Eco Wave Power Global AB (publ) (WAVE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WAVE SEC filings page.
Eco Wave Power Global AB (publ) (WAVE) reported $38K in revenue for fiscal year 2025, down 77.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Low revenue supports a much smaller operating scale than the company's asset base, while recurring losses steadily reduce equity.
In FY2025, total assets were$8.1M against revenue of only$38K , so balance-sheet efficiency matters more here than conventional margin analysis. The combination of ROA at-45.8% and debt-to-equity rising to 0.5x indicates that losses are consuming the capital base while leverage becomes more relevant.
Revenue reached
The liquidity cushion narrowed materially: the current ratio fell from 16.7x in FY2021 to 2.5x in FY2025, leaving less current-asset coverage for near-term obligations. Operating and free cash flow are not reported for FY2025, so the supplied figures cannot establish whether the latest accounting loss converted into a comparable cash outflow.
Financial Health Signals
Eco Wave Power Global AB (publ) does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Eco Wave Power Global AB (publ) passes 1 of 5 computable financial strength tests (4 of the nine could not be computed from available data). No profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Eco Wave Power Global AB (publ) held $6.0M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
WAVE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
WAVE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'256-K | Q4'2420-F | Q2'246-K | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.1M-23.8% | $9.4M+7.4% | $10.7M+6.7% | $8.7M-18.9% | $10.0M-16.0% | $10.8M-22.2% | $11.9M-28.4% | $13.8M |
| Current Assets | $6.5M-30.8% | $8.1M+6.2% | $9.4M+7.9% | $7.6M-19.4% | $8.8M-16.8% | $9.4M-25.0% | $10.5M-30.2% | $12.6M |
| Cash & Equivalents | $6.0M-23.2% | $6.5M-13.0% | $7.8M+83.3% | $7.4M+83.2% | $4.3M-19.2% | $4.1M-67.1% | $5.3M-63.8% | $12.3M+36.2% |
| Accounts Receivable | $254K+173.1% | $125K+21.4% | $93K-13.9% | $103K+8.4% | $108K-32.9% | $95K-43.8% | $161K-58.6% | $169K |
| Total Liabilities | $2.6M+11.2% | $2.5M+9.8% | $2.4M+7.9% | $2.2M+1.3% | $2.2M+8.1% | $2.2M+2.9% | $2.0M+6.7% | $2.2M |
| Current Liabilities | $2.6M+17.2% | $2.4M+8.7% | $2.2M+5.1% | $2.2M+4.3% | $2.1M+14.6% | $2.1M+2.2% | $1.9M+105.9% | $2.1M |
| Non-Current Liabilities | $24K-83.2% | $73K+62.2% | $143K+83.3% | $45K-58.3% | $78K-57.6% | $108K+20.0% | $184K-81.8% | $90K |
| Long-Term Debt | N/A | $48K | $96K | N/A | N/A | $39K | $88K-90.0% | N/A |
| Total Equity | $5.5M-33.9% | $6.9M+6.6% | $8.3M+6.4% | $6.5M-24.1% | $7.8M-21.0% | $8.5M-26.8% | $9.9M-33.0% | $11.7M+28.1% |
| Retained Earnings | -$18.8M-24.5% | -$16.9M-21.1% | -$15.1M-16.0% | -$14.0M-15.3% | -$13.0M-15.2% | -$12.1M-23.7% | -$11.3M-34.6% | -$9.8M |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill.
WAVE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
WAVE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'256-K | Q4'2420-F | Q2'246-K | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | N/A | -20.1%-12.5pp | N/A | -7.6%-3.6pp | N/A | -3.9%+2.1pp | N/A | -6.1%+2.3pp |
| Return on Assets | N/A | -14.8%-9.2pp | N/A | -5.6%-2.5pp | N/A | -3.1%+2.0pp | N/A | -5.1% |
| Current Ratio | 2.49-1.7x | 3.38-0.1x | 4.22+0.1x | 3.46-1.0x | 4.11-1.5x | 4.47-1.6x | 5.66-11.0x | 6.10 |
| Debt-to-Equity | 0.48+0.5x | 0.01-0.3x | 0.01-0.3x | 0.35+0.3x | 0.28+0.3x | 0.00-0.2x | 0.01-0.1x | 0.18 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Eco Wave Power Global AB (publ) WAVE | FY2025 | $38K | -$3.7M | N/A | $36.8M | — |
| Verde Clean Fuels, Inc. VGAS | FY2025 | N/A | -$7.0M | N/A | $23.8M | — |
| NextNRG, Inc. NXXT | FY2025 | $81.8M | -$85.7M | N/A | $11.1M | 35/100 |
| Ellomay Capital LTD ELLO | FY2025 | $50.3M | -$7.5M | -14.9% | $300.5M | 31/100 |
| Energy Vault Holdings, Inc. NRGV | FY2025 | $203.7M | -$103.6M | -50.9% | $705.5M | 25/100 |
Where Eco Wave Power Global AB (publ) Ranks
Frequently Asked Questions
What is Eco Wave Power Global AB (publ)'s annual revenue?
Eco Wave Power Global AB (publ) (WAVE) reported $38K in total revenue for fiscal year 2025. This represents a -77.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Eco Wave Power Global AB (publ)'s revenue growing?
Eco Wave Power Global AB (publ) (WAVE) revenue declined by 77.4% year-over-year, from $168K to $38K in fiscal year 2025.
Is Eco Wave Power Global AB (publ) profitable?
No, Eco Wave Power Global AB (publ) (WAVE) reported a net income of -$3.7M in fiscal year 2025.
What is Eco Wave Power Global AB (publ)'s return on equity (ROE)?
Eco Wave Power Global AB (publ) (WAVE) has a return on equity of -67.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What are Eco Wave Power Global AB (publ)'s total assets?
Eco Wave Power Global AB (publ) (WAVE) had $8.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Eco Wave Power Global AB (publ)'s capital expenditures?
Eco Wave Power Global AB (publ) (WAVE) invested $525K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Eco Wave Power Global AB (publ)'s current ratio?
Eco Wave Power Global AB (publ) (WAVE) had a current ratio of 2.49 as of fiscal year 2025, which is generally considered healthy.
What is Eco Wave Power Global AB (publ)'s debt-to-equity ratio?
Eco Wave Power Global AB (publ) (WAVE) had a debt-to-equity ratio of 0.48 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Eco Wave Power Global AB (publ)'s return on assets (ROA)?
Eco Wave Power Global AB (publ) (WAVE) had a return on assets of -45.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Eco Wave Power Global AB (publ)'s P/E ratio?
Eco Wave Power Global AB (publ) (WAVE) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $36.8M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Eco Wave Power Global AB (publ)'s price-to-sales ratio?
Eco Wave Power Global AB (publ) (WAVE) trades at 969x sales, its market capitalization divided by revenue of $38K revenue, FY2025. The market capitalization is $36.8M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Eco Wave Power Global AB (publ)'s Piotroski F-Score?
Eco Wave Power Global AB (publ) (WAVE) has a Piotroski F-Score of 1 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.