Lightwave Logic, Inc. (LWLG) Financial Statements
Industry: Miscellaneous Plastics Products
In fiscal 2025, Lightwave Logic reported revenue of $236,855, up 147.7% from $95,605 the year before. Net income was -$20.3M (a -8576.5% net margin), or -$0.16 per diluted share. Gross margin was 97.1% and operating margin was -8765.5%. Operating activities generated -$13.7M of cash, leaving -$15.1M of free cash flow. At fiscal year end, Lightwave Logic held $79.2M in total assets against $4.5M in total liabilities, including $69.0M of cash and equivalents.
Open the full interactive Lightwave Logic financials → Quarterly statements, key ratios, valuation history and price charts.
Lightwave Logic Key Stats
| Share Price | $4.31 |
|---|---|
| Market Cap | $661.5M |
| Revenue YoY Growth | +147.7% |
| 52-Week Range | $2.97 – $18.22 |
| Shares Outstanding | 153.5 million (basic, 2026 Q2) |
Lightwave Logic Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $40,502 | $95,605 | $236,855 |
| Cost of Goods Sold | — | — | — | $2,513 | $7,395 | $6,823 |
| Gross Profit | — | — | — | $37,989 | $88,210 | $230,032 |
| Operating Income | -$6.6M | -$17.0M | -$17.1M | -$21.2M | -$23.1M | -$20.8M |
| Pre-Tax Income | -$6.7M | -$18.6M | -$17.2M | -$21.0M | -$22.5M | -$20.3M |
| Net Income | -$6.7M | -$18.6M | -$17.2M | -$21.0M | -$22.5M | -$20.3M |
| Diluted EPS | -$0.07 | -$0.18 | -$0.15 | -$0.18 | -$0.19 | -$0.16 |
Lightwave Logic Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $29,166 | $159,167 | $29,167 | $32,751 |
| Net Income | -$5.1M | -$4.8M | -$6.3M | -$6.6M |
| Diluted EPS | -$0.04 | -$0.04 | -$0.04 | -$0.04 |
Lightwave Logic Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.3M | $23.4M | $24.1M | $31.4M | $27.7M | $69.0M |
| Current Assets | $3.9M | $23.7M | $25.4M | $32.7M | $28.1M | $69.8M |
| Total Assets | $7.4M | $27.2M | $29.3M | $41.8M | $37.8M | $79.2M |
| Current Liabilities | $933,032 | $1.6M | $1.5M | $2.6M | $1.8M | $2.1M |
| Total Liabilities | $1.6M | $2.0M | $1.7M | $5.3M | $4.4M | $4.5M |
| Shareholders' Equity | $5.8M | $25.2M | $27.6M | $36.4M | $33.4M | $74.6M |
Lightwave Logic Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$4.9M | -$10.0M | -$10.5M | -$12.2M | -$15.6M | -$13.7M |
| Cash From Investing | -$217,984 | -$1.1M | -$2.2M | -$3.0M | -$2.7M | -$1.8M |
| Cash From Financing | $6.2M | $31.3M | $13.3M | $22.5M | $14.5M | $56.9M |
| Free Cash Flow | -$5.0M | -$11.1M | -$11.8M | -$15.5M | -$17.8M | -$15.1M |
Figures from Lightwave Logic's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Lightwave Logic financials page for every line item.
Lightwave Logic Company Profile
| Ticker | LWLG |
|---|---|
| Exchange | Nasdaq |
| Industry | Miscellaneous Plastics Products |
| Headquarters | Englewood, Colorado |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001325964 |
Frequently Asked Questions
What was Lightwave Logic's revenue in fiscal 2025?
Lightwave Logic (LWLG) reported revenue of $236,855 for fiscal 2025.
What is Lightwave Logic's annual revenue history?
Lightwave Logic's annual revenue by fiscal year: 2023: $40,502; 2024: $95,605; 2025: $236,855.
What was Lightwave Logic's net income in fiscal 2025?
Lightwave Logic reported net income of -$20.3M for fiscal 2025.
What was Lightwave Logic's earnings per share (EPS) in fiscal 2025?
Lightwave Logic's diluted EPS was -$0.16 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Lightwave Logic generate in fiscal 2025?
Lightwave Logic generated -$15.1M of free cash flow in fiscal 2025.
What was Lightwave Logic's revenue last quarter?
In its most recent reported quarter (2026 Q2), Lightwave Logic reported revenue of $32,751.
How many shares of Lightwave Logic are outstanding?
Lightwave Logic reported a weighted average of 153.5 million basic shares outstanding in 2026 Q2.
What is Lightwave Logic's market cap?
Based on its latest closing price, Lightwave Logic (LWLG) has a market capitalization of about $661.5M.
When does Lightwave Logic's fiscal year end?
Lightwave Logic's fiscal year end, as registered with the SEC, is December 31.
Where is Lightwave Logic headquartered?
Lightwave Logic lists its business address in Englewood, Colorado in its SEC filings.