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Wave Life Sciences WVE Operating Income

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Other financials

Income statement

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Revenue$2.3M-73.9%
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-6.8%
Enterprise value$877.58M-20.4%
P/S20.6×-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:OperatingIncomeLoss.

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
Research and development51,29343,46998,73384,091
General and administrative24,78117,98946,88436,346
Total operating expenses76,07461,458145,617120,437
Loss from operations(73,802)(52,759)(105,099)(102,563)
Other income, net:
Interest income4,7222,37210,0135,247
Other expense(275)(82)(356)(31)
Total other income, net4,4472,2909,6575,216

Item 1. Financial Statements

FAQ

What is Wave Life Sciences's operating income?
Wave Life Sciences (WVE) reported operating income of -$73.8M in Q2 2026.
How has Wave Life Sciences's operating income changed year-over-year?
Wave Life Sciences's operating income decreased by 39.9% year-over-year, from -$52.76M to -$73.8M.
What is the long-term trend for Wave Life Sciences's operating income?
Over 3 years (2021 to 2025), Wave Life Sciences's operating income has grown at a 19.2% compound annual growth rate (CAGR), from -$127.02M to -$215.38M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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