tradmap

WVE Financials Wave Life Sciences Ltd.

13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 16.3% per year over the past 5 years.
  • Operating margin has expanded, at -504.1% in the latest year.

Financial health

  • The company is unprofitable; at its current free-cash-flow burn it has roughly 3.2 years of cash runway.
Revenue & net income
-$204M -$46M $113M $0 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-5103% -2551% 0% 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$192M -$96M $0 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $301M $602M 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$188M $150M $488M $0 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $43M -$204M 0.0% -504.1% -$188M $602M
2024 $108M -$97M 0.0% -101.9% -$152M $302M
2023 $113M -$58M 0.0% -60.0% -$21M $200M
2022 $4M -$162M 0.0% -4459.3% -$129M $88M
2021 $41M -$122M 0.0% -310.1% -$90M $151M
2020 $20M -$150M 0.0% -763.9% -$117M $184M
2019 $16M -$194M 0.0% -1303.4% -$192M $147M
2018 $14M -$147M 0.0% -1106.7% -$33M $175M
2017 $4M -$102M 0.0% -2630.1% -$103M $143M
2016 $1M -$56M 0.0% -5102.6% -$37M $150M
2015 -$19M $161M
2014 -$5M $1M
2013 -$3M $439000

Valuation over time

How the market has priced WVE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 151.6 303.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is WVE growing its revenue and profit?

Over the past 5 years, Wave Life Sciences Ltd.'s revenue has grown 16.3% per year. These are computed facts, not advice.

How much debt does WVE have?

As of FY2025, Wave Life Sciences Ltd. reported — of total debt against $602M of cash.

What is WVE's profit margin?

In FY2025, gross margin was —, operating margin -504.1%, and net margin -478.3%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.