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Stoqly stoqly.net Company report Β· October 27, 2026

Eco Wave Power Global AB (publ)

WAVE NasdaqΒ· Electric Services

Last close Β· Oct 26, 2026

$4.75

KIRA Β· Stoqly’s AI analyst, in plain words

  • Eco Wave Power Global AB (publ) had $0.0M of revenue in fiscal 2025, down 77.4% on the year before.
  • Its operating margin was βˆ’8,242.1%, down 6,850.4Β pts: of every 100 in sales, about βˆ’8,242 is left after running the business.
  • Eco Wave Power Global AB (publ) lost $3.7M in fiscal 2025.
  • Eco Wave Power Global AB (publ) has $5.9M more cash than debt.

Market cap

$27.7M

P/E

β€”

Revenue

$0.0M

Net income

βˆ’$3.7M

Free cash flow

β€”

Operating margin

βˆ’8,242.1%

Eco Wave Power Global AB (publ) in 30 seconds Β· fiscal 2025

Weak

Are sales growing?

βˆ’77.4%

No. Sales fell 77.4% last year.

Weak

Does it make a profit?

βˆ’9,728.9%

No. It lost money last year.

Weak

How healthy are the accounts?

0 / 7

Weak. It passes 0 of 7 health tests.

For information

How is the share priced?

β€”

No P/E: it made no profit over the last four quarters.

What Eco Wave Power Global AB (publ) does

No business description yet.

Fiscal year ends
December 31, 2025
Latest annual report
20-F Β· Mar 12, 2026
Legal name
Eco Wave Power Global AB (publ)
CIK
0001846715
stoqly.net Β· WAVE Β· Generated October 27, 2026 Not investment advice Β· Page 1 of 3
Stoqly stoqly.net Company report Β· October 27, 2026

Eco Wave Power Global AB (publ) Β· WAVE

Results and finances

The last 5 fiscal years. Amounts in USD.

Fiscal yearFY21FY22FY23FY24FY25
Sales and profit
Revenue $0.0M $0.0M $0.3M $0.2M $0.0M
Revenue growth β€” βˆ’16.1% 1,076.9% βˆ’45.1% βˆ’77.4%
Net interest income βˆ’$0.1M βˆ’$0.0M β€” β€” β€”
Gross margin 12.9% 15.4% 80.7% 75.0% 57.9%
Operating margin βˆ’9,903.2% βˆ’13,873.1% βˆ’788.6% βˆ’1,391.7% βˆ’8,242.1%
Net income βˆ’$2.3M βˆ’$2.9M βˆ’$1.7M βˆ’$2.1M βˆ’$3.7M
Net margin βˆ’7,571.0% βˆ’11,157.7% βˆ’558.8% βˆ’1,236.3% βˆ’9,728.9%
Diluted EPS βˆ’$0.48 βˆ’$0.56 βˆ’$0.56 βˆ’$0.32 βˆ’$0.64
Cash
Cash from operations βˆ’$2.5M βˆ’$2.5M β€” β€” β€”
Capital expenditure $0.0M $0.0M $0.0M $0.0M $0.5M
Free cash flow βˆ’$2.5M βˆ’$2.5M β€” β€” β€”
FCF margin βˆ’8,203.2% βˆ’9,480.8% β€” β€” β€”
Share buybacks β€” β€” β€” $0.1M β€”
Share count change 13.2% 11.5% 0.0% 0.2% 5.0%
Debt and strength
Cash and short-term investments $14.6M $5.3M $4.3M $7.8M $6.0M
Debt incl. finance leases $2.0M $1.0M $0.1M $0.1M $0.2M
Shareholders' equity $14.7M $9.9M $7.8M $8.3M $5.5M
Current ratio 16.7x 5.7x 4.1x 4.2x 2.5x
Interest coverage βˆ’76.8x βˆ’92.5x βˆ’73.1x βˆ’63.2x βˆ’101.0x
Returns and quality
Return on capital βˆ’115.7% βˆ’51.3% βˆ’53.2% βˆ’311.5% β€”
Return on equity βˆ’18.4% βˆ’23.6% βˆ’19.3% βˆ’25.8% βˆ’53.6%
Return on tangible equity βˆ’15.9% βˆ’29.4% βˆ’21.9% βˆ’25.0% βˆ’67.4%
Piotroski F-score 3 4 5 1 0
Altman Z'' 10.8 4.7 2.2 2.0 βˆ’4.8

Insiders bought, 12 months

$0.0M

0 insiders

Insiders sold, 12 months

$0.0M

0 insiders

Of sales under plans

β€”

$0.0M

How to read these numbers

Revenue:
Total sales reported in the income statement.
Operating margin:
Operating income as a share of revenue.
Net income:
Profit after all expenses, interest and tax.
Free cash flow:
Cash from operations minus capital spending.
Net debt / EBITDA:
Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
Return on capital:
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
stoqly.net Β· WAVE Β· Generated October 27, 2026 Not investment advice Β· Page 2 of 3
Stoqly stoqly.net Company report Β· October 27, 2026

Eco Wave Power Global AB (publ) Β· WAVE

Charts and comparison

Ten years at a glance, and how it stacks up against similar companies.

Revenue

Net income

Margins, % of revenue

Gross Operating Net

Cash vs debt (incl. leases)

Cash Debt

Free cash flow

Dividends and buybacks

Dividends Buybacks

KIRA

At $4.75 a share, the company is worth $27.7M.

Source: SEC EDGAR XBRL filings (CIK 0001846715). Data updated October 24, 2026. For information only β€” not investment advice. Check the original filings before relying on any figure.