Lipocine Inc. (LPCN) quarterly income statement — complete revenue, gross profit & net income history
Lipocine Inc. (LPCN) annual income statement — 15-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 190.1K | 119.4K | 1.15M | 114.57K | 622.85K | 93.86K | 3.49M | 0 | 89.56K | 7.62M | 216.19K | -3.12M | 0 | 54.99K | 0 | 0 | 500K | 0 | 16.09M | 54.99K |
| Revenue Growth % | -69.48% | 27.2% | -67.19% | - | 595.42% | -98.77% | 1514.99% | 100% | - | 13751.93% | - | - | -100% | - | -100% | -100% | - | - | - | - |
| Cost of Goods Sold | 0 | 14.81K | 14.98K | 0 | 2.14M | 0 | 0 | 0 | 1.87M | 0 | 0 | 0 | 2.52M | 0 | 1.67M | 2.1M | 2.9M | 0 | 2.25M | 2.37M |
| COGS % of Revenue | - | 12.41% | 1.31% | - | 343.06% | - | - | - | 2093.14% | - | - | - | - | - | - | - | 579.6% | - | 14.01% | 4303.23% |
| Gross Profit | 190.1K | 104.58K | 1.13M | 114.57K | -1.51M | 93.86K | 3.49M | 0 | -1.79M | 7.62M | 216.19K | -3.12M | -2.52M | 54.99K | -1.67M | -2.1M | -2.4M | 0 | 13.83M | -2.31M |
| Gross Margin % | 100% | 87.59% | 98.69% | 100% | -243.06% | 100% | 100% | - | -1993.14% | 100% | 100% | 100% | - | 100% | - | - | -479.6% | - | 85.99% | -4203.23% |
| Gross Profit Growth % | 112.56% | 11.42% | -67.62% | - | 15.19% | -98.77% | 1514.99% | 100% | 29.03% | 13751.93% | 112.94% | -48.64% | -4.89% | - | -112.08% | 9.13% | -63.72% | - | 657.77% | 7.09% |
| Operating Expenses | 3.03M | 3.95M | 3.65M | 3.48M | 890.43K | 2.18M | 1.95M | 2.63M | 1.51M | 4.39M | 2.81M | 3.92M | 1.44M | 4.39M | 890.34K | 798.94K | 1.13M | 3.13M | 1.05M | 1.22M |
| OpEx % of Revenue | 1595.14% | 3311.68% | 318.34% | 3033.51% | 142.96% | 2326.82% | 55.73% | - | 1683.04% | 57.69% | 1299.58% | -125.6% | - | 7989.86% | - | - | 225.9% | - | 6.52% | 2222.33% |
| Selling, General & Admin | 990.96K | 1.2M | 983.39K | 767.84K | 890.43K | 1.12M | 873.05K | 1.05M | 1.51M | 1.58M | 1.13M | 1.04M | 1.44M | 1.29M | 890.34K | 798.94K | 1.13M | 1.24M | 1.05M | 1.22M |
| SG&A % of Revenue | 521.28% | 1008.79% | 85.86% | 670.17% | 142.96% | 1195.85% | 25.01% | - | 1683.04% | 20.69% | 524.82% | -33.39% | - | 2340.99% | - | - | 225.9% | - | 6.52% | 2222.33% |
| Research & Development | 2.04M | 2.75M | 2.69M | 2.71M | 2.12M | 1.06M | 1.07M | 1.59M | 0 | 2.82M | 0 | 2.88M | 0 | 3.11M | 0 | 2.1M | 0 | 1.89M | 0 | 0 |
| R&D % of Revenue | 1073.86% | 2302.89% | 235.2% | 2363.34% | 340.48% | 1130.97% | 30.73% | - | - | 37.01% | - | -92.21% | - | 5648.86% | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -31.09K | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 0 |
| Operating Income | -2.84M | -3.85M | -2.52M | -3.36M | -2.4M | -2.09M | 1.55M | -2.63M | -3.29M | 3.22M | -2.59M | -7.04M | -3.96M | -4.34M | -2.56M | -2.9M | -3.53M | -3.13M | 12.78M | -3.53M |
| Operating Margin % | -1495.14% | -3224.09% | -219.65% | -2933.51% | -386.03% | -2226.82% | 44.27% | - | -3676.18% | 42.31% | -1199.58% | 225.6% | - | -7889.86% | - | - | -705.51% | - | 79.47% | -6425.56% |
| Operating Income Growth % | -18.21% | -84.17% | -262.78% | -27.77% | 26.98% | -164.86% | 159.59% | 62.65% | 16.76% | 174.28% | -1.27% | -142.93% | -12.14% | -38.54% | -120.03% | 17.95% | -17.97% | -0.55% | 366.24% | 19.23% |
| EBITDA | -2.83M | -3.83M | -2.5M | -3.34M | -2.39M | -2.07M | 1.56M | -2.62M | -3.28M | 3.23M | -2.59M | -7.04M | -3.95M | -4.33M | -2.56M | -2.9M | -3.52M | -3.13M | 12.78M | -3.04M |
| EBITDA Margin % | -1487.43% | -3211.68% | -218.51% | -2919.45% | -383.44% | -2210.23% | 44.71% | - | -3666.67% | 42.42% | -1195.88% | 225.36% | - | -7881.09% | - | - | -704.99% | - | 79.48% | -5521.44% |
| EBITDA Growth % | -18.4% | -84.84% | -260.33% | -27.57% | 27.28% | -164.21% | 160.38% | 62.73% | 16.81% | 174.55% | -1.06% | -142.88% | -11.99% | -38.46% | -120.01% | 4.6% | 47.79% | 5.12% | 366.31% | 30.58% |
