Filing Flows › Nocopi Technologies (NNUP) › Q3 2025
Nocopi Technologies (NNUP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Nocopi Technologies (NNUP) reported revenue of $386K for the third quarter 2025 (Q3 2025), -42% from a year earlier and +7% from the quarter before. Operating margin was -37.0%, net loss $27K (6.9% of revenue).
Nocopi Technologies, Q3 2025: revenue $386K (-42% year over year), operating margin -37.0%, net loss $27K, operating cash flow $203K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $386K | +7% | -42% |
| Operating profit | −$143K | — | — |
| Net earnings | −$27K | — | — |
| Operating cash flow | $203K | +137% | -54% |
What changed
Revenue was $386K in Q3 2025, down 42% year over year and up 7% from the previous quarter. Productand Other Sales was the largest line at 71% of revenue. Productand Other Sales lost $241K year over year (down 47%), 85% of the total change.
Gross margin was 46.0%, down 10.9 points from a year earlier. Operating costs exceeded revenue by $143K, an operating margin of -37.0%. Operating expenses fell 63% while revenue fell 42%. The quarter ended with a net loss of $27K, narrower than the previous quarter's $59K loss. Non-operating items added $116K, -432% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $203K (down 54% year over year). Non-cash charges added back $2K of depreciation and amortization and $24K of share-based compensation. Working capital and other items added $204K.
Questions
What was Nocopi Technologies' revenue in the third quarter 2025?
Nocopi Technologies (NNUP) reported revenue of $386K for the third quarter 2025 (Q3 2025), -42% from a year earlier and +7% from the quarter before.
Was Nocopi Technologies profitable in the third quarter 2025?
Operating loss was $143K (-37.0% of revenue) and net loss $27K.