Lipocine annual r&d spending
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Lipocine R&D Spending Growth & History (LPCN)
Lipocine's r&d spending was $5.1M for fiscal 2025.
View full Lipocine company overviewLipocine annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $5.1M | $1.0M | +24.39% |
| 2024 | 2024-12-31 | $4.1M | −$2.6M | −38.81% |
| 2023 | 2023-12-31 | $6.7M | $1.1M | +19.64% |
| 2022 | 2022-12-31 | $5.6M | $700,000 | +14.29% |
| 2021 | 2021-12-31 | $4.9M | −$1.9M | −27.94% |
| 2020 | 2020-12-31 | $6.8M | −$668,210 | −8.95% |
| 2019 | 2019-12-31 | $7.5M | $1.0M | +15.52% |
| 2018 | 2018-12-31 | $6.5M | −$4.5M | −41.25% |
| 2017 | 2017-12-31 | $11.0M | $2.9M | +36.26% |
| 2016 | 2016-12-31 | $8.1M | −$4.5M | −35.80% |
| 2015 | 2015-12-31 | $12.6M | −$2.9M | −18.73% |
| 2014 | 2014-12-31 | $15.5M | $10.4M | +202.16% |
| 2013 | 2013-12-31 | $5.1M | $2.8M | +124.57% |
| 2012 | 2012-12-31 | $2.3M | — | — |
Lipocine quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.2M | −$100,000 | −7.69% |
| Q1 2026 | 2026-03-31 | $1.8M | $1.7M | +1551.38% |
| Q4 2025 | 2025-12-31 | $1.6M | $1.2M | +341.94% |
| Q3 2025 | 2025-09-30 | $2.1M | $1.4M | +183.78% |
| Q2 2025 | 2025-06-30 | $1.3M | $200,000 | +18.18% |
| Q1 2025 | 2025-03-31 | $109,000 | −$1.8M | −94.26% |
| Q4 2024 | 2024-12-31 | $360,000 | −$440,000 | −55.00% |
| Q3 2024 | 2024-09-30 | $740,000 | −$1.4M | −64.76% |
| Q2 2024 | 2024-06-30 | $1.1M | −$600,000 | −35.29% |
| Q1 2024 | 2024-03-31 | $1.9M | −$200,000 | −9.52% |
| Q4 2023 | 2023-12-31 | $800,000 | −$300,000 | −27.27% |
| Q3 2023 | 2023-09-30 | $2.1M | $700,000 | +50.00% |
| Q2 2023 | 2023-06-30 | $1.7M | −$400,000 | −19.05% |
| Q1 2023 | 2023-03-31 | $2.1M | $1.1M | +110.00% |
| Q4 2022 | 2022-12-31 | $1.1M | −$377,000 | −25.52% |
| Q3 2022 | 2022-09-30 | $1.4M | −$400,000 | −22.22% |
| Q2 2022 | 2022-06-30 | $2.1M | $1.3M | +167.18% |
| Q1 2022 | 2022-03-31 | $1.0M | $163,000 | +19.47% |
| Q4 2021 | 2021-12-31 | $1.5M | $188,754 | +14.65% |
| Q3 2021 | 2021-09-30 | $1.8M | $0 | 0.00% |
| Q2 2021 | 2021-06-30 | $786,000 | −$414,000 | −34.50% |
| Q1 2021 | 2021-03-31 | $837,000 | −$1.7M | −66.68% |
| Q4 2020 | 2020-12-31 | $1.3M | −$552,580 | −30.02% |
| Q3 2020 | 2020-09-30 | $1.8M | $86,583 | +5.05% |
| Q2 2020 | 2020-06-30 | $1.2M | −$764,146 | −38.90% |
| Q1 2020 | 2020-03-31 | $2.5M | $561,933 | +28.82% |
| Q4 2019 | 2019-12-31 | $1.8M | −$341,058 | −15.63% |
| Q3 2019 | 2019-09-30 | $1.7M | $290,498 | +20.42% |
| Q2 2019 | 2019-06-30 | $2.0M | $481,768 | +32.50% |
| Q1 2019 | 2019-03-31 | $1.9M | $572,294 | +41.55% |
| Q4 2018 | 2018-12-31 | $2.2M | $414,772 | +23.47% |
| Q3 2018 | 2018-09-30 | $1.4M | −$623,614 | −30.47% |
| Q2 2018 | 2018-06-30 | $1.5M | −$2.6M | −63.91% |
| Q1 2018 | 2018-03-31 | $1.4M | −$1.7M | −55.33% |
| Q4 2017 | 2017-12-31 | $1.8M | $438,732 | +33.03% |
| Q3 2017 | 2017-09-30 | $2.0M | $539,952 | +35.84% |
| Q2 2017 | 2017-06-30 | $4.1M | $1.5M | +59.94% |
| Q1 2017 | 2017-03-31 | $3.1M | $410,348 | +15.35% |
| Q4 2016 | 2016-12-31 | $1.3M | −$1.4M | −51.97% |
| Q3 2016 | 2016-09-30 | $1.5M | −$3.2M | −68.17% |
| Q2 2016 | 2016-06-30 | $2.6M | −$594,207 | −18.79% |
| Q1 2016 | 2016-03-31 | $2.7M | $754,696 | +39.33% |
| Q4 2015 | 2015-12-31 | $2.8M | −$124,339 | −4.30% |
| Q3 2015 | 2015-09-30 | $4.7M | $1.5M | +45.81% |
| Q2 2015 | 2015-06-30 | $3.2M | −$2.8M | −47.07% |
| Q1 2015 | 2015-03-31 | $1.9M | −$1.5M | −43.05% |
| Q4 2014 | 2014-12-31 | $2.9M | $425,164 | +17.25% |
| Q3 2014 | 2014-09-30 | $3.2M | $1.7M | +106.92% |
| Q2 2014 | 2014-06-30 | $6.0M | $5.5M | +1245.89% |
| Q1 2014 | 2014-03-31 | $3.4M | $2.7M | +422.24% |
| Q4 2013 | 2013-12-31 | $2.5M | — | — |
| Q3 2013 | 2013-09-30 | $1.6M | $1.0M | +186.40% |
| Q2 2013 | 2013-06-30 | $443,857 | — | — |
| Q1 2013 | 2013-03-31 | $645,110 | — | — |
| Q3 2012 | 2012-09-30 | $547,821 | — | — |
Lipocine r&d spending trends
Over the last five fiscal years, Lipocine's r&d spending decreased from $6.8M to $5.1M, a change of −$1.7M. The latest reported quarter, Q2 2026, shows $1.2M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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