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How Lipocine (LPCN) makes money

Lipocine (LPCN) made $2.3M of revenue in the third quarter 2026 (Q3 2026), up 20-fold from a year earlier.

Drawing the Sankey…

Lipocine revenue by quarterLipocine revenue by quarter$94KQ1 2025$623KQ2 2025$115KQ3 2025$1.1MQ4 2025$119KQ1 2026$190KQ2 2026$2.3MQ3 2026

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$2.3M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$2.3M20×
Q2 2026$190K-70%
Q1 2026$119K+27%
Q4 2025$1.1M-67%
Q3 2025$115K—
Q2 2025$623K+595%
Q1 2025$94K-99%

From Lipocine's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Lipocine make money?

Lipocine (LPCN) made $2.3M of revenue in the third quarter 2026 (Q3 2026), up 20-fold from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.