What move does the options market price into Liquidia's report?

Implied ±11.0%, either direction.

How often does Liquidia move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

LQDANasdaqPharmaceutical Preparations

Liquidia Corp (LQDA) earnings date, market-implied expected move, and options open interest by expiry

44.57

−2.81 · −5.93%

post 43.82 −1.69%

After hours17:21 ETdelayed

Open48.16Volume4.8MMkt cap$4.8BP/E27.73EPS1.58

Day43.80 – 48.160%52-wk22.31 – 93.6130%

LQDA

Liquidia Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±11.0%implied · report alone

8Q avg ±7.4%·×1.47·rich

40.5450.51

straddle ±11.9%

spot 45.52exp Nov 13ATM strike 45.5ATM straddle 6.38IV 118%

Nov 5 closereport share · term structure

Expected move

Inputs

Next report

Nov 9

before open · in 4 days

est.Q3 FY26

Calendar

Next report

Last report

−10.52%

vs ±11.9% implied · ×0.89

shaded = implied · ▲▼ = realized

Aug 12 '26 · confirmed

Implied vs realized

Linked news

1hICUI · supplierICU Medical posts net income of $76,066 (in thousands) for nine months ended September 30, 2026
3dGSK · supplierGSK total voting rights 4,045,439,182

News

Largest filed tie

13F top-10 QoQ

+27.62%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

340 managers

Top fund weight

0.17%

LQDA weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Liquidia (LQDA) is expected to report on Nov 9 before open (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±13.2%
avg realized: ±7.4%

Nov 13 '24Nov 13 '24confirmed±7.0%▼−3.39%×0.49

Mar 19 '25Mar 19 '25confirmed±10.5%▲+1.22%×0.12

May 8 '25May 8 '25confirmed±9.6%▼−1.16%×0.12

Aug 12 '25Aug 12 '25confirmed±10.0%▲+13.68%×1.36

Q3 FY25Nov 3 '25confirmed±30.8%▲+3.53%×0.11

Q1 FY26Mar 5 '26confirmed±13.8%▲+0.41%×0.03

May 11 '26May 11 '26confirmed±12.0%▲+25.60%×2.13

Q2 FY26Aug 12 '26confirmed±11.9%▼−10.52%×0.89

quarterimplied−35%0+35%realized×

Q2 FY26±11.9%▼−10.52%×0.89

May '26±12.0%▲+25.60%×2.13

Q1 FY26±13.8%▲+0.41%×0.03

Q3 FY25±30.8%▲+3.53%×0.11

Aug '25±10.0%▲+13.68%×1.36

May '25±9.6%▼−1.16%×0.12

2 older reports

Mar '25±10.5%▲+1.22%×0.12

Nov '24±7.0%▼−3.39%×0.49

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Nov 4 close

1.01OI · 10 expiries · Nov 4 closeP/C open interest · Nov 13 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

2,559+1%Nov 61d0.673,818+4%0.67

report · Nov 9 · before open · est.

735+22%Nov 138d726+25%

17,657+19%Nov 2015d2.098,4500%2.09

938+35%Nov 2722d2.55368+31%2.55

6 later expiries

6+50%Dec 429d0.05124+1%0.05

0—Dec 1136d0.0011+10%0.00

4,0710%Dec 1843d0.449,1900%0.44

5,426+31%Jan 1571d0.0868,026+18%0.08

2,397+1%Mar 19134d0.0548,788+4%0.05

11,9890%Apr 16162d8.321,4410%8.32

ExpiryPutsCallsP/C

Nov 61d2,559+1%3,818+4%0.67

report · Nov 9 · before open · est.

Nov 138d735+22%726+25%1.01

Nov 2015d17,657+19%8,4500%2.09

Nov 2722d938+35%368+31%2.55

6 later expiries

Dec 429d6+50%124+1%0.05

Dec 1136d0—11+10%0.00

Dec 1843d4,0710%9,1900%0.44

Jan 1571d5,426+31%68,026+18%0.08

Mar 19134d2,397+1%48,788+4%0.05

Apr 16162d11,9890%1,4410%8.32

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±11.9%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

43.52%as filednet margin · revenue +29.21% QoQ · +1842.73% YoY

Revenue

$172M+29.21% QoQ

Gross profit

$160M+32.32% QoQ

93.27% margin

Operating income

$86M+39.04% QoQ

49.81% margin

Pre-tax income

$82M+43.88% QoQ

Net income

$75M+41.35% QoQ

43.52% margin

Cost of revenue

$12M−2.55% QoQ

Operating expenses

$75M+25.38% QoQ

SG&A $57M

R&D $17M

Other expense

$4M

Tax

$7M+77.93% QoQ

Revenue$172M+29.21%

Gross profit

$160M+32.32%

93.27% margin

Operating income

$86M+39.04%

49.81% margin

Pre-tax income

$82M+43.88%

Net income

$75M+41.35%

43.52% margin

Cost of revenue

$12M−2.55%

Operating expenses

$75M+25.38%

SG&A $57M

R&D $17M

Other expense

$4M

Tax$7M+77.93%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 5 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 17:15 ET

Intraday

Event sensitivity

CPROF ×2.57· ±7.4% vs ±2.9% · 12 releases

eventrelease day|move|up · n×base

CPROFcorporate profits±7.4%8 of 12×2.57

GDPgross domestic product±5.2%10 of 19×1.80

PCEpersonal income & outlays±4.7%10 of 19×1.63

CPIconsumer prices±4.0%4 of 10×1.41

PPIproducer prices±3.2%5 of 10×1.11

NFPjobs report±2.6%7 of 10×0.92

FOMCrate decision±1.9%12 of 24×0.65

Bar = avg |move| to ±8% · tick = ±2.9% avg day · ×base = |move| ÷ ±2.9% · min 6 releases

Earnings history

EPS 0.74 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 12 '26 · confirmed	0.74	—
Q1 FY26	Mar 5 '26 · confirmed	0.52	—
Q3 FY25	Nov 3 '25 · confirmed	-0.04	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod