LQDA — Stock Film
STOCK FILMSCENE 1/11LQDA · $66.74
Stock Expert AI presents
LQDA
Liquidia Corporation
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Liquidia Corporation. What it actually does.

Develops and manufactures biopharmaceutical products for unmet patient needs in the United States. Now — the numbers.

on the stock market since 2018
216 employees
$5.9B market value
WHERE DOES THE MONEY COME FROM?
94%Products
ProductsServices 6%
94% of all revenue comes from a single line: Products.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$158.3M
The loss that same year:
$68.9M
For every $1 it earns, the company spends $1.4.

The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
Sales are growing overall, with a pause along the way.

Average growth of 87% a year over the last 4 years. Red columns mark years that ended in a loss.

$12.9M
2021
2022
2023
2024
$158.3M
2025
In the vault right now:
$190.7M
DEBT: $197.9M
At this pace, that money lasts about 2.8 years.

At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.

THE PRICE TAG
MARKET VALUE / ANNUAL SALES
37.5×

This company is not turning a profit, so the market is pricing its sales instead: 37.5× for every dollar of annual revenue.

Against companies in its own sector, it looks cheaper than 35% of them.

Analysts' average target sits 47% above today's price.

THE FIVE-YEAR JOURNEY
Below the peak, but no collapse.

The stock trades 27% below its peak. The market has trimmed its expectations for the company.

1
THE BRIGHT SIDE · 1/2
Sales keep climbing

Over the last 4 years, sales grew about 87% a year on average.

2
THE BRIGHT SIDE · 2/2
The product is selling

Sales run at $158.3M a year. A small number, but proof the product has real buyers.

1
THE RISKS · 1/3
Small sales, big loss

A loss of $68.9M against $158.3M in annual sales.

2
THE RISKS · 2/3
The price runs ahead of the earnings

Today’s price already includes part of tomorrow’s optimism. Report-card grade: 35/100.

3
THE RISKS · 3/3
Executives aren’t buying

No clear buy-side message is coming from the executive floor.

FINALE · THE GRADE
A+
96 / 100 · MoonshotScore

On our five-subject report card, LQDA sits near the top of the class. A high grade doesn’t mean “guaranteed win” — it means “the evidence looks strong for now.”

The takeaway: LQDA is a high-risk stock — not yet profitable, and its future rides on its product catching on.

The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.

Analysts’ average target sits above today’s price, yet the valuation grade (35/100) says the stock isn’t cheap.

What would you like to do next?
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This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film