Eco Wave Power Global AB (publ)(WAVE)Earnings, Financials & Key Ratios
WAVE•NASDAQ•Utilities
$8.13
$47M mkt cap·Price updated May 6, 2026
AboutEco Wave Power Global AB (publ), a wave energy company, develops a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. The company also holds various agreements, including power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts, as well as letters of intent. It operates in the United States, Taiwan, Sweden, Israel, Portugal, Mexico, and internationally. The company was formerly known as EWPG Holding AB (publ) and changed its name to Eco Wave Power Global AB (publ) in June 2021. Eco Wave Power Global AB (publ) was founded in 2011 and is headquartered in Tel Aviv-Yafo, Israel.Show more
- Revenue$168K-45.1%
- EBITDA-$2M+1.7%
- Net Income-$2M-21.5%
- Free Cash Flow$1M+180.5%
- EBITDA Margin-1311.9%-79.0%
- Net Margin-1236.31%-121.2%
- ROE-25.8%-33.3%
- Interest Coverage-38.41+28.4%
- Debt/Equity0.16+5.1%
- CapEx / Revenue1741.67%+335.8%
- CapEx Coverage-0.62+70.8%
WAVE Key Insights
Eco Wave Power Global AB (publ) (WAVE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
WAVE Price & Volume
Eco Wave Power Global AB (publ) (WAVE) stock price & volume — 10-year historical chart
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WAVE Growth Metrics
Eco Wave Power Global AB (publ) (WAVE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years75.65%
TTM-45.1%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-59.89%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-56.27%
Return on Capital
10 Years-32.27%
5 Years-21.85%
3 Years-27.84%
Last Year-28.65%
WAVE Peer Comparison
Eco Wave Power Global AB (publ) (WAVE) competitors in Renewable Developers and IPPs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CWCO | 527.15M | 33.06 | -1.41% | 13.88% | 0% | 0.00 | ||
 MARA | 4.95B | 13.03 | -3.53 | 38.2% | -30.54% | 1.05 | ||
 AMRC | 1.67B | 31.55 | 38.01 | 9.16% | 1.59% | 2.86% | 1.73 | |
 GPRE | 1.19B | 16.97 | -9.43 | -14.93% | -5.8% | -15.71% | 0.66 | |
 PESI | 218.49M | 11.78 | -15.71 | 4.33% | -22.35% | -24.89% | 0.09 | |
 BWEN | 45.94M | 1.98 | 8.61 | 10.42% | 3.32% | 8.34% | 0.43 | |
 HYAC | 317.64M | 10.75 | 28.29 | 4.82% | 0.00 | |||
 NEE | 198.92B | 95.39 | 28.99 | 11% | 29.3% | 12.66% | 1.44 |
Compare WAVE vs Peers
Eco Wave Power Global AB (publ) (WAVE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WAVE Income Statement
Eco Wave Power Global AB (publ) (WAVE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21.71K | 13.56K | 0 | 0 | 31K | 26K | 306K | 168K | 168K |
| Revenue Growth % | - | -37.55% | -100% | - | - | -16.13% | 1076.92% | -45.1% | -45.1% |
| Cost of Revenue | 419.54K | 319.3K | 38.69K | 0 | 27K | 22K | 59K | 42K | 42K |
| Gross Profit | -397.83K▲ 0% | -305.75K▲ 23.1% | -38.69K▲ 87.3% | 0▲ 100.0% | 4K▲ 0% | 4K▲ 0.0% | 247K▲ 6075.0% | 126K▼ 49.0% | 126K▲ 0% |
| Gross Margin % | -1832.3% | -2254.92% | - | - | 12.9% | 15.38% | 80.72% | 75% | 75% |
| Gross Profit Growth % | - | 23.15% | 87.35% | 100% | - | 0% | 6075% | -48.99% | - |
| Operating Expenses | 648.51K | 633.53K | 2.08M | 457.48K | 3.07M | 3.61M | 2.66M | 2.46M | 2.7M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| EBITDA | -942.27K | -829.88K | -2.08M | -423.26K | -2.82M | -3.4M | -2.24M | -2.2M | -2.16M |
| EBITDA Margin % | -4339.87% | -6120.49% | - | - | -9103.23% | -13069.23% | -733.01% | -1311.9% | -1284.24% |
| EBITDA Growth % | - | 11.93% | -150.95% | 79.68% | -566.73% | -20.41% | 33.99% | 1.74% | -1.21% |
| Depreciation & Amortization | 20.96K | 22.96K | 38.69K | 0 | 248K | 209K | 170K | 134K | 9.75K |
| D&A / Revenue % | 96.52% | 169.33% | - | - | 800% | 803.85% | 55.56% | 79.76% | 5.8% |
