What is Wave Life Sciences's current ratio?

Wave Life Sciences (WVE) reported current ratio of 11.3× in Q1 2026.

How has Wave Life Sciences's current ratio changed year-over-year?

Wave Life Sciences's current ratio increased by 281.5% year-over-year, from 3× to 11.3×.

What is the long-term trend for Wave Life Sciences's current ratio?

Over 5 years (2020 to 2025), Wave Life Sciences's current ratio has grown at a 27.8% compound annual growth rate (CAGR), from 1.9× to 6.5×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Wave Life Sciences WVE Current ratio

Current ratio at other companies

Eli LillyLLY

1.5×+0.1×

Sarepta Therapeutics, Inc.SRPT

4.6×+0.6×

Ionis PharmaceuticalsIONS

4.1×-5.6×

Madrigal Pharmaceuticals, Inc.MDGL

3.5×-2.4×

ALN

Alnylam PharmaceuticalsALNY

3.1×+0.1×

Beam TherapeuticsBEAM

17×+8.2×

Other financials

Income statement

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Revenue$38.2M+317%

Operating income-$31.3M+37.2%

Net income-$26.1M+44.4%

EPS (diluted)-$0.13+55.2%

Balance sheet

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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

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Market cap$1.14B+13.0%

Enterprise value$615.92M-22.3%

P/S15.1×-12.2×

Profitability

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Operating margin-75.7%-33.6pp

Net margin-66.5%-29.9pp

FCF margin-27.2%-12.6pp

Returns & leverage

See full

Return on equity-53.7%—

Debt / equity0×-0.1×

Where this comes from

Calculated from Wave Life Sciences’s reported figures.

total current assets/total current liabilities=11.3×

Based on the most recent quarter.

The official record: Wave Life Sciences’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wave Life Sciences's current ratio?: Wave Life Sciences (WVE) reported current ratio of 11.3× in Q1 2026.
How has Wave Life Sciences's current ratio changed year-over-year?: Wave Life Sciences's current ratio increased by 281.5% year-over-year, from 3× to 11.3×.
What is the long-term trend for Wave Life Sciences's current ratio?: Over 5 years (2020 to 2025), Wave Life Sciences's current ratio has grown at a 27.8% compound annual growth rate (CAGR), from 1.9× to 6.5×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.