Lightwave Logic (LWLG) Balance Sheet: Assets & Liabilities

Lightwave Logic (LWLG) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Lightwave Logic reported total assets of $81.67M and total liabilities of $7.02M. Shareholders' equity was $74.65M, up 123.3% from $33.42M a year earlier. Total debt stood at $2.60M against $69.02M in cash and short-term investments, a net cash position of $66.42M. That puts debt-to-equity at 0.03, compared with 0.08 a year earlier.

Lightwave Logic Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Lightwave Logic, Inc. (LWLG) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	69.02	27.67	31.43	24.10	23.43	3.31	2.24	2.17	3.48
Cash & Short-Term Investments	69.02	27.67	31.43	24.10	23.43	3.31	2.24	2.17	3.48
Accounts Receivable	0.19	0.05	0.03	0.66	0.00	0.00	0.00	-0.23	0.00
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.05	0.00
Other Current Assets	0.60	0.40	1.21	0.61	0.23	0.57	0.37	0.72	0.58
Total Current Assets	69.81	28.12	32.70	25.36	23.66	3.87	2.61	2.51	4.07
Non-Current Assets
Property, Plant & Equipment (Net)	7.66	8.34	7.83	2.88	2.72	2.58	3.28	1.80	1.18
Intangible Assets	1.71	1.36	1.25	1.03	0.85	0.92	0.94	0.94	0.61
Other Non-Current Assets	2.48	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Current Assets	11.86	9.69	9.08	3.91	3.56	3.49	4.22	2.74	1.78
Total Assets	81.67	37.81	41.78	29.26	27.23	7.37	6.82	5.25	5.85
Current Liabilities
Accounts Payable	0.53	0.52	1.76	0.89	0.22	0.17	0.09	0.15	0.05
Short-Term Debt	0.19	0.17	0.14	0.19	0.18	0.17	0.16	0.00	0.00
Accrued Liabilities	1.40	0.88	0.60	0.38	1.12	0.13	-	-	-
Deferred Revenue	0.01	0.00	0.04	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	1.40	1.10	0.95	0.04	1.19	0.60	0.75	0.24	0.59
Total Current Liabilities	2.14	1.79	2.58	1.50	1.59	0.93	1.00	0.34	0.65
Non-Current Liabilities
Long-Term Debt	2.40	2.60	2.77	0.17	0.36	0.54	0.70	0.00	0.00
Deferred Tax Liabilities	2.48	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	0.00	0.00	0.00	0.04	0.08	0.12	0.22	0.19	0.18
Total Non-Current Liabilities	4.89	2.60	2.77	0.21	0.44	0.66	0.92	0.19	0.18
Total Liabilities	7.02	4.38	5.35	1.71	2.02	1.59	1.92	0.34	0.83
Stockholders' Equity
Common Stock	0.15	0.12	0.12	0.11	0.11	0.10	0.09	0.08	0.07
Retained Earnings	-167.31	-150.41	-127.87	-106.83	-89.60	-70.97	-64.26	-57.53	-51.76
Accumulated Other Comprehensive Income	-0.20	-0.66	-0.43	-0.13	0.00	0.00	0.00	-1.05	0.00
Additional Paid-in Capital	242.02	184.36	164.62	134.27	114.70	76.65	69.08	62.36	56.70
Shares Outstanding	146.05	123.30	118.14	112.88	110.56	-	-	-	-
Total Stockholders' Equity	74.65	33.42	36.43	27.55	25.20	5.78	4.91	4.91	5.02
Total Liabilities & Equity	81.67	37.81	41.78	29.26	27.23	7.37	6.82	5.25	5.85

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Lightwave Logic Balance Sheet

How much debt does Lightwave Logic have?

Lightwave Logic had total debt of $2.60M as of Dec 31, 2025, against $69.02M in cash and short-term investments. Its debt-to-equity ratio was 0.03. Total debt was $2.77M a year earlier.

What are Lightwave Logic's total assets?

Lightwave Logic reported total assets of $81.67M as of Dec 31, 2025, up 116.0% from $37.81M a year earlier. Total liabilities were $7.02M.

What is Lightwave Logic's shareholders' equity?

Lightwave Logic's shareholders' equity was $74.65M as of Dec 31, 2025, or about $0.51 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition