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Financials · LWLG

Lightwave Logic Inc. (LWLG) financials

For the twelve months ended Jun 30, 2026, Lightwave Logic Inc. reported $250.3K of revenue and -$22.86M of net income.

Revenue, TTM
$250.3K
Revenue growth, YoY
+165.2%
Net income, TTM
-$22.86M
Net margin
-9134.4%
Free cash flow, TTM
-$18.33M
EPS, diluted, TTM
-$0.16
Cash
$47.21M
P/S
3021.35
Market cap
$756.1M
Annual revenue$236.9K
FY2023FY2025
Annual net income-$20.31M
FY2016FY2025
Annual free cash flow-$15.08M
FY2016FY2025

LWLG revenue and earnings growth

LWLG revenueQ2 2026$32.8K

Quarter YoY
+27.9%
QoQ
+12.3%
FY YoY
+147.7%

LWLG revenue was $32.8K in fiscal Q2 2026 (ended Jun 30, 2026), up 27.9% from a year earlier and up 12.3% from the prior quarter. For the full fiscal 2025 it was $236.9K, up 147.7% from fiscal 2024.

LWLG net incomeQ2 2026-$6.61M

LWLG net income was -$6.61M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$4.97M a year earlier. For the full fiscal 2025 it was -$20.31M, compared with -$22.54M in fiscal 2024.

LWLG EPSQ2 2026-$0.04

LWLG diluted EPS was -$0.04 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.04 a year earlier. For the full fiscal 2025 it was -$0.16, compared with -$0.19 in fiscal 2024.

LWLG free cash flowQ2 2026-$6.89M

LWLG free cash flow was -$6.89M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$3.81M a year earlier. For the full fiscal 2025 it was -$15.08M, compared with -$17.82M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$236.9K$95.6K$40.5K-------
Cost of revenue$6.8K$7.4K$2.5K-------
Gross profit$230.0K$88.2K$38.0K-------
Research and development$11.49M$16.81M$15.90M$12.81M$12.48M$4.59M$4.32M$3.79M$3.52M$2.47M
Selling, general and admin$9.50M$6.37M$5.36M$4.33M$4.52M$2.01M$2.00M$1.81M$2.00M$1.66M
Operating income-$20.76M-$23.09M-$21.23M-$17.14M-$17.00M-$6.60M-$6.32M-$5.60M-$5.52M-$4.14M
Interest expense--$673.6K$209.7K$2.06M$116.4K$407.8K$172.2K$226.1K$271.9K
Pre-tax income-$20.31M-$22.54M--------
Net income-$20.31M-$22.54M-$21.04M-$17.23M-$18.63M-$6.72M-$6.73M-$5.77M-$5.75M-$4.41M
EPS, basic--$0.19-$0.18-$0.15-$0.18-$0.07-$0.08-$0.08-$0.08-$0.07
EPS, diluted-$0.16-$0.19-$0.18-$0.15-$0.18-$0.07-$0.08-$0.08-$0.08-$0.07
Diluted shares128.6M120.6M115.5M111.8M105.2M91.9M83.3M76.4M70.9M66.2M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$69.02M$27.67M$31.43M$24.10M$23.43M$3.31M$2.24M$2.17M$3.48M$1.96M
Receivables$190.8K$45.6K$30.4K-------
Inventory---------$49.6K
Current assets$69.81M$28.12M$32.70M$25.36M$23.66M$3.87M$2.61M$2.71M$4.07M$2.09M
Total assets$79.19M$37.81M$41.78M$29.26M$27.23M$7.37M$6.82M$5.45M$5.85M$3.19M
Current liabilities$2.14M$1.79M$2.58M$1.50M$1.59M$933.0K$997.6K$395.4K$648.8K$127.9K
Total liabilities$4.54M$4.38M$5.35M$1.71M$2.02M$1.59M$1.92M$544.5K$833.1K$127.9K
Shareholders' equity$74.65M$33.42M$36.43M$27.55M$25.20M$5.78M$4.91M$4.91M$5.02M$3.06M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$13.75M-$15.55M-$12.24M-$10.53M-$10.30M-$4.87M-$4.77M-$4.40M-$4.36M-$3.15M
Capital expenditures$1.33M$2.27M$3.29M$1.31M$1.10M$158.1K$223.5K$1.04M$183.8K$129.2K
Free cash flow-$15.08M-$17.82M-$15.53M-$11.84M-$11.40M-$5.03M-$4.99M-$5.44M-$4.55M-$3.28M
Investing cash flow-$1.82M-$2.70M-$2.96M-$2.21M-$1.12M-$218.0K-$305.7K-$1.43M-$265.5K-$173.8K
Financing cash flow$56.92M$14.48M$22.52M$13.41M$31.55M$6.16M$5.13M$4.53M$6.15M$1.55M
Stock-based compensation---$5.81M$1.02M$539.4K$600.7K$387.7K$794.7K$436.2K
Depreciation and amortization$1.90M$1.68M$1.12M$1.05M$878.5K$784.4K$698.7K$465.8K$325.9K$195.6K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY147.7%136.1%--------
Gross margin97.1%92.3%93.8%-------
Operating margin-8765.5%-24150.6%-52405.5%-------
Net margin-8576.5%-23571.0%-51943.2%-------
Free cash flow margin-6367.2%-18637.0%-38339.5%-------
Return on equity-27.2%-67.4%-57.7%-62.5%-73.9%-116.3%-137.1%-117.6%-114.6%-144.0%
Return on assets-25.7%-59.6%-50.3%-58.9%-68.4%-91.2%-98.6%-105.9%-98.3%-138.3%
Current ratio32.6915.7512.6616.8614.924.152.626.866.2716.37

