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Equiscale · Syntellia LLC
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 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 GalNAc-conjugated RNA editing oligonucleotide for the treatment of alpha-1 antitrypsin deficiency; WVE-007, a GalNAc-conjugated small interfering RNA designed to silence INHBE mRNA targeting obesity; WVE-008, a GalNAc-conjugated RNA editing oligonucleotide for the treatment of liver disease; WVE-N531, an exon splicing oligonucleotide for the treatment of Duchenne muscular dystrophy; and WVE-003, an allele-selective 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 founded in 2012 and is based in Singapore.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $43M | $-207M | $-204M | $-188M | -39.4% | -60.5% | 110.7% |
| 2024 | $108M | $-102M | $-97M | $-152M | -46.3% | -4.4% | 68.7% |
| 2023 | $113M | $-59M | $-58M | $-21M | -145.1% | 3005.1% | -64.5% |
| 2022 | $4M | $-153M | $-162M | $-129M | 358.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3.65 | 113.30 | 108.30 | 42.73 |
| Operating Revenue | - | 3.65 | 113.30 | 108.30 | 42.73 |
| Operating Expense | - | 166.37 | 181.30 | 218.70 | 258.11 |
| Research And Development | - | 115.86 | 130.01 | 159.68 | 182.78 |
| Selling General And Administration | - | 50.51 | 51.29 | 59.02 | 75.33 |
| Total Expenses | - | 166.37 | 181.30 | 218.70 | 258.11 |
| Operating Income | - | -162.72 | -68 | -110.40 | -215.38 |
| Total Operating Income As Reported | - | -162.72 | -68 | -110.40 | -215.38 |
| EBITDA | - | -152.61 | -58.79 | -101.74 | -206.53 |
| Normalized EBITDA | - | -154.18 | -66.72 | -111.90 | -217.01 |
| EBIT | - | -162.72 | -68 | -110.40 | -215.38 |
| Other Non Operating Income Expenses | - | 0.01 | 1.88 | 3.23 | 0.53 |
| Other Income Expense | - | 1.58 | 9.81 | 13.40 | 11 |
| Pretax Income | - | -161.14 | -58.19 | -97.01 | -204.38 |
| Tax Provision | - | 0.68 | -0.68 | 0 | 0 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.27 | 0.09 | 0 | 0 |
| Net Income Continuous Operations | - | -161.82 | -57.51 | -97.01 | -204.38 |
| Net Income From Continuing And Discontinued Operation | - | -161.82 | -57.51 | -97.01 | -204.38 |
| Net Income From Continuing Operation Net Minority Interest | - | -161.82 | -57.51 | -97.01 | -204.38 |
| Net Income | - | -161.82 | -57.51 | -97.01 | -204.38 |
| Net Income Common Stockholders | - | -161.82 | -57.51 | -97.01 | -204.38 |
| Net Income Including Noncontrolling Interests | - | -161.82 | -57.51 | -97.01 | -204.38 |
| Normalized Income | - | -163.13 | -65.35 | -107.17 | -214.86 |
| Diluted NI Availto Com Stockholders | - | -161.82 | -57.51 | -97.01 | -204.38 |
| Basic Average Shares | - | 78.86 | 106.10 | 138.28 | 168.65 |
| Diluted Average Shares | - | 78.86 | 106.10 | 138.28 | 168.65 |
| Reconciled Depreciation | - | 10.11 | 9.21 | 8.66 | 8.85 |
| Total Unusual Items | - | 1.57 | 7.93 | 10.16 | 10.48 |
| Total Unusual Items Excluding Goodwill | - | 1.57 | 7.93 | 10.16 | 10.48 |
| Gain On Sale Of Security | - | 1.57 | 7.93 | 10.16 | 10.48 |
| General And Administrative Expense | - | 50.51 | 51.29 | 59.02 | 75.33 |
| Other Gand A | - | 50.51 | 51.29 | 59.02 | 75.33 |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Wave Life Sciences Ltd.this co. | WVE | $1.2B | - | 2.26 | -39.4% | - |
| IRADIMED CORPORATION | IRMD | $1.2B | 53.21 | 12.64 | 23.8% | 41.92 |
