# Lipocine Inc. (LPCN) — Revenue

## Annual Revenue (USD)

| Year | Revenue |
| --- | --- |
| 2025 | $2M |
| 2024 | $11M |
| 2023 | -$3M |
| 2022 | $500,000 |
| 2021 | $16M |
| 2020 | — |
| 2019 | $164,990 |
| 2018 | $428,031 |
| 2017 | — |
| 2016 | — |
| 2013 | — |
| 2012 | $8M |

## Quarterly Revenue (USD)

| Quarter | Revenue |
| --- | --- |
| 2026-03-31 | $119,397 |
| 2025-09-30 | $114,574 |
| 2025-06-30 | $622,849 |
| 2025-03-31 | $93,864 |
| 2024-06-30 | $89,565 |
| 2024-03-31 | $8M |
| 2023-09-30 | -$3M |
| 2023-03-31 | $54,990 |
| 2022-06-30 | $500,000 |
| 2021-09-30 | $54,994 |
| 2020-09-30 | — |
| 2019-09-30 | $164,990 |
| 2019-06-30 | — |
| 2019-03-31 | — |
| 2018-09-30 | — |
| 2018-06-30 | — |
| 2018-03-31 | $428,031 |
| 2017-09-30 | — |
| 2017-06-30 | — |
| 2017-03-31 | — |
| 2013-09-30 | — |
| 2012-09-30 | — |
| 2011-09-30 | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/LPCN/revenue)