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Companies/Lipocine Inc.
Company profile

Lipocine Inc.

NASDAQ: LPCN · Healthcare · Biotechnology
PublicHQ Salt Lake City, UT · Salt LakeCIK 0001535955Reports USD
#792 of 1,394 Healthcare companies by revenuebottom-quartile growth
EA Score
49D
FH 39DQ 69GM 37SS 47
v0.1 · 65/100 weight · provisional
↑ balance-sheet leverage, filing timeliness · ↓ Piotroski F, revenue growth (YoY)
Methodology →
Revenue TTM
$2.0M
Rev growth YoY (TTM)
-45.5%
Net income (FY)
-$9.6M
Employees
16
Market cap
$13.9M
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$2.0M$2.0M2025
Net income-$9.6M-$9.6M2025
Operating income-$10.4M-$10.4M2025
Total assets$17.0M$17.0M2025
Liabilities$2.5M$2.5M2025
Equity$14.5M$14.5M2025

Revenue trend

FY2018 – FY2025 · USD
$428.0k
FY18
$165.0k
FY19
$0
FY21
$16.1M
FY22
$500.0k
FY22
-$2.9M
FY23
$11.2M
FY24
$2.0M
FY25

Revenue by segment

Filed disclosures · FY2024
By product
Royalty100%
By geography

Not disclosed.

The read

Lipocine Inc. booked $2.0M in FY2025 revenue, contracting 82% year over year — slower than 89% of Healthcare companies we track, at a -487.1% net margin.

Peers · Healthcare
SeaStar Medical Holding Corporation31DFinch Therapeutics Group, Inc.——Longeveron Inc.29DIN8bio, Inc.——
Neighbors
Salt Lake →
Extra Space Storage Inc.$129.5M66BZions Bancorporation, National Association$529.0M57CHealthEquity, Inc.$1.3B82B+Merit Medical Systems, Inc.$1.5B83B+Rest Ez Inc.$0——PROG Holdings, Inc.$2.4B72B
Key facts
CEOMahesh V. Patel
SectorHealthcare
IndustryBiotechnology
HeadquartersSalt Lake City, UT
ExchangeNASDAQ: LPCN
Employees16
IPO date2013-10-22
Latest filings
8-K2026-06-128-K2026-06-048-K2026-06-048-K2026-05-268-K2026-05-198-K2026-05-188-K2026-05-078-K2026-05-07
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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