Skip to content
Wave Life Sciences logo

Wave Life Sciences

WVE

Wave Life Sciences is a clinical-stage biotechnology company specializing in the development of RNA-based medicines through its proprietary PRISM platform.

Market cap
$1.14B-10.3%
Revenue$75.8M-32.9%
Net income-$183.6M-6.0%
Free cash flow-$185.0M-2.0%
EPS (diluted)-$1.05+16.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$7.4M
EPS estimate-$0.31

Financials

Q1 2026

Income statement

See full
Revenue$38.2M+317%
Operating income-$31.3M+37.2%
Net income-$26.1M+44.4%
EPS (diluted)-$0.13+55.2%

Balance sheet

See full
Cash & equivalents$544.6M+124%
Total debt$15.7M-33.4%
Total equity$511.7M+198%
Total assets$583.5M+102%

Cash flow

See full
Operating cash flow-$59.6M+5.5%
CapEx$438.0K+165%
Free cash flow-$60.0M+5.1%

Valuation & ratios

Valuation

See full
Market cap$1.14B-10.3%
Enterprise value$610.15M-43.8%
P/S15×

Returns & leverage

See full
Return on equity-53.7%
Debt / equity-0.1×
Current ratio11.3×+8.3×

Competitors

Profile

Wave Life Sciences is a clinical-stage biotechnology company specializing in the development of RNA-based medicines through its proprietary PRISM platform. The company utilizes multiple modalities, including RNA interference, RNA editing, and antisense splicing, to target the transcriptome and treat both rare and common genetic disorders. Their approach focuses on optimizing oligonucleotide chemistry to enhance drug potency and durability without the need for complex delivery vehicles.

Competitive position

A pioneer in stereopure oligonucleotide chemistry and RNA editing, holding a leading position in endogenous ADAR-mediated RNA correction.

GeographiesUnited States, Europe, Global
Customer segmentsPatients, Healthcare providers
Business modelR&D intensive, Biopharmaceutical drug development
SuppliersRaw material suppliers for oligonucleotide synthesis, Specialized contract manufacturing organizations, Clinical research organizations
CustomersSpecialty pharmacies, Hospitals, Government healthcare payers, Private insurance companies
CountrySingapore
Listed2015
Employees268.0
CEOPaul Bolno
FilingsSEC EDGAR

Questions, answered.

What is Wave Life Sciences's market cap?
Wave Life Sciences (WVE) has a market capitalization of $1.1B and trades on NASDAQ.
What is Wave Life Sciences's revenue and profitability?
Wave Life Sciences generated $75.8M in trailing twelve-month revenue with a net loss of $183.6M, representing a net margin of -66.5%, with free cash flow of -$185.0M. These figures are based on the Q1 2026 filing.
Who are Wave Life Sciences's competitors?
Wave Life Sciences's key competitors include Eli Lilly, Sarepta Therapeutics, Madrigal Pharmaceuticals, and others. These companies compete in similar markets and product categories.
Who does Wave Life Sciences partner with?
Wave Life Sciences's notable partners include Novo Nordisk, Eli Lilly, Sarepta Therapeutics, and others.
Where is Wave Life Sciences headquartered?
Wave Life Sciences is headquartered in Singapore and employs approximately 268 people. It has been publicly traded since 2015.