Lightwave Logic (LWLG) Operating Expenses (2010 - 2026)
Lightwave Logic's Operating Expenses came in at $6.75 million for Q1 2026, up 37.1% from $4.93 million a year earlier and up 29.1% from the prior quarter.
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Analysis
Lightwave Logic (LWLG) Operating Expenses (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, Lightwave Logic reported Operating Expenses of $22.12 million, down 0.5% year-over-year; for FY2025, it was $21 million, down 9.4% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 26.0% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $23.18 million in FY2024 (+9.0%), $21.27 million in FY2023 (+24.1%), $17.14 million in FY2022 (+0.8%) and $17 million in FY2021 (+157.5%).
- The Q1 2026 figure represents the highest quarterly Operating Expenses since Q4 2021.
- Year-over-year, Operating Expenses increased in three of the last eight quarters, with growth averaging 1.4%.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2021 (growth of 367.4%), and the weakest in Q4 2022 (a decline of 30.6%).
- Business Quant data shows LWLG's Operating Expenses at $5.23 million (Q4 2025), $5.21 million (Q3 2025) and $4.93 million (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 231.45 Bn | 213.03 Bn | 4.43 Bn | 928.00 Mn |
| 2 | Corning | 116.59 Bn | 109.15 Bn | 1.63 Bn | 907.00 Mn |
| 3 | Sherwin Williams | 82.19 Bn | 81.23 Bn | 3.34 Bn | 2.10 Bn |
| 4 | Air Products & Chemicals | 67.40 Bn | 62.58 Bn | 1.04 Bn | 3.15 Bn |
| 5 | LyondellBasell Industries | 40.93 Bn | 30.44 Bn | 2.04 Bn | 7.63 Bn |
| 6 | Nutrien | 33.12 Bn | 29.95 Bn | 3.25 Bn | 235.00 Mn |
| 7 | Qnity Electronics | 25.20 Bn | 22.33 Bn | 666.00 Mn | 298.00 Mn |
| 8 | Ppg Industries | 24.54 Bn | 17.20 Bn | 1.81 Bn | 1.15 Bn |
| 9 | Ati | 24.54 Bn | 22.56 Bn | 309.80 Mn | 99.60 Mn |
| 10 | Lightwave Logic | 682.22 Mn | 682.22 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 6.75 Mn |
| Dec 31, 2025 | 5.23 Mn |
| Sep 30, 2025 | 5.21 Mn |
| Jun 30, 2025 | 4.93 Mn |
| Mar 31, 2025 | 4.93 Mn |
| Dec 31, 2024 | 5.72 Mn |
| Sep 30, 2024 | 5.32 Mn |
| Jun 30, 2024 | 6.26 Mn |
| Mar 31, 2024 | 5.88 Mn |
| Dec 31, 2023 | 5.38 Mn |
| Sep 30, 2023 | 5.39 Mn |
| Jun 30, 2023 | 5.34 Mn |
| Mar 31, 2023 | 5.16 Mn |
| Dec 31, 2022 | 5.13 Mn |
| Sep 30, 2022 | 4.73 Mn |
| Jun 30, 2022 | 3.77 Mn |
| Mar 31, 2022 | 3.51 Mn |
| Dec 31, 2021 | 7.39 Mn |
| Sep 30, 2021 | 4.25 Mn |
| Jun 30, 2021 | 3.46 Mn |
API Access
Lightwave Logic Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=LWLG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "LWLG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=LWLG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();