Lightwave Logic, Inc.
LWLG Nasdaq· Miscellaneous Plastics Products
Last close · Oct 27, 2026
$4.60
KIRA · Stoqly’s AI analyst, in plain words
- Lightwave Logic, Inc. had $0.2M of revenue in fiscal 2025, up 147.8% on the year before.
- Its operating margin was −8,763.8%, up 15,388.0 pts: of every 100 in sales, about −8,764 is left after running the business.
- Lightwave Logic, Inc. lost $20.3M in fiscal 2025.
- Free cash flow was −$15.1M in fiscal 2025, −6,366.0% of revenue.
Market cap
$706M
P/E
—
Revenue
$0.2M
Net income
−$20.3M
Free cash flow
−$15.1M
Operating margin
−8,763.8%
Lightwave Logic, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+147.8%
Yes. Sales grew 147.8% last year.
Does it make a profit?
−8,574.8%
No. It lost money last year.
Does profit turn into cash?
−6,366.0%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Lightwave Logic, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 20, 2026
- Legal name
- Lightwave Logic, Inc.
- CIK
- 0001325964
Lightwave Logic, Inc. · LWLG
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | — | — | $0.0M | $0.1M | $0.2M |
| Revenue growth | — | — | — | 136.0% | 147.8% |
| Gross margin | — | — | 93.8% | 92.3% | 97.1% |
| Operating margin | — | — | −52,408.1% | −24,151.8% | −8,763.8% |
| Net income | −$18.6M | −$17.2M | −$21.0M | −$22.5M | −$20.3M |
| Net margin | — | — | −51,945.7% | −23,572.2% | −8,574.8% |
| Diluted EPS | −$0.18 | −$0.15 | −$0.18 | −$0.19 | −$0.16 |
| Cash | |||||
| Cash from operations | −$10.3M | −$10.5M | −$12.2M | −$15.6M | −$13.7M |
| Capital expenditure | $1.1M | $1.3M | $3.3M | $2.3M | $1.3M |
| Free cash flow | −$11.4M | −$11.8M | −$15.5M | −$17.8M | −$15.1M |
| FCF margin | — | — | −38,341.2% | −18,638.0% | −6,366.0% |
| Share count change | 14.5% | 6.3% | 3.3% | 4.4% | 6.7% |
| Debt and strength | |||||
| Cash and short-term investments | $23.4M | $24.1M | $31.4M | $27.7M | $69.0M |
| Shareholders' equity | $25.2M | $27.6M | $36.4M | $33.4M | $74.6M |
| Current ratio | 14.9x | 16.9x | 12.7x | 15.7x | 32.7x |
| Interest coverage | −8.3x | −81.7x | −31.5x | — | — |
| Returns and quality | |||||
| Return on equity | −120.3% | −65.3% | −65.8% | −64.5% | −37.6% |
| Return on tangible equity | −76.5% | −65.0% | −59.8% | −70.3% | −27.9% |
| Piotroski F-score | — | — | — | 3 | 5 |
| Altman Z'' | 3.5 | 6.4 | −1.2 | −4.2 | 14.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.4M
6 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Lightwave Logic, Inc. · LWLG
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $4.60 a share, the company is worth $706M.
Source: SEC EDGAR XBRL filings (CIK 0001325964). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.