WVE: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, WVE has $241,378K in assets. $108,955K in debts. $196,218K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	196,218	208,481
Accounts receivable	10,000	1,617
Prepaid expenses	6,653	6,700
Other current assets	2,617	6,758
Total current assets	215,488	223,556
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	9,037
Operating lease right-of-use assets	13,876	15,250
Restricted cash	3,796	3,784
Other assets	22	728
Total long-term assets	25,890	28,799
Total assets	241,378	252,355

Accounts payable	14,490	14,664
Accrued expenses and other current liabilities	16,487	13,026
Current portion of deferred revenue	46,525	51,582
Current portion of operating lease liability	8,394	8,136
Total current liabilities	85,896	87,408
Deferred revenue, net of current portion	11,681	4,232
Operating lease liability, net of current portion	11,378	13,575
Total long-term liabilities	23,059	17,807
Total liabilities	108,955	105,215
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
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	1,191,029
Additional paid-in capital	174,075	167,603
Accumulated other comprehensive loss	-190	-161
Accumulated deficit	-1,273,057	-1,219,205
Total shareholders' equity	124,549	139,266
Total liabilities, series a preferred shares, and shareholders' equity	241,378	252,355

Unit: Thousand (K) dollars