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Lipella Pharmaceuticals Inc. (LIPO) 10-Year Financial Performance & Capital Metrics

LIPO • • Industrial / General
HealthcareBiotechnologyPlatform & Technology CompaniesAntibody Discovery Platforms
AboutLipella Pharmaceuticals Inc., a clinical-stage biotechnology company, focuses on developing drugs by reformulating the active agents in existing generic drugs and optimizing these reformulations for various applications. It is developing LP-10, a formulation of tacrolimus that is in Phase IIa clinical trial for patients with radiation-induced hemorrhagic cystitis; and LP-310, a formulation of tacrolimus for the treatment of oral lichen planus. The company was incorporated in 2005 and is based in Pittsburgh, Pennsylvania.Show more
  • Revenue $536K +19.3%
  • EBITDA -$5M -7.0%
  • Net Income -$5M -8.6%
  • EPS (Diluted) -4.79 +22.2%
  • Gross Margin -573.65% +0.4%
  • EBITDA Margin -946.69% +10.3%
  • Operating Margin -947.23% +10.3%
  • Net Margin -935.25% +9.0%
  • ROE -198.12% -67.7%
  • ROIC -
  • Debt/Equity 0.02 -42.9%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Trading at only 0.1x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 1 (bottom 1%)
  • ✗Sales declining 5.0% over 5 years
  • ✗Shares diluted 39.7% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-5.04%
3Y27.41%
TTM-64.08%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-29410.04%

EPS CAGR

10Y-
5Y-
3Y-
TTM41.31%

ROCE

10Y Avg-114.59%
5Y Avg-114.59%
3Y Avg-132.79%
Latest-198.8%

Peer Comparison

Antibody Discovery Platforms
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Sector-Specific
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NAGENiagen Bioscience Inc503.58M6.3157.3619.18%16.38%28.91%2.37%0.06
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HALOHalozyme Therapeutics, Inc.8.45B71.8220.9422.44%47.91%118.17%5.55%4.14
RPRXRoyalty Pharma plc16.97B39.7220.80-3.86%32.55%7.95%16.32%0.74
REGNRegeneron Pharmaceuticals, Inc.76.63B741.9219.358.27%32.13%14.79%4.78%0.09
GMABGenmab A/S20.85B33.852.7930.67%46.8%114.25%36.37%0.03
DNAGinkgo Bioworks Holdings, Inc.464.86M9.58-0.91-9.71%-188%-60.66%0.65
PRMEPrime Medicine, Inc.720.24M3.99-2.42-33.02%-121.95%0.27

