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Wave Life Sciences WVE Pre-Tax Income

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Other financials

Income statement

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Revenue$2.3M-73.9%
Operating income-$73.8M-39.9%
Net income-$69.4M-37.4%
EPS (diluted)-$0.34-9.7%

Balance sheet

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Cash & equivalents$368.0M+76.5%
Total debt$43.6M+101%
Total equity$453.5M+226%
Total assets$558.3M+121%

Cash flow

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Operating cash flow-$53.6M-16.5%
CapEx$884.0K+189%
Free cash flow-$54.5M-17.6%

Valuation

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Market cap$1.2B-7.3%
Enterprise value$871.66M-21.0%
P/S20.5×-16.6×

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-68.3%
Debt / equity0.1×-0.1×
Current ratio10×+7.4×

Where this comes from

Reported directly by Wave Life Sciences in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: Wave Life Sciences’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 7:50 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-324949
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Interest income4,7222,37210,0135,247
Other expense(275)(82)(356)(31)
Total other income, net4,4472,2909,6575,216
Loss before income taxes(69,355)(50,469)(95,442)(97,347)
Income tax benefit
Net loss$(69,355)$(50,469)$(95,442)$(97,347)
Net loss per share attributable to ordinary shareholders—basic and diluted$(0.34)$(0.31)$(0.47)$(0.60)
Weighted-average ordinary shares used in computing net loss per share attributable to ordinary shareholders—basic and diluted204,008,712163,987,640202,098,901163,266,106

Item 1. Financial Statements

FAQ

What is Wave Life Sciences's pre-tax income?
Wave Life Sciences (WVE) reported pre-tax income of -$69.36M in Q2 2026.
How has Wave Life Sciences's pre-tax income changed year-over-year?
Wave Life Sciences's pre-tax income decreased by 37.4% year-over-year, from -$50.47M to -$69.36M.
What is the long-term trend for Wave Life Sciences's pre-tax income?
Over 3 years (2021 to 2025), Wave Life Sciences's pre-tax income has grown at a 18.6% compound annual growth rate (CAGR), from -$122.45M to -$204.38M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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