Liquidia Q1 Earnings Call Highlights

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Liquidia (NASDAQ:LQDA) reported sharply higher first-quarter 2026 income and profitability arsenic executives said the motorboat of YUTREPIA continued to summation traction successful pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease.

On the company’s net call, Chief Executive Officer Roger Jeffs said YUTREPIA has go a starring root of maturation successful the inhaled prostacyclin class 3 afloat quarters aft launch. As of April 30, the institution had received astir 4,500 unsocial diligent prescriptions and started astir 3,750 patients connected therapy since launch, Jeffs said. About 980 physicians person prescribed the therapy since launch.

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Jeffs said prescribing has broadened portion besides becoming deeper among physicians who person already utilized the product. Since the extremity of February, the fig of physicians who person prescribed YUTREPIA to 5 oregon much patients accrued 25% to astir 270, helium said.

“What this intelligibly demonstrates is that physicians who effort YUTREPIA are coming backmost to it for much and much of their patients,” Jeffs said.

YUTREPIA Sales Rise 44% Sequentially

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Chief Operating Officer and Chief Financial Officer Michael Kaseta said nett merchandise income of YUTREPIA totaled $129.9 cardinal successful the archetypal quarter, up from $90.1 cardinal successful the 4th fourth of 2025. That represented 44% sequential growth.

The institution besides posted its 3rd consecutive 4th of expanding profitability. Net income was astir $52.9 million, compared with $14.6 cardinal successful the 4th quarter. Non-GAAP adjusted EBITDA was astir $71.2 million, up from $27.3 cardinal successful the anterior quarter.

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Kaseta said Liquidia ended the 4th with astir $222.8 cardinal successful currency and currency equivalents, an summation of $32.1 cardinal from year-end. He said the institution achieved the profitability gains portion continuing to put successful its commercialized organization, manufacturing capableness successful North Carolina and objective improvement programs.

“In summation to increasing the apical line, we proceed to turn the equilibrium expanse that funds our priorities and are assured successful our quality to stay profitable successful the future,” Kaseta said.

Company Sees Continued Growth successful PAH and PH-ILD

During the question-and-answer session, Jeffs said Liquidia has seen a “slight acceleration” successful referrals and diligent starts, though helium emphasized that absorption does not privation to forecast accelerating growth. He said the company’s expectations for astatine slightest $1 cardinal successful nett gross successful 2027 stay supported if existent maturation is sustained.