Lipocine Inc. (LPCN) stock

LPCNNasdaqPharmaceutical PreparationsFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 11/3048% below fair value

$1.71+0.09 (+5.56%)

Close on Nov 13, 2026Market cap $14.10MP/E –Yield –

Lipocine statistics

74 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Mar 9, 2027 (estimated, before the open)
Last ex-dividend date: No dividends
Fundamentals through: Sep 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $14.10M; $272.32M
Enterprise Value: -$7.36M; $146.23M
PS Ratio: 3.76; 3.66
PB Ratio: 0.67; 2.00
P/TBV Ratio: 0.67; 2.22

Enterprise valuationIndustry

EV / Sales: -1.96; 2.57

Share statisticsIndustry

Shares Outstanding: 8M; 58M
Shares Change (YoY): 37.5%; 10.8%
Shares Change (QoQ): 0.01%; 0.50%
Float: 8M; 49M
Shares Held by Insiders: 8.41%; 11.7%
Shares Held by Institutions: 36.2%; 56.4%

Short sellingIndustry

Short Interest: 325,401; –
Short Interest Change: -7.41%; -0.80%
Short % of Float: 4.31%; 9.01%
Short % of Shares Outstanding: 3.95%; 6.30%
Days to Cover: 1.50; 5.15

Stock price statisticsIndustry

52-Week High: $12.37; –
52-Week Low: $1.36; –
20-Day Moving Average: $1.54; –
50-Day Moving Average: $1.86; –
200-Day Moving Average: $3.48; –
Average True Range (14): $0.14; –
Price Change (1 Week): 8.92%; -1.15%
Price Change (1 Month): 1.79%; -4.87%
Price Change (3 Months): -16.6%; -21.0%
Price Change (6 Months): -24.3%; -20.6%
Price Change (YTD): -78.7%; -23.6%
Price Change (1 Year): -41.4%; -22.4%
Price Change (3 Years): -36.3%; -29.5%
Price Change (5 Years): -91.5%; -77.9%
Price Change (10 Years): -97.4%; -65.4%
Average Volume (10 Days): 241,098; –
Average Volume (20 Days): 219,979; –
Average Volume (90 Days): 1M; –
Relative Volume: 0.16; 0.70
Relative Strength Index (14): 54.0; 43.4
Volatility (1 Year): 109.9%; 80.1%
Beta (5 Years): 0.66; 1.07

MarginsIndustry

Operating Margin: -269.1%; -38.7%
Pretax Margin: -249.1%; -11.6%
Profit Margin: -249.2%; -31.6%
EBITDA Margin: -267.5%; -27.7%

Returns on capitalIndustry

Return on Equity (ROE): -52.9%; -49.9%
Return on Assets (ROA): -47.5%; -40.6%
Return on Capital Employed (ROCE): -47.6%; -37.9%

Financial positionIndustry

Current Ratio: 11.36; 3.30
Quick Ratio: 10.55; 2.39

GrowthIndustry

Revenue Growth (YoY): -13.4%; 6.82%
Revenue Growth (3Y CAGR): 58.1%; 2.25%

EfficiencyIndustry

Asset Turnover: 0.19; 0.40
Revenue Per Employee: $267.50K; $429.29K
Profits Per Employee: -$666.48K; -$689.41K
Employee Count: 14; 74
WACC: 8.41%; 10.2%

Income statement (TTM)Industry

Revenue: $3.74M; $66.37M
Operating Income: -$10.08M; -$21.37M
Pretax Income: -$9.33M; -$12.95M
Net Income: -$9.33M; -$22.35M
EBITDA: -$10.02M; -$17.21M
EPS (Diluted): -$1.29; -$0.76

Balance sheetIndustry

Cash & Short-Term Investments: $21.46M; $68.68M
Net Cash (Debt): $21.46M; $17.76M
Net Cash Per Share: $2.60; $0.80
Equity (Book Value): $21.16M; $53.89M
Book Value Per Share: $2.57; $1.50
Tangible Book Value: $21.16M; $27.13M
Working Capital: $21.08M; $79.99M

Cash flow (TTM)Industry

Operating Cash Flow: -$10.01M; -$12.38M

Dividends and yieldsIndustry

Earnings Yield: -66.2%; -21.8%
Buyback Yield: -114.4%; -0.76%
Shareholder Yield: -114.4%; 0.00%

Scores and fair valueIndustry

Altman Z-Score: -9.08; 0.23
Piotroski F-Score: 1; 4

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	LPCN	S&P 500	Difference	LPCN per year	S&P 500 per year
1 month	+5.6%	-3.0%	+8.6 pts
3 months	-17.0%	-2.8%	−14.2 pts
Year to date	-78.7%	+11.5%	−90.2 pts
1 year	-39.4%	+13.5%	−52.8 pts
3 years	-38.5%	+77.7%	−116.2 pts	-15.0%	+21.1%
5 years	-91.5%	+72.6%	−164.2 pts	-39.0%	+11.5%
10 years	-97.2%	+308.2%	−405.3 pts	-30.0%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

0M LPCN shares were sold short on Oct 30, 2026, down 7.4% from the previous report, or 4.31% of the shares available to trade. At recent volumes it would take 1.5 days to buy them back. Over the last 20 sessions, 30.8% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	325,401	-7.4%	216,649	1.5
Oct 15, 2026	351,433	+259.3%	9,616,895	1.0
Sep 30, 2026	97,816	-1.6%	43,279	2.3
Sep 15, 2026	99,444	-1.5%	21,690	4.6
Aug 31, 2026	100,992	+7.0%	33,532	3.0
Aug 14, 2026	94,427	-14.9%	50,342	1.9
Jul 31, 2026	110,962	-9.8%	31,167	3.6
Jul 15, 2026	123,024	-13.2%	41,201	3.0
Jun 30, 2026	141,719	-7.0%	86,489	1.6
Jun 15, 2026	152,344	+68.8%	125,466	1.2
May 29, 2026	90,238	-11.6%	83,489	1.1
May 15, 2026	102,133	-41.2%	103,762	1.0