Wave Life Sciences (WVE) Operating Expenses (2014 - 2026)

Wave Life Sciences (WVE) posted Operating Expenses of $69.5 million for Q1 2026, down 5.65% on a QoQ basis from $73.7 million in Q4 2025, and up 17.91% year-over-year from $59.0 million in Q1 2025.

Wave Life Sciences (WVE) Operating Expenses (2014 - 2026) Analysis & Trends

Wave Life Sciences' Operating Expenses history runs 13 years deep, the most recent figure standing at $69.5 million for Q1 2026.

  • Quarterly Operating Expenses rose 17.91% year-over-year to $69.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $268.7 million (up 16.47% YoY) and the FY2025 annual result came in at $258.1 million, up 18.02% from the prior year.
  • Operating Expenses was $69.5 million for Q1 2026 at Wave Life Sciences, down from $73.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $73.7 million in Q4 2025 and bottomed at $39.2 million in Q3 2022.
  • A 5-year average of $52.6 million and a median of $47.7 million in 2023 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses retreated 11.01% — and 2024, when it gained 27.32%.
  • Wave Life Sciences' Operating Expenses stood at $44.8 million in 2022, then grew by 6.55% to $47.7 million in 2023, then rose by 27.32% to $60.8 million in 2024, then climbed by 21.27% to $73.7 million in 2025, then declined by 5.65% to $69.5 million in 2026.
  • Business Quant data shows WVE's Operating Expenses at $69.5 million in Q1 2026, $73.7 million in Q4 2025, and $64.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -28.01 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 1.10 Bn
4 NuCana 279.75 Bn 279.75 Bn - -3.78 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 2.89 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 445.22 Mn
10 Wave Life Sciences 1.16 Bn 612.38 Mn - 69.54 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 69.54 Mn
Dec 31, 2025 73.71 Mn
Sep 30, 2025 63.96 Mn
Jun 30, 2025 61.46 Mn
Mar 31, 2025 58.98 Mn
Dec 31, 2024 60.78 Mn
Sep 30, 2024 56.24 Mn
Jun 30, 2024 54.69 Mn
Mar 31, 2024 47.00 Mn
Dec 31, 2023 47.74 Mn
Sep 30, 2023 44.77 Mn
Jun 30, 2023 45.58 Mn
Mar 31, 2023 43.21 Mn
Dec 31, 2022 44.80 Mn
Sep 30, 2022 39.18 Mn
Jun 30, 2022 42.54 Mn
Mar 31, 2022 39.84 Mn
Dec 31, 2021 37.88 Mn
Sep 30, 2021 44.03 Mn
Jun 30, 2021 42.60 Mn