LPCN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $2.05
Market Cap (MRQ) $17M
P/E (TTM) -1.1
EPS (TTM) $-1.79
Revenue (TTM) $2M
ROE (TTM) -60.9%
52W Range $2–$12

LPCN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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Stock splits 1
Ex-date Split Type
May 12, 2023 1-for-17 Reverse

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$2M
2016-12-31 → 2025-12-31
EPS$-1.69
2016-12-31 → 2025-12-31
Free Cash Flow·
2016-12-31 → 2024-12-31
Net margin-755.1%
2018-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend LPCN 5Y avg Peer Median Verdict
P/E (TTM) -1.15Y avg ≈-339.3 ≈-339.3 · ·
P/S (TTM) 10.85Y avg ≈262.4 ≈262.4 · ·
P/B (MRQ) 0.85Y avg ≈11.0 ≈11.0 2.1 Undervalued
Price / Cash Flow -1.35Y avg ≈-83.0 ≈-83.0 · ·
Price / Tangible Book 0.95Y avg ≈11.0 ≈11.0 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 7.6%
Next Report Nov 04, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 3, 2026 $-0.32 $-0.44 27.9%
March 31, 2026 May 6, 2026 $-0.54 $-0.49 -9.2%
Dec. 31, 2025 $-0.42 $-0.62 32.5%
Sept. 30, 2025 $-0.59 $-0.55 -7.1%
June 30, 2025 $-0.41 $-0.41 -0.49%
March 31, 2025 $-0.35 $-0.36 2.0%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 16
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $2M$11M$-3M$500.0K$16M·$165.0K$428.0K$0$0··
R&D Expense $9M$7M$10M$9M$8M$10M$7M$6M$11M$8M$13M$15M
SG&A Expense $4M$5M$5M$4M$5M$8M$6M$5M$10M$10M$6M$5M
Operating Expenses $12M$12M$15M$13M$13M$18M$13M$12M$21M$19M$18M$20M
Operating Income $-10M$-1M$-18M$-12M$3M$-18M$-13M$-11M$-21M$-19M$-18M$-20M
Interest Expense ···$27.1K$203.3K$386.6K$766.7K·····
Interest Income $744.1K$1M$1M$572.6K$67.7K$75.7K$423.5K·····
Other Non-op $744.1K$1M$2M$1M$-4M$-3M$-106.9K$-333.5K$235.8K$216.1K··
Pretax Income $-10M$9.0K$-16M$-11M$-634.2K$-21M$-13M$-12M$-21M$-19M$-18M$-20M
Income Tax $200$681$755$681$200$200$200$700$700$752$200$200
Net Income $-10M$8.4K$-16M$-11M$-634.4K$-21M$-13M$-12M$-21M$-19M$-18M$-20M
EPS (Basic) $-1.77·$-3.10$-2.06$-0.01$-0.38$-0.50$-0.55$-1.05$-1.04$-1.11$-1.60
EPS (Diluted) $-1.69·$-3.14$-2.15$-0.01$-0.38$-0.50$-0.55$-1.05$-1.04$-1.11$-1.60
Shares (Basic) 5,448,8715,338,9575,269,6715,231,68186,934,61855,688,08525,882,27321,352,33920,051,93418,258,14916,470,81412,766,295
Shares (Diluted) 5,708,2385,422,6045,269,6715,256,16987,623,45255,688,08525,882,27321,352,33920,051,93418,258,14916,470,81412,766,295
EBITDA $-10M$-1M$-18M$-12M$3M$-18M$-13M$-11M·$-19M$-18M·
Balance Sheet 23
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $5M$6M$5M$3M$3M$19M$10M$8M$3M$6M$20M$28M
Short-term Investments ·······$7M$18M$21M$24M$0
Prepaid Expense $787.6K$476.5K$773.4K$945.3K$2M$661.3K$545.9K$520.1K$408.2K$329.5K$350.2K$229.9K
Current Assets $17M$22M$23M$34M$46M$25M$20M$21M$25M$27M$45M$28M
PP&E (Net) $104.3K$165.1K$116.1K$131.6K$7.2K·$3.6K$19.0K$75.1K$103.4K$75.8K$73.8K
PP&E (Gross) $1M$1M$1M$1M$1M$1M$1M$1M$1M$1M$1M$1M
Accum. Depreciation $1M$1M$1M$1M$1M$1M$1M$1M$1M$1M$1M$1M
Other Non-current Assets $23.8K$23.8K$23.8K$23.8K$23.8K$23.8K$23.8K$23.8K$30.8K$30.8K$23.8K$23.8K
Total Assets $17M$23M$23M$38M$52M$25M$20M$21M$25M$27M$45M$28M
Accounts Payable $971.8K$271.7K$1M$600.4K$1M$2M$1M$671.3K$598.1K$245.9K$507.1K$306.3K
Accrued Liabilities $1M$921.2K$1M$1M$1M$2M$449.3K$487.1K$1M$1M$3M$1M
Current Liabilities $3M$2M$3M$2M$6M$7M$5M$4M$6M$1M$3M$2M
Total Liabilities $3M$2M$3M$2M$7M$10M$13M$11M$6M$1M$3M$2M
Long-term Debt ····$2M$5M$7M$10M····
Total Debt ·····$2M$4M$7M····
Common Stock $8.9K$8.9K$8.9K$8.9K$8.8K$7.0K$3.8K$2.2K$2.1K$1.8K$1.8K$1.3K
Paid-in Capital $224M$221M$220M$219M$218M$187M$157M$148M$145M$131M$129M$95M
Retained Earnings $-209M$-200M$-200M$-183M$-173M$-172M$-151M$-138M$-126M$-105M$-86M$-68M
Treasury Stock $40.7K$40.7K$40.7K$40.7K$40.7K$40.7K$40.7K$40.7K$40.7K$40.7K$40.7K$40.7K
