LPCN — Lipocine Inc.

Nasdaq · Health Care · Pharmaceuticals · CIK 1535955 ·
Last close
$2.26
Market Cap
$18.63M
52W High
$10.46
52W Low
$1.81
ADV30
182,217
Next earnings
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. It also develops LPCN 1154 (BRLIZIO), an oral neuro-steroid in a Phase 3 pivotal trial for postpartum depression; LPCN 1148, a prodrug of testosterone and testosterone laurate that has completed a Phase 2 trial for the management of decompensated cirrhosis; LPCN 1107, an oral hydroxy progesterone caproate product that has completed a Phase 2 trial for the prevention of recurrent preterm birth; LPCN 1144, an oral prodrug of bioidentical testosterone that has completed a Phase 2 trial for pre-cirrhotic non-alcoholic steatohepatitis; and LPCN 2401, an oral formulation comprising a proprietary anabolic androgen receptor agonist that is in a Phase 2 trial to manage incretin mimetic use in obesity management. In addition, the company is developing LPCN 2201, an oral brexanolone formulation that has completed a Phase 1 trial for major depressive disorders; LPCN 2203, an oral candidate that has completed a Phase 1 trial for management of essential tremor; and LPCN 2101, a neuroactive steroids (NAS) candidate that has completed a Phase 1 trial for drug-resistant epilepsy and women with epilepsy. The company's products focus on neurological and psychiatric central nervous system (CNS) disorders, liver disease, and hormone supplementation in the United States. It has a collaboration with Verity Pharmaceuticals, Inc. to develop and commercialize TLANDO; and TLANDO XR (LPCN 1111), a once-daily oral product candidate that has completed a Phase 2 trial for testosterone replacement therapy. Lipocine Inc. was founded in 1997 and is headquartered in Salt Lake City, Utah.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Mar 2026 119,397 -3,849,464 -3,671,894 25,358,166 5,015,608 2,527,843
Dec 2025 1,145,390 -2,515,801 -2,370,084 17,005,612 5,205,842 2,528,196
Sep 2025 114,574 -3,361,040 -3,186,832 16,073,167 3,901,040 1,931,119
Jun 2025 622,849 -1,513,920 -2,404,353 -2,205,716 18,577,193 6,043,980 1,448,773

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$-9,760,721
Investing CF
$5,891,085
Financing CF
$2,869,552
CapEx
$-10,019
Dividends Paid
Buybacks
EPS Diluted TTM
$-1.79
As of
2026-05-10

Balance + Analyst (yfinance extras)

Retained Earnings
$-209,396,367
Inventory
Receivables
$1,159,579
ST Investments
$9,724,545
EBIT TTM
$-10,371,378
Pretax Income TTM
$-9,627,305
Interest Exp TTM
Analysts
1

Yahoo Snapshot (yfinance, live)

Total Revenue
$2,002,210
EBITDA
$-12,070,633
Free Cash Flow
$-5,964,590
Enterprise Value
$-6,097,059
Total Cash
$24,729,072
Total Debt
$0
Shares Out
8,244,253
Trailing EPS
$-1.96
Book Value
$3.05
ROE
-54.4%
ROA
-33.1%
Div Yield

Annual Trend (SEC EDGAR, last 5y)

Revenues vs Net Income (last 5y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2025 1,976,677 -10,371,379 -9,627,505 17,005,612 2,528,196 -9,760,721
Dec 2024 11,198,144 -1,155,035 8,352 22,510,501 1,512,936 -1,221,233
Dec 2023 -2,850,818 -17,930,957 -16,352,082 23,001,072 2,631,629 -11,865,991
Dec 2022 500,000 -12,119,375 -10,758,636 37,542,922 1,907,982 -11,968,819
Dec 2021

TTM Snapshot

Revenues TTM
NetIncome TTM
OpCashFlow TTM
Assets (Latest)
Forward EPS
$-1.24

Peers — same industry

TickerNameMarket CapLastDaily %
CTXR Citius Pharmaceuticals, Inc. $19.13M $0.70
GRTX Galera Therapeutics, Inc. $19.33M $0.10
APUS Apimeds Pharmaceuticals US, Inc. $17.86M $1.42
HCWB HCW Biologics Inc. $17.64M $2.62
AEON AEON Biopharma, Inc. $20.26M $0.77

News headlines (Yahoo Finance, 1h cache)

Lipocine Announces LPCN 1154 Phase 3 Data Accepted for Oral Presentation at 2026 ASCP Annual Meeting
2026-05-19 12:00 · Yahoo
Lipocine to Present at A.G.P.'s Annual Virtual Healthcare Company Showcase
2026-05-18 12:00 · Yahoo
Lipocine Announces Financial Results for the First Quarter Ended March 31, 2026
2026-05-07 20:05 · Yahoo
Lipocine (LPCN) Reports Q1 Loss, Beats Revenue Estimates
2026-05-07 19:15 · Yahoo
BioCryst Pharmaceuticals (BCRX) Reports Q1 Loss, Beats Revenue Estimates
2026-05-06 13:30 · Yahoo
Lipocine Reports Topline Safety and Efficacy Results for LPCN 1154 in Patients with Postpartum Depression
2026-04-02 12:00 · Yahoo
Lipocine Announces Financial Results for the Full Year Ended December 31, 2025
2026-03-10 12:00 · Yahoo
Lipocine: Q4 Earnings Snapshot
2026-03-10 10:25 · Yahoo
Lipocine (LPCN) Soars 5.5%: Is Further Upside Left in the Stock?
2026-02-27 12:44 · Yahoo
Relay Therapeutics, Inc. (RLAY) Reports Q4 Loss, Lags Revenue Estimates
2026-02-26 23:00 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.