What is the 13F Pro Quality Score for LWLG?

13F Pro ranks Lightwave Logic, Inc. (LWLG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View LWLG's current score at https://13fpro.ai/research/LWLG (free sign-up required for the full ranking).

Where does 13F Pro source LWLG data?

All Lightwave Logic, Inc. fundamentals and ownership data come directly from SEC EDGAR. Lightwave Logic, Inc. files with the SEC under CIK 1325964. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is LWLG in?

Lightwave Logic, Inc. (LWLG) is classified in the Materials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/materials.

How often is LWLG research updated on 13F Pro?

LWLG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Lightwave Logic, Inc.(LWLG)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Below size threshold

Quality rankings require at least $50M annual revenue or $250M total assets to filter out micro-caps and shell companies. This company reported $0.2M in revenue.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

LWLG Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Lightwave Logic, Inc. (LWLG), a Materials sector company. LWLG is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least $50m annual revenue or $250m total assets to filter out micro-caps and shell companies. this company reported $0.2m in revenue. Based on the latest XBRL financial filings (Q1 2026), Lightwave Logic, Inc. reports quarterly revenue of $29.2K, net income of $-6.3M, free cash flow of $-4.5M. Top institutional holders of LWLG by reported 13-F value include VANGUARD CAPITAL MANAGEMENT, MARSHALL WACE, LLP, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. LWLG trades on the Nasdaq exchange and files with the SEC under CIK 1325964. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LWLG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Lightwave Logic, Inc. directly from SEC EDGAR.

Revenue

Q1 2026

$29.2K

Net Income

Q1 2026

$-6.3M

Free Cash Flow

Q1 2026

$-4.5M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+147.7% YoY

$236.9KFY 2025

FY21 —FY23 $40.5KFY24 $95.6KFY25 $236.9K

Net Income

+9.9% YoY

$-20.3MFY 2025

FY21 $-18.6MFY23 $-21.0MFY24 $-22.5MFY25 $-20.3M

Operating Income

+10.1% YoY

$-20.8MFY 2025

FY21 $-17.0MFY23 $-21.2MFY24 $-23.1MFY25 $-20.8M

EPS (Diluted)

+15.8% YoY

$-0.16FY 2025

FY21 $-0.18FY23 $-0.18FY24 $-0.19FY25 $-0.16

Total Assets

+109.4% YoY

$79.2MFY 2025

FY21 $27.2MFY23 $41.8MFY24 $37.8MFY25 $79.2M

Op. Cash Flow

+11.6% YoY

$-13.7MFY 2025

FY21 $-10.3MFY23 $-12.2MFY24 $-15.6MFY25 $-13.7M

Metric	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020	FY 2019
Revenue	$236.9K +147.7%	$95.6K +136.1%	$40.5K	—	—	—
Net Income	$-20.3M +9.9%	$-22.5M -7.1%	$-21.0M -12.9%	$-18.6M -177.4%	$-6.7M +0.2%	$-6.7M
Operating Income	$-20.8M +10.1%	$-23.1M -8.8%	$-21.2M -24.9%	$-17.0M -157.5%	$-6.6M -4.4%	$-6.3M
EPS (Diluted)	$-0.16 +15.8%	$-0.19 -5.6%	$-0.18 +0.0%	$-0.18 -157.1%	$-0.07	—
Total Assets	$79.2M +109.4%	$37.8M -9.5%	$41.8M +53.5%	$27.2M +269.6%	$7.4M +7.9%	$6.8M
Operating Cash Flow	$-13.7M +11.6%	$-15.6M -27.1%	$-12.2M -18.8%	$-10.3M -111.4%	$-4.9M -2.3%	$-4.8M

AI Insight: LWLG Financial Trends

Pre-revenue biotech burning $5–7M quarterly with equity base expanding sharply amid ongoing losses.

• Operating losses stable at $5–7M per quarter; operating cash burn consistent at $3–4M across all eight quarters.

• Shareholder equity surged from $33M in Q3 2024 to $81M in Q1 2026, reflecting capital raises but no revenue generation.

⚠ Company remains pre-revenue after 9+ quarters of monitoring; cash runway and path to commercialization unclear.

⚠ Operating margin deteriorated to negative 700% in Q1 2026 on zero revenue; equity base now dependent on dilutive funding.

AI Insight: LWLG Ratio Trends

LWLG swung from -78.7% ROE in Q2 2025 to -27.0% TTM, but Q1 2026 deterioration signals recovery may be incomplete.

• ROE improved 52.7pp from Q2 2025 (-78.7%) to Q4 2025 (-26.0%), marking strongest quarter in trailing data.

• ROIC narrowed from -77.8% in Q2 2025 to -27.8% TTM, indicating operational returns stabilizing near breakeven.

• Q1 2026 ROE deteriorated to -31.0% from -26.0% in Q4 2025, suggesting seasonal weakness or operational relapse.

⚠ Q1 2026 ROIC of -33.1% is worst since Q2 2025 nadir; monitor if turnaround is sustainable or transient.

⚠ Company remains deeply unprofitable across all return metrics; path to positive earnings unclear.

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Available Research

13F Pro tracks comprehensive data for Lightwave Logic, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of LWLG

VANGUARD CAPITAL MANAGEMENT LLC
$43.0M6,110,931 sh
MARSHALL WACE, LLP
$41.5M5,903,844 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$21.6M3,075,530 sh
MILLENNIUM MANAGEMENT LLC
$21.0M2,983,584 sh
BlackRock, Inc.
$17.4M2,470,066 sh
GEODE CAPITAL MANAGEMENT, LLC
$13.1M1,857,639 sh
STATE STREET CORP
$12.0M1,702,946 sh
CITADEL ADVISORS LLC
$11.9M1,688,399 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$10.7M1,526,551 sh
Qube Research & Technologies Ltd
$8.7M1,239,285 sh

Fund	Value	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$43.0M	6,110,931
MARSHALL WACE, LLP	$41.5M	5,903,844
VANGUARD PORTFOLIO MANAGEMENT LLC	$21.6M	3,075,530
MILLENNIUM MANAGEMENT LLC	$21.0M	2,983,584
BlackRock, Inc.	$17.4M	2,470,066
GEODE CAPITAL MANAGEMENT, LLC	$13.1M	1,857,639
STATE STREET CORP	$12.0M	1,702,946
CITADEL ADVISORS LLC	$11.9M	1,688,399
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$10.7M	1,526,551
Qube Research & Technologies Ltd	$8.7M	1,239,285

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Is LWLG a good stock to buy?

13F Pro's AI-powered analysis of Lightwave Logic, Inc. (LWLG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Materials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for LWLG are available on the LWLG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own LWLG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling LWLG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Lightwave Logic, Inc.'s investment landscape.