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LPCNLipocine Inc.
$1.57$9M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
LPCN logo

Lipocine Inc.

LPCN
NASDAQ · Neuroscience Biotech
$1.57
At close - Nov 6, 4:00 PM EST - USD
Market Cap$9M
P/E-1.4x
52W High$12.37
Volume507.79K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Persistent Revenue Volatility Masks Structural Liquidity Risks

Lipocine's reliance on non-recurring milestone payments creates an unstable financial profile, as evidenced by the revenue collapse from $7.6 million in 2024Q1 to $119.4K in 2026Q1.

GrowthContracting
ProfitabilityNegative
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

LPCN price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

-104% Peers

P/E is 104% below peer median

03

Market leadership

RS 14 · Lag

Laggard (Underperforming 86% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 5

Market performance

Price History →

Trailing total returns as of 11/9/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
LPCN-80.38%
S&P 500 (^GSPC)+7.63%
1-Year Return
LPCN-40.53%
S&P 500 (^GSPC)+9.69%
3-Year Return
LPCN-39.62%
S&P 500 (^GSPC)+71.86%
5-Year Return
LPCN-92.30%
S&P 500 (^GSPC)+59.02%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-1.4x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-1.4x
N/A
N/A
EV/EBITDA
N/A
27.4x
N/A
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$2M-82.3% YoY
Net income FY25
-$10M-115371.9% YoY
Free cash flow FY25
-$10M-644.3% YoY
Operating margin FY25
-524.7%-514.4 pts YoY
ROIC (FY25)-63.5%
Avg ROIC 5Y-27.7%
ROE (TTM)-46.5%
Piotroski Score1 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate5/12 (56%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
-$0.08+79.5%
vs -$0.39
$2M+1335.8%
vs $159,500
Q3 2026
Aug 4, 2026
-$0.32+20.0%
vs -$0.40
$190,099-10.8%
vs $213,000
Q2 2026
May 7, 2026
-$0.54-5.9%
vs -$0.51
$1M+634.8%
vs $162,500
Q2 2026
Mar 9, 2026
-$0.34+43.3%
vs -$0.60
$1M+867.8%
vs $116,000
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
PRNewsWire·3d ago
Lipocine Announces Financial Results for the Third Quarter of 2026

SALT LAKE CITY, Nov. 5, 2026 /PRNewswire/ -- Lipocine Inc. (NASDAQ: LPCN), a specialty pharmaceutical company focused on the development of novel oral therapeutics, today announced financial results for the third quarter ended September 30, 2026 and provided a corporate update. Recent Developments and Corporate Update LPCN 1154 (BRLIZIO™) for Postpartum Depression (PPD) In September 2026, Lipocine announced the initiation of the BLOOM (Brexanolone Lifting Outcomes of Moms) study.

Zacks Investment Research·Oct 8, 2026
Here's Why You Should Add LPCN Stock to Your Portfolio Now

Lipocine's Tlando royalties, Brlizio's phase III trial and broader pipeline offer multiple potential growth drivers and catalysts.

Benzinga·Oct 7, 2026
Canadian Approval Of Lipocine Drug Marks Progress for Oral Testosterone Options In Canada

Health Canada has given the go-ahead to Lipocine Inc. (NASDAQ:LPCN) and its licensing partner, Verity Pharmaceuticals Inc., for TLANDO (testosterone undecanoate) capsules.

PRNewsWire·Oct 7, 2026
Lipocine Announces Health Canada Approval of TLANDO® for Testosterone Replacement Therapy

SALT LAKE CITY, Oct. 7, 2026 /PRNewswire/ -- Lipocine Inc. (NASDAQ: LPCN), a specialty pharmaceutical company focused on the development of novel oral therapeutics, today announced that, through Lipocine's licensing partner Verity Pharmaceuticals Inc (Verity Pharma), Health Canada has approved TLANDO® (testosterone undecanoate) capsules for testosterone replacement therapy in adult males for the conditions associated with a deficiency or absence of endogenous testosterone (male hypogonadism). Verity Pharma holds exclusive commercial rights to TLANDO in North America and is planning for launch and commercialization in the Canadian market by the end of 2026.

Filtered for Lipocine Inc.More Headlines
04

Compare before deciding

Benchmark LPCN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Lipocine Inc. (LPCN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
LPCN logoLPCNLipocine Inc.Current
$1.57$9.11M-1.39-82.35%-249.16%-46.52%—
ANIP logoANIPANI Pharmaceuticals, Inc.
$67.41$1.53B12.5143.78%11.22%20%0.08%
TLSA logoTLSATiziana Life Sciences Ltd
$0.69$43.83M-4.31————
NUVB logoNUVBNuvation Bio Inc.
$4.16$1.44B-10.77698.96%-67.38%-49.11%—
CLDX logoCLDXCelldex Therapeutics, Inc.
$29.87$1.99B-7.59-78.63%-275986.61%-52.67%—
ABBV logoABBVAbbVie Inc.
$291.31$514.68B49.878.57%15.68%—2.26%

Compare LPCN vs Peers

Lipocine Inc. (LPCN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ANIP

Most directly comparable listed peer for LPCN.

Scale Benchmark

vs ABBV

Larger-name benchmark to compare LPCN against a more recognizable public peer.

Peer Set

Compare Top 5

vs ANIP, TLSA, NUVB, CLDX

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

LPCN SEC Filings & Documents

Lipocine Inc. (LPCN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 4, 2026·SEC

Material company update

Aug 3, 2026·SEC

Material company update

Jun 12, 2026·SEC

10-K Annual Reports

1
FY 2026

Mar 10, 2026·SEC

10-Q Quarterly Reports

5
FY 2026

Aug 4, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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LPCN Frequently Asked Questions

Lipocine Inc. (LPCN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Lipocine Inc.'s revenue?

Lipocine Inc. (LPCN) reported $3.7M in revenue over the trailing twelve months. Revenue was $2.0M in fiscal year 2025.

How fast is Lipocine Inc. growing?

Lipocine Inc. (LPCN) revenue fell by 13.4% over the trailing twelve months, compared with the twelve months before.

Is LPCN profitable?

No. Lipocine Inc. (LPCN) reported a net loss of $9.3M over the trailing twelve months.

Dividend & Returns
What is LPCN's return on equity?

Lipocine Inc. (LPCN) had a return on equity (ROE) of -46.5% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Lipocine Inc.'s free cash flow?

Lipocine Inc. (LPCN) had negative free cash flow of $2.9M over the trailing twelve months.

What if you invested $1,000 in LPCN back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

See returns →