Lightwave Logic, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $236,855 | $95,605 | $40,502 | — | — |
| Gross profit | — | $88,210 | $37,989 | — | — |
| Operating income | -$20.8M | -$23.1M | -$21.2M | -$17.1M | -$17.0M |
| Operating expenses | $21.0M | $23.2M | $21.3M | $17.1M | $17.0M |
| Cost of revenue | $6,823 | $7,395 | $2,513 | — | — |
| Cash from operations | -$13.7M | -$15.6M | -$12.2M | -$10.5M | -$10.3M |
| Capital expenditure | $1.3M | $2.3M | $3.3M | $1.3M | $1.1M |
| Free cash flow | -$15.1M | -$17.8M | -$15.5M | -$11.8M | -$11.4M |
| Impairments | — | $0 | $0 | $0 | $0 |
| Total assets | $79.2M | $37.8M | $41.8M | $29.3M | $27.2M |
| Total liabilities | $4.5M | $4.4M | $5.3M | $1.7M | $2.0M |
Shares outstanding 154.1M · Free float 97.8%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.