Filing Flows › Lightwave Logic (LWLG) › Q4 2025
Lightwave Logic (LWLG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 20, 2026
Lightwave Logic (LWLG) reported revenue of $159K for the fourth quarter 2025 (Q4 2025), +595% from a year earlier and +446% from the quarter before.
Lightwave Logic, Q4 2025: revenue $159K (+594% year over year), net loss $4.8M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $159K | +446% | +595% |
| Operating profit | −$5.1M | — | — |
| Net earnings | −$4.8M | — | — |
| Operating cash flow | −$3.3M | — | — |
What changed
Revenue was $159K in Q4 2025, up 595% year over year and up 446% from the previous quarter.
Operating costs exceeded revenue by $5.1M, an operating margin of -3186.1%. Total costs fell 9% while revenue rose 595%. The fastest-growing cost line was General & admin (+38%). The quarter ended with a net loss of $4.8M, narrower than the previous quarter's $5.1M loss.
Operating cash flow was −$3.3M. Non-cash charges added back $469K of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $398K. Capital expenditures of $379K exceeded it, leaving free cash flow of −$3.7M.
Questions
What was Lightwave Logic's revenue in the fourth quarter 2025?
Lightwave Logic (LWLG) reported revenue of $159K for the fourth quarter 2025 (Q4 2025), +595% from a year earlier and +446% from the quarter before.
Source: Lightwave Logic 10-K on SEC EDGAR.