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| Date | Value |
|---|---|
| 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 |