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Wave Life Sciences WVE Q4 2025 Annual earnings

Reported February 26, 2026 · Before market open

Revenue$17.2MBeat by $1.2M
EPS-$0.30Miss by $0.02
Revenue estimate$16.1M
EPS estimate-$0.28

Next report

Nov 9, 2026 (in 2 months)
Revenue estimate$5.0M
EPS estimate-$0.33

Financials

Q4 2025

Income statement

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Operating income-$56.5M—
Net income-$53.2M—
EPS (diluted)-$0.29—

Balance sheet

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Cash & equivalents$602.1M+99.3%
Total debt$17.8M-30.1%
Total equity$518.4M+147%
Total assets$638.5M+81.3%

Cash flow

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Operating cash flow-$33.8M+22.6%
CapEx--100%
Free cash flow-$33.8M+22.8%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$3.16B+67.4%
Enterprise value$2.57B+59.9%

Returns & leverage

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Return on equity-56.2%—
Debt / equity0×-0.1×
Current ratio6.5×+3.6×

FAQ

When did Wave Life Sciences report Q4 2025 earnings?
Wave Life Sciences (WVE) reported Q4 2025 earnings on February 26, 2026 before market open.
What were Wave Life Sciences's Q4 2025 revenue and EPS?
Wave Life Sciences reported revenue of $17.2M and eps of $-0.30 for Q4 2025.
Did Wave Life Sciences beat estimates in Q4 2025?
Revenue beat the consensus estimate of $16.1M by $1.2M. EPS missed the consensus estimate of $-0.28 by $0.02.
How did Wave Life Sciences's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 79.4% from $83.7M a year earlier.
Where can I find Wave Life Sciences's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-073437) and the 10-K periodic report (0001193125-26-073472) directly on SEC EDGAR. The filing index links above go to sec.gov.