LightWave Acquisition (LWAC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LWAC SEC filings page.
This page shows LightWave Acquisition Corp. (LWAC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
The acquisition vehicle is a financed capital pool, not an operating business: liabilities exceed assets while cash flows center on transaction funding.
The earnings profile is non-operating: net income was$3.63M even as operating income was a loss of$466K , so headline profit does not describe day-to-day operating performance.
The balance sheet carries
Cash-flow direction clarifies the vehicle’s mechanics: financing cash flow was
Financial Health Signals
LightWave Acquisition Corp. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
LightWave Acquisition Corp. reported $1.6M in net income in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 7.2%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
LightWave Acquisition Corp. held $473K in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
LWAC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
LWAC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|
| Total Assets | $224.6M+3.5% | $222.8M+133865.0% | $221.0M | $219.1M | $217.0M | $166K |
| Current Assets | $622K-52.4% | $797K+5365.6% | $917K | $1.0M | $1.3M | $15K |
| Cash & Equivalents | $473K-58.5% | $625K+4186.5% | $809K | $902K | $1.1M | $15K |
| Short-Term Investments | $0n/m | $0n/m | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0n/m | $0n/m | $0 | $0 | $0 | $0 |
| Total Liabilities | $231.9M+3.8% | $229.8M+121774.3% | $227.8M | $225.6M | $223.5M | $189K |
| Current Liabilities | $339K+73.6% | $196K+3.7% | $153K | $122K | $195K | $189K |
| Non-Current Liabilities | $231.5M+3.7% | $229.6Mn/m | $227.6M | $225.5M | $223.3M | $0 |
| Total Equity | -$7.3Mn/m | -$6.9Mn/m | -$6.7M | -$6.6M | -$6.4M | -$22K |
| Retained Earnings | -$7.3Mn/m | -$6.9Mn/m | -$6.7M | -$6.6M | -$6.4M | -$47K |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
LWAC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
LWAC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, Liabilities-to-Equity, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$6.7M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| LightWave Acquisition Corp. LWAC | FY2025 | N/A | $3.6M | N/A | $311.9M | — |
| Titan Acquisition Corp. TACH | FY2025 | N/A | $7.2M | N/A | $364.3M | — |
Where LightWave Acquisition Corp. Ranks
Frequently Asked Questions
Yes, LightWave Acquisition Corp. (LWAC) reported a net income of $7.4M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $3.6M.
LightWave Acquisition Corp. (LWAC) recorded an outflow of $477K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
LightWave Acquisition Corp. (LWAC) had $221.0M in total assets as of fiscal year 2025, including both current and long-term assets.
LightWave Acquisition Corp. (LWAC) had a current ratio of 5.98 as of fiscal year 2025, which is generally considered healthy.
LightWave Acquisition Corp. (LWAC) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
LightWave Acquisition Corp. (LWAC) trades at 42.0x earnings, its market capitalization divided by $7.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $311.9M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
LightWave Acquisition Corp. (LWAC) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $311.9M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
LightWave Acquisition Corp. (LWAC) has negative shareholder equity of -$6.7M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.