Revenue
$1.49M
Fiscal year ended 2025-12-31Operating income
-$601.40K
Fiscal year ended 2025-12-31Free cash flow
$713.90K
Fiscal year ended 2025-12-31NOCOPI TECHNOLOGIES INC/MD/ (NNUP) reported revenue of $1.49M and net income of -$154.90K for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from NOCOPI TECHNOLOGIES INC/MD/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Games, Toys & Children's Vehicles (No Dolls & Bicycles).
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.49M | $2.12M | $2.08M | $4.63M | $1.95M | $2.66M | $2.54M | $3.34M | $1.57M | $1.38M |
| Cost of revenue | $680.40K | $1.02M | $982.00K | $727.70K | $738.10K | $1.12M | $841.70K | $561.20K | $443.10K | $442.10K |
| Gross profit | $813.40K | $1.10M | $1.10M | $3.90M | $1.21M | $1.54M | $1.70M | $2.78M | $1.12M | $941.40K |
| Operating income | -$601.40K | -$3.30M | -$1.87M | $2.05M | $25.20K | $479.00K | $806.30K | $1.87M | $406.30K | $271.80K |
| Net income | -$154.90K | -$2.68M | -$1.44M | $1.81M | $49.40K | $508.40K | $754.90K | $1.66M | $381.20K | $258.50K |
| Research & development | $179.90K | $178.20K | $163.40K | $140.40K | $181.50K | $173.50K | $165.60K | $153.20K | $146.30K | $138.80K |
| Weighted-average diluted shares | shares 10.80M | shares 10.53M | shares 9.67M | shares 7.58M | shares 6.74M | shares 64.17M | shares 59.84M | shares 58.98M | shares 58.90M | shares 58.60M |
| Pretax income | -$154.90K | -$2.68M | -$1.56M | $2.11M | $43.70K | $490.30K | $807.20K | $1.86M | $381.20K | Unavailable |
| Income tax expense | $0 | $0 | -$122.70K | $294.50K | -$5.70K | -$18.10K | $52.30K | $205.80K | Unavailable | Unavailable |
| Diluted EPS | $-0.01 | $-0.25 | $-0.15 | $0.24 | $0.01 | $0.01 | $0.01 | $0.03 | $0.01 | $0.00 |
| Selling, general & administrative | $1.23M | $4.22M | $2.81M | $1.71M | $1.01M | $882.50K | $723.80K | $756.70K | $571.20K | $530.80K |
| General & administrative | $952.30K | $3.90M | $2.54M | $1.22M | $719.40K | $526.10K | $393.90K | $369.40K | $317.60K | $294.80K |
| Selling & marketing | $282.60K | $322.40K | $270.80K | $494.50K | $287.70K | $356.40K | $329.90K | $387.30K | $253.60K | $236.00K |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $11.55M | $10.84M | $2.27M | $917.40K | $1.85M | $1.36M | $688.00K | $400.80K | $360.40K | $199.10K |
| Total assets | $14.04M | $13.92M | $14.00M | $9.62M | $3.79M | $3.87M | $3.53M | $2.52M | $812.50K | $558.00K |
| Current assets | $13.09M | $12.58M | $12.11M | $7.03M | $3.40M | $3.07M | $2.30M | $1.16M | $798.40K | $543.00K |
| Total liabilities | $433.80K | $281.60K | $1.62M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $290.80K | $191.20K | $1.49M | $609.20K | $202.70K | $265.10K | $467.90K | $346.40K | $597.30K | $737.60K |
| Total equity incl. NCI | $13.60M | $13.64M | $12.38M | $8.82M | $3.51M | $3.45M | $2.79M | $1.97M | $215.20K | -$179.60K |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $456.90K | $349.60K | $448.00K | $486.40K | $422.70K | $324.80K | $127.90K | $133.50K | $110.60K | $70.90K |
| Accounts receivable | $936.70K | $1.23M | $1.12M | $1.10M | $970.80K | $1.28M | $1.35M | $579.00K | $292.10K | $243.40K |
| Goodwill | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | $30.60K | $20.90K | $27.50K | $97.70K | $3.70K | $5.70K | $44.30K | $16.50K | $4.90K | $33.10K |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $713.90K | $594.80K | -$19.30K | -$43.30K | $512.70K | $702.40K | $360.60K | $40.90K | $177.50K | $202.60K |
| Capital expenditures | $0 | $9.90K | $28.50K | $800 | $31.60K | $38.60K | $73.40K | $500 | $6.60K | $1.40K |
| Investing cash flow | $0 | $7.98M | -$3.63M | -$4.39M | -$31.60K | -$38.60K | -$73.40K | -$500 | -$6.60K | -$1.40K |
| Financing cash flow | Unavailable | Unavailable | $5.00M | $3.50M | $2.80K | $11.00K | Unavailable | Unavailable | -$9.60K | -$13.50K |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $674.80K | $287.20K | $40.40K | $161.30K | $187.70K |
| Stock-based compensation | $126.00K | $2.73M | $1.32M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $6.70K | $29.70K | $47.00K | $34.10K | $30.50K | $21.50K | $10.80K | $7.10K | $7.50K | $7.30K |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $713.90K | $584.90K | -$47.80K | -$44.10K | $481.10K | $663.80K | $287.20K | $40.40K | $170.90K | $201.20K |
| Gross margin | 54.5% | 52.0% | 52.9% | 84.3% | 62.2% | 57.7% | 66.8% | 83.2% | 71.7% | 68.0% |
| Operating margin | -40.3% | -155.8% | -89.8% | 44.2% | 1.3% | 18.0% | 31.8% | 56.0% | 25.9% | 19.6% |
| FCF margin | 47.8% | 27.6% | -2.3% | -1.0% | 24.6% | 25.0% | 11.3% | 1.2% | 10.9% | 14.5% |
| SBC / revenue | 8.4% | 129.0% | 63.4% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | 45.02x | 65.79x | 8.14x | 11.54x | 16.77x | 11.57x | 4.92x | 3.34x | 1.34x | 0.74x |
| Revenue YoY growth | -29.5% | 1.6% | -55.0% | 137.1% | -26.6% | 4.8% | -24.1% | 113.3% | 13.3% | Unavailable |
| Net margin | -10.4% | -126.5% | -68.9% | 39.2% | 2.5% | 19.1% | 29.8% | 49.5% | 24.3% | 18.7% |
| R&D / revenue | 12.0% | 8.4% | 7.8% | 3.0% | 9.3% | 6.5% | 6.5% | 4.6% | 9.3% | 10.0% |
| CapEx / revenue | 0.0% | 0.5% | 1.4% | 0.0% | 1.6% | 1.5% | 2.9% | 0.0% | 0.4% | 0.1% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | 14.0% | -13.0% | -3.7% | 6.5% | 11.1% | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NNUP in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-13View SEC filing
10-Q · Filed 2026-05-15View SEC filing
10-K · Filed 2026-03-31View SEC filing
10-Q · Filed 2025-11-12View SEC filing
10-Q · Filed 2025-08-11View SEC filing
10-Q · Filed 2025-05-13View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.