Filing Flows › Nocopi Technologies (NNUP) › Q4 2025
Nocopi Technologies (NNUP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Nocopi Technologies (NNUP) reported revenue of $269K for the fourth quarter 2025 (Q4 2025), -55% from a year earlier and -30% from the quarter before. Operating margin was -74.5%, net loss $95K (35.3% of revenue).
Nocopi Technologies, Q4 2025: revenue $269K (-55% year over year), operating margin -74.5%, net loss $95K, operating cash flow $56K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $269K | -30% | -55% |
| Operating profit | −$200K | — | — |
| Net earnings | −$95K | — | — |
| Operating cash flow | $56K | -72% | — |
What changed
Revenue was $269K in Q4 2025, down 55% year over year and down 30% from the previous quarter. Licenses Royalties and Fees was the largest line at 61% of revenue.
Gross margin was 63.5%, up 8.7 points from Q4 2024. Operating costs exceeded revenue by $200K, an operating margin of -74.5%. Operating expenses fell 56% while revenue fell 55%. The quarter ended with a net loss of $95K, wider than the previous quarter's $27K loss. Non-operating items added $105K, -111% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $56K. Non-cash charges added back $2K of depreciation and amortization and $47K of share-based compensation. Working capital and other items added $102K.
Questions
What was Nocopi Technologies' revenue in the fourth quarter 2025?
Nocopi Technologies (NNUP) reported revenue of $269K for the fourth quarter 2025 (Q4 2025), -55% from a year earlier and -30% from the quarter before.
Was Nocopi Technologies profitable in the fourth quarter 2025?
Operating loss was $200K (-74.5% of revenue) and net loss $95K.