NNUPOTCGames, Toys & Children's Vehicles (No Dolls & Bicycles)Fiscal year ends December 31
NOCOPI TECHNOLOGIES INC/MD/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$1.70+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- $19.38M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
54.5%−3.3 pts over 5 years
Operating margin
-40.3%−58.3 pts over 5 years
Net margin
-10.4%−29.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -29.5% | -31.4% | -10.9% | +4.6% | |
| Gross profit | -26.1% | -40.7% | -11.9% | +2.8% | |
| Free cash flow | +22.1% | – | +1.5% | +36.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -83.7% | 16.3% | -1.1% | |
| Return on assets | 57.3% | 13.7% | -1.1% | |
| Current ratio | 0.74 | 11.57 | 45.02 | |
| Interest coverage | 20.4× | 69.4× | -25.0× | |
| Inventory turnover | 8.2× | 5.0× | 1.7× | |
| Capex to revenue | 0.1% | 1.5% | 0.0% | |
| Diluted shares | 6M | 6M | 11M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Nocopi Technologies generated $1.88M from operations and spent $70.80K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$1.88M
Used
$70.80K
Capital expenditure$70.80K100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-10.4%
×Asset turnover0.11×
×Equity multiplier1.03×
=Return on equity, FY2025-1.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -10.4% | 0.11× | 1.03× | -1.1% |
| FY2024 | -126.5% | 0.15× | 1.07× | -20.6% |
| FY2023 | -68.9% | 0.18× | 1.11× | -13.5% |
| FY2022 | 39.2% | 0.69× | 1.09× | 29.4% |
| FY2021 | 2.5% | 0.51× | 1.10× | 1.4% |
| FY2020 | 19.1% | 0.72× | 1.19× | 16.3% |
| FY2019 | 29.8% | 0.84× | 1.27× | 31.7% |
| FY2018 | 49.5% | 2.01× | 1.53× | 151.7% |
| FY2017 | 24.3% | 2.29× | 38.50× | 2141.6% |
| FY2016 | 18.7% | 3.06× | -1.46× | -83.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$154.90K
- Cash generatingOperating cash flow above zero$713.90K
- Return on assets improvedROA up on the prior year-19.1% → -1.1%
- Earnings backed by cashOperating cash flow above net income$713.90K vs -$154.90K
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose65.79 → 45.02
- No dilutionShare count did not rise11M → 11M
- Gross margin improvedGross margin up on the prior year51.95% → 54.45%
- More efficientAsset turnover rose0.15 → 0.11