Liquidia Corporation

NasdaqCM:LQDA Stock Report

Market Cap: US$3.0b

Liquidia Management

Management criteria checks 3/4

Liquidia's CEO is Roger Jeffs, appointed in Jan 2022, has a tenure of 3.92 years. total yearly compensation is $6.75M, comprised of 11.8% salary and 88.2% bonuses, including company stock and options. directly owns 2.5% of the company’s shares, worth $74.91M. The average tenure of the management team and the board of directors is 2.5 years and 6.2 years respectively.

Key information

Roger Jeffs

Chief executive officer

US$6.8m

Total compensation

CEO salary percentage11.85%
CEO tenure3.9yrs
CEO ownership2.5%
Management average tenure2.5yrs
Board average tenure6.2yrs

Recent management updates

Recent updates

Liquidia Corporation (NASDAQ:LQDA) Looks Just Right With A 30% Price Jump

Dec 06
Liquidia Corporation (NASDAQ:LQDA) Looks Just Right With A 30% Price Jump

Is Liquidia (NASDAQ:LQDA) Weighed On By Its Debt Load?

Aug 09
Is Liquidia (NASDAQ:LQDA) Weighed On By Its Debt Load?

Liquidia: Competitor Insmed's Stunning PAH Data Arrives At Precisely The Wrong Time

Jun 11

Analysts Are Updating Their Liquidia Corporation (NASDAQ:LQDA) Estimates After Its First-Quarter Results

May 11
Analysts Are Updating Their Liquidia Corporation (NASDAQ:LQDA) Estimates After Its First-Quarter Results

Analysts Have Just Cut Their Liquidia Corporation (NASDAQ:LQDA) Revenue Estimates By 11%

Mar 24
Analysts Have Just Cut Their Liquidia Corporation (NASDAQ:LQDA) Revenue Estimates By 11%

Is Liquidia (NASDAQ:LQDA) Weighed On By Its Debt Load?

Feb 11
Is Liquidia (NASDAQ:LQDA) Weighed On By Its Debt Load?

Liquidia Corporation's Long-Running Saga Is Coming To An End

Jan 31

Is Liquidia (NASDAQ:LQDA) A Risky Investment?

Jul 18
Is Liquidia (NASDAQ:LQDA) A Risky Investment?

Broker Revenue Forecasts For Liquidia Corporation (NASDAQ:LQDA) Are Surging Higher

Jan 19
Broker Revenue Forecasts For Liquidia Corporation (NASDAQ:LQDA) Are Surging Higher

Liquidia Corporation's (NASDAQ:LQDA) P/S Still Appears To Be Reasonable

Dec 20
Liquidia Corporation's (NASDAQ:LQDA) P/S Still Appears To Be Reasonable

Is Liquidia (NASDAQ:LQDA) Using Debt In A Risky Way?

Aug 17
Is Liquidia (NASDAQ:LQDA) Using Debt In A Risky Way?

CEO Compensation Analysis

How has Roger Jeffs's remuneration changed compared to Liquidia's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

-US$124m

Jun 30 2025n/an/a

-US$152m

Mar 31 2025n/an/a

-US$139m

Dec 31 2024US$7mUS$800k

-US$130m

Sep 30 2024n/an/a

-US$117m

Jun 30 2024n/an/a

-US$102m

Mar 31 2024n/an/a

-US$97m

Dec 31 2023US$5mUS$689k

-US$79m

Sep 30 2023n/an/a

-US$58m

Jun 30 2023n/an/a

-US$51m

Mar 31 2023n/an/a

-US$37m

Dec 31 2022US$11mUS$325k

-US$41m

Sep 30 2022n/an/a

-US$46m

Jun 30 2022n/an/a

-US$44m

Mar 31 2022n/an/a

-US$41m

Dec 31 2021US$93kn/a

-US$35m

Sep 30 2021n/an/a

-US$39m

Jun 30 2021n/an/a

-US$47m

Mar 31 2021n/an/a

-US$54m

Dec 31 2020US$89kn/a

-US$60m

Compensation vs Market: Roger's total compensation ($USD6.75M) is about average for companies of similar size in the US market ($USD6.91M).

Compensation vs Earnings: Roger's compensation has increased whilst the company is unprofitable.

CEO

Roger Jeffs (63 yo)

3.9yrs
Tenure
US$6,751,230
Compensation

Dr. Roger A. Jeffs, Ph D., serves as Director at Liquidia Corporation (formerly known as Liquidia Technologies, Inc.) since November 2020 and serves as its Chief Executive Officer from January 3, 2022. He...

Leadership Team

NamePositionTenureCompensationOwnership
Roger Jeffs
CEO & Director3.9yrsUS$6.75m2.5%
$ 74.9m
Michael Kaseta
COO & CFO5.1yrsUS$3.79m0.14%
$ 4.2m
Russell Schundler
General Counsel & Corporate Secretary4.8yrsUS$2.86m0.45%
$ 13.6m
Dana Boyle
Chief Accounting Officerless than a yearno data0.035%
$ 1.0m
Christian Font
Senior VPless than a yearno datano data
Michael Post
Senior Vice President of Marketingless than a yearno datano data
Matt Snow
Senior Vice President of Salesless than a yearno datano data
Sarah Krepp
Chief Human Resources Officer2.5yrsno data0.028%
$ 829.2k
Jason Adair
Chief Business Officer2.4yrsno data0.093%
$ 2.8m
Scott Moomaw
Chief Commercial Officer5.1yrsno data0.035%
$ 1.1m
Rajeev Saggar
Chief Medical Officer3.4yrsno data0.054%
$ 1.6m
Michael Hunter
Senior Vice President of Manufacturing Operations1.9yrsno datano data
2.5yrs
Average Tenure
51yo
Average Age

Experienced Management: LQDA's management team is considered experienced (2.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Roger Jeffs
CEO & Director5.1yrsUS$6.75m2.5%
$ 74.9m
Arthur Kirsch
Independent Director9.3yrsUS$327.51k0.060%
$ 1.8m
Joanna Horobin
Independent Director6.3yrsUS$315.01k0.018%
$ 528.4k
Stephen Bloch
Independent Chairman16.4yrsUS$362.51k0.023%
$ 700.5k
Paul Manning
Independent Director5yrsUS$305.01k5.38%
$ 161.0m
David Johnson
Independent Director4.7yrsUS$310.01k0.023%
$ 700.5k
Damian deGoa
Independent Director5yrsUS$300.01k0.078%
$ 2.3m
Ramandeep Singh
Independent Director7.8yrsUS$315.01k0.015%
$ 442.4k
Katherine Rielly-Gauvin
Independent Director6.2yrsUS$312.51k0.023%
$ 700.5k
6.2yrs
Average Tenure
62yo
Average Age

Experienced Board: LQDA's board of directors are considered experienced (6.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/29 10:21
End of Day Share Price 2025/12/26 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Liquidia Corporation is covered by 15 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jason Matthew GerberryBofA Global Research
Julian HarrisonBTIG
Andrew FeinH.C. Wainwright & Co.