Welcome to our dedicated page for Liquidia Corporation SEC filings (Ticker: LQDA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Liquidia Corporation filings document a Delaware biopharmaceutical issuer reporting on YUTREPIA commercialization, treprostinil products and pulmonary hypertension programs. Form 8-K reports furnish quarterly and annual financial results, Regulation FD disclosures, corporate updates and investor presentation materials tied to PAH, PH-ILD, PRINT® Technology and the company’s product portfolio.
The filing record also covers governance and capital-market disclosure subjects, including definitive proxy materials, officer appointments and material definitive agreements. Recent agreement disclosures include the Liquidia Technologies licensing arrangement with Vectura for L606 and a nebulizer device in hypertension and interstitial lung disease treatment fields.
LQDA reports a Form 144 notice for proposed sales of 318,893 shares of common stock. The filing lists a broker-dealer UBS Financial Services Inc and shows prior sales by Canaan VIII LP of 7,684 shares on 03/26/2026 and 62,550 shares on 03/27/2026. Shares outstanding are listed as 88,114,429 as of 05/11/2026.
Liquidia Corporation reported a sharp turnaround for the quarter ended March 31, 2026, driven by commercialization of YUTREPIA. Total revenue rose to $132.9M from $3.1M a year earlier, including $129.9M of net product sales and $3.0M of service revenue from the Sandoz promotion agreement.
Income from operations reached $61.5M versus a prior-period operating loss, and net income was $52.9M, or $0.60 basic and $0.52 diluted per share. Cash and cash equivalents were $222.8M, with total assets of $401.5M and long-term debt of $177.9M under the HCR revenue interest financing, which requires maintaining at least $15.0M in cash.
Management highlights ongoing investment in R&D, including L606 development, and notes significant gross-to-net deductions tied to market access programs. The company remains exposed to litigation risk, particularly patent cases brought by United Therapeutics that could affect YUTREPIA’s commercialization, though no outcomes are yet determined.
Liquidia Corporation reported a sharp turnaround in first quarter 2026 results driven by YUTREPIA sales. Total revenue reached $132.9 million for the three months ended March 31, 2026, up from $3.1 million a year earlier, as product sales grew to $129.9 million from zero following YUTREPIA’s 2025 U.S. launch.
The company generated net income of $52.9 million, or $0.60 per basic share and $0.52 per diluted share, compared with a net loss of $38.4 million in the prior-year quarter. Adjusted EBITDA was $71.2 million. Cash and cash equivalents increased to $222.8 million as of March 31, 2026, from $190.7 million as of December 31, 2025, while Liquidia continued to invest in R&D and commercialization and highlighted ongoing patent litigation that could affect YUTREPIA’s commercialization.
Serendipity Biopharma LLC files a Form 144 reporting proposed sales of 100,000 shares of common stock. The notice lists an aggregate intended sale price of $4,228,000.00 and an intended sale date of 05/08/2026. The excerpt shows multiple executed 10b5-1 sales from 04/09/2026 through 05/07/2026, including several 25,000-share transactions under a 10b5-1 plan.
Liquidia Corp Chief Executive Officer Roger Jeffs reported indirect open‑market sales of 75,000 shares of common stock over three days at volume-weighted average prices of $40.10, $40.78, and $42.09. The Form 4 shows these sales were effected by Serendipity BioPharma LLC, an entity for which Jeffs serves as manager with sole voting and dispositive power, under a Rule 10b5-1 trading plan adopted on November 5, 2025. After the transactions, Serendipity reports holding 1,348,095 Liquidia shares indirectly, a separate living trust reports holding 46,595 shares indirectly, and Jeffs directly holds 1,137,508 shares, while additional unvested RSU awards are also disclosed.
LQDA: An affiliate filed a Form 144 reporting proposed sales of 25,000 shares pursuant to resale notices.
The filing also lists multiple completed 10b5-1 sales by SERENDIPITY BIOPHARMA LLC and a sale by ROGER JEFFS on dates between 04/09/2026 and 05/06/2026, with individual trade proceeds shown for each transaction.
Liquidia Corp Chief Accounting Officer Dana Boyle reported an open-market sale of 1,576 shares of common stock at $37.78 per share. The transaction was executed under a pre-arranged Rule 10b5-1 plan adopted on December 15, 2023 and was made to cover taxes tied to the settlement of previously granted restricted stock units. After the sale, Boyle directly holds 175,342 shares, which include significant unvested RSU awards and shares acquired through the company’s employee stock purchase plan.
Liquidia Corp Chief Business Officer Jason Adair sold 688 shares of common stock. The open-market sale on April 27, 2026 was executed at $41.65 per share pursuant to a Rule 10b5-1 trading plan and was used to cover taxes from the settlement of restricted stock units. Following the transaction, Adair directly holds 214,738 shares, along with multiple grants of unvested RSUs and shares acquired under the company’s 2020 Employee Stock Purchase Plan.
Liquidia Corporation uses its 2026 proxy to highlight a breakthrough year driven by the launch of YUTREPIA, which generated hundreds of millions in net product sales and carried the company to profitability within four months. The company ended the year with $190.7 million in cash and positive cash flow. Management describes a large opportunity in prostacyclin therapies, citing over $4.5 billion in branded sales across PAH and PH-ILD, with treprostinil formulations at about $2.9 billion and roughly 60,000 addressable PH-ILD patients, most still untreated. Liquidia plans six new clinical studies in 2026 to strengthen YUTREPIA’s profile, advance its L606 inhaled treprostinil candidate into a pivotal Phase 3 RE-SPIRE study, and explore new indications. The proxy also asks stockholders to elect three Class II directors, ratify PricewaterhouseCoopers LLP as auditor, and approve an advisory vote on executive compensation at a fully virtual June 16, 2026 annual meeting.