For the quarter ending 2025-09-30, LQDA had -$15,926K decrease in cash & cash equivalents over the period. -$10,681K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net loss | -3,533 | -41,579 | -38,367 | -38,369 |
| Acquired in-process research and development | - | - | - | 3,500 |
| Stock-based compensation | 7,898 | 6,930 | 7,438 | 5,029 |
| Depreciation and amortization | 476 | 281 | 451 | 518 |
| Non-cash lease expense | 61 | 57 | 55 | 107 |
| Loss (gain) on disposal of property and equipment | - | - | - | -43 |
| Loss on extinguishment of debt | - | - | - | 0 |
| Accretion and non-cash interest expense | 6,944 | 5,657 | 4,670 | 4,365 |
| Accounts receivable, net | 25,991 | 8,721 | -1,472 | -1,483 |
| Inventory | 17,951 | 4,872 | 1,108 | 203 |
| Prepaid expenses and other current assets | 2,981 | 898 | -815 | -1,564 |
| Other noncurrent assets | -13,466 | 6,878 | 4,624 | 3,160 |
| Accounts payable | -5,993 | 1,946 | 3,418 | 2,552 |
| Accrued expenses and other current liabilities | 17,922 | 8,681 | -4,818 | 1,968 |
| Operating lease liabilities | -88 | -85 | -81 | -210 |
| Net cash used in operating activities | -9,770 | -39,481 | -30,679 | -20,813 |
| Purchase of in-process research and development | - | - | - | 3,500 |
| Purchases of property, plant and equipment | 911 | 1,057 | 330 | 1,288 |
| Proceeds from the sale of property, plant and equipment | - | - | - | 8 |
| Net cash used in investing activities | -911 | -1,057 | -330 | -4,780 |
| Proceeds from revenue interest financing, net | - | - | - | 0 |
| Proceeds from long-term debt, net of fees | 0 | 50,000 | 24,975 | - |
| Payments on long-term debt | 8,057 | 2,854 | 2,122 | 4,853 |
| Principal payments on finance leases | 0 | 0 | 64 | 27 |
| Receipts from litigation financing | 314 | 435 | 235 | 104 |
| Proceeds from sale of common stock, net of issuance costs | - | - | - | -342 |
| Proceeds from issuance of common stock under stock incentive plans | 2,498 | 125 | 1,264 | 91 |
| Net cash provided by financing activities | -5,245 | 47,706 | 24,288 | -2,296 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | -15,926 | 7,168 | -6,721 | -27,889 |
| Cash and cash equivalents at beginning of period | 176,926 | 169,758 | 176,479 | 204,368 |
| Cash and cash equivalents at end of period | 161,000 | 176,926 | 169,758 | 176,479 |
Liquidia Corp (LQDA)
Liquidia Corp (LQDA)