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Wave Life Sciences WVE Q3 2026 earnings

Reported October 27, 2026 · Before market open

Revenue$13.2MBeat by $8.6M
EPS-$0.30Beat by $0.03
Revenue estimate$4.5M
EPS estimate-$0.33
“We continue to make notable progress advancing our lead clinical programs. Following positive FDA feedback, planning is underway for our potentially registrational trial of WVE-006 for AATD, which we believe offers an efficient path to potential full and accelerated approval, without the need for a separate confirmatory trial. Our growing body of clinical data support WVE-006's potential to offer a new standard of care for individuals living with AATD. We also continue to make notable progress advancing WVE-007 across treatment settings. Dosing is ongoing in our Phase 2a INLIGHT ™ trial evaluating WVE-007 as a monotherapy. As expected, we are pleased to report that to date baseline levels of adiposity in the Phase 2a portion of INLIGHT are substantially higher than in the Phase 1 portion and in line with Phase 2 and 3 obesity trials. We believe this portion of the trial is well suited to demonstrate WVE-007's potential to deliver meaningful improvements in body composition and healthy weight loss. Our combination trial of WVE-007 with weekly tirzepatide is underway, where we believe WVE-007 can demonstrate enhanced fat loss and cardiometabolic benefit, without additional muscle loss. We also remain on track to initiate a post-incretin maintenance trial of WVE-007 in the fourth quarter that has the potential to unlock an entirely new frontier in obesity by enabling patients an off-ramp for their incretin therapy.”
Paul Bolno

Next report

Date not yet announced

Financials

Q3 2026

Income statement

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Revenue$13.2M—
Operating income-$66.0M-17.2%
Net income-$61.9M-15.0%
EPS (diluted)-$0.30+6.3%

Balance sheet

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Cash & equivalents$197.3M+0.6%
Total debt$43.3M+119%
Total equity$401.9M+223%
Total assets$507.9M+110%

Cash flow

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Operating cash flow-$60.1M-34.6%
CapEx$15.0K-94.0%
Free cash flow-$60.2M-33.9%

Valuation & ratios

Valuation

as of 10/27/26
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Market cap$626.61M-47.8%
Enterprise value$472.57M-53.8%

Returns & leverage

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Return on equity-80%—
Debt / equity0.1×-0.1×
Current ratio8.4×+5.9×

FAQ

When did Wave Life Sciences report Q3 2026 earnings?
Wave Life Sciences (WVE) reported Q3 2026 earnings on October 27, 2026 before market open.
What were Wave Life Sciences's Q3 2026 revenue and EPS?
Wave Life Sciences reported revenue of $13.2M and eps of $-0.30 for Q3 2026.
Did Wave Life Sciences beat estimates in Q3 2026?
Revenue beat the consensus estimate of $4.5M by $8.6M. EPS beat the consensus estimate of $-0.33 by $0.03.
How did Wave Life Sciences's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 72.9% from $7.6M a year earlier and eps grew 6.3% from $-0.32.
Where can I find Wave Life Sciences's Q3 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-432690) and the 10-Q periodic report (0001193125-26-432714) directly on SEC EDGAR. The filing index links above go to sec.gov.