Wave Life Sciences (WVE) Operating Expenses (2014 - 2026)
Wave Life Sciences' (WVE) quarterly Operating Expenses came in at $76.1 million in Q2 2026, up 23.78% YoY from $61.5 million in Q2 2025, and up 9.39% on a QoQ basis from $69.5 million in Q1 2026.
Analysis
Wave Life Sciences (WVE) Operating Expenses (2014 - 2026) Analysis & Trends
Wave Life Sciences (WVE) has 13 years of Operating Expenses data on file, last reported at $76.1 million in Q2 2026.
- Quarterly Operating Expenses rose 23.78% year-over-year to $76.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $283.3 million (up 19.3% YoY) and the FY2025 annual result came in at $258.1 million, up 18.02% from the prior year.
- Operating Expenses grew to $76.1 million in Q2 2026, from $69.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $76.1 million in Q2 2026 to a low of $39.2 million in Q3 2022.
- A 5-year average of $53.9 million and a median of $51.2 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses dropped 11.01% — and 2024, when it grew 27.32%.
- Tracing WVE's Operating Expenses over 5 years: stood at $44.8 million in 2022, then advanced by 6.55% to $47.7 million in 2023, then grew by 27.32% to $60.8 million in 2024, then gained by 21.27% to $73.7 million in 2025, then advanced by 3.2% to $76.1 million in 2026.
- The last three Operating Expenses figures came in at $76.1 million (Q2 2026), $69.5 million (Q1 2026), and $73.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 139.27 Bn | 131.42 Bn | 2.84 Bn | 2.09 Bn |
| 2 | Regeneron Pharmaceuticals | 85.55 Bn | 77.56 Bn | 3.93 Bn | 3.00 Bn |
| 3 | Argenx Se | 63.45 Bn | 58.27 Bn | 1.37 Bn | -1.05 Bn |
| 4 | Moderna | 57.73 Bn | 52.59 Bn | 52.00 Mn | 960.00 Mn |
| 5 | Revolution Medicines | 44.08 Bn | 44.08 Bn | - | 505.13 Mn |
| 6 | BeOne Medicines | 39.95 Bn | 34.85 Bn | 1.53 Bn | 1.21 Bn |
| 7 | Alnylam Pharmaceuticals | 35.14 Bn | 31.84 Bn | 992.69 Mn | 1.06 Bn |
| 8 | Royalty Pharma | 28.44 Bn | 27.60 Bn | - | 541.02 Mn |
| 9 | Insmed | 27.32 Bn | 26.16 Bn | 358.27 Mn | 427.03 Mn |
| 10 | Wave Life Sciences | 988.42 Mn | 620.41 Mn | - | 76.07 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 76.07 Mn |
| 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 |