Nocopi Technologies, Inc. (NNUP)

Nocopi Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1.49	2.12	2.08	4.63	1.95
Revenue Growth (YoY)	-29.47%	1.63%	-54.96%	137.06%	-26.58%
Cost of Revenue	0.68	1.02	0.98	0.73	0.74
Gross Profit	0.81	1.1	1.1	3.9	1.21
Selling, General & Admin	1.23	4.22	2.81	1.71	1.01
Research & Development	0.18	0.18	0.16	0.14	0.18
Operating Expenses	1.41	4.4	2.97	1.85	1.19
Operating Income	-0.6	-3.3	-1.87	2.05	0.03
Interest Expense	-0.02	-0.02	-0.01	-0	-0
Interest & Investment Income	0.47	0.56	0.33	0.06	0.02
EBT Excluding Unusual Items	-0.15	-2.76	-1.56	2.11	0.04
Other Unusual Items	-	0.08	-	-	-
Pretax Income	-0.15	-2.68	-1.56	2.11	0.04
Income Tax Expense	-	-	-0.12	0.29	-0.01
Net Income	-0.15	-2.68	-1.44	1.81	0.05
Net Income to Common	-0.15	-2.68	-1.44	1.81	0.05
Net Income Growth	-	-	-	3570.24%	-90.28%
Shares Outstanding (Basic)	11	11	10	8	7
Shares Outstanding (Diluted)	11	11	10	8	7
Shares Change (YoY)	2.55%	8.94%	27.47%	12.47%	5.09%
EPS (Basic)	-0.01	-0.25	-0.15	0.24	0.01
EPS (Diluted)	-0.01	-0.25	-0.15	0.24	0.01
EPS Growth	-	-	-	3163.51%	-90.77%
Free Cash Flow	0.71	0.58	-0.05	-0.04	0.48
Free Cash Flow Per Share	0.07	0.06	-0.01	-0.01	0.07
Gross Margin	54.45%	51.95%	52.88%	84.27%	62.19%
Operating Margin	-40.26%	-155.84%	-89.76%	44.20%	1.29%
Profit Margin	-10.37%	-126.49%	-68.90%	39.18%	2.53%
Free Cash Flow Margin	47.79%	27.62%	-2.29%	-0.95%	24.65%
EBITDA	-0.59	-3.27	-1.82	2.08	0.06
EBITDA Margin	-39.81%	-154.43%	-87.51%	44.94%	2.85%
D&A For EBITDA	0.01	0.03	0.05	0.03	0.03
EBIT	-0.6	-3.3	-1.87	2.05	0.03
EBIT Margin	-40.26%	-155.84%	-89.76%	44.20%	1.29%
Effective Tax Rate	-	-	-	13.97%	-
Revenue as Reported	1.49	2.12	2.08	4.63	1.95

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.