All currency values in $ millions unless otherwise noted
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| Income Statement | TTM | DEC 2025 | DEC 2024 ~1.3:1 split | DEC 2023 ~1.3:1 split | DEC 2022 ~1.5:1 split | DEC 2021 ~1.3:1 split |
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Revenue | $71 | $43 | $108 | $113 | $4 | $41 |
| General & Administrative | $93 | $75 | $59 | $51 | $51 | $46 |
| Research & Development | $205 | $183 | $160 | $130 | $116 | $122 |
| Total Operating Expenses | $299 | $258 | $219 | $181 | $166 | $168 |
| Operating Income | -$228 | -$215 | -$110 | -$68 | -$163 | -$127 |
| Non-Operating | ||||||
| Net Interest Expense | $17 | $10 | $10 | $8 | $2 | $0 |
| Other Non-Operating Income (Expense) | -$0 | $1 | $3 | $2 | $0 | $5 |
| EBT (Earnings Before Tax) | -$211 | -$204 | -$97 | -$58 | -$161 | -$122 |
| Income Tax Expense | $0 | $0 | $0 | -$1 | $1 | -$0 |
| Net Income | ||||||
| Net Income | -$211 | -$204 | -$97 | -$58 | -$162 | -$122 |
| Per Share Data | ||||||
| Revenue Per Share | $0.35 | $0.25 | $0.78 | $1.07 | $0.05 | $0.79 |
| EPS (Basic) | -$1.06 | -$1.21 | -$0.70 | -$0.54 | -$2.05 | -$2.36 |
| EPS (Diluted) | -$1.06 | -$1.21 | -$0.70 | -$0.54 | -$2.05 | -$2.36 |
| Weighted Avg Shares (Basic) | 204.2M | 168.6M | 138.3M | 106.1M | 78.9M | 51.8M |
| Weighted Avg Shares (Diluted) | 204.2M | 168.6M | 138.3M | 106.1M | 78.9M | 51.8M |
| Shares Outstanding | 204.2M | 168.6M | 138.3M | 106.1M | 78.9M | 51.8M |
Wave Life Sciences (WVE) financials: revenue, profit and margins
Wave Life Sciences (WVE) generated about $71 million in revenue and -$211 million in net income (a -296.9% net margin) over the trailing twelve months, growing at roughly 16.3% a year. Figures are from SEC filings; this is analysis, not investment advice.
Frequently asked
What is Wave Life Sciences's (WVE) revenue?+
Wave Life Sciences generated about $71 million in revenue over the trailing twelve months. Revenue has grown at roughly 16.3% a year over the past five years. Revenue is the top line, before any costs; what matters for value is how much of it survives to free cash flow. The full income statement, balance sheet and cash-flow statement are on this tab.
Is Wave Life Sciences profitable?+
Wave Life Sciences reported about -$211 million in net loss over the trailing twelve months, a net margin of roughly -296.9%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.
What are Wave Life Sciences's profit margins?+
Wave Life Sciences runs an operating margin of about -320.9%, a net margin of about -296.9%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.
How fast is Wave Life Sciences growing?+
Wave Life Sciences's revenue has compounded at roughly 16.3% a year over the past five years. Growth only creates value when it is profitable and cash-generative, so read this rate alongside WVE's margins and free cash flow. This is analysis from SEC filings, not investment advice.
SourceFinancial statements computed from the 10-Q filed 21 Oct 2026, covering the period ending 30 Sept 2026, as reported to the SEC. Data last refreshed 28 Oct 2026. How this is calculated.
Fiscal year ends Dec.
Peers
Pharmaceutical Preparations · Pick stocks to compare with WVE
Held by ETFs
WVE is in 14 US ETFs. The largest of them, with WVE's weight in each:
Vanguard Health Care ETFVHT0.01%of the fund
iShares Russell 2000 Value ETFIWN0.03%of the fund
Fidelity Nasdaq Composite Index ETFONEQ0.00%of the fund
iShares Biotechnology ETFIBB0.04%of the fund
State Street SPDR S&P Kensho New Economies Composite ETFKOMP0.05%of the fund
iShares Micro-Cap ETFIWC0.12%of the fund
Spot a number that looks wrong? Check it in WVE's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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