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Wave Life Sciences WVE Free cash flow

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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%

Valuation

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Market cap$1.14B+10.1%
Enterprise value$615.92M-18.1%
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.

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 free cash flow?
Wave Life Sciences (WVE) reported free cash flow of -$59.99M in Q1 2026.
How has Wave Life Sciences's free cash flow changed year-over-year?
Wave Life Sciences's free cash flow increased by 5.1% year-over-year, from -$63.2M to -$59.99M.
What is the long-term trend for Wave Life Sciences's free cash flow?
Over 3 years (2021 to 2025), Wave Life Sciences's free cash flow has grown at a 28.1% compound annual growth rate (CAGR), from -$89.55M to -$188.21M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.