Filing Flows › Lightwave Logic (LWLG) › Q3 2025
Lightwave Logic (LWLG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Lightwave Logic (LWLG) reported revenue of $29K for the third quarter 2025 (Q3 2025), +27% from a year earlier and +14% from the quarter before.
Lightwave Logic, Q3 2025: revenue $29K (+27% year over year), net loss $5.1M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29K | +14% | +27% |
| Operating profit | −$5.2M | — | — |
| Net earnings | −$5.1M | — | — |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $29K in Q3 2025, up 27% year over year and up 14% from the previous quarter.
Operating costs exceeded revenue by $5.2M, an operating margin of -17757.5%. Total costs fell 2% while revenue rose 27%. The fastest-growing cost line was General & admin (+54%). The quarter ended with a net loss of $5.1M, wider than the previous quarter's $5.0M loss.
Operating cash flow was −$3.2M. Non-cash charges added back $492K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $292K. Capital expenditures of $59K exceeded it, leaving free cash flow of −$3.2M.
Questions
What was Lightwave Logic's revenue in the third quarter 2025?
Lightwave Logic (LWLG) reported revenue of $29K for the third quarter 2025 (Q3 2025), +27% from a year earlier and +14% from the quarter before.
Source: Lightwave Logic 10-Q on SEC EDGAR.