Wave Life Sciences Ltd. (WVE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 28, 2026

Risk Assessment Details

Potential Dilution: 27.59% of current shares
Recent Dilution: 57.81% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
200M
Potential Supply
55M
Additional shares possible
Splits
None
Past 2 years

Summary

WVE currently has 200M outstanding shares. with moderate dilution risk from 55.2M authorized shares representing 27.6% potential dilution. The company has significantly diluted shareholders by 57.81% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 28, 2026

10-Q filing | 200.2M shares outstanding

200M 55M
Nov 10, 2025

10-Q filing | 167.7M shares outstanding

170M 55M
Jul 30, 2025

10-Q filing | 164.0M shares outstanding

160M 55M
May 08, 2025

10-Q filing | 162.5M shares outstanding

160M 55M
Mar 04, 2025

10-K filing | 138.3M shares outstanding

140M 55M
Nov 12, 2024

10-Q filing | 152.5M shares outstanding

150M 55M
Aug 08, 2024

10-Q filing | 129.5M shares outstanding

130M 55M
May 10, 2024

10-Q filing | 129.3M shares outstanding

130M 55M
Mar 06, 2024

10-K filing | 122.3M shares outstanding

120M 55M
Nov 09, 2023

10-Q filing | 106.0M shares outstanding

110M 55M
Aug 03, 2023

10-Q filing | 105.5M shares outstanding

110M 55M
May 03, 2023

10-Q filing | 102.1M shares outstanding

100M 55M
Mar 23, 2023

10-K filing | 98.1M shares outstanding

98M 55M
Nov 10, 2022

10-Q filing | 93.9M shares outstanding

94M 55M
Aug 11, 2022

10-Q filing | 86.8M shares outstanding

87M 55M
May 12, 2022

10-Q filing | 61.2M shares outstanding

61M 55M
Mar 03, 2022

S-3 filing: The company is filing an S-3 to register the offering of up to $500,000,000 of any combination of ordinary shares and debt securities. They may also offer ordinary shares upon conversion of or exchange for the debt securities; or ordinary shares or debt securities upon the exercise of warrants or rights.

60M 55M
Mar 03, 2022

10-K filing | 60.8M shares outstanding

61M 55M
Nov 10, 2021

10-Q filing | 58.8M shares outstanding

59M 0
Aug 05, 2021

10-Q filing | 50.8M shares outstanding

51M 0
May 13, 2021

10-Q filing | 49.9M shares outstanding

50M 0
Mar 04, 2021

10-K filing | 49.0M shares outstanding

49M 0
Nov 09, 2020

10-Q filing | 48.8M shares outstanding

49M 0
Aug 10, 2020

10-Q filing | 36.5M shares outstanding

36M 0
May 11, 2020

10-Q filing | 34.9M shares outstanding

35M 0
Mar 02, 2020

10-K filing | 34.5M shares outstanding

35M 0
Mar 02, 2020

POS AM filing: The filing is a POS AM filing for a shelf offering of ordinary shares and debt securities, allowing the company to issue up to $500,000,000 in any combination. It also includes an at-the-market offering of ordinary shares up to $250,000,000 through Jefferies LLC.

34M 0
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