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Other financials

Income statement

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Revenue$29.2K+27.3%
Gross profit$27.8K+33.2%
Operating income-$6.7M-37.1%
Net income-$6.3M-34.1%
EPS (diluted)-$0.040.0%

Balance sheet

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Cash & equivalents$75.1M+200%
Total debt$2.6M-6.4%
Total equity$81.3M+158%
Total assets$85.9M+141%

Cash flow

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Operating cash flow-$4.1M-16.4%
CapEx$450.5K-47.2%
Free cash flow-$4.5M-3.9%

Valuation

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Market cap$1.17B+332%
Enterprise value$1.1B+337%
P/S4,823.2×+1,947×

Profitability

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Gross margin97.5%+2.3pp
Operating margin-9,288.7%-3,592pp
Net margin-9,015.6%-3,489pp
FCF margin-6,272.6%-2,511pp

Returns & leverage

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Return on equity-38.8%-10.7pp
Debt / equity-0.1×
Current ratio34×+17.4×

Where this comes from

Reported directly by Lightwave Logic, Inc. in its filing.

Tagged under the XBRL concept us-gaap:DepreciationAndAmortization.

The source filing: Lightwave Logic, Inc.’s 10-Q, filed May 15, 2026.

Filed
May 15, 2026, 4:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001553350-26-000087
Line item20262025
Restricted stock units issued for services1,342,733
Cashless option exercise20,500
Common stock issued for commitment shares8,029
Depreciation and amortization of patents496,358454,960
Amortization of right of use asset53,57750,043
(Gain) loss on disposal of property and equipment and intangible assets36,409(28,800)
(Increase) decrease in assets
Accounts receivable(25,000)26,815

Item 1.A “Risk Factors” in this report on Form 10-Q. Many factors could cause our actual results to differ materially from

FAQ

What is Lightwave Logic, Inc.'s D&A?
Lightwave Logic, Inc. (LWLG) reported D&A of $496.36K in Q1 2026.
How has Lightwave Logic, Inc.'s D&A changed year-over-year?
Lightwave Logic, Inc.'s D&A increased by 9.1% year-over-year, from $454.96K to $496.36K.
What is the long-term trend for Lightwave Logic, Inc.'s D&A?
Over 4 years (2021 to 2025), Lightwave Logic, Inc.'s D&A has grown at a 21.3% compound annual growth rate (CAGR), from $878.52K to $1.9M.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

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