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Lipocine Inc. (LPCN) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Healthcare · Biotechnology · DATA UPDATED 2026-07-20

Lipocine Inc. (LPCN) operates in the Biotechnology industry and is headquartered in Salt Lake City, United States with about 14 employees. Its market capitalization is roughly $18 million. In the fiscal year ended 2025-12-31, LPCN reported $2M in revenue and ($10M) in net income.

Lipocine Inc., a clinical-stage biopharmaceutical company, engages in the research and development for the delivery of drugs using its proprietary delivery technology. The company offers TLANDO, an oral testosterone replacement therapy (TRT) comprising testosterone undecanoate.

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LPCN Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$2M$11M($3M)$0M
Gross Profit($7M)$4M($13M)($8M)
Operating Income (EBIT)($10M)($1M)($18M)($12M)
Net Income($10M)$0M($16M)($11M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

LPCN Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Total Revenue$0M$1M$0M$1M$0M
Gross Profit($2M)
Operating Income (EBIT)($4M)($2M)($3M)($2M)($2M)
Net Income($4M)($2M)($3M)($2M)($2M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

LPCN Free Cash Flow History

LPCN Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$17M$22M$23M$38M
Total Liabilities$2M$2M$3M$2M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive LPCN viewer.

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