Revenue
$236.86K
Fiscal year ended 2025-12-31Operating income
-$20.76M
Fiscal year ended 2025-12-31Free cash flow
-$15.08M
Fiscal year ended 2025-12-31Lightwave Logic, Inc. (LWLG) reported revenue of $236.86K and net income of -$20.31M for the fiscal year ended 2025-12-31. This page shows 4 annual periods of income statement, balance sheet and cash flow figures normalized from Lightwave Logic, Inc.’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2014-12-31 |
|---|---|---|---|---|
| Revenue | $236.86K | $95.60K | $40.50K | $2.50K |
| Cost of revenue | $6.82K | $7.40K | $2.51K | Unavailable |
| Gross profit | $230.03K | $88.21K | $37.99K | Unavailable |
| Operating income | -$20.76M | -$23.09M | -$21.23M | -$4.39M |
| Net income | -$20.31M | -$22.54M | -$21.04M | -$4.41M |
| Research & development | $11.49M | $16.81M | $15.90M | $2.85M |
| Weighted-average diluted shares | shares 128.63M | shares 120.60M | shares 115.47M | Unavailable |
| Pretax income | -$20.31M | -$22.54M | Unavailable | Unavailable |
| Income tax expense | Unavailable | Unavailable | Unavailable | Unavailable |
| Diluted EPS | $-0.16 | $-0.19 | $-0.18 | Unavailable |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $9.50M | $6.37M | $5.36M | $1.55M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2014-12-31 |
|---|---|---|---|---|
| Cash & equivalents | $69.02M | $27.67M | $31.43M | $3.17M |
| Total assets | $79.19M | $37.81M | $41.78M | $4.28M |
| Current assets | $69.81M | $28.12M | $32.70M | $3.29M |
| Total liabilities | $4.54M | $4.38M | $5.35M | $221.84K |
| Current liabilities | $2.14M | $1.79M | $2.58M | Unavailable |
| Total equity incl. NCI | $74.65M | $33.42M | $36.43M | $4.06M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $190.75K | $45.56K | $30.38K | Unavailable |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | $477.94K | $515.96K | $1.45M | $178.16K |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2014-12-31 |
|---|---|---|---|---|
| Operating cash flow | -$13.75M | -$15.55M | -$12.24M | -$3.14M |
| Capital expenditures | $1.33M | $2.27M | $3.29M | $213.19K |
| Investing cash flow | -$1.82M | -$2.70M | -$2.96M | -$294.54K |
| Financing cash flow | $56.92M | $14.48M | $22.52M | $4.33M |
| Net change in cash | Unavailable | Unavailable | Unavailable | $895.24K |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | $824.73K |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $1.90M | $1.68M | $1.12M | $151.18K |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2014-12-31 |
|---|---|---|---|---|
| Free cash flow | -$15.08M | -$17.82M | -$15.53M | Unavailable |
| Gross margin | 97.1% | Unavailable | 93.8% | Unavailable |
| Operating margin | -8765.5% | -24150.6% | -52405.5% | -175727.4% |
| FCF margin | -6367.2% | -18637.0% | -38339.5% | Unavailable |
| SBC / revenue | Unavailable | Unavailable | Unavailable | 32989.0% |
| Current ratio | 32.69x | 15.75x | 12.66x | Unavailable |
| Revenue YoY growth | 147.7% | 136.1% | Unavailable | Unavailable |
| Net margin | -8576.5% | -23571.0% | -51943.2% | -176391.9% |
| R&D / revenue | 4850.9% | 17579.2% | 39266.4% | 113984.8% |
| CapEx / revenue | 562.3% | 2371.6% | 8128.5% | 8527.6% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open LWLG in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-14View SEC filing
10-Q · Filed 2026-05-15View SEC filing
10-K · Filed 2026-03-20View SEC filing
10-Q/A · Filed 2026-01-20View SEC filing
10-Q · Filed 2025-11-14View SEC filing
10-Q · Filed 2025-08-14View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.