| D&A (Non-Cash Add-back) | 14.65K | 14.81K | 13K | 16.11K | 16.11K | 15.57K | 15.57K | 8.51K | 8.51K | 8.51K | 8K | 7.75K | 8.09K | 4.82K | 2.58K | 2.58K | 2.58K | 1.72K | 380 | 0 |
| EBIT | -2.62M | -3.67M | -2.37M | -3.19M | -2.21M | -1.86M | 1.78M | -2.22M | -3.07M | 3.51M | -2.28M | -7.04M | -3.96M | -4.34M | -2.23M | -2.41M | -2.62M | -3.47M | 12.66M | -3.04M |
| Net Interest Income | 219.85K | 177.57K | 145.72K | 174.21K | 198.64K | 225.51K | 233.12K | 273.57K | 308.85K | 331.36K | 299.38K | 317.57K | 379.52K | 370.47K | 297.16K | 163.97K | 62.31K | 22.05K | -9.61K | -27.57K |
| Interest Income | 219.85K | 177.57K | 145.72K | 174.21K | 198.64K | 225.51K | 233.12K | 273.57K | 308.85K | 331.36K | 299.38K | 317.57K | 379.52K | 370.47K | 297.16K | 163.97K | 69.88K | 22.05K | 22.44K | 17.26K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.57K | 0 | 32.05K | 44.84K |
| Other Income/Expense | 219.85K | 177.57K | 145.72K | 174.21K | 198.64K | 225.51K | 236.7K | 411.65K | 224.41K | 291.29K | 311.65K | 392.4K | 406.98K | 468.6K | 331.4K | 490.21K | 895.75K | -355.94K | -159.93K | 452.38K |
| Pretax Income | -2.62M | -3.67M | -2.37M | -3.19M | -2.21M | -1.86M | 1.78M | -2.22M | -3.07M | 3.51M | -2.28M | -6.65M | -3.55M | -3.87M | -2.23M | -2.41M | -2.63M | -3.49M | 12.62M | -3.08M |
| Pretax Margin % | -1379.49% | -3075.37% | -206.92% | -2781.46% | -354.13% | -1986.57% | 51.04% | - | -3425.62% | 46.13% | -1055.42% | 213.04% | - | -7037.7% | - | - | -526.36% | - | 78.48% | -5602.97% |
| Income Tax | 200 | 0 | 0 | 0 | 0 | 200 | 0 | 0 | 481 | 200 | 555 | 0 | 0 | 200 | 481 | 0 | 0 | 200 | 0 | 0 |
| Effective Tax Rate % | -0.01% | 0% | 0% | 0% | 0% | -0.01% | 0% | 0% | -0.02% | 0.01% | -0.02% | 0% | 0% | -0.01% | -0.02% | 0% | 0% | -0.01% | 0% | 0% |
| Net Income | -2.62M | -3.67M | -2.37M | -3.19M | -2.21M | -1.86M | 1.78M | -2.22M | -3.07M | 3.51M | -2.28M | -6.65M | -3.55M | -3.87M | -2.23M | -2.41M | -2.63M | -3.49M | 12.62M | -3.08M |
| Net Margin % | -1379.59% | -3075.37% | -206.92% | -2781.46% | -354.13% | -1986.78% | 51.04% | - | -3426.15% | 46.13% | -1055.68% | 213.04% | - | -7038.06% | - | - | -526.36% | - | 78.48% | -5602.97% |
| Net Income Growth % | -18.9% | -96.9% | -232.99% | -43.63% | 28.12% | -153.08% | 178.09% | 66.64% | 13.53% | 190.79% | -2.35% | -176.07% | -34.84% | -10.97% | -117.66% | 21.81% | 61.35% | -3.55% | 379.83% | 28.56% |
| Net Income (Continuing) | -2.62M | -3.67M | -2.37M | -3.19M | -2.21M | -1.86M | 1.78M | -2.22M | -3.07M | 3.51M | -2.28M | -6.65M | -3.55M | -3.87M | -2.23M | -2.41M | -2.63M | -3.49M | 12.62M | -3.08M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.32 | -0.54 | -0.42 | -0.59 | -0.41 | -0.35 | 0.32 | -0.41 | -0.57 | 0.66 | -0.43 | -1.26 | -0.68 | -0.74 | -0.43 | -0.46 | -0.61 | -0.67 | 2.43 | -0.68 |
| EPS Growth % | 21.95% | -54.29% | -231.25% | -43.9% | 28.07% | -153.03% | 174.42% | 67.46% | 16.18% | 189.19% | 0% | -173.91% | -11.48% | -10.45% | -117.7% | 32.35% | 54.48% | 4.29% | 311.3% | 42.86% |
| EPS (Basic) | -0.32 | -0.54 | -0.42 | -0.59 | -0.41 | -0.35 | 0.33 | -0.41 | -0.57 | 0.66 | -0.43 | -1.27 | -0.68 | -0.76 | -0.43 | -0.52 | -0.50 | -0.67 | 2.43 | -0.59 |
| Diluted Shares Outstanding | 8.22M | 6.79M | 5.71M | 5.41M | 5.35M | 5.35M | 5.42M | 5.35M | 5.34M | 5.36M | 5.32M | 5.29M | 5.23M | 5.23M | 5.23M | 5.25M | 5.26M | 5.19M | 5.23M | 5.23M |
| Basic Shares Outstanding | 8.22M | 6.79M | 5.45M | 5.41M | 5.35M | 5.35M | 5.34M | 5.35M | 5.34M | 5.32M | 5.29M | 5.23M | 5.19M | 5.11M | 5.16M | 4.62M | 4.31M | 5.19M | 5.19M | 4.53M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |