Liquidia Corp

LQDA

Exchange: Nasdaq
Industry: Pharmaceutical Preparations
SEC CIK: 0001819576

SEC filings (opens in a new tab)

In the last 90 days, Liquidia Corp insiders filed 0 open-market purchases and 17 sales; 337 institutions reported holding it in 13F filings for Q2 2026, worth $5.78B in total; no superinvestor holds it.

Key figures

Market capClose on Nov 9, 2026: $4.28B
Insider buysOpen market, last 90 days: 0
Insider sellsLast 90 days, $25.8M in total: 17
13F holdersQ2 2026, +95 vs. previous quarter: 337
13F valueReported value at the end of Q2 2026: $5.78B
Superinvestors holdingAt the end of Q2 2026: 0

Price chart

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Financials

See financial statements

From SEC filings, in USD.

Revenue, FY2025: $158.3M; +1,031.2% year over year
Net income, FY2025: -$68.9M; No comparable prior period
Free cash flow, FY2025: -$40.0M; No comparable prior period
Revenue, Q2 FY2026: $171.7M; +1,842.7% year over year

Revenue flow, FY2025

Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue.

Net loss for FY2025: $68.9M (43.5% of revenue).

Short interest

See short data

From FINRA, settlement date Oct 15, 2026.

Short interest: 17.3M; Shares sold short
Change: +4.66M; +36.9% vs. previous
Days to cover: 1.98; At average daily volume

Superinvestors holding LQDA, Q2 2026

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No superinvestor reported holding LQDA at the end of Q2 2026.

Latest insider trades

See all insider trades

Open-market purchases and sales by Liquidia Corp insiders from Form 4, newest first.

Insider trades
Filed (ET)	Trade date	Filing delay	Insider	Transaction	Shares	Avg price	Value	Holding change	Flags
Oct 28, 2026 (view filing)4:31 PM ET	Oct 26	2 days	Boyle DanaChief Accounting Officer	SSale	−1.58K	$43.19	−$68.3K	−1.0%164.0K after	10b5-1
Oct 28, 2026 (view filing)4:30 PM ET	Oct 26	2 days	Adair JasonChief Business Officer	SSale	−688	$43.19	−$29.7K	−0.4%177.3K after	10b5-1
Oct 13, 2026 (view filing)8:05 PM ET	Oct 12	1 day	Schundler RussellGeneral Counsel	SSale	−13.7K	$28.48	−$389.9K	−2.2%602.8K after	10b5-1
Oct 13, 2026 (view filing)8:04 PM ET	Oct 12	1 day	Saggar RajeevChief Medical Officer	SSale	−9.22K	$28.48	−$262.5K	−6.8%126.4K after	10b5-1
Oct 13, 2026 (view filing)8:03 PM ET	Oct 12	1 day	Moomaw ScottChief Commercial Officer	SSale	−8.86K	$28.48	−$252.4K	−4.7%181.5K after	10b5-1
Oct 13, 2026 (view filing)8:02 PM ET	Oct 12	1 day	Krepp SarahChief Human Resource Officer	SSale	−5.25K	$28.48	−$149.4K	−4.4%115.2K after	10b5-1
Oct 13, 2026 (view filing)8:01 PM ET	Oct 12	1 day	Khindri SanjeevChief Development Officer	SSale	−1.10K	$28.48	−$31.4K	−1.7%64.8K after	10b5-1
Oct 13, 2026 (view filing)8:00 PM ET	Oct 12	1 day	Kaseta MichaelCFO and COO	SSale	−18.9K	$28.48	−$539.4K	−5.3%340.1K after	10b5-1
Oct 13, 2026 (view filing)7:59 PM ET	Oct 12	1 day	Jeffs RogerChief Executive Officer	SSale	−32.7K	$28.48	−$932.5K	−2.8%1.13M after	10b5-1
Oct 13, 2026 (view filing)7:59 PM ET	Oct 12	1 day	Boyle DanaChief Accounting Officer	SSale	−5.89K	$28.48	−$167.8K	−3.4%165.6K after	10b5-1

Top 10 13F holders, Q2 2026

See all 337 holders

The largest institutional positions in Liquidia Corp at the end of Q2 2026; share changes are against Q1 2026.

Institutions holding LQDA in Q2 2026
Institution	Shares	Value	% of portfolio	Change in shares	Action
BlackRock, Inc.	10,788,586	$860.2M	0.01%	+5,299,442+96.5%	Added
Farallon Capital Management, L.L.C.	8,365,038	$666.9M	3.90%	−291,000−3.4%	Reduced
Caligan Partners LP	8,118,892	$647.3M	31.23%	00.0%	Unchanged
Findell Capital Management LLC	3,502,112	$279.2M	46.03%	00.0%	Unchanged
Vanguard Capital Management LLC	3,139,183	$250.3M	0.01%	+212,238+7.3%	Added
State Street Corp	3,030,395	$241.6M	0.01%	+1,148,796+61.1%	Added
Opaleye Management Inc.	2,447,500	$195.1M	17.67%	−97,500−3.8%	Reduced
Geode Capital Management, LLC	2,121,290	$169.2M	0.01%	+192,321+10.0%	Added
Bank of America Corp	1,991,566	$158.8M	0.01%	−296,226−12.9%	Reduced
Price T Rowe Associates Inc	1,940,364	$154.7M	0.02%	+987,213+103.6%	Added

Holders of 5% or more of LQDA

See all 4 holders and filings

Holders whose latest Schedule 13D or 13G filing reports 5% or more of Liquidia Corp.

Largest holders of LQDA from 13D and 13G filings
Holder	Latest form	Stake	Change	First filed	Latest filing	Filing
BlackRock, Inc.	13G/A	11.90%10.6M shares	–	Oct 18, 20243 filings	Jul 8, 2026	SEC
Farallon Capital Partners, L.P.	13G/A	9.90%8.66M shares	−0.05 ppfrom 9.95%	Jul 11, 20253 filings	Feb 9, 2026	SEC
Farallon Capital Management, L.L.C.	13G/A	9.40%8.37M shares	–	Aug 4, 20261 filing	Aug 4, 2026	SEC
Manning Paul B	13G/A	6.50%4.95M shares	–	Feb 16, 20216 filings	Aug 14, 2026	SEC