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Side-by-side financial comparison of Aris Mining Corp (ARMN) and Lightwave Logic, Inc. (LWLG). Click either name above to swap in a different company.

Lightwave Logic, Inc. is the larger business by last-quarter revenue ($159.2K vs $151.1K, roughly 1.1× Aris Mining Corp). Aris Mining Corp runs the higher net margin — 13.6% vs -3486.6%, a 3500.2% gap on every dollar of revenue.

Endeavour Mining plc is a multinational mining company that owns and operates gold mines in Côte d'Ivoire, Burkina Faso and Senegal. The company is headquartered in London, England, and is listed on the London Stock Exchange. It is a constituent of the FTSE 100 Index.

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.

ARMN vs LWLG — Head-to-Head

Bigger by revenue
LWLG
LWLG
1.1× larger
LWLG
$159.2K
$151.1K
ARMN
Higher net margin
ARMN
ARMN
3500.2% more per $
ARMN
13.6%
-3486.6%
LWLG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARMN
ARMN
LWLG
LWLG
Revenue
$151.1K
$159.2K
Net Profit
$20.5K
$-5.5M
Gross Margin
44.9%
99.2%
Operating Margin
30.0%
-3629.3%
Net Margin
13.6%
-3486.6%
Revenue YoY
594.5%
Net Profit YoY
-0.3%
EPS (diluted)
$0.02
$-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
ARMN
ARMN
LWLG
LWLG
Q4 25
$151.1K
$159.2K
Q3 25
$29.2K
Q2 25
$25.6K
Q1 25
$22.9K
Q4 24
$22.9K
Q3 24
$22.9K
Q1 24
$30.4K
Q3 23
$0
Net Profit
ARMN
ARMN
LWLG
LWLG
Q4 25
$20.5K
$-5.5M
Q3 25
$-5.1M
Q2 25
$-5.0M
Q1 25
$-4.7M
Q4 24
$-5.5M
Q3 24
$-5.3M
Q1 24
$-5.7M
Q3 23
$-5.2M
Gross Margin
ARMN
ARMN
LWLG
LWLG
Q4 25
44.9%
99.2%
Q3 25
Q2 25
86.5%
Q1 25
91.2%
Q4 24
95.7%
Q3 24
94.6%
Q1 24
83.0%
Q3 23
Operating Margin
ARMN
ARMN
LWLG
LWLG
Q4 25
30.0%
-3629.3%
Q3 25
-17757.5%
Q2 25
-19137.6%
Q1 25
-21405.0%
Q4 24
-24879.3%
Q3 24
-23115.3%
Q1 24
-19235.5%
Q3 23
Net Margin
ARMN
ARMN
LWLG
LWLG
Q4 25
13.6%
-3486.6%
Q3 25
-17488.0%
Q2 25
-19397.1%
Q1 25
-20495.8%
Q4 24
-24150.3%
Q3 24
-23131.9%
Q1 24
-18673.5%
Q3 23
EPS (diluted)
ARMN
ARMN
LWLG
LWLG
Q4 25
$0.02
$-0.04
Q3 25
$-0.04
Q2 25
$-0.04
Q1 25
$-0.04
Q4 24
$-0.05
Q3 24
$-0.04
Q1 24
$-0.05
Q3 23
$-0.04

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARMN
ARMN
LWLG
LWLG
Q4 25
$69.0M
Q3 25
$34.9M
Q2 25
$22.1M
Q1 25
$25.0M
Q4 24
$27.7M
Q3 24
$26.9M
Q1 24
$31.5M
Q3 23
$30.9M
Stockholders' Equity
ARMN
ARMN
LWLG
LWLG
Q4 25
$74.6M
Q3 25
$41.2M
Q2 25
$28.8M
Q1 25
$31.5M
Q4 24
$33.4M
Q3 24
$33.5M
Q1 24
$37.2M
Q3 23
$35.4M
Total Assets
ARMN
ARMN
LWLG
LWLG
Q4 25
$79.2M
Q3 25
$44.8M
Q2 25
$32.4M
Q1 25
$35.6M
Q4 24
$37.8M
Q3 24
$37.2M
Q1 24
$41.7M
Q3 23
$39.1M

Cash Flow & Capital Efficiency

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

Metric
ARMN
ARMN
LWLG
LWLG
Operating Cash FlowLast quarter
$99.1K
$-3.3M
Free Cash FlowOCF − Capex
$-3.7M
FCF MarginFCF / Revenue
-2319.2%
Capex IntensityCapex / Revenue
237.9%
Cash ConversionOCF / Net Profit
4.82×
TTM Free Cash FlowTrailing 4 quarters
$-15.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARMN
ARMN
LWLG
LWLG
Q4 25
$99.1K
$-3.3M
Q3 25
$-3.2M
Q2 25
$-3.8M
Q1 25
$-3.5M
Q4 24
$-3.1M
Q3 24
$-3.6M
Q1 24
$-4.8M
Q3 23
$-2.9M
Free Cash Flow
ARMN
ARMN
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
Q1 24
$-5.5M
Q3 23
$-3.7M
FCF Margin
ARMN
ARMN
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%
Q1 24
-18238.4%
Q3 23
Capex Intensity
ARMN
ARMN
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%
Q1 24
2549.2%
Q3 23
Cash Conversion
ARMN
ARMN
LWLG
LWLG
Q4 25
4.82×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q1 24
Q3 23

Financial Flow Comparison

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

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