AOCI $4.4K$9.1K$7.3K$-20.3K$-18.0K·$-38$-963$-4.6K$-8.5K$-32.9K$0
Stockholders' Equity $14M$21M$20M$36M$46M$15M$6M$9M$19M$26M$42M$26M
Liabilities + Equity $17M$23M$23M$38M$52M$25M$20M$21M$25M$27M$45M$28M
Shares Outstanding 6,158,4435,347,9405,315,8305,234,83088,290,65070,036,25737,649,46521,731,48621,264,53918,456,61518,244,74612,794,672
Cash Flow 14
Metric Trend 202520242023202220212020201920182017201620152014
D&A $60.8K$41.1K$28.7K$9.5K$380$3.6K$15.4K$18.6K$28.4K$32.0K$26.7K$14.6K
Stock-based Comp $242.5K$408.6K$654.4K$636.1K$603.9K$1M$1M$1M$3M$2M$1M$2M
Deferred Tax ······$0$0$0$0$0$0
Restructuring ·······$0$0$728.6K$0$0
Operating Cash Flow $-10M$-1M$-12M$-12M$-4M$-15M$-12M$-12M$-17M$-18M$-15M$-17M
CapEx ·$90.1K$13.2K$133.8K$7.6K··$0$0$59.6K$28.7K$59.6K
Investing Cash Flow $6M$2M$13M$14M$-44M$4M$3M$11M$3M$3M$-25M·
Stock Issued $3M$209.3K$404.6K$-21.7K$27M$6M$6M$652.3K$11M$0$32M$0
Net Stock Activity $3M$209.3K$404.6K·$27M$6M$8M$652.3K·$0$32M·
Financing Cash Flow $3M$209.3K$404.6K$-2M$27M$21M$10M$11M$11M$605.9K$33M·
Net Change in Cash $-1M$1M$2M$197.9K$-21M$9M·$10M$-2M$-14M$-8M$-18M
Taxes Paid $200$681$225$200$200$200$200$700$700$752··
Free Cash Flow ·$-1M$-12M$-12M$-4M··$-12M·$-18M$-15M·
Levered FCF ···$-12M$-5M·······
Profitability 7
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin -524.7%-10.3%629.0%-2423.9%19.5%·-7818.8%-2646.0%····
Net Margin -487.1%0.07%573.6%-2151.7%-3.9%·-7883.7%-2724.1%····
Pretax Margin -487.0%0.08%573.6%-2151.6%-3.9%·-7883.6%-2723.9%····
EBITDA Margin -524.7%-10.3%629.0%-2423.9%19.5%·-7818.8%-2646.0%····
ROA -48.7%0.04%-54.0%-23.9%-1.6%-93.2%-64.2%-50.5%·-52.2%-49.6%·
ROE -60.9%0.04%-76.3%-29.4%-1.6%-140.5%-188.6%-110.0%·-55.8%-53.3%·
ROIC -71.6%-5.1%-88.0%-34.0%6.9%-102.3%-127.7%-69.2%·-73.8%-43.8%·
Liquidity & Solvency 5
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 6.714.88.720.38.33.84.04.6·20.513.2·
Quick Ratio 2.14.11.81.90.52.92.03.4·20.213.1·
Debt / Equity ·····0.10.60.7····
LT Debt / Equity ·····0.10.60.7····
Interest Coverage ···-447.215.5-46.5······
Efficiency 1
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.10.5-0.10.00.40.00.00.0····
Per Share 5
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $2.35$3.93$3.83$0.40$0.52$0.22$0.17$0.43·$1.41$2.30·
Revenue / Share $0.35$2.07$-0.54$0.01$0.19$0.00$0.01$0.02····
Cash Flow / Share $-1.71$-0.23$-2.25$-0.13$-0.05$-0.27$-0.45$-0.57·$-1.00$-0.93·
Cash / Share $0.85$1.16$0.90$0.04$0.03$0.27$0.26$0.37·$0.30$1.10·
EPS (TTM) $-1.69$-1.61$-3.14$-2.15$-0.01$-0.38$-0.50$-0.55$-1.05$-1.04$-1.11$-1.60
Growth Rates 2
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY -82.3%··-96.9%········
Revenue CAGR 3Y 58.1%-11.5%··········
Valuation (TTM) 14
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $2M$11M$-3M$500.0K$16M$165.0K$165.0K$428.0K$0$0··
Net Income TTM $-10M$8.4K$-16M$-11M$-634.4K$-21M$-13M$-12M$-21M$-19M$-18M$-20M
Market Cap $49M$26M$15M$599M$1.49B$1.62B$246M$480M·$1.15B$4.01B·
Enterprise Value ·····$1.60B$241M$472M····
P/E -4.8-3.0-0.9-3.1-1684.7-60.8-13.1-40.2-55.7-60.2-198.0-55.9
P/S 25.02.3-5.21197.792.29814.21493.51122.0····
P/B 3.41.20.716.832.6105.539.250.9·44.495.5·
P / Tangible Book 3.41.20.716.832.6105.5······
P / Cash Flow -5.1-21.4-1.2-50.0-337.2-105.8-21.1-39.8·-63.2-261.2·
P / FCF ·-19.9-1.2-49.5-336.6··-39.8·-63.0-260.7·
EV / EBITDA ·····-89.0-18.6-41.7····
EV / FCF ·······-39.1····
EV / Revenue ·····9711.41457.71102.6····
Earnings Yield -21.1%-33.0%-112.5%-31.8%-0.06%-1.6%-7.6%-2.5%-1.8%-1.7%-0.50%-1.8%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $2M $11M $-3M $500.0K $16M
Operating Margin % -524.7% -10.3% 629.0% -2423.9% 19.5%
Net Income $-10M $8.4K $-16M $-11M $-634.4K
Diluted EPS $-1.69 · $-3.14 $-2.15 $-0.01