| CareDx, Inc. | CDNA | $1.2B | -55.93 | 3.94 | -7.0% | -248.15 |
| Kestra Medical Technologies, Ltd. | KMTS | $1.2B | -10.49 | 5.81 | -55.4% | -10.21 |
| AMN Healthcare Services, Inc. | AMN | $1.2B |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.85 |
| -14.9% |
| 19.35 |
| Schrödinger, Inc. | SDGR | $1.2B | -11.47 | 3.25 | -28.4% | -6.61 |
| Avanos Medical, Inc. | AVNS | $1.2B | - | 1.50 | -9.4% | - |
| Zenas BioPharma, Inc. | ZBIO | $1.2B | -3.07 | 4.79 | -156.0% | -2.84 |
| Absci Corporation | ABSI | $1.1B | -9.94 | 6.04 | -60.8% | -10.95 |
| Peer Median | - | -10.21 | 4.37 | -21.6% | -6.61 | |
Historically, Dec has averaged the highest return (+28.3%); Jan the lowest (-20.9%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -23.9%Negative MonthJan 2026: -23.88% | +7.7%Positive MonthFeb 2026: +7.65% | -48.0%Negative MonthMar 2026: -47.95% | -2.6%Negative MonthApr 2026: -2.62% | -6.8%Negative MonthMay 2026: -6.80% | -11.7%Negative MonthJun 2026: -11.70% | -5.2%Negative MonthJul 2026: -5.16% | -1.7%*Neutral MonthAug 2026: -1.72% | — | — | — | — |
| 2025 | -6.5%Negative MonthJan 2025: -6.47% | -8.6%Negative MonthFeb 2025: -8.64% | -23.6%Negative MonthMar 2025: -23.56% | -4.5%Negative MonthApr 2025: -4.46% | -22.2%Negative MonthMay 2025: -22.15% | +8.2%Positive MonthJun 2025: +8.15% | +24.6%Positive MonthJul 2025: +24.62% | +18.5%Positive MonthAug 2025: +18.52% | -23.8%Negative MonthSep 2025: -23.75% | +23.5%Positive MonthOct 2025: +23.50% | -14.2%Negative MonthNov 2025: -14.16% | +119.1%Positive MonthDec 2025: +119.07% |
| 2024 | -14.5%Negative MonthJan 2024: -14.46% | +11.3%Positive MonthFeb 2024: +11.34% | +28.3%Positive MonthMar 2024: +28.27% | -20.1%Negative MonthApr 2024: -20.10% | +25.4%Positive MonthMay 2024: +25.35% | -19.3%Negative MonthJun 2024: -19.26% | +32.5%Positive MonthJul 2024: +32.46% | -13.2%Negative MonthAug 2024: -13.16% | +42.9%Positive MonthSep 2024: +42.86% | +67.2%Positive MonthOct 2024: +67.20% | +10.1%Positive MonthNov 2024: +10.14% | -18.1%Negative MonthDec 2024: -18.08% |
| 2023 | -29.6%Negative MonthJan 2023: -29.57% | -14.8%Negative MonthFeb 2023: -14.81% | +3.1%Positive MonthMar 2023: +3.10% | -7.9%Negative MonthApr 2023: -7.85% | -0.8%Neutral MonthMay 2023: -0.75% | -8.1%Negative MonthJun 2023: -8.08% | +20.1%Positive MonthJul 2023: +20.05% | -0.5%Neutral MonthAug 2023: -0.46% | +32.2%Positive MonthSep 2023: +32.18% | -6.4%Negative MonthOct 2023: -6.43% | -1.3%Neutral MonthNov 2023: -1.30% | -4.9%Negative MonthDec 2023: -4.90% |
| 2022 | -30.3%Negative MonthJan 2022: -30.25% | +12.3%Positive MonthFeb 2022: +12.33% | -18.7%Negative MonthMar 2022: -18.70% | -2.5%Negative MonthApr 2022: -2.50% | -28.2%Negative MonthMay 2022: -28.21% | +132.1%Positive MonthJun 2022: +132.14% | -21.8%Negative MonthJul 2022: -21.85% | +16.9%Positive MonthAug 2022: +16.93% | +21.5%Positive MonthSep 2022: +21.55% | +32.7%Positive MonthOct 2022: +32.69% | -11.5%Negative MonthNov 2022: -11.48% | +65.1%Positive MonthDec 2022: +65.09% |
| 2021 | — | — | — | — | +11.2%Positive MonthMay 2021: +11.22% | -2.6%Negative MonthJun 2021: -2.63% | -17.3%Negative MonthJul 2021: -17.27% | +14.9%Positive MonthAug 2021: +14.88% | -22.6%Negative MonthSep 2021: -22.59% | -6.3%Negative MonthOct 2021: -6.33% | -15.0%Negative MonthNov 2021: -15.03% | -19.5%Negative MonthDec 2021: -19.49% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
