Valuation, from the filing
| Public float | $15.74M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $1.42 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 10.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
5.3× earnings today, against a median of 5.3× across 7 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2022-06-30 | $9.57M | 5.3× | |
| 2021-06-30 | $12.68M | 256.7× | |
| 2020-06-30 | $6.45M | 12.7× | |
| 2019-06-30 | $2.32M | 3.1× | |
| 2018-06-30 | $2.32M | 1.4× | |
| 2017-06-30 | $2.64M | 6.9× | |
| 2016-06-30 | $709.00K | 2.7× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
NOCOPI TECHNOLOGIES INC/MD/ (NNUP) reported revenue of $1.90M and net income of -$656.03K for the fiscal year ended 2026-06-30. This page shows 1 annual period 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 | 2026-06-30 |
|---|---|
| Revenue | $1.90M |
| Cost of revenue | $1.11M |
| Gross profit | $896.18K |
| Operating income | -$1.07M |
| Net income | -$656.03K |
| Research & development | $195.80K |
| Weighted-average diluted shares | Unavailable |
| Pretax income | -$656.03K |
| Income tax expense | $0 |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $1.22M |
| General & administrative | $923.80K |
| Selling & marketing | $297.89K |
Balance
| Metric | 2026-06-30 |
|---|---|
| Cash & equivalents | $10.69M |
| Total assets | $16.01M |
| Current assets | $13.84M |
| Total liabilities | $1.56M |
| Current liabilities | $1.15M |
| Total equity incl. NCI | $14.45M |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $1.71M |
| Accounts receivable | $1.27M |
| Goodwill | $490.00K |
| Long-term debt | Unavailable |
| Accounts payable | $430.22K |
Cash flow
| Metric | 2026-06-30 |
|---|---|
| Operating cash flow | $555.87K |
| Capital expenditures | $13.60K |
| Investing cash flow | -$1.76M |
| Financing cash flow | Unavailable |
| Net change in cash | Unavailable |
| Stock-based compensation | Unavailable |
| Common dividends paid | Unavailable |
| Common share repurchases | Unavailable |
| Depreciation & amortization | Unavailable |
Derived
| Metric | 2026-06-30 |
|---|---|
| Free cash flow | $542.27K |
| Gross margin | 47.1% |
| Operating margin | -56.4% |
| FCF margin | 28.5% |
| SBC / revenue | Unavailable |
| Current ratio | 12.07x |
| Revenue YoY growth | 12.4% |
| Net margin | -34.5% |
| R&D / revenue | 10.3% |
| CapEx / revenue | 0.7% |
| Long-term debt / equity | Unavailable |
| Effective tax rate | 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
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.