Saturday 17 October 2026 Export WAVE’s income statement to Excel — free account

Eco Wave Power Global AB (publ) Unsponsored ADR

Eco Wave Power Global AB (publ) Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $38,000.00, down 77.4% from fiscal 2024. In the quarter to June 2026, EPS grew 33.3%, free cash flow fell 70.1% and total debt was flat, each against the same quarter a year earlier.

5.20 0.16 −2.99%

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Market cap: $33.4M
P/E: 0.0×
Fwd P/E: −10.8×
Dividend yield: —
F-score: 2/9
Altman Z: 3.81
Beneish M: 3.38
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 33.42

Revenue 0.33

Net Income (5.40)

Free Cash Flow (7.77)

Net Debt (7.18)

Current Ratio 3.49

Debt/Equity 0.16

P/E ratio 0.00

Fwd P/E (10.80)

P/S ratio 91.75

P/B ratio 3.98

Past 5Y EPS Growth —

This Y EPS Growth (24.60%)

Next Y EPS Growth 8.92%

Next Y revenue growth 417.45%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 29.06%

10-year low 10-year high

P/B against its own 10 years 54.59%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	8	9	6	8
Receivables	0	0	0	0
Inventory	—	—	—	—
Other	—	—	—	—
	9	9	7	9

	2023	2024	2025	Q'26
Payables	0	0	0	0
ST’ Debt	1	1	1	1
Other	—	—	—	—
	2	2	3	2

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	13.48%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	(12.66%)	(17.79%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	0
’24	—	—	—	—	0
’23	—	—	0	0	0
’22	0	—	—	0	0

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	(1)	—	—	—
’25	—	(1)	—	(3)	(3)
’24	—	(1)	—	(2)	(2)
’23	—	—	—	—	(3)
’22	(1)	0	—	—	(2)
’21	0	(1)	0	0	(3)
’20	0	(1)	(1)	(1)	(2)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	(1)	—	—	—
’25	—	(1)	—	(3)	(3)
’24	—	(1)	—	(2)	(2)
’23	—	0	—	0	(3)
’22	(1)	0	—	0	(2)
’21	0	(1)	0	0	(3)
’20	0	(1)	(1)	(1)	(2)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.12)	(0.16)	—	—	—
’25	(0.08)	(0.24)	(0.16)	(0.16)	(0.64)
’24	(0.08)	(0.09)	(0.10)	(0.10)	(0.40)
’23	(0.08)	(0.06)	(0.03)	(0.15)	(0.32)
’22	(0.16)	(0.11)	(0.08)	(0.16)	(0.56)
’21	(0.01)	(0.16)	(0.08)	(0.01)	(0.46)
’20	(0.01)	(0.06)	(0.10)	(0.02)	(0.45)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	4.24	2.53	1.01	1.01	4.41	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	30.00	7.80	3.99	17.63	12.38
People
People	Employees	—	—	—	—	15	14	15	14	12	11
	Revenue/emp, $m	—	—	—	—	0.00	0.00	0.00	0.02	0.01	0.00
Income, $m
Income, $m	Revenue	—	—	—	—	—	0	0	0	0	0
	Gross margin, %	—	0.00	0.00	0.00	0.00	12.90	15.38	80.72	75.00	57.89
	EBT	—	0	0	(2)	(2)	(2)	(3)	(2)	(2)	(4)
	EBT margin, %	—	0.00	0.00	0.00	0.00	(7,570.97)	(11,157.69)	(609.80)	(1,254.76)	(9,800.00)
	Net income	—	0	0	(2)	(2)	(2)	(3)	(2)	(2)	(4)
	Depreciation	—	0	0	0	0	0	0	0	0	0
Per share, $
Per share, $	Revenue	—	0.00	0.00	0.00	0.00	0.01	0.00	0.06	0.03	0.01
	Earnings	—	(0.02)	(0.02)	(0.51)	(0.45)	(0.46)	(0.56)	(0.32)	(0.40)	(0.64)
	Cash flow	—	(0.02)	(0.02)	(0.30)	(0.48)	(0.51)	(0.44)	(0.47)	(0.33)	(0.52)
	Capex	—	0.00	0.00	(0.04)	(0.04)	0.00	0.00	0.00	(0.01)	(0.08)
	Free cash flow	—	(0.02)	(0.02)	(0.34)	(0.52)	(0.51)	(0.44)	(0.47)	(0.33)	(0.60)
	Book value	—	(0.01)	(0.02)	2.88	2.45	2.96	1.78	1.41	1.49	0.94
	Shares, m	—	5	5	4	4	5	6	6	6	6
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	—	—	—	0.00	0.00	25.24	184.30	102.73
	P/B	—	—	—	—	—	1.62	1.69	1.07	7.37	6.22
	EV/Sales	—	—	—	—	—	0.00	0.00	3.15	159.98	87.47
	EV/FCF	—	—	—	—	—	(6.17)	(2.45)	(0.17)	(16.48)	(3.81)
Cash, $m
Cash, $m	Operating cash flow	—	0	0	(1)	(2)	(3)	(2)	(3)	(2)	(3)
	Capex	—	0	0	0	0	0	0	0	0	0
	Free cash flow	—	0	0	(1)	(2)	(3)	(2)	(3)	(2)	(3)
Balance, $m
Balance, $m	Working capital	—	0	0	11	10	14	9	7	7	4
	Total debt	—	0	0	1	1	1	1	1	1	1
	Net debt	—	0	0	(10)	(9)	(13)	(9)	(7)	(8)	(5)
	Shareholders’ equity	—	0	0	11	11	15	10	8	8	5
Returns, %
Returns, %	ROA	—	(7.05)	(116.84)	(29.03)	(14.91)	(16.00)	(20.31)	(15.60)	(20.08)	(39.29)
	ROIC	—	0.00	0.00	(135.44)	(80.69)	(150.73)	(334.97)	(321.56)	(646.57)	(467.18)
	ROE	—	16.23	123.48	(35.36)	(17.68)	(18.39)	(23.58)	(19.35)	(25.80)	(53.63)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Dec 2023

