Lipocine annual operating expenses
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Lipocine Operating Expenses Growth & History (LPCN)
Lipocine's operating expenses was $12.3M for fiscal 2025.
View full Lipocine company overviewLipocine annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $12.3M | −$5,123 | −0.04% |
| 2024 | 2024-12-31 | $12.4M | −$2.7M | −18.08% |
| 2023 | 2023-12-31 | $15.1M | $2.5M | +19.50% |
| 2022 | 2022-12-31 | $12.6M | −$375,960 | −2.89% |
| 2021 | 2021-12-31 | $13.0M | −$5.0M | −27.79% |
| 2020 | 2020-12-31 | $18.0M | $4.9M | +37.74% |
| 2019 | 2019-12-31 | $13.1M | $1.3M | +11.16% |
| 2018 | 2018-12-31 | $11.8M | −$9.5M | −44.60% |
| 2017 | 2017-12-31 | $21.2M | $2.0M | +10.59% |
| 2016 | 2016-12-31 | $19.2M | $804,766 | +4.38% |
| 2015 | 2015-12-31 | $18.4M | −$2.1M | −10.25% |
| 2014 | 2014-12-31 | $20.5M | $9.8M | +91.70% |
| 2013 | 2013-12-31 | $10.7M | $6.9M | +178.77% |
| 2012 | 2012-12-31 | $3.8M | — | — |
Lipocine quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $3.0M | $5,143 | +0.17% |
| Q1 2026 | 2026-03-31 | $4.0M | $1.8M | +81.72% |
| Q4 2025 | 2025-12-31 | $3.7M | $1.7M | +88.15% |
| Q3 2025 | 2025-09-30 | $3.5M | $845,141 | +32.13% |
| Q2 2025 | 2025-06-30 | $3.0M | −$354,931 | −10.49% |
| Q1 2025 | 2025-03-31 | $2.2M | −$2.2M | −50.30% |
| Q4 2024 | 2024-12-31 | $1.9M | −$863,613 | −30.74% |
| Q3 2024 | 2024-09-30 | $2.6M | −$1.3M | −32.92% |
| Q2 2024 | 2024-06-30 | $3.4M | −$573,472 | −14.50% |
| Q1 2024 | 2024-03-31 | $4.4M | $1,022 | +0.02% |
| Q4 2023 | 2023-12-31 | $2.8M | $248,708 | +9.71% |
| Q3 2023 | 2023-09-30 | $3.9M | $1.0M | +35.25% |
| Q2 2023 | 2023-06-30 | $4.0M | −$71,926 | −1.79% |
| Q1 2023 | 2023-03-31 | $4.4M | $1.3M | +40.30% |
| Q4 2022 | 2022-12-31 | $2.6M | −$741,063 | −22.44% |
| Q3 2022 | 2022-09-30 | $2.9M | −$689,296 | −19.21% |
| Q2 2022 | 2022-06-30 | $4.0M | $1.0M | +34.69% |
| Q1 2022 | 2022-03-31 | $3.1M | $17,147 | +0.55% |
| Q4 2021 | 2021-12-31 | $3.3M | −$1.5M | −31.23% |
| Q3 2021 | 2021-09-30 | $3.6M | −$786,389 | −17.97% |
| Q2 2021 | 2021-06-30 | $3.0M | −$1.2M | −29.18% |
| Q1 2021 | 2021-03-31 | $3.1M | −$1.5M | −32.25% |
| Q4 2020 | 2020-12-31 | $4.8M | $1.4M | +39.25% |
| Q3 2020 | 2020-09-30 | $4.4M | $1.2M | +39.30% |
| Q2 2020 | 2020-06-30 | $4.2M | $871,916 | +26.02% |
| Q1 2020 | 2020-03-31 | $4.6M | $1.5M | +47.07% |
| Q4 2019 | 2019-12-31 | $3.4M | $276,883 | +8.73% |
| Q3 2019 | 2019-09-30 | $3.1M | $787,622 | +33.47% |
| Q2 2019 | 2019-06-30 | $3.4M | $186,194 | +5.88% |
| Q1 2019 | 2019-03-31 | $3.1M | $60,731 | +1.98% |
| Q4 2018 | 2018-12-31 | $3.2M | −$2.2M | −41.30% |
| Q3 2018 | 2018-09-30 | $2.4M | −$2.4M | −50.63% |
| Q2 2018 | 2018-06-30 | $3.2M | −$3.0M | −48.47% |
| Q1 2018 | 2018-03-31 | $3.1M | −$1.8M | −37.56% |
| Q4 2017 | 2017-12-31 | $5.4M | $2.4M | +79.18% |
| Q3 2017 | 2017-09-30 | $4.8M | $1.5M | +45.03% |
| Q2 2017 | 2017-06-30 | $6.1M | $325,498 | +5.60% |
| Q1 2017 | 2017-03-31 | $4.9M | −$2.2M | −30.57% |
| Q4 2016 | 2016-12-31 | $3.0M | −$1.7M | −35.80% |
| Q3 2016 | 2016-09-30 | $3.3M | −$3.1M | −48.92% |
| Q2 2016 | 2016-06-30 | $5.8M | $1.5M | +35.94% |
| Q1 2016 | 2016-03-31 | $7.1M | $4.1M | +137.72% |
| Q4 2015 | 2015-12-31 | $4.7M | $635,819 | +15.66% |
| Q3 2015 | 2015-09-30 | $6.4M | $2.3M | +56.23% |
| Q2 2015 | 2015-06-30 | $4.3M | −$2.7M | −38.97% |
| Q1 2015 | 2015-03-31 | $3.0M | −$2.3M | −43.80% |
| Q4 2014 | 2014-12-31 | $4.1M | −$352,227 | −7.98% |
| Q3 2014 | 2014-09-30 | $4.1M | $572,586 | +16.15% |
| Q2 2014 | 2014-06-30 | $7.0M | $5.6M | +410.45% |
| Q1 2014 | 2014-03-31 | $5.3M | $3.9M | +291.42% |
| Q4 2013 | 2013-12-31 | $4.4M | — | — |
| Q3 2013 | 2013-09-30 | $3.5M | — | — |
| Q2 2013 | 2013-06-30 | $1.4M | — | — |
| Q1 2013 | 2013-03-31 | $1.4M | — | — |
Lipocine operating expenses trends
Over the last five fiscal years, Lipocine's operating expenses decreased from $18.0M to $12.3M, a change of −$5.6M. The latest reported quarter, Q2 2026, shows $3.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Lipocine source filings ↗