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+694.75K961.68K259.35K184.16K449.62K536.36K
Revenue Growth %-0.38%-0.73%-0.29%1.44%0.19%
Cost of Goods Sold+682.89K975.96K1.46M2.55M3.04M3.61M
COGS % of Revenue0.98%1.01%5.62%13.83%6.76%6.74%
Gross Profit+11.86K-14.28K-1.2M-2.36M-2.59M-3.08M
Gross Margin %0.02%-0.01%-4.62%-12.83%-5.76%-5.74%
Gross Profit Growth %--2.2%-82.87%-0.97%-0.1%-0.19%
Operating Expenses+65.65K42.59K718.38K226.19K2.16M2M
OpEx % of Revenue0.09%0.04%2.77%1.23%4.8%3.74%
Selling, General & Admin65.65K42.59K718.38K226.19K2.16M2M
SG&A % of Revenue0.09%0.04%2.77%1.23%4.8%3.74%
Research & Development682.89K975.96K1.46M2.55M00
R&D % of Revenue0.98%1.01%5.62%13.83%--
Other Operating Expenses-682.89K-975.96K-1.46M-2.55M00
Operating Income+-53.79K-56.86K-1.92M-2.59M-4.75M-5.08M
Operating Margin %-0.08%-0.06%-7.39%-14.06%-10.56%-9.47%
Operating Income Growth %--0.06%-32.69%-0.35%-0.83%-0.07%
EBITDA+0-53.69K-1.86M-2.59M-4.74M-5.08M
EBITDA Margin %--0.06%-7.17%-14.05%-10.55%-9.47%
EBITDA Growth %---33.62%-0.39%-0.83%-0.07%
D&A (Non-Cash Add-back)53.79K0001.69K2.89K
EBIT-53.79K-53.69K-1.86M-2.59M-4.61M-5.02M
Net Interest Income+-8.06K-4.79K-6.73K-7.93K126.99K64.28K
Interest Income3343.17K1041.68K137.84K64.28K
Interest Expense8.39K7.96K6.83K9.61K10.85K0
Other Income/Expense-8.06K-4.79K50.35K-7.98K126.99K64.28K
Pretax Income+-61.85K-61.66K-1.87M-2.6M-4.62M-5.02M
Pretax Margin %-0.09%-0.06%-7.19%-14.11%-10.27%-9.35%
Income Tax+000000
Effective Tax Rate %1%1%1%1%1%1%
Net Income+-61.85K-61.66K-1.87M-2.6M-4.62M-5.02M
Net Margin %-0.09%-0.06%-7.19%-14.11%-10.27%-9.35%
Net Income Growth %-0%-29.26%-0.39%-0.78%-0.09%
Net Income (Continuing)-61.85K-61.66K-1.87M-2.6M-4.62M-5.02M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-0.24-0.23-4.38-5.12-6.16-4.79
EPS Growth %-0.04%-18.04%-0.17%-0.2%0.22%
EPS (Basic)-0.24-0.23-4.00-5.12-6.16-4.79
Diluted Shares Outstanding260K266.4K426.01K507.58K750.38K1.05M
Basic Shares Outstanding260K266.4K466.48K507.36K749.83K1.05M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+118.92K699.43K1.81M5.8M3.43M2.62M
Cash & Short-Term Investments26K606.74K1.71M5.12M3.29M2.18M
Cash Only26K606.74K1.41M5.12M3.29M2.18M
Short-Term Investments00300.55K000
Accounts Receivable83.89K69.03K0113.66K32.29K84.71K
Days Sales Outstanding44.0726.2-225.2726.2157.65
Inventory000000
Days Inventory Outstanding------
Other Current Assets000000
Total Non-Current Assets+0255.59K204.8K150.82K147.89K56.62K
Property, Plant & Equipment0255.59K204.8K150.82K147.89K56.62K
Fixed Asset Turnover-3.76x1.27x1.22x3.04x9.47x
Goodwill000000
Intangible Assets000000
Long-Term Investments000000
Other Non-Current Assets000000
Total Assets+118.92K955.02K2.01M5.95M3.58M2.67M
Asset Turnover5.84x1.01x0.13x0.03x0.13x0.20x
Asset Growth %-7.03%1.11%1.96%-0.4%-0.25%
Total Current Liabilities+165.67K207.77K340.63K1.18M385.36K754.42K
Accounts Payable49.34K24.54K46.9K384.36K138.02K388.19K
Days Payables Outstanding26.379.1811.7555.0716.5839.21
Short-Term Debt50K82.04K25K275K00
Deferred Revenue (Current)000000
Other Current Liabilities40.04K00000
Current Ratio0.72x3.37x5.31x4.92x8.90x3.47x
Quick Ratio0.72x3.37x5.31x4.92x8.90x3.47x
Cash Conversion Cycle------
Total Non-Current Liabilities+71.59K283.94K248.71K96.26K47.37K0
