Lightwave Logic, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:29:28Z
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Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -15.08M | -17.82M | -15.53M | -11.84M | -11.40M | -5.03M |
| EBITDA | -18.86M | -21.41M | -20.11M | -16.09M | -16.12M | -5.82M |
| Working Capital | 67.67M | 26.33M | 30.12M | 23.85M | 22.08M | 2.94M |
| Net Debt | -66.42M | -24.90M | -28.52M | -23.74M | -22.90M | -2.60M |
| Gross Margin | 97.12% | 92.27% | 93.80% | — | — | — |
| Operating Margin | -8765.46% | -24150.56% | -52405.47% | — | — | — |
| Net Margin | -8576.47% | -23570.99% | -51943.19% | — | — | — |
| Return on Equity (ROE) | -27.21% | -67.42% | -57.74% | -62.54% | -73.92% | -116.28% |
| Return on Assets (ROA) | -25.65% | -59.60% | -50.35% | -58.88% | -68.43% | -91.16% |
| Current Ratio | 32.69× | 15.75× | 12.66× | 16.86× | 14.92× | 4.15× |
| Debt-to-Equity | 0.03× | 0.08× | 0.08× | 0.01× | 0.02× | 0.12× |
| Cash Conversion Ratio | 0.68× | 0.69× | 0.58× | 0.61× | 0.55× | 0.73× |
| Accruals Ratio | -0.08× | -0.18× | -0.21× | -0.23× | -0.31× | -0.25× |
| SBC % of Revenue | 1977.02% | 5111.27% | 16596.92% | — | — | — |
| CapEx Coverage | -10.32× | -6.86× | -3.72× | -8.06× | -9.39× | -30.84× |
| Free Cash Flow Per Share | $-0.12 | $-0.15 | $-0.13 | $-0.11 | $-0.11 | $-0.05 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 236.85K | 95.61K | 40.50K | — | — | — |
| Cost of Goods and Services Sold | 6.82K | 7.39K | 2.51K | — | — | — |
| Gross Profit | — | 88.21K | 37.99K | — | — | — |
| Research and Development Expense | 11.49M | 16.81M | 15.90M | 12.81M | 12.48M | 4.59M |
| Operating Expenses | 21.00M | 23.18M | 21.26M | 17.14M | 17.00M | 6.60M |
| Operating Income (Loss) | -20.76M | -23.09M | -21.23M | -17.14M | -17.00M | -6.60M |
| Net Income (Loss) Attributable to Parent | -20.31M | -22.54M | -21.04M | -17.23M | -18.63M | -6.72M |
| Earnings Per Share, Basic | — | $-0.19 | $-0.18 | $-0.15 | $-0.18 | $-0.07 |
| Weighted Average Number of Shares Outstanding, Basic | — | 120.60M | 115.47M | 111.81M | 105.22M | 91.86M |
| Earnings Per Share, Diluted | $-0.16 | $-0.19 | $-0.18 | $-0.15 | $-0.18 | $-0.07 |
| Weighted Average Number of Shares Outstanding, Diluted | 128.63M | 120.60M | 115.47M | 111.81M | 105.22M | 91.86M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 69.02M | 27.67M | 31.43M | 24.10M | 23.43M | 3.31M |
| Assets, Current | 69.81M | 28.12M | 32.70M | 25.36M | 23.66M | 3.87M |
| Assets | 79.19M | 37.81M | 41.78M | 29.26M | 27.23M | 7.37M |
| Liabilities, Current | 2.14M | 1.79M | 2.58M | 1.50M | 1.59M | 933.03K |
| Liabilities | 4.54M | 4.38M | 5.35M | 1.71M | 2.02M | 1.59M |
| Stockholders' Equity Attributable to Parent | 74.65M | 33.42M | 36.43M | 27.55M | 25.20M | 5.78M |
| Common Stock, Shares, Outstanding | 146.05M | 123.30M | 118.14M | 112.88M | 110.56M | 97.78M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -13.75M | -15.55M | -12.24M | -10.53M | -10.30M | -4.87M |
| Payments to Acquire Property, Plant, and Equipment | 1.33M | 2.27M | 3.29M | 1.31M | 1.10M | 158.06K |
| Net Cash Provided by (Used in) Investing Activities | -1.82M | -2.70M | -2.96M | -2.21M | -1.12M | -217.98K |
| Net Cash Provided by (Used in) Financing Activities | 56.92M | 14.48M | 22.52M | 13.41M | 31.55M | 6.16M |
Derived Metrics
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -3.69M | -11.39M | -8.15M | -4.34M | -3.47M | -14.35M |
