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Side-by-side financial comparison of Digital Brands Group, Inc. (DBGI) and Lipocine Inc. (LPCN). Click either name above to swap in a different company.

Digital Brands Group, Inc. is the larger business by last-quarter revenue ($1.6M vs $1.1M, roughly 1.4× Lipocine Inc.). On growth, Digital Brands Group, Inc. posted the faster year-over-year revenue change (-25.1% vs -67.2%).

Fortune Brands Innovations, Inc. is an American manufacturer of home and security products, headquartered in Deerfield, Illinois. Its portfolio of businesses and brands includes Moen and the House of Rohl; outdoor living and security products from Therma-Tru, Larson, Fiberon, Master Lock and SentrySafe; and MasterBrand Cabinets. Fortune Brands is a Fortune 500 company and part of the S&P 400 Index. As of December 31, 2021, the company reported employing approximately 28,000 associates and pos...

Lipocine Inc is a clinical-stage biopharmaceutical company specializing in the development of hormone-based therapies. Its core product pipeline targets unmet medical needs in men's health, women's health, and liver disease, with primary operations and market focus in the United States. It prioritizes oral formulation innovation to improve patient treatment accessibility and adherence.

DBGI vs LPCN — Head-to-Head

Bigger by revenue
DBGI
DBGI
1.4× larger
DBGI
$1.6M
$1.1M
LPCN
Growing faster (revenue YoY)
DBGI
DBGI
+42.1% gap
DBGI
-25.1%
-67.2%
LPCN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DBGI
DBGI
LPCN
LPCN
Revenue
$1.6M
$1.1M
Net Profit
$-20.6M
Gross Margin
-77.1%
Operating Margin
-1385.4%
Net Margin
-1283.8%
Revenue YoY
-25.1%
-67.2%
Net Profit YoY
-283.4%
-233.0%
EPS (diluted)
$0.73

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DBGI
DBGI
LPCN
LPCN
Q4 25
$1.6M
$1.1M
Q3 25
$1.7M
Q2 25
$2.3M
Q1 25
$1.9M
Q4 24
$2.1M
Q3 24
$2.4M
$0
Q2 24
$3.4M
Q1 24
$3.6M
$7.6M
Net Profit
DBGI
DBGI
LPCN
LPCN
Q4 25
$-20.6M
Q3 25
$-3.5M
Q2 25
$-2.1M
Q1 25
$-2.1M
Q4 24
$-5.4M
Q3 24
$-3.5M
$-2.2M
Q2 24
$-3.5M
Q1 24
$-683.7K
$3.5M
Gross Margin
DBGI
DBGI
LPCN
LPCN
Q4 25
-77.1%
Q3 25
42.7%
Q2 25
31.6%
Q1 25
46.6%
Q4 24
-35.3%
Q3 24
46.0%
Q2 24
45.9%
Q1 24
48.1%
Operating Margin
DBGI
DBGI
LPCN
LPCN
Q4 25
-1385.4%
Q3 25
-201.3%
Q2 25
-88.2%
Q1 25
-106.7%
Q4 24
-230.1%
Q3 24
-112.4%
Q2 24
-67.8%
Q1 24
-6.3%
42.3%
Net Margin
DBGI
DBGI
LPCN
LPCN
Q4 25
-1283.8%
Q3 25
-208.7%
Q2 25
-94.1%
Q1 25
-111.7%
Q4 24
-250.7%
Q3 24
-145.1%
Q2 24
-103.4%
Q1 24
-19.1%
46.1%
EPS (diluted)
DBGI
DBGI
LPCN
LPCN
Q4 25
$0.73
Q3 25
$-1.18
Q2 25
$-0.81
Q1 25
$-0.92
Q4 24
$132.02
Q3 24
$-81.53
$-0.44
Q2 24
$-104.18
Q1 24
$-23.02
$0.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DBGI
DBGI
LPCN
LPCN
Cash + ST InvestmentsLiquidity on hand
$1.9M
$5.2M
Total DebtLower is stronger
$6.1M
Stockholders' EquityBook value
$8.8M
$14.5M
Total Assets
$44.5M
$17.0M
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBGI
DBGI
LPCN
LPCN
Q4 25
$1.9M
$5.2M
Q3 25
$6.7M
Q2 25
$542.6K
Q1 25
$2.2M
Q4 24
$164.4K
Q3 24
$289.3K
$3.7M
Q2 24
$92.8K
Q1 24
$11.3K
$3.1M
Total Debt
DBGI
DBGI
LPCN
LPCN
Q4 25
$6.1M
Q3 25
Q2 25
Q1 25
Q4 24
$6.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DBGI
DBGI
LPCN
LPCN
Q4 25
$8.8M
$14.5M
Q3 25
$16.0M
Q2 25
$7.1M
Q1 25
$6.2M
Q4 24
$-1.3M
Q3 24
$19.0K
$19.1M
Q2 24
$2.7M
Q1 24
$3.0M
$24.0M
Total Assets
DBGI
DBGI
LPCN
LPCN
Q4 25
$44.5M
$17.0M
Q3 25
$41.2M
Q2 25
$27.8M
Q1 25
$27.2M
Q4 24
$19.9M
Q3 24
$23.3M
$20.7M
Q2 24
$24.9M
Q1 24
$24.8M
$25.4M
Debt / Equity
DBGI
DBGI
LPCN
LPCN
Q4 25
0.70×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DBGI
DBGI
LPCN
LPCN
Operating Cash FlowLast quarter
$-4.7M
$-9.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBGI
DBGI
LPCN
LPCN
Q4 25
$-4.7M
$-9.8M
Q3 25
$-5.1M
Q2 25
$-1.6M
Q1 25
$-4.5M
Q4 24
$-2.8M
Q3 24
$-541.6K
$-2.8M
Q2 24
$-1.6M
Q1 24
$-1.2M
$2.4M
Free Cash Flow
DBGI
DBGI
LPCN
LPCN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-541.6K
Q2 24
$-1.6M
Q1 24
$-1.3M
FCF Margin
DBGI
DBGI
LPCN
LPCN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-22.2%
Q2 24
-47.9%
Q1 24
-35.1%
Capex Intensity
DBGI
DBGI
LPCN
LPCN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
DBGI
DBGI
LPCN
LPCN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.69×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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