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Lightwave Logic, Inc.

LWLG

$8.13 ▲ +0.56 (+7.33%) at close

24 Visible periods

22 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Lightwave Logic, Inc. faces fundamental challenges with weakness in Return on Common Equity (%). The fundamentals warrant careful consideration of downside risks.

Market Cap —

Dividend Yield —

Revenue Growth 147.7% ↗

Op. Margin —

ROIC -22.0% ↗

FCF / Share None

Trailing P/E —

Price / Book 15.9x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

24-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$236.85K

↑ +147.7% —

Net Income Profit after all expenses

$-20.31M

↑ +9.9% —

FCF / Share Free cash flow per share

$-0.15

↓ -9.9% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Returns ↑

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗
Revenue Growth YoY (%)	147.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2855%)	136.1% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2621%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	—	-5.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-20.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	16.7% Good Good Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	9.9% Fair ↑ Fair Improving Year-over-year change in net income	-7.1% Weak ↑ Weak Improving Year-over-year change in net income	-22.1% Weak ↑ Weak Improving Year-over-year change in net income	7.5% Fair ↑ Fair Improving Year-over-year change in net income	-177.4% Weak ↓ Weak Declining Year-over-year change in net income	0.2% Caution ↑ Caution Improving Year-over-year change in net income	-16.5% Weak ↓ Weak Declining Year-over-year change in net income	-0.4% Weak ↑ Weak Improving Year-over-year change in net income	-30.5% Weak ↓ Weak Declining Year-over-year change in net income	9.0% Fair ↓ Fair Declining Year-over-year change in net income	-9.9% Weak ↑ Weak Improving Year-over-year change in net income	-12.7% Weak ↑ Weak Improving Year-over-year change in net income	86.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-715.9% Weak ↓ Weak Declining Year-over-year change in net income	6.2% Fair ↑ Fair Improving Year-over-year change in net income	-36.4% Weak ↓ Weak Declining Year-over-year change in net income	37.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-2.8% Weak ↑ Weak Improving Year-over-year change in net income	-44.0% Weak ↑ Weak Improving Year-over-year change in net income	-70.4% Weak Weak Year-over-year change in net income	-138.4% Weak Weak Year-over-year change in net income	—	—	—
FCF Growth YoY (%)	—	-9.9% Weak ↑ Weak Improving Year-over-year change in free cash flow	-27.0% Weak Weak Year-over-year change in free cash flow	-0.0% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗
FCF / Net Income (x)	0.74x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.79x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.74x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.69x Weak → Weak Stable Free cash flow relative to reported net income Optimal: > 1x	0.60x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.75x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.74x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.94x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.79x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.74x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	0.75x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.41x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.49x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.39x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗
Return on Invested Capital (%)	-22.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-54.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-46.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-49.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-53.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-90.3% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-101.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-90.2% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-87.0% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-106.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-76.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-85.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—
Return on Capital (%) (%)	-26.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-61.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-50.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-58.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-62.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-89.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-92.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-102.7% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-94.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-129.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-94.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	-102.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—
Return on Common Equity (%) (%)	-27.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-281%)	-67.4% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-549%)	-57.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-485%)	-62.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-517%)	-73.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-593%)	-116.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-875%)	-137.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1014%)	-117.6% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-884%)	-114.6% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-864%)	-144.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1060%)	-96.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-745%)	-108.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-825%)	-125.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-935%)	—	—	-273.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1926%)	—	—	—	—	-207.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1480%)	191.6% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1177%)	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗
Interest Coverage (x)	—	—	-31.51x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-81.73x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-8.25x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-56.72x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-15.50x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-32.53x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-24.43x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-15.21x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	-260.54x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—	—	—	—	—	—
Net Debt (USD)	$-69.02M	$-27.67M	$-31.43M	$-24.10M	$-23.43M	$-3.31M	$-2.24M	$-2.17M	$-3.48M	$-1.96M	$-3.73M	$-3.17M	$-2.27M	$-2.94M	$-359.82K	$-953.87K	$-459.99K	—	—	—	—	—	$-5.33K	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗
Revenue per Share (USD)	—	$0.00	$0.00	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	—	$-0.19	$-0.18	$-0.15	$-0.18	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	—	$-0.15	$-0.13	$-0.11	$-0.11	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$0.51	$0.27	$0.31	$0.24	$0.23	$0.06	$0.06	$0.06	$0.07	$0.04	$0.08	$0.07	$0.06	—	—	—	—	—	—	—	—	—	—	—
Tangible Book Value per Share (USD)	$0.51	$0.27	$0.31	$0.24	$0.23	$0.06	$0.06	$0.06	$0.07	$0.04	$0.08	$0.07	$0.06	—	—	—	—	—	—	—	—	—	—	—
Basic Weighted Avg Shares (shares)	—	120.60M	115.47M	111.81M	105.22M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗
Working Capital (USD)	$67.67M	$26.33M	$30.12M	$23.85M	$22.08M	$2.94M	$1.61M	$2.32M	$3.42M	$1.97M	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$74.65M	$33.42M	$36.43M	$27.55M	$25.20M	$5.78M	$4.91M	$4.91M	$5.02M	$3.06M	$5.01M	$4.06M	$3.12M	$3.66M	$683.01K	$1.36M	$746.99K	$206.54K	$653.18K	$574.77K	$831.88K	$-376.97K	$-15.83K	$-15.83K

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗
Sales/Revenue/Turnover (USD)	$236.85K	$95.61K	$40.50K	—	—	—	—	—	—	—	—	$2.50K	—	$3.20K	—	$3.20K	—	—	—	—	—	—	—	—
Depreciation Expense (USD)	$1.82M	$1.56M	$1.04M	$967.00K	$792.00K	$701.01K	$617.74K	$400.78K	$182.01K	$179.72K	$160.07K	$136.32K	$111.91K	$53.39K	$26.71K	—	—	—	—	—	—	—	—	—
Net Income, GAAP (USD)	$-20.31M	$-22.54M	$-21.04M	$-17.23M	$-18.63M	$-6.72M	$-6.73M	$-5.77M	$-5.75M	$-4.41M	$-4.85M	$-4.41M	$-3.91M	$-28.42M	$-3.48M	$-3.71M	$-2.72M	$-4.34M	$-4.22M	$-2.93M	$-1.72M	$-722.15K	—	—
Operating Cash Flow (USD)	$-13.75M	$-15.55M	$-12.24M	$-10.53M	$-10.04M	$-4.87M	$-4.77M	$-4.40M	$-4.36M	$-3.15M	—	—	$-2.84M	$-11.14M	$-1.68M	$-1.44M	—	—	—	—	—	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 24 years · 87 quarters

Lightwave Logic, Inc.

Analytical Summary

24-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

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