Lipocine Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	5.02	5.21	6.21	4.77	3.15	2.95
Short-Term Investments	19.71	9.72	15.43	17.26	29.38	41.67
Cash & Short-Term Investments	24.73	14.93	21.63	22.04	32.53	44.62
Cash Growth	25.41%	-30.98%	-1.82%	-32.26%	-27.09%	126.86%
Other Receivables	0.23	1.16	0.21	0.05	0.08	0.25
Total Trade Receivables	0.23	1.16	0.21	0.05	0.08	0.25
Other Current Assets	0.29	0.79	0.48	0.77	1.52	1.51
Total Current Assets	25.24	16.88	22.32	22.86	34.14	46.38
Net Property, Plant & Equipment	0.09	0.1	0.17	0.12	0.13	0.01
Long-Term Investments	-	-	-	-	-	2.02
Other Long-Term Assets	0.02	0.02	0.02	0.02	3.28	4.07
Total Assets	25.36	17.01	22.51	23	37.54	52.48
Accounts Payable	1.56	0.97	0.27	1.4	0.6	1.29
Accrued Expenses	0.65	1.24	0.92	1.22	1.08	1.02
Current Portion of Long-Term Debt	-	-	-	-	-	2.31
Unearned Revenue	0.32	0.32	0.32	-	-	-
Other Current Liabilities	-	-	-	0.02	-	1
Total Current Liabilities	2.53	2.53	1.51	2.63	1.68	5.62
Other Long-Term Liabilities	-	-	-	-	0.23	1.3
Total Long-Term Liabilities	-	-	-	-	0.23	1.3
Total Liabilities	2.53	2.53	1.51	2.63	1.91	6.91
Common Stock	-	0.01	0.01	0.01	0.01	0.01
Treasury Stock	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04
Additional Paid-in Capital	235.94	223.9	220.79	220.17	219.11	218.29
Accumulated Other Comprehensive Income	-0.01	0	0.01	0.01	-0.02	-0.02
Retained Earnings	-213.07	-209.4	-199.77	-199.78	-183.43	-172.67
Shareholders' Equity	22.82	14.48	21	20.37	35.63	45.57
Total Liabilities & Equity	25.36	17.01	22.51	23	37.54	52.48
Total Debt	-	0	0	0	0	2.31
Net Cash (Debt)	24.73	14.93	21.63	22.04	32.53	42.31
Net Cash Growth	65.63%	-30.98%	-1.82%	-32.26%	-23.11%	200.54%
Net Cash Per Share	4.07	2.62	3.99	4.18	6.19	8.21
Book Value	22.82	14.48	21	20.37	35.63	45.57
Book Value Per Share	3.76	2.54	3.87	3.87	6.78	8.84
Tangible Book Value	22.82	14.48	21	20.37	35.63	45.57
Tangible Book Value Per Share	3.76	2.54	3.87	3.87	6.78	8.84

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q