Lightwave Logic, Inc. (LWLG) intrinsic value & 10-year financials
Lightwave Logic, Inc. (LWLG) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 141.8% a year to $236.9K, with an average return on invested capital of -303.5%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $3.97
- Market cap
- $510.7M
- Revenue (FY2025)
- $236.9K
- Revenue growth (10-yr CAGR)
- 141.8%
- ROIC (10-yr avg)
- -303.5%
- Free cash flow (FY2025)
- -$15.1M
LWLG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $236.9K | -$20.3M | -$0.16 | -$15.1M | -8765.5% | -247.9% |
| FY2024 | $13.8K | -$22.5M | -$0.19 | -$17.8M | -167921.0% | -279.5% |
| FY2023 | $40.5K | -$21.0M | -$0.18 | -$15.5M | -52405.5% | -369.5% |
| FY2022 | $0 | -$17.2M | -$0.15 | -$11.8M | — | -599.4% |
| FY2021 | — | -$18.6M | -$0.18 | -$11.1M | — | -725.6% |
| FY2020 | — | -$6.7M | -$0.07 | -$5.0M | — | -210.5% |
| FY2019 | — | -$6.7M | — | -$5.0M | — | -199.3% |
| FY2018 | — | -$5.8M | — | -$5.4M | — | -116.3% |
| FY2017 | — | -$5.7M | — | -$4.6M | — | -142.4% |
| FY2016 | — | -$4.4M | — | -$3.3M | — | -144.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Lightwave Logic, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Lightwave Logic, Inc. has historically struggled to out-earn its cost of capital, averaging just -42.9% ROIC.
Lightwave Logic, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Lightwave Logic, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-5.31 per share.