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Other financials

Income statement

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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-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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Revenue$2,272$8,699$40,518$17,874
Operating expenses:
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

Item 1. Financial Statements

FAQ

What is Wave Life Sciences's total revenue?
Wave Life Sciences (WVE) reported total revenue of $2.27M in Q2 2026.
How has Wave Life Sciences's total revenue changed year-over-year?
Wave Life Sciences's total revenue decreased by 73.9% year-over-year, from $8.7M to $2.27M.
What is the long-term trend for Wave Life Sciences's total revenue?
Over 2 years (2021 to 2023), Wave Life Sciences's total revenue has grown at a 66.3% compound annual growth rate (CAGR), from $40.96M to $113.31M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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