| EBITDA | -4.60M | — | — | -4.45M | -5.26M | — |
| Working Capital | 67.67M | 34.32M | 21.66M | 24.01M | 26.33M | 26.35M |
| Net Debt | -66.42M | -32.30M | -19.42M | -22.32M | -24.90M | -24.08M |
| Gross Margin | 99.16% | 81.17% | 86.48% | 91.15% | 95.71% | 94.61% |
| Operating Margin | -3186.10% | -17757.48% | -19137.60% | -21404.99% | -24879.33% | -23115.30% |
| Net Margin | -3043.40% | -17488.03% | -19397.12% | -20495.81% | -24150.34% | -23131.93% |
| Return on Equity (ROE) | -6.49% | -12.38% | -17.22% | -14.89% | -16.56% | -15.84% |
| Return on Assets (ROA) | -6.12% | -11.39% | -15.31% | -13.18% | -14.64% | -14.24% |
| Current Ratio | 32.69× | 31.06× | 20.72× | 16.62× | 15.75× | 24.48× |
| Debt-to-Equity | 0.03× | 0.06× | 0.09× | 0.09× | 0.08× | 0.08× |
| Cash Conversion Ratio | 0.68× | 2.05× | 1.46× | 0.74× | 0.57× | 2.34× |
| Accruals Ratio | -0.02× | 0.12× | 0.07× | -0.03× | -0.06× | 0.19× |
| SBC % of Revenue | 917.82% | 3912.82% | 4301.51% | 4272.78% | 4858.62% | 5377.02% |
| CapEx Coverage | -8.75× | -10.95× | -8.12× | -4.09× | -9.45× | -6.41× |
| Free Cash Flow Per Share | $-0.03 | $-0.09 | $-0.07 | $-0.04 | $-0.03 | $-0.12 |
Valuation Metrics
Income Statement
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Revenues | 159.17K | 29.17K | 25.61K | 22.92K | 22.92K | 22.92K |
| Cost of Goods and Services Sold | 1.33K | 5.49K | 3.46K | 2.03K | 984 | 1.24K |
| Gross Profit | — | — | — | 20.89K | — | — |
| Research and Development Expense | 2.84M | 2.92M | 2.62M | 3.09M | 4.00M | 3.83M |
| Operating Expenses | 5.24M | 5.21M | 4.93M | 4.93M | 5.73M | 5.32M |
| Operating Income (Loss) | -5.07M | -5.18M | -4.90M | -4.91M | -5.70M | -5.30M |
| Income Tax Expense (Benefit) | — | 0 | 0 | 0 | — | 0 |
| Net Income (Loss) Attributable to Parent | -4.84M | -5.10M | -4.97M | -4.70M | -5.53M | -5.30M |
| Earnings Per Share, Basic | — | $-0.04 | $-0.04 | $-0.04 | $-0.05 | $-0.04 |
| Weighted Average Number of Shares Outstanding, Basic | — | 129.64M | 125.27M | 123.93M | 120.60M | 120.90M |
| Earnings Per Share, Diluted | $-0.04 | $-0.04 | $-0.04 | $-0.04 | $-0.05 | $-0.04 |
| Weighted Average Number of Shares Outstanding, Diluted | 128.63M | 129.64M | 125.27M | 123.93M | 120.60M | 120.90M |
Balance Sheet
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 69.02M | 34.94M | 22.11M | 25.05M | 27.67M | 26.88M |
| Assets, Current | 69.81M | 35.46M | 22.76M | 25.55M | 28.12M | 27.47M |
| Assets | 79.19M | 44.79M | 32.44M | 35.64M | 37.81M | 37.24M |
| Liabilities, Current | 2.14M | 1.14M | 1.10M | 1.54M | 1.79M | 1.12M |
| Liabilities | 4.54M | 3.60M | 3.60M | 4.09M | 4.38M | 3.76M |
| Stockholders' Equity Attributable to Parent | 74.65M | 41.19M | 28.83M | 31.55M | 33.42M | 33.47M |
| Common Stock, Shares, Outstanding | 146.05M | 132.71M | 126.47M | 124.65M | 123.30M | 121.47M |
Cash Flow Statement
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -3.31M | -10.44M | -7.26M | -3.49M | -3.14M | -12.41M |
| Payments to Acquire Property, Plant, and Equipment | 378.59K | 953.18K | 893.89K | 853.54K | 331.98K | 1.94M |
| Net Cash Provided by (Used in) Investing Activities | -590.83K | -1.23M | -1.00M | -899.42K | -419.25K | -2.28M |
| Net Cash Provided by (Used in) Financing Activities | 37.98M | 18.94M | 2.70M | 1.77M | 4.34M | 10.14M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (LWLG CIK 0001325964),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.