# Lipocine Inc. (LPCN) — Shareholder Equity

## Annual Shareholder Equity (USD)

| Year | Shareholder Equity |
| --- | --- |
| 2025 | $14M |
| 2024 | $21M |
| 2023 | $20M |
| 2022 | $36M |
| 2021 | $46M |
| 2020 | $15M |
| 2019 | $6M |
| 2018 | $9M |
| 2017 | $19M |
| 2016 | $26M |
| 2013 | $45M |
| 2012 | $5M |

Source: [CompaniesByCap](https://companiesbycap.com/company/LPCN/shareholders-equity)