The Wave competed in the National Women's Soccer League (NWSL), the top tier of women's soccer in the United States.

The Wave finished the season with the best record, earning the NWSL Shield and a first-round bye to the playoff semi-finals where they were eliminated from the postseason.

Draft picks are not automatically signed to the team roster.

[3] Trialists are non-rostered invitees during preseason and are not automatically signed.

The Wave released their preseason roster on February 6, 2023.