Institutional owners (13F) 37 filers · $8.8M total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 37
Value held $8.8M
New positions 4
Exited positions 14
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
4 (-20 vs prior Q) 14 (+11 vs prior Q) 14 (+5 vs prior Q) 3 (-6 vs prior Q) -127K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Squadron Capital Management LLC $2,073,600 810,000 23.50% Shares
VANGUARD GROUP INC $1,781,592 221,867 20.19% Shares
Ikarian Capital, LLC $1,301,902 508,556 14.76% Shares
Eversept Partners, LP $755,172 294,989 8.56% Shares
VANGUARD CAPITAL MANAGEMENT LLC $590,907 230,823 6.70% Shares
BOOTHBAY FUND MANAGEMENT, LLC $359,647 140,487 4.08% Shares
JANE STREET GROUP, LLC $243,781 95,227 2.76% Shares
BlackRock, Inc. $228,536 89,272 2.59% Shares
TWO SIGMA INVESTMENTS, LP $217,311 84,887 2.46% Shares
CITADEL ADVISORS LLC $207,926 81,221 2.36% Shares
Seven Fleet Capital Management LP $201,836 78,842 2.29% Shares
GEODE CAPITAL MANAGEMENT, LLC $190,761 74,477 2.16% Shares
RENAISSANCE TECHNOLOGIES LLC $177,175 69,209 2.01% Shares
VANGUARD FIDUCIARY TRUST CO $139,620 54,539 1.58% Shares
DIMENSIONAL FUND ADVISORS LP $94,144 36,775 1.07% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $64,963 25,376 0.74% Shares
STATE STREET CORP $57,362 22,407 0.65% Shares
Birchview Capital, LP $42,783 16,712 0.48% Shares
NORTHERN TRUST CORP $40,812 15,942 0.46% Shares
BARCLAYS PLC $25,157 9,827 0.29% Shares
UBS Group AG $9,206 3,596 0.10% Shares
WELLS FARGO & COMPANY/MN $6,927 2,706 0.08% Shares
Vanguard Global Advisers, LLC $4,329 1,691 0.05% Shares
Tower Research Capital LLC (TRC) $1,736 678 0.02% Shares
MORGAN STANLEY $1,469 574 0.02% Shares
CALDWELL SUTTER CAPITAL, INC. $1,206 471 0.01% Shares
OSAIC HOLDINGS, INC. $609 238 0.01% Shares
ACADIAN ASSET MANAGEMENT LLC $435 170,417 0.00% Shares
GROUP ONE TRADING LLC $338 132 0.00% Shares
PlanVest Financial, Inc $284 111 0.00% Shares
SBI Securities Co., Ltd. $172 67 0.00% Shares
Tidemark, LLC $151 59 0.00% Shares
HRT FINANCIAL LP $74 29,238 0.00% Shares
GSA CAPITAL PARTNERS LLP $48 18,666 0.00% Shares
PRICE T ROWE ASSOCIATES INC /MD/ $32 12,266 0.00% Shares
Bogart Wealth, LLC $8 3 0.00% Shares
Farther Finance Advisors, LLC $3 1 0.00% Shares

