State Ledger
Company profile

Wave Life Sciences, Inc. CIK 1631574

Ticker
WVE (Nasdaq)
Industry
Pharmaceutical Preparations
Headquarters
Cambridge, MA 02138
Fiscal year end
2025 (FY)
Market Data
Close
$3.27
Change
-$0.20
Change %
-5.63%
Volume
189,709

WVE · trading date Oct 12, 2026 · previous close $3.47 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$42.73M
Net income
-$204.38M
Total assets
$638.50M
Total liabilities
$112.27M
Stockholders' equity
$518.36M
Cash & equivalents
$602.07M
Operating income
-$215.38M
Operating cash flow
-$187.49M
Capital expenditures
$718.0K

Fiscal year 2025, via 10-K filed 2026-02-26. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
-504.1%
Net margin
-478.3%
Free cash flow
-$188.21M
Free cash flow margin
-440.5%
Liabilities / assets
17.6%
Equity / assets
81.2%
CapEx / revenue
1.7%
Operating cash flow / net income
0.92×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $42.73M -$204.38M $638.50M $112.27M $518.36M
2024 $108.30M -$97.01M $352.21M $134.82M $209.52M
2023 $113.31M -$57.51M $274.95M $227.45M $39.63M
2022 $3.65M -$161.82M $146.39M $183.60M -$45.09M
2021 $40.96M -$122.25M $207.01M $166.64M $32.50M
Company Details
SIC code
2834
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form EFFECT
2026-08-14
Financials filed via
Form 10-K
filed 2026-02-26

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Cambridge, MA 02138
733 CONCORD AVENUE
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:34 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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