Wave Life Sciences WVE
NASDAQ WVE
$4.85 +0.15 (+3.19%)
As of: Sep 4, 2026 · 3:59 PM EDT

Wave Life Sciences (WVE) Free Cash Flow (2014 - 2026)

Wave Life Sciences' (WVE) quarterly Free Cash Flow came in at -$54.5 million in Q2 2026, down 17.59% YoY from -$66.1 million in Q2 2025, and up 9.21% on a QoQ basis from -$60.0 million in Q1 2026.

Analysis

Wave Life Sciences (WVE) Free Cash Flow (2014 - 2026) Analysis & Trends

Wave Life Sciences (WVE) has 13 years of Free Cash Flow data on file, last reported at -$54.5 million in Q2 2026.

  • Quarterly Free Cash Flow fell 17.59% year-over-year to -$54.5 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$193.1 million (up 3.48% YoY) and the FY2025 annual result came in at -$188.2 million, down 23.85% from the prior year.
  • Free Cash Flow rose to -$54.5 million in Q2 2026, from -$60.0 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $85.0 million in Q1 2023 to a low of -$63.2 million in Q1 2025.
  • A 5-year average of -$33.6 million and a median of -$36.0 million in 2023 frame the typical range for Free Cash Flow.
  • Annual changes were most pronounced in 2022 — Free Cash Flow sank 377.36% — and 2023, when it surged 312.15%.
  • Tracing WVE's Free Cash Flow over 5 years: stood at -$33.6 million in 2022, then advanced by 0.15% to -$33.6 million in 2023, then tumbled by 30.18% to -$43.7 million in 2024, then rose by 22.77% to -$33.8 million in 2025, then sank by 61.26% to -$54.5 million in 2026.
  • The last three Free Cash Flow figures came in at -$54.5 million (Q2 2026), -$60.0 million (Q1 2026), and -$33.8 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Vertex Pharmaceuticals 138.47 Bn 130.62 Bn 2.84 Bn 1.01 Bn
2 Regeneron Pharmaceuticals 85.18 Bn 77.19 Bn 3.93 Bn 572.80 Mn
3 Argenx Se 63.38 Bn 58.19 Bn 1.37 Bn -
4 Moderna 58.09 Bn 52.95 Bn 52.00 Mn -563.00 Mn
5 Revolution Medicines 44.33 Bn 44.33 Bn - -389.61 Mn
6 BeOne Medicines 40.02 Bn 34.92 Bn 1.53 Bn 437.80 Mn
7 Alnylam Pharmaceuticals 35.57 Bn 32.27 Bn 992.69 Mn 292.04 Mn
8 Royalty Pharma 28.45 Bn 27.61 Bn - 477.44 Mn
9 Insmed 27.48 Bn 26.32 Bn 358.27 Mn -95.09 Mn
10 Wave Life Sciences 994.54 Mn 626.53 Mn - -54.47 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -54.47 Mn
Mar 31, 2026 -59.99 Mn
Dec 31, 2025 -33.78 Mn
Sep 30, 2025 -44.91 Mn
Jun 30, 2025 -46.32 Mn
Mar 31, 2025 -63.20 Mn
Dec 31, 2024 -43.73 Mn
Sep 30, 2024 -46.86 Mn
Jun 30, 2024 -27.52 Mn
Mar 31, 2024 -33.85 Mn
Dec 31, 2023 -33.60 Mn
Sep 30, 2023 -34.66 Mn
Jun 30, 2023 -37.33 Mn
Mar 31, 2023 85.03 Mn
Dec 31, 2022 -33.64 Mn
Sep 30, 2022 -26.10 Mn
Jun 30, 2022 -29.31 Mn
Mar 31, 2022 -40.08 Mn
Dec 31, 2021 -7.05 Mn
Sep 30, 2021 -28.28 Mn