Company insiders 16 insiders · 9 officers · 8 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Mahesh V. Patel Chief Executive Officer June 29, 2026 A 160,679 2 0 $101,250
Morgan R Brown Chief Financial Officer Dec. 7, 2021 A 194,504 0 0 $0
Krista Fogarty Principal Accounting Officer Dec. 18, 2025 A 1,727 0 0 $0
George Nomikos Chief Medical Officer Nov. 1, 2022 A · 0 0 $0
Gregory Brooks Bass Chief Commercial Officer Dec. 29, 2017 M 5,625 0 0 $0
Jyrki Mattila Chief Business Officer Jan. 26, 2017 A · 0 0 $0
Srinivasan Venkateshwaran VP RandD Aug. 14, 2014 A · 0 0 $0
Gerald T Simmons Chief Business Officer Aug. 14, 2014 A · 0 0 $0
Robert K. Merrell VP Finance Dec. 10, 2013 A · 0 0 $0
John W. Higuchi Director Sept. 30, 2026 P 241,365 5 0 $415,525
Michael Grissinger Director Aug. 3, 2026 A · 0 0 $0
Jill M. Jene Director June 3, 2026 A · 0 0 $0
Richard Dana Ono Director June 3, 2026 A 14,125 0 0 $0
Spyros Papapetropoulos Director June 4, 2025 A 21,739 0 0 $0
Jeffrey Arvin Fink Director June 4, 2025 A 6,562 0 0 $0
Stephen A Hill Director Dec. 16, 2020 M 12,750 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 5 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
DCOR · Dimensional ETF Trust 0.00% 5,116 NS July 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.00% 6,038 NS July 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.00% 88,050 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 142,773 SH Aug. 19, 2026 Daily
DFAC · Dimensional ETF Trust 0.00% 4,760 NS July 31, 2026 N-PORT

LPCN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 8 analysts BUY
Median target $5.00 +143.9%
2 25.0% Strong Buy
4 50.0% Buy
2 25.0% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

2 analysts · 2026-10-04

Mean target $5.00 +143.9%

← Below all targets Current price $2.05
Low$4.00 Mean$5.00 High$6.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
LPCN $49M -4.8 -82.3% -487.1% -60.9% ·
RKTO · · · · · ·
DARE $28M -1.6 10429.4% -1300.7% 270.9% ·
TVRD $40M -1.3 -66.0% · -67.6% ·
BFRI · · · · · ·
CTXR · -0.4 · · · ·
HIND $20M -0.7 24.4% -3209.7% -411.1% 68.4%
LLY · 46.8 44.7% 31.7% 101.2% ·

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 4, 2026