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Eco Wave Power Global Ab (Publ) Financials

WAVE
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Eco Wave Power Global Ab (Publ) (WAVE) financial statements, including the 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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 35 / 100
Financial Profile 35/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth
0

Eco Wave Power Global Ab (Publ)'s revenue declined 77.4% year-over-year, from $168K to $38K. This contraction results in a growth score of 0/100.

Leverage
92

Eco Wave Power Global Ab (Publ) carries a low D/E ratio of 0.48, meaning only $0.48 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
47

Eco Wave Power Global Ab (Publ)'s current ratio of 2.49 indicates adequate short-term liquidity, earning a score of 47/100. The company can meet its near-term obligations, though with limited headroom.

Returns
0

Eco Wave Power Global Ab (Publ) generates a -67.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -25.4% the prior year.

Piotroski F-Score Weak
2/9

Eco Wave Power Global Ab (Publ) passes 2 of 9 financial strength tests. No profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Key Financial Metrics

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Earnings & Revenue

Revenue
$38K
YoY-77.4%

Eco Wave Power Global Ab (Publ) generated $38K in revenue in fiscal year 2025. This represents a decrease of 77.4% from the prior year.

EBITDA
N/A
Net Income
-$3.7M
YoY-76.7%

Eco Wave Power Global Ab (Publ) reported -$3.7M in net income in fiscal year 2025. This represents a decrease of 76.7% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$6.0M
YoY-23.2%
5Y CAGR-10.9%

Eco Wave Power Global Ab (Publ) held $6.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
47M
YoY-0.0%

Eco Wave Power Global Ab (Publ) had 47M shares outstanding in fiscal year 2025. This represents a decrease of 0.0% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
-9800.0%
YoY-8545.2pp

Eco Wave Power Global Ab (Publ)'s net profit margin was -9800.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8545.2 percentage points from the prior year.

Return on Equity
-67.9%
YoY-42.5pp
5Y CAGR-49.6pp

Eco Wave Power Global Ab (Publ)'s ROE was -67.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 42.5 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$525K
YoY+1490.9%
5Y CAGR+24.3%

Eco Wave Power Global Ab (Publ) invested $525K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1490.9% from the prior year.

WAVE Income Statement

Metric Q4'25 Q2'25 Q4'24 Q2'24 Q4'23 Q2'23 Q4'22 Q2'22
Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense N/A -$564K N/A $199K N/A $352K N/A $508K
Income Tax N/A N/A N/A N/A N/A N/A N/A $13K
Net Income N/A -$1.4M N/A -$491K N/A -$336K N/A -$708K
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

WAVE Balance Sheet

Metric Q4'25 Q2'25 Q4'24 Q2'24 Q4'23 Q2'23 Q4'22 Q2'22
Total Assets $8.1M-13.2% $9.4M-12.3% $10.7M+22.5% $8.7M-12.8% $10.0M-6.9% $10.8M-9.8% $11.9M-13.8% $13.8M
Current Assets $6.5M-19.0% $8.1M-14.6% $9.4M+24.3% $7.6M-13.2% $8.8M-7.1% $9.4M-10.4% $10.5M-16.3% $12.6M
Cash & Equivalents $6.0M-6.8% $6.5M-17.7% $7.8M+5.7% $7.4M+73.3% $4.3M+5.7% $4.1M-23.5% $5.3M-57.0% $12.3M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $254K+103.2% $125K+34.4% $93K-9.7% $103K-4.6% $108K+13.7% $95K-41.0% $161K-4.7% $169K
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $2.6M+7.6% $2.5M+3.4% $2.4M+6.2% $2.2M+1.5% $2.2M-0.3% $2.2M+8.4% $2.0M-5.0% $2.2M
Current Liabilities $2.6M+9.9% $2.4M+6.7% $2.2M+1.9% $2.2M+3.1% $2.1M+1.1% $2.1M+13.3% $1.9M-9.8% $2.1M
Long-Term Debt N/A $48K-50.0% $96K N/A N/A $39K-55.7% $88K N/A
Total Equity $5.5M-20.6% $6.9M-16.8% $8.3M+28.1% $6.5M-16.9% $7.8M-8.6% $8.5M-13.5% $9.9M-15.4% $11.7M
Retained Earnings -$18.8M-10.7% -$16.9M-12.5% -$15.1M-7.7% -$14.0M-7.7% -$13.0M-7.0% -$12.1M-7.6% -$11.3M-15.0% -$9.8M

WAVE Cash Flow Statement

Metric Q4'25 Q2'25 Q4'24 Q2'24 Q4'23 Q2'23 Q4'22 Q2'22
Operating Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

WAVE Financial Ratios

Metric Q4'25 Q2'25 Q4'24 Q2'24 Q4'23 Q2'23 Q4'22 Q2'22
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity N/A -20.1% N/A -7.6% N/A -3.9% N/A -6.1%
Return on Assets N/A -14.8% N/A -5.6% N/A -3.1% N/A -5.1%
Current Ratio 2.49-0.9 3.38-0.8 4.22+0.8 3.46-0.7 4.11-0.4 4.47-1.2 5.66-0.4 6.10
Debt-to-Equity 0.48+0.5 0.010.0 0.01-0.3 0.35+0.1 0.28+0.3 0.000.0 0.01-0.2 0.18
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

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.

Eco Wave Power Global Ab (Publ) (WAVE) revenue declined by 77.4% year-over-year, from $168K to $38K in fiscal year 2025.

No, Eco Wave Power Global Ab (Publ) (WAVE) reported a net income of -$3.7M in fiscal year 2025, with a net profit margin of -9800.0%.

Eco Wave Power Global Ab (Publ) (WAVE) had a net profit margin of -9800.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

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.

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.

Eco Wave Power Global Ab (Publ) (WAVE) invested $525K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Eco Wave Power Global Ab (Publ) (WAVE) had 47M shares outstanding as of fiscal year 2025.

Eco Wave Power Global Ab (Publ) (WAVE) had a current ratio of 2.49 as of fiscal year 2025, which is generally considered healthy.

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.

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.

Eco Wave Power Global Ab (Publ) (WAVE) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Eco Wave Power Global Ab (Publ) (WAVE) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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