Long-Term Debt50K50K50K000
Capital Lease Obligations0207.96K168.36K96.26K47.37K0
Deferred Tax Liabilities000000
Other Non-Current Liabilities21.59K25.97K30.35K000
Total Liabilities237.26K491.7K589.34K1.27M432.73K754.42K
Total Debt+100K388.91K282.96K429.52K136.59K47.6K
Net Debt74K-217.82K-1.13M-4.69M-3.16M-2.14M
Debt / Equity-0.84x0.20x0.09x0.04x0.02x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-6.41x-7.14x-280.34x-269.42x-437.50x-
Total Equity+-118.34K463.32K1.42M4.68M3.14M1.92M
Equity Growth %-4.92%2.07%2.28%-0.33%-0.39%
Book Value per Share-0.461.743.349.214.191.83
Total Shareholders' Equity-118.34K463.32K1.42M4.68M3.14M1.92M
Common Stock520574387574605121
Retained Earnings0-1.24M-3.11M-5.7M-10.32M-15.34M
Treasury Stock000000
Accumulated OCI-1.18M00000
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-39.12K-28.58K-989.27K-1.83M-3.15M-3.95M
Operating CF Margin %-0.06%-0.03%-3.81%-9.94%-7.01%-7.37%
Operating CF Growth %-0.27%-33.62%-0.85%-0.72%-0.25%
Net Income-61.85K-61.66K-1.87M-2.6M-4.62M-5.02M
Depreciation & Amortization00001.69K2.89K
Stock-Based Compensation057.71K728.8K747.4K1.36M749.4K
Deferred Taxes000000
Other Non-Cash Items18.73K7.64K-50.21K9.61K121.2K200K
Working Capital Changes14.34K-32.28K197.61K9.52K-9.11K113.23K
Change in Receivables-43.78K14.86K69.03K-113.66K00
Change in Inventory0-14.86K0113.66K00
Change in Payables33.44K-24.8K22.36K337.46K-246.34K250.18K
Cash from Investing+00-300.55K300.55K-14.43K0
Capital Expenditures0000-14.43K0
CapEx % of Revenue----0.03%0%
Acquisitions------
Investments------
Other Investing000-300.55M00
Cash from Financing+25K609.31K2.1M5.24M1.34M2.84M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing000000
Net Change in Cash------
Free Cash Flow+-39.12K-28.58K-989.27K-1.83M-3.16M-3.95M
FCF Margin %-0.06%-0.03%-3.81%-9.94%-7.04%-7.37%
FCF Growth %-0.27%-33.62%-0.85%-0.73%-0.25%
FCF per Share-0.15-0.11-2.32-3.61-4.22-3.77
FCF Conversion (FCF/Net Income)0.63x0.46x0.53x0.70x0.68x0.79x
Interest Paid000011.36K11.91K
Taxes Paid000000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)--35.75%-197.73%-85.18%-118.13%-198.12%
Return on Invested Capital (ROIC)--42.4%-533.98%-1407.16%--
Gross Margin1.71%-1.48%-461.71%-1283.43%-575.87%-573.65%
Net Margin-8.9%-6.41%-719.3%-1410.59%-1027.31%-935.25%
Debt / Equity-0.84x0.20x0.09x0.04x0.02x
Interest Coverage-6.41x-7.14x-280.34x-269.42x-437.50x-
FCF Conversion0.63x0.46x0.53x0.70x0.68x0.79x
Revenue Growth-38.42%-73.03%-28.99%144.15%19.29%

Revenue by Segment

2022
Grant Revenues184.16K
Grant Revenues Growth-

Frequently Asked Questions

Growth & Financials

Lipella Pharmaceuticals Inc. (LIPO) reported $0.2M in revenue for fiscal year 2024. This represents a 75% decrease from $0.7M in 2019.

Lipella Pharmaceuticals Inc. (LIPO) grew revenue by 19.3% over the past year. This is strong growth.

Lipella Pharmaceuticals Inc. (LIPO) reported a net loss of $1.26B for fiscal year 2024.

Dividend & Returns

Lipella Pharmaceuticals Inc. (LIPO) has a return on equity (ROE) of -198.1%. Negative ROE indicates the company is unprofitable.

Lipella Pharmaceuticals Inc. (LIPO) had negative free cash flow of $2.36B in fiscal year 2024, likely due to heavy capital investments.

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