WVE: the cash flow

MyFinsight

For the year ending 2025-12-31, WVE had $300,036K increase in cash & cash equivalents over the period. -$188,211K in free cash flow.

Cash Flow	2025-12-31
Net loss	-204,378
Amortization of right-of-use assets	5,412
Depreciation of property and equipment	3,440
Share-based compensation expense	24,973
Accounts receivable	-146
Prepaid expenses	-1,149
Other assets	-4,314
Accounts payable	-561
Accrued expenses and other current liabilities	5,483
Deferred revenue	-19,833
Operating lease liabilities	-7,638
Other non-current liabilities	0
Net cash used in operating activities	-187,493
Purchases of property and equipment	718
Net cash used in investing activities	-718
Proceeds from issuance of ordinary shares-December Two Thousand Twenty Five Offering	330,912
Proceeds from issuance pre-funded warrants, net of offering costs-December Two Thousand Twenty Five Offering	46,938
Proceeds from issuance of ordinary shares pursuant to the at-the-market equity program, net	94,636
Proceeds from the exercise of share options	14,868
Proceeds from the espp	881
Net cash provided by financing activities	488,235
Effect of foreign exchange rates on cash	12
Net increase in cash, cash equivalents and restricted cash	300,036
Cash, cash equivalents and restricted cash, beginning of period	305,838
Cash, cash equivalents and restricted cash, end of period	605,874

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