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Wave Life Sciences, Inc. (WVE) stock

WVENasdaqPharmaceutical PreparationsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 10/3036% below fair value
$3.15−0.27 (-7.75%)

Close on Nov 12, 2026Market cap $622.26MP/E –Yield –

Wave Life Sciences, Inc. reported revenue of $70.92M for the twelve months to Sep 30, 2026. Free cash flow was -$208.39M. At the latest close the market valued the company at $622.26M.

Revenue
$70.92M
TTM Q3 2026
Operating income
-$227.61M
TTM Q3 2026
Free cash flow
-$208.39M
TTM Q3 2026
EPS, diluted
-$1.06
TTM Q3 2026

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$622.26M
P/E ratio
–
Price to sales
8.77
Price to book
1.55
Dividend yield
–
Free cash flow yield
-33.49%

Fundamentals

Revenue
$70.92M
Net income
-$210.53M
EPS, diluted
-$1.06
Free cash flow
-$208.39M
Book value per share
$1.97
Diluted shares
204M

Trading

Next earnings
Feb 25, 2027 (estimated, before the open)
Previous close
$3.42
Open
$3.45
Day's range
$3.15 – $3.53
Volume
2,473,304
Average volume (20 days)
2,980,528
Beta (5 years)
1.31
52-week range
$3.04 – $21.73
RSI (14 days)
38.3
Volatility (1 year)
167.6%
Relative volume
0.81×
WACC
11.4%

On 1 of our idea list: More cash than they're worth

Market cap history

Month-end market cap since 2015, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodWVES&P 500DifferenceWVE per yearS&P 500 per year
1 month-3.8%-2.7%−1.1 pts
3 months-39.8%-1.7%−38.0 pts
Year to date-81.4%+11.9%−93.3 pts
1 year-54.6%+12.0%−66.6 pts
3 years-39.9%+78.2%−118.1 pts-15.6%+21.2%
5 years-32.3%+73.2%−105.5 pts-7.5%+11.6%
10 years-91.4%+309.6%−401.0 pts-21.7%+15.1%

Fourteen years at a glance

Fiscal years 2012 to 2025 and trailing twelve months, USD

Revenue

$70.92M

Operating income

-$227.61M

Net income

-$210.53M

EPS, diluted

-$1.06

Free cash flow

-$208.39M
Reported periodTrailing twelve months

Press releases

Releases Wave Life Sciences filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Wave Life Sciences

Pharmaceutical Preparations

Wave Life Sciences is a clinical-stage biotechnology company developing ribonucleic acid (RNA) medicines to treat rare and prevalent human disorders. Utilizing its proprietary PRISM platform, the company designs stereopure oligonucleotides across modalities including RNA interference, RNA editing, antisense silencing, and splicing. Its therapeutic pipeline focuses on clinical candidates for obesity, alpha-1 antitrypsin deficiency, and PNPLA3-related liver disease, alongside clinical programs targeting Duchenne muscular dystrophy and Huntington’s disease. Wave collaborates with strategic pharmaceutical partners, including GSK, to advance preclinical discovery programs and develop therapeutics addressing both hepatic and extra-hepatic targets.

Company profile, executives and history

Wave Life Sciences stock: common questions

What is Wave Life Sciences's stock price?

WVE closed at $3.15 on Nov 12, 2026, down 7.75% on the day. Over the past 52 weeks it traded between $3.04 and $21.73.

What is Wave Life Sciences's market cap?

Wave Life Sciences was worth $622.26M at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is WVE's P/E ratio?

Wave Life Sciences lost money over the twelve months to Sep 30, 2026 (diluted EPS -$1.06), so it has no meaningful P/E ratio.

How much revenue does Wave Life Sciences make?

Wave Life Sciences reported revenue of $70.92M for the twelve months to Sep 30, 2026.

Does Wave Life Sciences pay a dividend?

No. Wave Life Sciences has not paid a cash dividend over the last twelve months.

When does Wave Life Sciences report earnings next?

Wave Life Sciences is expected to report Q4 FY2026 results on Feb 25, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.

How has WVE stock performed over the past year?

Including dividends, WVE returned -54.6% over the past year, against +12.0% for the S&P 500.

How many WVE shares are sold short?

21M shares were sold short at the latest FINRA report, 13.61% of the float, or 6.8 days of average trading volume.

Who are Wave Life Sciences's competitors?

Companies most similar to Wave Life Sciences by business, industry and size include AMLX, STOK, QURE, SEPN, PRTA.

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