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LPCNLipocine Inc.
$2.12$12M
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 · Biotechnology
$2.12
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$12M
P/E-1.3x
52W High$12.37
Volume90.86K
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. The company faces significant capital constraints with a $213.1 million accumu...

GrowthContracting
ProfitabilityNegative
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

LPCN price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

-103% Peers

P/E is 103% below peer median

03

Market leadership

RS 12 · Lag

Laggard (Underperforming 88% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 4

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
LPCN-73.50%
S&P 500 (^GSPC)+12.39%
1-Year Return
LPCN-23.19%
S&P 500 (^GSPC)+15.77%
3-Year Return
LPCN-31.61%
S&P 500 (^GSPC)+84.89%
5-Year Return
LPCN-88.87%
S&P 500 (^GSPC)+71.38%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-1.2x
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
-1.2x
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
$2M-82.3% YoY
Net income
-$10M-115371.9% YoY
Free cash flow
-$10M-644.3% YoY
Operating margin
-524.7%-514.4 pts YoY
ROIC (TTM)-63.5%
Avg ROIC 5Y-
ROE (TTM)-54.3%
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 Rate7/12 (58%)
Revenue Beat Rate4/12 (44%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
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
Q4 2025
Nov 6, 2025
-$0.59-5.4%
vs -$0.56
$114,574-51.9%
vs $238,000
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
PRNewsWire·Sep 14, 2026
Lipocine Announces Initiation of BLOOM Phase 3 Study of LPCN 1154 for Postpartum Depression

Study informed by encouraging exploratory efficacy findings and a favorable safety profile in the prior Phase 3 trial Approximately 120 participants with severe postpartum depression (PPD) planned; first participant dosing expected in early Q4 2026 Company expects existing resources to support BLOOM SALT LAKE CITY, Sept. 14, 2026 /PRNewswire/ -- Lipocine Inc. (NASDAQ: LPCN), a specialty pharmaceutical company focused on the development of novel oral therapeutics, today announced the initiation of BLOOM, a Phase 3 study evaluating LPCN 1154 (oral brexanolone) for PPD.

PRNewsWire·Sep 10, 2026
Lipocine to Present at the H.C. Wainwright 28th Annual Global Investment Conference

SALT LAKE CITY, Sept. 10, 2026 /PRNewswire/ -- Lipocine Inc. (NASDAQ: LPCN), a specialty pharmaceutical company focused on the development of novel oral therapeutics, today announced that Company management will present and meet with investors at the H.C.

PRNewsWire·Aug 4, 2026
Lipocine Announces Financial Results for the Second Quarter Ended June 30, 2026

SALT LAKE CITY, Aug. 4, 2026 /PRNewswire/ -- Lipocine Inc. (NASDAQ: LPCN), a specialty pharmaceutical company focused on the development of novel oral therapeutics, today announced financial results for the second quarter ended June 30, 2026 and provided a corporate update. Recent Developments and Corporate Update LPCN 1154 (BRLIZIO™) for Postpartum Depression (PPD) On April 2, 2026, Lipocine reported topline results from its Phase 3 placebo-controlled trial (N=90) evaluating oral LPCN 1154 (oral brexanolone) for the treatment of PPD.

PRNewsWire·Aug 3, 2026
Lipocine Appoints Michael J. Grissinger to Board of Directors

/PRNewswire/ -- Lipocine Inc. (NASDAQ: LPCN), a biopharmaceutical company leveraging its proprietary technology platform to augment therapeutics through

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
$2.12$12.3M-1.25-82.35%-487.05%-54.28%—
ANIP logoANIPANI Pharmaceuticals, Inc.
$74.43$1.69B22.4243.78%10.82%19.19%—
TLSA logoTLSATiziana Life Sciences Ltd
$1.05$66.81M-3.28——-929.28%—
NUVB logoNUVBNuvation Bio Inc.
$5.71$1.98B-9.52698.96%-88.19%-49.73%—
CLDX logoCLDXCelldex Therapeutics, Inc.
$31.12$2.07B-7.98-78.63%-268385.71%-52.36%—
ABBV logoABBVAbbVie Inc.
$265.30$468.73B111.948.57%9.81%——

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 $1.6M in revenue for fiscal year 2025.

How fast is Lipocine Inc. growing?

Lipocine Inc. (LPCN) saw revenue decline by 82.3% over the past year.

Is LPCN profitable?

Lipocine Inc. (LPCN) reported a net loss of $11.9M for fiscal year 2025.

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

Lipocine Inc. (LPCN) has a return on equity (ROE) of -54.3%. Negative ROE indicates the company is unprofitable.

What is Lipocine Inc.'s free cash flow?

Lipocine Inc. (LPCN) had negative free cash flow of $11.2M in fiscal year 2025, likely due to heavy capital investments.

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

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

See returns →