Revenue
2012
2013
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Lipocine Inc. (LPCN)
Price$2.43Cached quote
Net income
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2012
2013
2014
2015
2016
2017
2018
2021
2022
2023
2024
Total cash / debt
CashTotal debt
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0M | $11.2M | −$2.9M | $500,000 | $16.1M | $0 | $164,990 | $428,031 | $0 | $0 | — | — | $0 | $7.7M | — |
| Research & development | $5.1M | $4.1M | $6.7M | $5.6M | $4.9M | $6.8M | $7.5M | $6.5M | $11.0M | $8.1M | $12.6M | $15.5M | $5.1M | $2.3M | — |
| Operating expenses | $12.3M | $12.4M | $15.1M | $12.6M | $13.0M | $18.0M | $13.1M | $11.8M | $21.2M | $19.2M | $18.4M | $20.5M | $10.7M | $3.8M | — |
| Operating income | −$10.4M | −$1.2M | −$17.9M | −$12.1M | $3.1M | −$18.0M | −$12.9M | −$11.3M | −$21.2M | −$19.2M | −$18.4M | −$20.5M | −$10.7M | $3.9M | — |
| Operating margin | −524.69% | −10.31% | — | −2,423.88% | 19.49% | — | −7,818.83% | −2,646.03% | — | — | — | — | — | 50.29% | — |
| EBITDA | −$10.3M | −$1.1M | −$17.9M | −$12.1M | $3.1M | −$18.0M | −$12.9M | −$11.3M | −$21.2M | −$19.2M | −$18.4M | −$20.5M | −$10.7M | $3.9M | — |
| EBITDA margin | −521.61% | −9.95% | — | −2,421.98% | 19.49% | — | −7,809.47% | −2,641.68% | — | — | — | — | — | 50.84% | — |
| Net income | −$9.6M | $8,352 | −$16.4M | −$10.8M | −$634,399 | −$21.0M | −$13.0M | −$11.7M | −$21.0M | −$19.0M | −$18.2M | −$20.4M | −$10.6M | $3.9M | −$5,162 |
| Net profit margin | −487.06% | 0.07% | — | −2,151.73% | −3.93% | — | −7,883.72% | −2,724.11% | — | — | — | — | — | 50.42% | — |
| Basic EPSper basic share | -$1.77 | $0.00 | -$3.10 | -$2.06 | -$0.01 | -$0.38 | -$0.50 | -$0.55 | -$1.05 | -$1.04 | -$1.11 | -$1.60 | -$1.44 | $0.85 | — |
| Diluted EPSper diluted share | -$1.69 | $0.00 | -$3.14 | -$2.15 | -$0.01 | -$0.38 | -$0.50 | -$0.55 | -$1.05 | -$1.04 | -$1.11 | -$1.60 | -$1.44 | $0.85 | — |
Owners
Reported shareholders
9.83%of listed shares
Squadron Capital Management LLC810K shares · Jun 30, 2026
View holders
| Holder | % owned |
|---|---|
Squadron Capital Management LLC | 9.83%810K shares |
Ikarian Capital, LLC | 6.17%508.56K shares |
Eversept Partners, LP | 3.58%294.99K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.80%230.82K shares |
Higuchi John W. | ≈2.47%203.8K shares |
ACADIAN ASSET MANAGEMENT LLC | 2.07%170.42K shares |
Patel Mahesh V. | ≈1.95%160.68K shares |
BOOTHBAY FUND MANAGEMENT, LLC | 1.70%140.49K shares |
JANE STREET GROUP, LLC | 1.16%95.23K shares |
BlackRock, Inc. | 1.08%89.27K shares |
TWO SIGMA INVESTMENTS, LP | 1.03%84.89K shares |
CITADEL ADVISORS LLC | 0.99%81.22K shares |
Seven Fleet Capital Management LP | 0.96%78.84K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.90%74.48K shares |
RENAISSANCE TECHNOLOGIES LLC | 0.84%69.21K shares |
VANGUARD FIDUCIARY TRUST CO | 0.66%54.54K shares |
DIMENSIONAL FUND ADVISORS LP | 0.45%36.78K shares |
HRT FINANCIAL LP | 0.35%29.24K shares |
SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0.31%25.38K shares |
STATE STREET CORP | 0.27%22.41K shares |
Percentages use 8.24M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Apr 7, 2026Form 4 | Higuchi John W.Director | BuyCommon stock | 40.0K | $2.03 | $81.2K | 203.8K |
| Apr 6, 2026Form 4 | Higuchi John W.Director | BuyCommon stock | 123.0K | $2.05 | $252.1K | 163.8K |
| Apr 6, 2026Form 4 | Patel Mahesh V.Chief Executive Officer | BuyCommon stock | 25.0K | $2.03 | $50.7K | 160.7K |
| Apr 2, 2026Form 4 | Patel Mahesh V.Chief Executive Officer | BuyCommon stock | 25.0K | $2.02 | $50.5K | 135.7K |