Lightwave Logic (LWLG) Research & Development (2010 - 2026)
Lightwave Logic (LWLG) reported Research & Development of $3.49 million for Q1 2026, up 13.0% from $3.09 million a year earlier and up 22.9% from the prior quarter.
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Analysis
Lightwave Logic (LWLG) Research & Development (2010 - 2026) Analysis & Trends
Over the twelve months ended Mar 31, 2026, Lightwave Logic's Research & Development came in at $11.87 million, down 22.3% year-over-year; for FY2025, it was $11.49 million, down 31.6% from FY2024.
- Research & Development has a five-year compound annual growth rate of 20.1% (FY2020 to FY2025).
- By year, Research & Development came in at $16.81 million in FY2024 (+5.7%), $15.9 million in FY2023 (+24.2%), $12.81 million in FY2022 (+2.6%) and $12.48 million in FY2021 (+171.8%).
- The Q1 2026 figure ranks as the highest quarterly Research & Development since Q4 2024.
- Year over year, Research & Development gained in three of the last eight quarters, with an average decline of 13.8%.
- The high point for year-over-year Research & Development in five years was Q4 2021 (growth of 305.0%); the low point was Q2 2025 (a decline of 39.9%).
- Per Business Quant data, the three quarters before Q1 2026 came in at $2.84 million (Q4 2025), $2.92 million (Q3 2025) and $2.62 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 231.45 Bn | 213.03 Bn | 4.43 Bn | 37.00 Mn |
| 2 | Corning | 116.59 Bn | 109.15 Bn | 1.63 Bn | 299.00 Mn |
| 3 | Sherwin Williams | 82.19 Bn | 81.23 Bn | 3.34 Bn | - |
| 4 | Air Products & Chemicals | 67.40 Bn | 62.58 Bn | 1.04 Bn | 21.50 Mn |
| 5 | LyondellBasell Industries | 40.93 Bn | 30.44 Bn | 2.04 Bn | 34.00 Mn |
| 6 | Nutrien | 33.12 Bn | 29.95 Bn | 3.25 Bn | - |
| 7 | Qnity Electronics | 25.20 Bn | 22.33 Bn | 666.00 Mn | 98.00 Mn |
| 8 | Ppg Industries | 24.54 Bn | 17.20 Bn | 1.81 Bn | 107.00 Mn |
| 9 | Ati | 24.54 Bn | 22.56 Bn | 309.80 Mn | - |
| 10 | Lightwave Logic | 682.22 Mn | 682.22 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 3.49 Mn |
| Dec 31, 2025 | 2.84 Mn |
| Sep 30, 2025 | 2.92 Mn |
| Jun 30, 2025 | 2.62 Mn |
| Mar 31, 2025 | 3.09 Mn |
| Dec 31, 2024 | 4.00 Mn |
| Sep 30, 2024 | 3.83 Mn |
| Jun 30, 2024 | 4.36 Mn |
| Mar 31, 2024 | 4.62 Mn |
| Dec 31, 2023 | 3.90 Mn |
| Sep 30, 2023 | 4.04 Mn |
| Jun 30, 2023 | 4.17 Mn |
| Mar 31, 2023 | 3.80 Mn |
| Dec 31, 2022 | 3.81 Mn |
| Sep 30, 2022 | 3.59 Mn |
| Jun 30, 2022 | 2.78 Mn |
| Mar 31, 2022 | 2.63 Mn |
| Dec 31, 2021 | 4.71 Mn |
| Sep 30, 2021 | 3.60 Mn |
| Jun 30, 2021 | 2.80 Mn |
API Access
Lightwave Logic Research & Development 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=research-and-development&ticker=LWLG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=LWLG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();