Lightwave Logic, Inc. income statement LWLG

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Lightwave Logic, Inc. reported revenue of $236,855. It recorded a net loss of $20.3 million. The operating loss came to $20.8 million, an operating margin of -8765.5%. Diluted earnings per share were -$0.16. Over the twelve months ended Jun 30, 2026, revenue was $250,251 and the net loss was $23.6 million.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	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	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	0 +415.7%	0	0 -66.1%	0	—	—	—	—	—	—	—
Cost of revenue	0 -65.4%	0 -7.7%	0 +194.3%	0	—	—	—	—	—	—	—
Gross profit	0 +506.7%	0 +160.8%	0 +132.2%	0	—	—	—	—	—	—	—
Research and development	13 -2.9%	11 -31.6%	17 +5.7%	16 +24.2%	13 +2.6%	12 +171.8%	5 +6.3%	4 +13.8%	4 +7.8%	4 +42.2%	2 -12.4%
Selling, general and administrative	12 +63.8%	10 +49.1%	6 +18.9%	5 +23.7%	4 -4.1%	5 +125.0%	2 +0.5%	2 +10.7%	2 -9.9%	2 +20.7%	2 -17.8%
Operating expenses	25	21 -9.4%	23 +9.0%	21	—	—	—	—	—	—	—
Operating income	-25 -19.9%	-21 +10.1%	-23 -8.8%	-21 -23.8%	-17 -0.8%	-17 -157.5%	-7 -4.4%	-6 -12.8%	-6 -1.4%	-6 -33.6%	-4 +14.7%
Pretax income	—	-20	—	—	—	—	—	—	—	—	—
Net income	-24 -15.0%	-20 +9.9%	-23 -7.1%	-21 -22.1%	-17 +7.5%	-19 -177.4%	-7 +0.2%	-7 -16.5%	-6 -0.4%	-6 -30.5%	-4 +9.0%
Basic EPS	—	—	-0.19 -5.6%	-0.18 -20.0%	-0.15	—	—	—	—	—	—
Diluted EPS	-0.17 +0.1%	-0.16 +15.8%	-0.19 -5.6%	-0.18 -20.0%	-0.15	—	—	—	—	—	—
Weighted average shares, basic	—	—	121 +4.4%	115 +3.3%	112	—	—	—	—	—	—
Weighted average shares, diluted	142 +15.0%	129 +6.7%	121 +4.4%	115 +3.3%	112	—	—	—	—	—	—
Other measures
Depreciation and amortization	2 +6.9%	2 +13.1%	2 +50.4%	1 +7.1%	1 +19.0%	1 +12.0%	1 +12.3%	1 +50.0%	0 +42.9%	0 +66.6%	0 +8.7%
EBITDA	-23 -21.2%	-19 +11.9%	-21 -6.5%	-20 -24.9%	-16 +0.1%	-16 -177.2%	-6 -3.5%	-6 -9.5%	-5 +1.2%	-5 -31.9%	-4 +15.6%
Interest coverage	—	—	—	-31.51x	-81.73x	-8.25x	-56.72x	-15.50x	-32.53x	-24.43x	-15.21x
Margins
Gross margin	98.93%	97.12%	641.53%	93.80%	—	—	—	—	—	—	—
Operating margin	-9,970.12%	-8,765.46%	-167,921.04%	-52,405.47%	—	—	—	—	—	—	—
Pretax margin	—	-8,576.47%	—	—	—	—	—	—	—	—	—
Profit margin	-9,416.34%	-8,576.47%	-163,891.21%	-51,943.19%	—	—	—	—	—	—	—
EBITDA margin	-9,191.89%	-7,961.86%	-155,682.79%	-49,642.30%	—	—	—	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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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)

Source: SEC EDGAR filings. This is company-reported data, not investment advice.