---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-045850"
form_type: "8-K"
ticker: "LQDA"
cik: "0001819576"
company_name: "Liquidia Corp"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T05:21:32.405285+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Liquidia Q1 net loss $38.4M ($0.45/sh); PDUFA May 24; court dismisses UTHR cross-claim

## Summary
- Net loss of $38.4M ($0.45 per share) vs $30.1M ($0.40) prior year; cash $169.8M.
- Revenue $3.1M from Sandoz promotion agreement; R&D down 31% as shift to commercialization.
- PDUFA goal date May 24, 2025 for YUTREPIA NDA; FDA accepted Class 1 resubmission.
- District Court dismissed UTHR cross-claim challenging PH-ILD amendment; UTHR may appeal.
- Amended HCR agreement provides up to $100M additional financing for commercial launch.

## SEC filing metadata
- accession: 0001104659-25-045850
- form_type: 8-K
- ticker: LQDA
- cik: 0001819576
- company_name: Liquidia Corp
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819576/000110465925045850/0001104659-25-045850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819576/000110465925045850/tm2514389d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-045850
- JSON: https://secwatch.observer/filing/0001104659-25-045850.json
- Plain text: https://secwatch.observer/filing/0001104659-25-045850.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.