WAVE revenueFY2025$38.0K
- FY YoY
- -77.4%
WAVE revenue was $38.0K for fiscal 2025 (ended Dec 31, 2025), down 77.4% from fiscal 2024. It rose in 1 of the last 4 fiscal years.
Eco Wave Power Global AB (WAVE) financials
For fiscal 2025 (ended Dec 31, 2025), Eco Wave Power Global AB reported $38.0K of revenue and -$3.70M of net income.
- Revenue, FY2025
- $38.0K
- Revenue growth, YoY
- -77.4%
- Net income, FY2025
- -$3.70M
- Net margin
- -9728.9%
- EPS, diluted, FY2025
- -$0.08
- Cash
- $6.02M
- Total debt
- $24.0K
- P/S
- 722.49
- Market cap
- $27.5M
FY2021FY2025
FY2019FY2025
FY2019FY2022
WAVE revenue and earnings growth
WAVE net incomeFY2025-$3.70M
WAVE net income was -$3.70M for fiscal 2025 (ended Dec 31, 2025), compared with -$2.08M in fiscal 2024.
WAVE EPSFY2025-$0.08
WAVE diluted EPS was -$0.08 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.04 in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $38.0K | $168.0K | $306.0K | $26.0K | $31.0K | - | - |
| Cost of revenue | $16.0K | $42.0K | $59.0K | $22.0K | $27.0K | - | - |
| Gross profit | $22.0K | $126.0K | $247.0K | $4.0K | $4.0K | - | - |
| Research and development | $733.0K | $536.0K | $519.0K | $898.0K | $670.0K | $366.0K | $184.0K |
| Selling, general and admin | $2.08M | $1.77M | $1.76M | $2.26M | $1.91M | $1.10M | $1.37M |
| Operating income | -$3.13M | -$2.34M | -$2.41M | -$3.61M | -$3.07M | -$1.82M | -$1.95M |
| Interest expense | $31.0K | $37.0K | $33.0K | $39.0K | $40.0K | $38.0K | $83.0K |
| Pre-tax income | -$3.72M | -$2.11M | -$1.87M | -$2.90M | -$2.35M | -$1.97M | -$2.03M |
| Income tax | - | - | - | $2.90M | $2.35M | $1.0K | - |
| Net income | -$3.70M | -$2.08M | -$1.71M | -$2.90M | -$2.35M | -$1.96M | -$2.00M |
| EPS, basic | -$0.08 | -$0.04 | -$0.07 | -$0.07 | -$0.06 | -$0.06 | -$0.06 |
| EPS, diluted | -$0.08 | -$0.04 | -$0.07 | -$0.07 | -$0.06 | -$0.06 | - |
| Diluted shares | 46.7M | 44.5M | 44.4M | 44.4M | 39.8M | 35.2M | - |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.02M | $7.84M | $4.28M | $5.29M | $14.62M | $10.73M | $11.70M |
| Receivables | $254.0K | $93.0K | $108.0K | $161.0K | $389.0K | $217.0K | - |
| Current assets | $6.54M | $9.45M | $8.76M | $10.52M | $15.08M | $11.02M | - |
| Total assets | $8.14M | $10.68M | $10.01M | $11.92M | $16.65M | $12.70M | - |
| Current liabilities | $2.63M | $2.24M | $2.13M | $1.86M | $903.0K | $585.0K | - |
| Long-term debt | $24.0K | $47.0K | - | - | $882.0K | $1.06M | - |
| Total debt | $24.0K | $47.0K | - | - | $882.0K | $1.06M | - |
| Total liabilities | $2.65M | $2.38M | $2.21M | $2.04M | $1.91M | $1.90M | - |
| Shareholders' equity | $5.49M | $8.30M | $7.80M | $9.87M | $14.73M | $10.79M | $11.37M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | - | - | - | -$2.46M | -$2.53M | -$2.11M | -$1.19M |
| Capital expenditures | $525.0K | $33.0K | $6.0K | $3.0K | $13.0K | $177.0K | $154.0K |
| Free cash flow | - | - | - | -$2.46M | -$2.54M | -$2.28M | -$1.34M |
| Investing cash flow | $915.0K | $2.93M | $1.22M | -$5.30M | -$130.0K | -$129.0K | -$236.0K |
| Financing cash flow | -$186.0K | $2.58M | -$81.0K | -$320.0K | $7.86M | -$96.0K | $12.88M |
| Share repurchases | - | $50.0K | - | - | - | - | - |
| Stock-based compensation | $37.0K | - | - | - | - | - | - |
| Depreciation and amortization | $254.0K | $134.0K | $170.0K | $209.0K | $248.0K | $123.0K | $38.0K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -77.4% | -45.1% | 1076.9% | -16.1% | - | - | - |
| Gross margin | 57.9% | 75.0% | 80.7% | 15.4% | 12.9% | - | - |
| Operating margin | -8242.1% | -1391.7% | -788.6% | -13873.1% | -9903.2% | - | - |
| Net margin | -9728.9% | -1236.3% | -558.8% | -11157.7% | -7571.0% | - | - |
| Free cash flow margin | - | - | - | -9480.8% | -8203.2% | - | - |
| Return on equity | -67.4% | -25.0% | -21.9% | -29.4% | -15.9% | -18.1% | -17.5% |
| Return on assets | -45.4% | -19.4% | -17.1% | -24.3% | -14.1% | -15.4% | - |
| Current ratio | 2.49 | 4.22 | 4.11 | 5.66 | 16.70 | 18.84 | - |
| Debt to equity | 0.00 | 0.01 | - | - | 0.06 | 0.10 | - |
Source: XBRL data Eco Wave Power Global AB files with the SEC, latest filing dated Mar 12, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
WAVE peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| WAVE | $38.0K | -77.4% | -$3.70M | -9728.9% | $27.5M |
| NEE | $27.87B | +10.3% | $8.18B | 29.4% | $182.35B |
| SO | $30.17B | +7.9% | $4.34B | 14.4% | $106.22B |
| CEG | $31.27B | +26.0% | $3.48B | 11.1% | $88.56B |
| AEP | $22.43B | +9.3% | $3.72B | 16.6% | $68.90B |
| D | $17.52B | +17.5% | $2.95B | 16.9% | $60.33B |
| ETR | $13.29B | +11.4% | $1.79B | 13.4% | $52.82B |
| VST | $19.60B | +4.1% | $2.22B | 11.3% | $41.89B |
| FTS | C$12.17B | +5.8% | C$1.71B | 14.1% | $31.00B |
WAVE FAQ
8 questionsWhat is WAVE revenue?
Eco Wave Power Global AB (WAVE) reported $38.0K of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 77.4% from the year before.Is WAVE profitable?
No. Eco Wave Power Global AB reported a net loss of $3.70M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does WAVE have?
Eco Wave Power Global AB reported $6.02M in cash and cash equivalents and $24.0K of debt on its most recent balance sheet in SEC filings.How fast is WAVE revenue growing?
Eco Wave Power Global AB's revenue changed -77.4% in fiscal 2025, to $38.0K.What is WAVE gross margin?
Eco Wave Power Global AB's gross profit was $22.0K on $38.0K of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 57.9%.What is WAVE earnings per share?
Diluted earnings per share were -$0.08 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did WAVE last report financial results?
The latest statements here come from Eco Wave Power Global AB's 20-F filed on Mar 12, 2026, covering the period ended Dec 31, 2025.Where does this WAVE financial data come from?
Quantisnow builds these statements from the structured XBRL data Eco Wave Power Global AB files with the SEC. It is provided for information only and is not investment advice.