What is Wave Life Sciences's prepaid expenses?

Wave Life Sciences (WVE) reported prepaid expenses of $13.23M in Q1 2026.

How has Wave Life Sciences's prepaid expenses changed year-over-year?

Wave Life Sciences's prepaid expenses increased by 64.0% year-over-year, from $8.06M to $13.23M.

What is the long-term trend for Wave Life Sciences's prepaid expenses?

Over 5 years (2020 to 2025), Wave Life Sciences's prepaid expenses has grown at a -4.3% compound annual growth rate (CAGR), from $10.43M to $8.4M.

Wave Life Sciences WVE Prepaid expenses

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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 / equity0×-0.1×

Current ratio11.3×+8.3×

Where this comes from

Reported directly by Wave Life Sciences in its filing.

Tagged under the XBRL concept us-gaap:PrepaidExpenseCurrent.

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 prepaid expenses?: Wave Life Sciences (WVE) reported prepaid expenses of $13.23M in Q1 2026.
How has Wave Life Sciences's prepaid expenses changed year-over-year?: Wave Life Sciences's prepaid expenses increased by 64.0% year-over-year, from $8.06M to $13.23M.
What is the long-term trend for Wave Life Sciences's prepaid expenses?: Over 5 years (2020 to 2025), Wave Life Sciences's prepaid expenses has grown at a -4.3% compound annual growth rate (CAGR), from $10.43M to $8.4M.