Lightwave Logic, Inc. cash flow statement

In fiscal 2025, Lightwave Logic, Inc.'s operations generated −$13.7m of cash; it spent $1.3m on capital projects, leaving free cash flow of −$15.1m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Lightwave Logic, Inc.: cash flow statement, annual
Fiscal year	2010Dec 2010	2014Dec 2014	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash from operations	−1	−3	−12	−16	−14	−16
Depreciation and amortisation	0	0	1	2	2	2
Stock-based pay	—	1	7	5	5	6
Capital spending	0	0	3	2	1	2
Free cash flow	−1	−3	−16	−18	−15	−18
Free cash flow after stock pay	—	−4	−22	−23	−20	−24

US$ thousands unless shown otherwise. Fiscal quarters.

Lightwave Logic, Inc.: cash flow statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	−3,590	−3,136	−3,490	−3,770	−3,176	−3,313	−4,061	−5,821
Depreciation and amortisation	387	442	455	461	464	469	496	472
Stock-based pay	1,232	1,113	979	1,101	1,141	1,461	1,718	1,787
Capital spending	350	332	854	40	59	379	450	1,068
Free cash flow	−3,940	−3,468	−4,344	−3,810	−3,235	−3,691	−4,512	−6,889
Free cash flow after stock pay	−5,172	−4,582	−5,323	−4,912	−4,377	−5,152	−6,229	−8,676

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: BURU vs LWLG HIHO vs LWLG KULR vs LWLG

More: Electronic Components stocks compared, Technology sector, rankings of US companies

Figures from Lightwave Logic, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Lightwave Logic, Inc.