Wave Life Sciences Ltd.
NASDAQ•WVE
CEO: Dr. Paul B. Bolno M.B.A., M.D.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2015-11-11
Wave Life Sciences Ltd., a clinical-stage biotechnology company, designs, develops, and commercializes ribonucleic acid (RNA) medicines through PRISM, a discovery and drug development platform. The company's RNA medicines platform, PRISM, combines multiple modalities, chemistry innovation, and deep insights into human genetics to deliver scientific breakthroughs that treat both rare and prevalent disorders. It is developing WVE-006, a RNA editing oligonucleotide for the treatment of alpha-1 antitrypsin deficiency; siRNA clinical candidate for the treatment of obesity and other metabolic disorders; WVE-N531, a exon skipping oligonucleotide for the treatment of duchenne muscular dystrophy; and WVE-003, an antisense silencing oligonucleotide for the treatment of Huntington's disease (HD). The company has collaboration agreements with GlaxoSmithKline for the research, development, and commercialization of oligonucleotide therapeutics; Takeda Pharmaceutical Company Limited for the research, development, and commercialization of oligonucleotide therapeutics for disorders of the Central Nervous System; and Asuragen, Inc. for the development and potential commercialization of companion diagnostics for investigational allele-selective therapeutic programs targeting HD. Wave Life Sciences Ltd. was incorporated in 2012 and is based in Singapore.
Contact Information
Marina One East Tower, 7 Straits View No.12-00, Singapore, 018936, Singapore
65-6236-3388
Market Cap
$2.24B
P/E (TTM)
-18.8
38.2
Dividend Yield
--
52W High
$21.73
52W Low
$5.28
52W Range
Rank46Top 59.5%
3.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$7.61M-199.11%
4-Quarter Trend
EPS
-$0.32-31.91%
4-Quarter Trend
FCF
-$44.91M-4.15%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
GSK Collaboration Revenue Up Nine months revenue reached $25.5M USD, driven by GSK agreement, partially offset by Takeda wind-down.
WVE-007 Obesity Trial Progress Phase 1 trial showed highly significant 85% Activin E reduction in Cohort 3 at one month post-dose.
WVE-006 AATD Clinical Proof Demonstrated 20.6 µM total AAT level in acute response cohort, supporting endogenous regulation mechanism.
Liquidity Runway Secured Cash balance $196.2M USD as of September 30, 2025, expected to fund operations for twelve months.
Risk Factors
Operating Loss Widening Nine months net loss increased $24.9M USD to $(151.2)M, reflecting high R&D investment burn rate.
Increased Cash Burn Rate Net cash used in operating activities rose to $(153.7)M for nine months, accelerating cash usage.
Future Financing Uncertainty Inability to raise capital on acceptable terms when needed would negatively impact business strategy execution.
R&D Success Dependency Success depends on R&D efforts, obtaining IP protection, and securing necessary government regulatory approvals.
Outlook
WVE-003 HD IND Submission Preparing for global registrational Phase 2/3 study; expect IND application submission in second half of 2025.
WVE-007 Obesity Data Updates Expect Q4 2025 delivery of three-month follow-up data for WVE-007 Cohort 2 (240 mg dose).
WVE-006 AATD Data Release Expect data from the 400 mg multidose cohort in Q1 2026, continuing RestorAATion-2 study.
WVE-N531 DMD NDA Filing Plan to file New Drug Application in 2026 to support accelerated approval pathway for exon skipping therapy.
Peer Comparison
Revenue (TTM)
$111.55M
$109.23M
$93.54M
Gross Margin (Latest Quarter)
100.0%
ATAI100.0%
100.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| WVE | $2.24B | -18.8 | -75.6% | 8.2% |
| IMNM | $2.06B | -8.8 | -87.2% | 1.3% |
| SYRE | $2.01B | -16.7 | -31.2% | 0.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-55.0%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention
Research & Insights
Next earnings:Mar 3, 2026
EPS:-$0.28
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 10, 2025|Revenue: $7.61M-199.1%|EPS: $-0.32-31.9%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 30, 2025|Revenue: $8.70M-55.8%|EPS: $-0.31+24.0%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 8, 2025|Revenue: $9.18M-26.8%|EPS: $-0.29+20.8%MissForm 10-K/A - FY 2024
Period End: Dec 31, 2024|Filed: Apr 29, 2025|Revenue: $108.30M-4.4%|EPS: $-0.70-29.6%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 4, 2025|Refer to amended dataForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 12, 2024|Revenue: -$7.68M-115.6%|EPS: $-0.47-812.1%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 8, 2024|Revenue: $19.69M-10.9%|EPS: $-0.25+25.0%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 10, 2024|Revenue: $12.54M-3.0%|EPS: $-0.24+0.0%Miss