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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

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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

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

Where this comes from

Calculated from Wave Life Sciences’s reported figures.

$31.3Mebit+
$841.0KDepreciation Depletion & Amortization
=-$30.46M

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 EBITDA?
Wave Life Sciences (WVE) reported EBITDA of -$30.46M in Q1 2026.
How has Wave Life Sciences's EBITDA changed year-over-year?
Wave Life Sciences's EBITDA increased by 37.8% year-over-year, from -$48.93M to -$30.46M.
What is the long-term trend for Wave Life Sciences's EBITDA?
Over 3 years (2021 to 2025), Wave Life Sciences's EBITDA has grown at a 21.0% compound annual growth rate (CAGR), from -$119.53M to -$211.94M.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.