FY2025 · ended Dec 31, 2025 · Revenue $236,855, +1622.6% YoY · Filed Mar 20, 2026
Lightwave Logic, Inc. (LWLG) files with the SEC under industry code 3080, Miscellaneous Plastics Products. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $236,855 and a net loss of $20.3 million. Free cash flow was -$15.1 million. As of Jun 30, 2026 it held $95.9 million in cash and investments and $2.5 million in total debt.
Revenue (TTM)
$250,251
+415.7% vs year-ago TTM
Net income (TTM)
$-23.56M
-15.0% vs year-ago TTM
Operating cash flow (TTM)
$-16.37M
-17.0% vs year-ago TTM
Free cash flow (TTM)
$-18.33M
-17.8% vs year-ago TTM
EPS (TTM)
$-0.17
+0.1% vs year-ago TTM
Dividend per share
None
Shares outstanding
148.83M
+19.3% vs prior year
Net cash
$93.41M
as of Jun 30, 2026
Operating margin
-9970.1%
FY 2026
Company profile
- Industry
- Miscellaneous Plastics Products (SIC 3080)
- Listed as
- LWLG (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- NV
- Headquarters
- Englewood, CO
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1325964
- Former names
- THIRD-ORDER NANOTECHNOLOGIES INC (until Feb 19, 2008); THIRD-ORDER NANOTECHNOLOIES INC (until Feb 12, 2007); PSI TEC HOLDINGS INC (until Sep 8, 2006)
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $236,855 | $13,750 | $40,502 | — | — |
| Operating income | -$20.8M | -$23.1M | -$21.2M | -$17.1M | -$17.0M |
| Net income | -$20.3M | -$22.5M | -$21.0M | -$17.2M | -$18.6M |
| Diluted EPS | -$0.16 | -$0.19 | -$0.18 | -$0.15 | — |
| Operating cash flow | -$13.7M | -$15.6M | -$12.2M | -$10.5M | -$10.3M |
| Free cash flow | -$15.1M | -$17.8M | -$15.5M | -$11.8M | -$11.4M |
| Total assets | $79.2M | $37.8M | $41.8M | $29.3M | $27.2M |
| Total liabilities | $4.5M | $4.4M | $5.3M | $1.7M | $2.0M |
| Stockholders' equity | $74.6M | $33.4M | $36.4M | $27.6M | $25.2M |
| Cash and investments | $69.0M | $27.7M | $31.4M | $24.1M | $23.4M |
| Total debt | $2.6M | $2.8M | $2.9M | $358,254 | $536,447 |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Sep 29, 2026 | Sep 23, 2026 |
| 10-Q | Quarterly report | Aug 14, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Jul 20, 2026 | Jul 20, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 27, 2026 | May 21, 2026 |
| 10-Q | Quarterly report | May 15, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Material agreement
|
Apr 21, 2026 | Apr 20, 2026 |
All 709 Lightwave Logic, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.