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SAFX XCF Global Capital, Inc.	$70.0M	— (loss-making)	—	−89.49% (below 0%: shrinking)	n/m	−89.55% (below 0%: shrinking)	39.98%	(833.13%)	Compare
VGAS Verde Clean Fuels, Inc.	$44.1M	— (loss-making)	—	—	n/m	+77.82% (above 0%: growing)	0.00%	0.00%	Compare
AGIG Abundia Global Impact Group, Inc.	$37.5M	— (loss-making)	— (loss-making)	+304.43% (above 0%: growing)	n/m	+214.38% (above 0%: growing)	30.76%	(172.29%)	Compare
STEM Stem, Inc.	$35.6M	— (loss-making)	— (loss-making)	−12.30% (below 0%: shrinking)	n/m	+96.12% (above 0%: growing)	41.26%	(22.79%)	Compare
WAVE Eco Wave Power Global AB (publ) Unsponsored ADR	$33.4M	— (loss-making)	— (loss-making)	+7,706.63% (above 0%: growing)	n/m	−70.08% (below 0%: shrinking)	85.66%	0.00%
BESS Bimergen Energy Corporation	$16.4M	— (loss-making)	—	+14,700.00% (above 0%: growing)	n/m	+247.73% (above 0%: growing)	60.90%	19.90%	Compare
HTOO Fusion Fuel Green PLC	$14.0M	— (loss-making)	— (loss-making)	—	n/m	+64.49% (above 0%: growing)	(26.76%)	0.00%	Compare
PBK PowerBank Corporation	$12.6M	— (loss-making)	—	−40.48% (below 0%: shrinking)	n/m	−372.99% (below 0%: shrinking)	33.16%	(109.55%)	Compare
NXXT NextNRG Inc.	$9.8M	— (loss-making)	— (loss-making)	+40.91% (above 0%: growing)	n/m	−328.47% (below 0%: shrinking)	7.05%	(15.96%)	Compare
Median of peers	$26.0M	—	—	+14.31%	—	+71.16%	31.96%	(19.37%)

All 24 Utilities Renewable stocks →

Eco Wave Power Global AB (publ) Unsponsored ADR (WAVE) key facts

Concern: Eco Wave Power Global AB (publ) Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $38,000.00, down 77.4% from fiscal 2024.
Eco Wave Power Global AB (publ) Unsponsored ADR (WAVE) is an Utilities Renewable company in the Utilities sector, traded in the US as an ADR.
As of October 16, 2026, WAVE traded at $5.20, a market capitalization of $33.4 million.
Return on equity was −53.6% and debt-to-equity 0.16.
Its Piotroski F-score is 2 out of 9 and its Altman Z-score is 3.81 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.