Source: XBRL data Lightwave Logic Inc. files with the SEC, latest filing dated Aug 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

LWLG peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
LWLG$250.3K+165.2%-$22.86M-9134.4%$756.1M
KMB$16.57B+0.6%$3.30B19.9%$68.69B
SW$31.48B+1.1%$473.00M1.5%$23.18B
PKG$9.82B+12.0%$727.10M7.4%$22.67B
BALL$15.13B+19.2%$532.00M3.5%$17.39B
AVY$9.36B+6.8%$708.30M7.6%$14.20B
CCK$13.77B+13.4%$857.00M6.2%$13.33B
WMS$3.26B+9.2%$405.49M12.4%$9.67B
REYN$3.80B+2.5%$323.00M8.5%$5.22B

LWLG FAQ

9 questions
  • What is LWLG revenue?
    Lightwave Logic Inc. (LWLG) reported $250.3K of revenue for the twelve months ended Jun 30, 2026. That is up 165.2% from the year before. Revenue for fiscal 2025 was $236.9K.
  • Is LWLG profitable?
    No. Lightwave Logic Inc. reported a net loss of $22.86M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does LWLG have?
    Lightwave Logic Inc. reported $47.21M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is LWLG revenue growing?
    Lightwave Logic Inc.'s revenue changed +147.7% in fiscal 2025, to $236.9K.
  • What is LWLG gross margin?
    Lightwave Logic Inc.'s gross profit was $247.6K on $250.3K of revenue for the twelve months ended Jun 30, 2026, a gross margin of 98.9%.
  • What is LWLG free cash flow?
    Lightwave Logic Inc. generated -$18.33M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$16.37M less capital expenditures.
  • What is LWLG earnings per share?
    Diluted earnings per share were -$0.16 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did LWLG last report financial results?
    The latest statements here come from Lightwave Logic Inc.'s 10-Q filed on Aug 14, 2026, covering the period ended Jun 30, 2026.
  • Where does this LWLG financial data come from?
    Quantisnow builds these statements from the structured XBRL data Lightwave Logic Inc. files with the SEC. It is provided for information only and is not investment advice.