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Wave Life Sciences WVE US — Income Tax Reconciliation Tax Credits Research

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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$1.11B+9.2%
Enterprise value$577.44M-27.2%
P/S14.6×-11.8×

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

Reported directly by Wave Life Sciences in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxReconciliationTaxCreditsResearch.

The official record: Wave Life Sciences’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wave Life Sciences's US — income tax reconciliation tax credits research?
Wave Life Sciences (WVE) reported US — income tax reconciliation tax credits research of -$1.24M in Q4 2025.
What does US — income tax reconciliation tax credits research mean?
This metric quantifies the dollar value of tax credits claimed by the US segment specifically for research and development activities. It reflects the company's ability to leverage government incentives to offset tax liabilities through innovation investment. This is a key indicator of the tax-shield benefits derived from the company's R&D-heavy business model.