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Lightwave Logic (LWLG) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Lightwave Logic (LWLG) Q2 2026 earnings results →

Q2 2026 Revenue up 28% year over year to $33K

Lightwave Logic made $33K in Q2 2026 (+28% Y/Y). Operating margin n/m, net loss $6.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$33K
Year over year+28%
Operating marginn/m
Net earnings−$6.6M
Operating cash flow−$5.8M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $33K in Q2 2026, up 28% year over year and up 12% from the previous quarter.

Operating costs exceeded revenue by $7.3M, an operating margin of -22195.2%. Total costs grew 48% against revenue growth of 28%. The fastest-growing cost line was General & admin (+49%). The quarter ended with a net loss of $6.6M, wider than the previous quarter's $6.3M loss.

Operating cash flow was −$5.8M. Non-cash charges added back $491K of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $1.5M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$6.9M.

Quarterly history

Lightwave Logic revenue by quarterLightwave Logic revenue by quarter$23KQ4 2024$23KQ1 2025$26KQ2 2025$29KQ3 2025$159KQ4 2025$29KQ1 2026$33KQ2 2026
Lightwave Logic net earnings by quarterLightwave Logic net earnings by quarter−$5.5MQ4 2024−$4.7MQ1 2025−$5.0MQ2 2025−$5.1MQ3 2025−$4.8MQ4 2025−$6.3MQ1 2026−$6.6MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 14, 2026$33K+28%n/m−$6.6M−$5.8M
Q1 202610-QMay 15, 2026$29K+27%n/m−$6.3M−$4.1M
Q4 202510-KMar 20, 2026$159K+594%n/m−$4.8M−$3.3M
Q3 202510-QNov 14, 2025$29K+27%n/m−$5.1M−$3.2M
Q2 202510-QAug 14, 2025$26K+32%n/m−$5.0M−$3.8M
Q1 202510-QMay 13, 2025$23K-25%n/m−$4.7M−$3.5M
Q4 202410-KMar 18, 2025$23K—n/m−$5.5M−$3.1M

Charts

Lightwave Logic: revenue growth, year over year and quarter over quarterLightwave Logic: revenue growth, year over year and quarter over quarterY/YQ/Q-25%+0%Q1 2025+32%+12%Q2 2025+27%+14%Q3 2025+400%+400%Q4 2025+27%-82%Q1 2026+28%+12%Q2 2026
Latest (Q2 2026): Y/Y +28%, Q/Q +12%.
Lightwave Logic: where the cash came from (+) and went (−), TTM to Q2 2026Lightwave Logic: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$85.7MOther investing−$49.3MCash drawn (+) / kept (−)−$25.1MOperating cash flow−$16.4MShares issued$7.0MCapital spending−$2.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Lightwave Logic: profit against cash, quarter by quarterLightwave Logic: profit against cash, quarter by quarterNet incomeOperating cash flow−$5.3M−$3.6MQ3 2024−$5.5M−$3.1MQ4 2024−$4.7M−$3.5MQ1 2025−$5.0M−$3.8MQ2 2025−$5.1M−$3.2MQ3 2025−$4.8M−$3.3MQ4 2025−$6.3M−$4.1MQ1 2026−$6.6M−$5.8MQ2 2026
Latest (Q2 2026): Net income −$6.6M, Operating cash flow −$5.8M.
Lightwave Logic: diluted shares by fiscal yearLightwave Logic: diluted shares by fiscal year92MFY2020105MFY2021112MFY2022115MFY2023121MFY2024129MFY2025
+40.0% since FY2020: more shares outstanding (issuance, stock pay).

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Lightwave Logic

Lightwave Logic, Inc. is a specialty materials and intellectual property company focused on the development and commercialization of proprietary electro-optic (“EO”) polymer materials designed to enable high-speed optical modulators for data communications and other photonic applications. We do not manufacture optical transceivers, photonic devices, or complete optical modules. Instead, our strategy is to commercialize our technology through a combination of material sales, intellectual property licensing, process design kit (“PDK”) enablement, and royalty or other fee-based arrangements tied to customer production.

In its own words, from its 10-Q, filed Aug 14, 2026.

Source: Lightwave Logic 10-Q on SEC EDGAR · CIK 1325964 · Miscellaneous Plastics Products

13F: who owns LWLG and who is buying

Largest holders of LWLG (13F)Largest holders of LWLG (13F)BlackRock$116MVanguard Capital Management LLC$62.0MState Street$42.0MVanguard Portfolio Management LLC$41.9MGeode Capital Management, LLC$38.5MVanguard Group$31.7MMarshall Wace, LLP$28.9MUBS Group AG$27.6MNorthern Trust$13.1MCharles Schwab Investment Managem…$12.0M
Funds' net buying of LWLG by quarter (13F)Funds' net buying of LWLG by quarter (13F)$1.1M2024-09−$268K2024-12−$1.4M2025-03−$8.8M2025-06−$10.1M2025-09$39.2M2025-12$49.0M2026-03$141M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on LWLG

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

中文版:Lightwave Logic(LWLG)财报

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