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Tonix Pharmaceuticals Holding vs Wave Life Sciences: TNXP and WVE compared
Tonix Pharmaceuticals Holding is the larger company: $13.5M of revenue in its latest quarter (Q2 2026) against $13.2M for Wave Life Sciences (Q3 2026). Tonix Pharmaceuticals Holding is growing faster (+578% against +73% a year earlier). Tonix Pharmaceuticals Holding is more profitable, with an operating margin of -314.1% against -502.0%.
Where the money goes: TNXP and WVE
Tonix Pharmaceuticals Holding (TNXP) · Q2 2026
Tonix Pharmaceuticals Holding, Q2 2026: revenue $13.5M (+578% year over year), operating margin -314.1%, net loss $40.6M, operating cash flow −$42.2M. The chart follows the revenue to costs, profit and cash.
Wave Life Sciences (WVE) · Q3 2026
Wave Life Sciences, Q3 2026: revenue $13.2M (+73% year over year), operating margin -502.0%, net loss $61.9M, operating cash flow −$60.1M. The chart follows the revenue to costs, profit and cash.
| Tonix Pharmaceuticals Holding (TNXP) | Wave Life Sciences (WVE) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $13.5M | $13.2M |
| Revenue growth, Y/Y | +578% | +73% |
| Operating margin | -314.1% | -502.0% |
| Net earnings | −$40.6M | −$61.9M |
| Net margin | -299.4% | -470.5% |
| Operating cash flow | −$42.2M | −$60.1M |
Where the revenue comes from
Tonix Pharmaceuticals Holding
- Tonmya: $11.0M (81%)
- Zembrace Symtouch: $2.0M (15%)
- Tosymra: $594K (4%)
Questions
Which is bigger, Tonix Pharmaceuticals Holding or Wave Life Sciences?
Tonix Pharmaceuticals Holding is the larger company: $13.5M of revenue in its latest quarter (Q2 2026) against $13.2M for Wave Life Sciences (Q3 2026).
Is Tonix Pharmaceuticals Holding or Wave Life Sciences growing faster?
Tonix Pharmaceuticals Holding is growing faster (+578% against +73% a year earlier).
Which is more profitable, Tonix Pharmaceuticals Holding or Wave Life Sciences?
Tonix Pharmaceuticals Holding is more profitable, with an operating margin of -314.1% against -502.0%.
More: Tonix Pharmaceuticals Holding earnings · how Tonix Pharmaceuticals Holding makes money · Wave Life Sciences earnings · how Wave Life Sciences makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Oct 27, 2026). Fiscal quarters can end on different dates. Not investment advice.