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Side-by-side financial comparison of Aligos Therapeutics, Inc. (ALGS) and Lightwave Logic, Inc. (LWLG). Click either name above to swap in a different company.

Aligos Therapeutics, Inc. is the larger business by last-quarter revenue ($169.0K vs $159.2K, roughly 1.1× Lightwave Logic, Inc.). On growth, Lightwave Logic, Inc. posted the faster year-over-year revenue change (594.5% vs -72.1%).

Aligos Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing novel targeted therapies for prevalent liver diseases and viral infections. Its core pipeline includes candidates for chronic hepatitis B, non-alcoholic steatohepatitis, and other liver-related disorders, advancing R&D to serve unmet global patient needs.

Lightwave Logic, Inc. is a technology firm specializing in the development of advanced electro-optic polymer materials and integrated photonic devices. Its solutions target data center, telecommunications, and optical networking segments, delivering higher data transmission speeds and lower energy consumption than traditional photonic technologies.

ALGS vs LWLG — Head-to-Head

Bigger by revenue
ALGS
ALGS
1.1× larger
ALGS
$169.0K
$159.2K
LWLG
Growing faster (revenue YoY)
LWLG
LWLG
+666.6% gap
LWLG
594.5%
-72.1%
ALGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALGS
ALGS
LWLG
LWLG
Revenue
$169.0K
$159.2K
Net Profit
$-5.5M
Gross Margin
99.2%
Operating Margin
-3629.3%
Net Margin
-3486.6%
Revenue YoY
-72.1%
594.5%
Net Profit YoY
75.8%
-0.3%
EPS (diluted)
$-0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALGS
ALGS
LWLG
LWLG
Q4 25
$169.0K
$159.2K
Q3 25
$741.0K
$29.2K
Q2 25
$965.0K
$25.6K
Q1 25
$311.0K
$22.9K
Q4 24
$606.0K
$22.9K
Q3 24
$1.3M
$22.9K
Q2 24
$1.1M
Q1 24
$694.0K
$30.4K
Net Profit
ALGS
ALGS
LWLG
LWLG
Q4 25
$-5.5M
Q3 25
$-31.5M
$-5.1M
Q2 25
$-15.9M
$-5.0M
Q1 25
$43.1M
$-4.7M
Q4 24
$-82.2M
$-5.5M
Q3 24
$-19.3M
$-5.3M
Q2 24
$5.1M
Q1 24
$-34.9M
$-5.7M
Gross Margin
ALGS
ALGS
LWLG
LWLG
Q4 25
99.2%
Q3 25
Q2 25
86.5%
Q1 25
91.2%
Q4 24
95.7%
Q3 24
94.6%
Q2 24
Q1 24
83.0%
Operating Margin
ALGS
ALGS
LWLG
LWLG
Q4 25
-3629.3%
Q3 25
-3827.4%
-17757.5%
Q2 25
-1924.0%
-19137.6%
Q1 25
-6187.5%
-21405.0%
Q4 24
-3393.2%
-24879.3%
Q3 24
-1610.5%
-23115.3%
Q2 24
-2489.5%
Q1 24
-3176.7%
-19235.5%
Net Margin
ALGS
ALGS
LWLG
LWLG
Q4 25
-3486.6%
Q3 25
-4256.0%
-17488.0%
Q2 25
-1643.8%
-19397.1%
Q1 25
13854.7%
-20495.8%
Q4 24
-13556.1%
-24150.3%
Q3 24
-1540.7%
-23131.9%
Q2 24
477.0%
Q1 24
-5023.5%
-18673.5%
EPS (diluted)
ALGS
ALGS
LWLG
LWLG
Q4 25
$-0.04
Q3 25
$-3.04
$-0.04
Q2 25
$-1.53
$-0.04
Q1 25
$-2.11
$-0.04
Q4 24
$-13.10
$-0.05
Q3 24
$-3.07
$-0.04
Q2 24
$0.81
Q1 24
$-5.58
$-0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALGS
ALGS
LWLG
LWLG
Cash + ST InvestmentsLiquidity on hand
$77.8M
$69.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$53.5M
$74.6M
Total Assets
$88.5M
$79.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGS
ALGS
LWLG
LWLG
Q4 25
$77.8M
$69.0M
Q3 25
$99.1M
$34.9M
Q2 25
$122.9M
$22.1M
Q1 25
$137.9M
$25.0M
Q4 24
$56.9M
$27.7M
Q3 24
$74.9M
$26.9M
Q2 24
$94.5M
Q1 24
$112.7M
$31.5M
Stockholders' Equity
ALGS
ALGS
LWLG
LWLG
Q4 25
$53.5M
$74.6M
Q3 25
$71.8M
$41.2M
Q2 25
$101.9M
$28.8M
Q1 25
$116.4M
$31.5M
Q4 24
$-29.0M
$33.4M
Q3 24
$50.1M
$33.5M
Q2 24
$67.2M
Q1 24
$59.8M
$37.2M
Total Assets
ALGS
ALGS
LWLG
LWLG
Q4 25
$88.5M
$79.2M
Q3 25
$109.8M
$44.8M
Q2 25
$134.7M
$32.4M
Q1 25
$150.7M
$35.6M
Q4 24
$70.1M
$37.8M
Q3 24
$88.4M
$37.2M
Q2 24
$108.8M
Q1 24
$127.9M
$41.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALGS
ALGS
LWLG
LWLG
Operating Cash FlowLast quarter
$-82.5M
$-3.3M
Free Cash FlowOCF − Capex
$-3.7M
FCF MarginFCF / Revenue
-2319.2%
Capex IntensityCapex / Revenue
237.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-15.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALGS
ALGS
LWLG
LWLG
Q4 25
$-82.5M
$-3.3M
Q3 25
$-24.3M
$-3.2M
Q2 25
$-15.5M
$-3.8M
Q1 25
$-20.9M
$-3.5M
Q4 24
$-18.4M
$-3.1M
Q3 24
$-20.1M
$-3.6M
Q2 24
$-19.5M
Q1 24
$-22.7M
$-4.8M
Free Cash Flow
ALGS
ALGS
LWLG
LWLG
Q4 25
$-3.7M
Q3 25
$-3.2M
Q2 25
$-3.8M
Q1 25
$-4.3M
Q4 24
$-3.5M
Q3 24
$-3.9M
Q2 24
Q1 24
$-5.5M
FCF Margin
ALGS
ALGS
LWLG
LWLG
Q4 25
-2319.2%
Q3 25
-11093.4%
Q2 25
-14881.6%
Q1 25
-18953.9%
Q4 24
-15134.1%
Q3 24
-17193.6%
Q2 24
Q1 24
-18238.4%
Capex Intensity
ALGS
ALGS
LWLG
LWLG
Q4 25
237.9%
Q3 25
203.3%
Q2 25
157.6%
Q1 25
3724.5%
Q4 24
1448.6%
Q3 24
1525.8%
Q2 24
Q1 24
2549.2%
Cash Conversion
ALGS
ALGS
LWLG
LWLG
Q4 25
Q3 25
Q2 25
Q1 25
-0.49×
Q4 24
Q3 24
Q2 24
-3.85×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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