Wave Life Sciences Ltd.
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 10, 2025
WVE$3.41-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Balance Sheets
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $196,218 | $302,078 |
| Accounts receivable | 10,000 | 1,422 |
| Prepaid expenses | 6,653 | 9,544 |
| Other current assets | 2,617 | 7,350 |
| Total current assets | 215,488 | 320,394 |
| Long-term assets: | ||
| Property and equipment, net of accumulated depreciation of $48,755 and $46,329 as of September 30, 2025 and December 31, 2024, respectively | 8,196 | 10,128 |
| Operating lease right-of-use assets | 13,876 | 17,870 |
| Restricted cash | 3,796 | 3,760 |
| Other assets | 22 | 55 |
| Total long-term assets | 25,890 | 31,813 |
| Total assets | $241,378 | $352,207 |
| Liabilities, Series A preferred shares, and shareholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $14,490 | $16,262 |
| Accrued expenses and other current liabilities | 16,487 | 21,081 |
| Current portion of deferred revenue | 46,525 | 65,972 |
| Current portion of operating lease liability | 8,394 | 7,638 |
| Total current liabilities | 85,896 | 110,953 |
| Long-term liabilities: | ||
| Deferred revenue, net of current portion | 11,681 | 6,099 |
| Operating lease liability, net of current portion | 11,378 | 17,766 |
| Total long-term liabilities | 23,059 | 23,865 |
| Total liabilities | $108,955 | $134,818 |
| Series A preferred shares, no par value; 3,901,348 shares issued and outstanding at September 30, 2025 and December 31, 2024 | $7,874 | $7,874 |
| Shareholders’ equity: | ||
| Ordinary shares, no par value; 160,288,481 and 153,037,286 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively | $1,223,721 | $1,175,181 |
| Additional paid-in capital | 174,075 | 156,454 |
| Accumulated other comprehensive loss | (190) | (262) |
| Accumulated deficit | (1,273,057) | (1,121,858) |
| Total shareholders’ equity | $124,549 | $209,515 |
| Total liabilities, Series A preferred shares, and shareholders’ equity | $241,378 | $352,207 |
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