WAVE Life Sciences Ltd.

WVE Healthcare Biotechnology

WAVE Life Sciences Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $42.7 million, down 60.5% from fiscal 2024.

Revenue
+73.0%
EPS
+5.25%
Free cash flow
−33.9%

Quarter to September 2026, against a year earlier

3.36 0.14 +4.35%
Market cap
$635.1M
P/E
0.0×
Fwd P/E
−3.2×
Dividend yield
—
F-score
3/9
Altman Z
11.34
Beneish M
−2.44
Dividend safety
n/a
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Piotroski F-Score
— 3 3 3 5 5 2 4 2 3
Altman Z-Score
15.35 13.80 0.24 (3.97) (3.76) (6.14) (10.94) (4.04) 2.72 11.34
P/S ratio
547.06 237.00 84.49 16.99 15.38 3.23 133.98 5.00 15.79 67.10
Altman Z″-Score (non-manufacturers)
8.29 2.04 (5.42) (9.18) (8.66) (13.50) (28.05) (12.47) (7.05) 0.83
P/FCF ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Beneish M-Score
— — 1.40 (1.70) (2.90) — — — (2.67) (2.44)
P/Operating CF
(44.76) (40.55) (37.11) (4.44) (9.83) (23.14) (14.62) (17.04) (39.19) (84.88)
P/B ratio
4.43 6.61 16.60 4.26 3.73 5.01 0.00 14.30 8.16 5.53
EV/Sales
409.44 200.40 72.37 7.79 6.19 0.24 109.74 3.23 13.00 53.01
EV/EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/FCF
(11.93) (7.61) (31.80) (0.65) (1.06) (0.14) (3.10) (17.82) (9.27) (12.03)
Current Ratio
12.50 8.27 1.56 1.57 1.90 2.53 1.38 1.26 2.89 6.47
Net Debt/EBITDA
2.74 1.42 1.13 0.74 1.29 1.28 0.58 3.41 2.97 2.92
Debt/Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ROE
(38.61%) (74.31%) (137.73%) (282.52%) (204.64%) (212.09%) 2,570.05% 2,106.32% (77.87%) (56.16%)
ROA
(33.71%) (58.84%) (61.39%) (66.75%) (53.21%) (50.28%) (91.58%) (27.30%) (30.94%) (41.26%)
ROIC
0.00% (1,284.77%) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Tangible Assets
(37.50%) (63.88%) (130.75%) (186.75%) (108.47%) (101.34%) (365.29%) (92.74%) (44.18%) (38.77%)
Average Days of Receivables
0.00 93.76 253.23 456.74 545.40 0.00 0.00 67.93 4.79 10.90
Earnings Yield
(9.20%) (11.03%) (12.04%) (71.20%) (50.57%) (75.48%) (34.35%) (10.30%) (6.31%) (7.18%)
Free Cash Flow Yield
(6.28%) (11.12%) (2.69%) (70.75%) (38.00%) (55.03%) (26.39%) (3.63%) (8.88%) (6.56%)
Free Cash Flow per Share
(1.64) (3.87) (1.13) (5.67) (2.99) (1.73) (1.64) (0.19) (1.10) (1.12)
Book value per Share
6.26 5.56 2.53 1.88 2.11 0.63 (0.57) 0.37 1.52 3.07
Free Cash Flow
(37.49) (102.56) (32.80) (192.15) (117.32) (89.55) (129.04) (20.55) (151.96) (188.21)
EV/EBIT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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Columns are period end dates · fundamentals updated 2 Nov 2026