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Liquidia Corp balance sheet

At the end of fiscal 2025, Liquidia Corp had total assets of $328m, total liabilities of $283m and shareholders' equity of $44.7m. It held $191m in cash against $0 of debt: net cash of $191m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents—65579384176191284
Receivables—0354354109
Inventory—————02436
Total current assets56666110090185273438
Goodwill04444444
Total assets6910094129118230328522
Accounts payable341215413
Total current liabilities1712791942136189
Short-term debt60——————
Long-term debt10101020————
Total debt16101020—000
Total liabilities3428283971151283327
Shareholders' equity35716590477945195
Net debt (negative = net cash)—−55−47−73−84−176−191−284
Shares outstanding——52m65m69m85m87m89m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Liquidia Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Liquidia Corp.