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Nocopi Technologies (NNUP) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Nocopi Technologies (NNUP) Q2 2026 earnings results →
Q2 2026 Revenue up 167% year over year to $961K · 49¢ of every $1 of revenue lost · operating margin -59.1%
Nocopi Technologies made $961K in Q2 2026 (+167% Y/Y): Product and Other Sales $895K, License $66K. Operating margin -59.1%, net loss $472K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
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What changed this quarter
Revenue was $1.0M in Q2 2026, up 167% year over year and up 147% from the previous quarter. Product and Other Sales was the largest line at 93% of revenue. Product and Other Sales added $675K year over year (up 307%), 112% of the total change. License declined 53%.
Gross margin was 37.2%, down 16.0 points from Q2 2025. Operating costs exceeded revenue by $568K, an operating margin of -59.1%. Operating expenses grew 154% against revenue growth of 167%. The fastest-growing cost line was General & admin (+262%). The quarter ended with a net loss of $472K, wider than the previous quarter's $62K loss. Non-operating items added $96K, -20% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $324K (up 279% year over year). Non-cash charges added back $10K of depreciation and $41K of share-based compensation. Working capital and other items added $745K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $961K | +167% | -59.1% | −$472K | $324K |
| Q1 2026 | 10-Q | May 15, 2026 | $390K | -19% | -41.4% | −$62K | −$27K |
| Q4 2025 | 10-K | Mar 31, 2026 | $269K | -55% | -74.5% | −$95K | $56K |
| Q3 2025 | 10-Q | Nov 12, 2025 | $386K | -42% | -37.0% | −$27K | $203K |
| Q2 2025 | 10-Q | Aug 11, 2025 | $360K | -22% | -47.9% | −$59K | $86K |
| Q1 2025 | 10-Q | May 13, 2025 | $479K | +20% | -17.9% | $26K | $370K |
| Q4 2024 | 10-K | Mar 25, 2025 | $592K | +86% | -87.1% | −$394K | −$101K |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Nocopi Technologies
Nocopi Technologies, Inc. develops and markets specialty reactive inks for multiple applications across various industries. Our specialty inks are used by our customers for a range of purposes from bringing entertainment products to life with a variety of color activations to providing document and brand authentication for security purposes aimed at reducing losses caused by fraudulent document reproduction or by product counterfeiting and/or diversion. Our primary markets are the large educational and toy products industry and the document and product authentication industry. We derive our revenues primarily from licensing our technologies on an exclusive or non-exclusive basis to licensees who incorporate our technologies into their product offering and from selling products incorporating our technologies to our licensees or to their licensed printers.
In its own words, from its 10-K, filed Mar 31, 2026.
Nocopi Technologies against its Games, Toys & Children's Vehicles (No Dolls & Bicycles) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +167% against the peers' median +20%. Operating margin: -59.1% against the peers' median 14.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NNUP Nocopi Technologies | Q2 2026 | $961K | +167% | -59.1% |
| HAS Hasbro | Q3 2026 | $1.6B | +0.3% | 32.4% |
| FNKO Funko | Q3 2026 | $258M | +3% | 5.8% |
| JAKK Jakks Pacific | Q3 2026 | $254M | +20% | 14.7% |
Source: Nocopi Technologies 10-Q on SEC EDGAR · CIK 888981 · Games, Toys & Children's Vehicles (No Dolls & Bicycles)
More on NNUP
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results