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Side-by-side financial comparison of Lipocine Inc. (LPCN) and OLB GROUP, INC. (OLB). Click either name above to swap in a different company.

OLB GROUP, INC. is the larger business by last-quarter revenue ($1.8M vs $1.1M, roughly 1.5× Lipocine Inc.). On growth, OLB GROUP, INC. posted the faster year-over-year revenue change (-35.2% vs -67.2%).

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.

OLB Group, Inc. is a global financial technology provider offering omnichannel payment processing solutions, e-commerce enablement tools, and digital banking services for small and medium-sized enterprises across North America, Europe, and key Asia-Pacific markets. Its core segments include merchant services, crypto payment integration, and cloud-based business management platforms.

LPCN vs OLB — Head-to-Head

Bigger by revenue
OLB
OLB
1.5× larger
OLB
$1.8M
$1.1M
LPCN
Growing faster (revenue YoY)
OLB
OLB
+32.0% gap
OLB
-35.2%
-67.2%
LPCN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LPCN
LPCN
OLB
OLB
Revenue
$1.1M
$1.8M
Net Profit
$-1.5M
Gross Margin
Operating Margin
-83.7%
Net Margin
-83.7%
Revenue YoY
-67.2%
-35.2%
Net Profit YoY
-233.0%
67.5%
EPS (diluted)
$-0.48

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
LPCN
LPCN
OLB
OLB
Q4 25
$1.1M
$1.8M
Q3 25
$2.3M
Q2 25
$2.3M
Q1 25
$2.3M
Q4 24
$2.7M
Q3 24
$0
$3.1M
Q2 24
$3.5M
Q1 24
$7.6M
$3.5M
Net Profit
LPCN
LPCN
OLB
OLB
Q4 25
$-1.5M
Q3 25
$-1.2M
Q2 25
$-2.1M
Q1 25
$-1.1M
Q4 24
$-4.6M
Q3 24
$-2.2M
$-1.6M
Q2 24
$-2.6M
Q1 24
$3.5M
$-2.4M
Operating Margin
LPCN
LPCN
OLB
OLB
Q4 25
-83.7%
Q3 25
-49.1%
Q2 25
-74.8%
Q1 25
-36.6%
Q4 24
-166.0%
Q3 24
-52.9%
Q2 24
-74.3%
Q1 24
42.3%
-82.6%
Net Margin
LPCN
LPCN
OLB
OLB
Q4 25
-83.7%
Q3 25
-50.8%
Q2 25
-93.7%
Q1 25
-46.9%
Q4 24
-167.1%
Q3 24
-52.9%
Q2 24
-75.2%
Q1 24
46.1%
-67.8%
EPS (diluted)
LPCN
LPCN
OLB
OLB
Q4 25
$-0.48
Q3 25
$-0.13
Q2 25
$-0.66
Q1 25
$-0.47
Q4 24
$-3.55
Q3 24
$-0.44
$-0.92
Q2 24
$-1.49
Q1 24
$0.66
$-0.14

Balance Sheet & Financial Strength

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

Metric
LPCN
LPCN
OLB
OLB
Cash + ST InvestmentsLiquidity on hand
$5.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.5M
$4.6M
Total Assets
$17.0M
$12.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPCN
LPCN
OLB
OLB
Q4 25
$5.2M
Q3 25
Q2 25
Q1 25
$29.3K
Q4 24
$27.4K
Q3 24
$3.7M
$41.3K
Q2 24
$53.3K
Q1 24
$3.1M
$3.3K
Stockholders' Equity
LPCN
LPCN
OLB
OLB
Q4 25
$14.5M
$4.6M
Q3 25
$5.3M
Q2 25
$6.4M
Q1 25
$2.3M
Q4 24
$3.2M
Q3 24
$19.1M
$6.7M
Q2 24
$8.3M
Q1 24
$24.0M
$11.0M
Total Assets
LPCN
LPCN
OLB
OLB
Q4 25
$17.0M
$12.3M
Q3 25
$12.2M
Q2 25
$12.4M
Q1 25
$12.5M
Q4 24
$12.7M
Q3 24
$20.7M
$15.9M
Q2 24
$16.6M
Q1 24
$25.4M
$18.3M

Cash Flow & Capital Efficiency

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

Metric
LPCN
LPCN
OLB
OLB
Operating Cash FlowLast quarter
$-9.8M
$-1.3M
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
LPCN
LPCN
OLB
OLB
Q4 25
$-9.8M
$-1.3M
Q3 25
$-115.5K
Q2 25
$-1.0M
Q1 25
$-155.8K
Q4 24
$-2.6M
Q3 24
$-2.8M
$-376.7K
Q2 24
$-785.5K
Q1 24
$2.4M
$-424.7K
Cash Conversion
LPCN
LPCN
OLB
OLB
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.

Revenue Breakdown by Segment

LPCN
LPCN

Segment breakdown not available.

OLB
OLB

Transaction And Processing Fees$1.7M94%
Other$99.2K6%

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