in Q2 2026 (second quarter 2026), +37% from Q1 2026. Over the last 7 quarters it ranged from $6.0M (Q2 2025) to $17.2M (Q2 2026).
| Quarter | R&D spending | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | $17.2M | +37% | +185% |
| Q1 2026 | $12.6M | -26% | +80% |
| Q4 2025 | $16.9M | +81% | +3% |
| Q3 2025 | $9.3M | +55% | — |
| Q2 2025 | $6.0M | -14% | — |
| Q1 2025 | $7.0M | -58% | — |
| Q4 2024 | $16.5M | — | — |
Q2 2026 at a glance
Liquidia, Q2 2026: revenue $172M (19× year over year), operating margin 49.8%, net earnings $74.7M, operating cash flow $80.2M. The chart follows the revenue to costs, profit and cash.
Questions
What is Liquidia's R&D spending?
Liquidia's R&D spending was $17.2M in Q2 2026 (second quarter 2026), +37% from Q1 2026.
How has Liquidia's R&D spending changed?
Over the last 7 quarters it ranged from $6.0M (Q2 2025) to $17.2M (Q2 2026).