Lightwave Logic, Inc. (LWLG)

Lightwave Logic Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	47.21	69.02	27.67	31.43	24.1	23.43
Short-Term Investments	48.7	-	-	-	-	-
Cash & Short-Term Investments	95.91	69.02	27.67	31.43	24.1	23.43
Cash Growth	333.85%	149.45%	-11.97%	30.41%	2.86%	608.66%
Accounts Receivable	0.02	0.19	0.05	0.03	-	-
Other Receivables	0.25	-	-	0	0.01	-
Receivables	0.27	0.19	0.05	0.03	0.66	-
Prepaid Expenses	0.91	0.41	0.35	1	0.45	0.2
Other Current Assets	0.99	0.2	0.05	0.23	0.15	0.03
Total Current Assets	98.08	69.81	28.12	32.7	25.36	23.66
Property, Plant & Equipment	8.12	7.66	8.34	7.83	2.88	2.72
Other Intangible Assets	1.88	1.71	1.36	1.25	1.03	0.85
Total Assets	108.08	79.19	37.81	41.78	29.26	27.23

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	0.45	0.48	0.52	1.45	0.79	0.22
Accrued Expenses	0.81	1.46	1.08	0.91	0.48	1.15
Current Portion of Leases	0.21	0.19	0.17	0.14	0.19	0.18
Current Unearned Revenue	0.1	0.01	0.02	0.04	-	-
Other Current Liabilities	-	-	-	0.04	0.04	0.04
Total Current Liabilities	1.56	2.14	1.79	2.58	1.5	1.59
Long-Term Leases	2.29	2.4	2.6	2.77	0.17	0.36
Other Long-Term Liabilities	-	-	-	-	0.04	0.08
Total Liabilities	3.86	4.54	4.38	5.35	1.71	2.02

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.15	0.15	0.12	0.12	0.11	0.11
Additional Paid-In Capital	284.46	242.02	180.96	164.62	134.41	114.7
Retained Earnings	-180.23	-167.31	-147	-127.87	-106.83	-89.6
Comprehensive Income & Other	-0.16	-0.2	-0.66	-0.43	-0.13	-
Shareholders' Equity	104.22	74.65	33.42	36.43	27.55	25.2
Total Liabilities & Equity	108.08	79.19	37.81	41.78	29.26	27.23

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	2.5	2.6	2.77	2.91	0.36	0.54
Net Cash (Debt)	93.41	66.42	24.9	28.52	23.74	22.9
Net Cash Growth	380.94%	166.73%	-12.69%	20.12%	3.70%	779.56%
Net Cash Per Share	0.66	0.52	0.21	0.25	0.21	0.22
Filing Date Shares Outstanding	154.17	148.83	124.8	119.18	113.22	110.98
Total Common Shares Outstanding	154.17	146.05	123.3	118.14	112.88	110.56
Working Capital	96.52	67.67	26.33	30.12	23.85	22.08
Book Value Per Share	0.68	0.51	0.27	0.31	0.24	0.23
Tangible Book Value	102.34	72.93	32.07	35.18	26.52	24.36
Tangible Book Value Per Share	0.66	0.50	0.26	0.30	0.23	0.22
Machinery	13.88	12.45	11.16	9.16	6.39	5.08
Leasehold Improvements	0.48	0.44	0.43	0.4	0.18	0.25

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: May 15, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 22, 2026

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