| Operating Income (EBIT) | -963.23K▲ 0% | -852.84K▲ 11.5% | -2.12M▼ 148.7% | -457.48K▲ 78.4% | -3.07M▼ 571.1% | -3.61M▼ 17.5% | -2.41M▲ 33.1% | -2.34M▲ 3.1% | -2.57M▲ 0% |
| Operating Margin % | -4436.39% | -6289.82% | - | - | -9903.23% | -13873.08% | -788.56% | -1391.67% | -1532% |
| Operating Income Growth % | - | 11.46% | -148.73% | 78.43% | -571.07% | -17.49% | 33.1% | 3.11% | - |
| Interest Expense | 60.21K | 861 | 85.09K | 1.09K | 53K | 48K | 45K | 60.88K | 654K |
| Interest Coverage | -16.00x | -990.11x | -24.93x | -421.10x | -57.92x | -75.15x | -53.62x | -38.41x | - |
| Interest / Revenue % | 277.32% | 6.35% | - | - | 170.97% | 184.62% | 14.71% | 36.24% | 389.29% |
| Non-Operating Income | -102.5K | 24.59K | 93.33K | 33.13K | 723K | 706K | 547K | 230K | -411.65K |
| Pretax Income | -1.11M▲ 0% | -897.28K▲ 18.9% | -2.03M▼ 126.0% | -424.35K▲ 79.1% | -2.35M▼ 453.1% | -2.9M▼ 23.6% | -1.87M▲ 35.7% | -2.11M▼ 13.0% | -2.99M▲ 0% |
| Pretax Margin % | -5096.49% | -6617.63% | - | - | -7570.97% | -11157.69% | -609.8% | -1254.76% | -1777.03% |
| Income Tax | -143.32K | -44.45K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 12.95% | 4.95% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -963.23K▲ 0% | -852.84K▲ 11.5% | -1.99M▼ 133.7% | -424.35K▲ 78.7% | -2.35M▼ 453.1% | -2.9M▼ 23.6% | -1.71M▲ 41.1% | -2.08M▼ 21.5% | -2.96M▲ 0% |
| Net Margin % | -4436.39% | -6289.82% | - | - | -7570.97% | -11157.69% | -558.82% | -1236.31% | -1759.75% |
| Net Income Growth % | - | 11.46% | -133.71% | 78.71% | -453.09% | -23.6% | 41.05% | -21.46% | -59.89% |
| EPS (Diluted) | -0.20▲ 0% | -0.17▲ 15.0% | -0.51▼ 200.0% | -0.10▲ 81.0% | -0.47▼ 385.5% | -0.52▼ 10.6% | -0.31▲ 40.4% | -0.37▼ 19.4% | -0.51▲ 0% |
| EPS Growth % | - | 15% | -200% | 81.02% | -385.54% | -10.64% | 40.38% | -19.35% | -56.27% |
| EPS (Basic) | -0.20 | -0.17 | -0.51 | -0.10 | -0.47 | -0.52 | -0.31 | -0.37 | - |
| Diluted Shares Outstanding | 4.92M | 4.92M | 3.95M | 4.4M | 4.98M | 5.55M | 5.55M | 5.55M | 5.84M |
WAVE Balance Sheet
Eco Wave Power Global AB (publ) (WAVE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.64M | 1.51M | 13.54M | 12.68M | 16.65M | 11.92M | 10.01M | 10.68M | 9.37M |
| Asset Growth % | - | -8.37% | 798.63% | -6.38% | 31.33% | -28.41% | -16.01% | 6.72% | 4.48% |
| PP&E (Net) | 1.11M | 1.09M | 1.54M | 1.68M | 1.3M | 888K | 726K | 756K | 789K |
| PP&E / Total Assets % | 67.37% | 72.65% | 11.36% | 13.23% | 7.79% | 7.45% | 7.25% | 7.08% | 8.42% |
| Total Current Assets | 536.51K | 412.09K | 12M | 11M | 15.08M | 10.52M | 8.76M | 9.45M | 8.07M |
| Cash & Equivalents | 396.27K | 257.38K | 11.67M | 10.72M | 14.62M | 5.29M | 4.28M | 7.84M | 6.46M |
| Receivables | -48.12K | -62.36K | 0 | 97.29K | 34K | 6K | 234K | 68K | 125K |
| Inventory | 30.91K | 28.69K | 0 | 0 | -3.48M | 60.01K | 0 | 3 | 0 |
| Other Current Assets | 109.25K | 127.83K | 270.82K | 88.12K | 3.58M | 5.99K | 63K | 220K | 203K |
| Long-Term Investments | 0 | 0 | 0 | 70.26K | 272K | 510K | 527K | 481K | 1.96M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 0 | -1 | -70.26K | -1K | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.73M | 1.63M | 2.2M | 1.9M | 1.91M | 2.04M | 2.21M | 2.38M | 2.46M |
| Total Debt | 1.66M | 1.53M | 1.42M | 1.41M | 1.36M | 1.24M | 1.2M | 1.34M | 1.39M |
| Net Debt | 1.26M | 1.27M | -10.25M | -9.3M | -13.26M | -4.06M | -3.08M | -6.5M | -5.07M |
| Long-Term Debt | 1.66M | 13.73M | 1.11M | 1.2M | 1.01M | 96K | 78K | 47K | 25K |
| Short-Term Borrowings | 10.16K | 0 | 23.02K | 0 | 220K | 973K | 1.04M | 1.1M | 1.16M |
| Capital Lease Obligations | 0 | 0 | 286.77K | 219K | 127K | 166K | 87K | 194K | 639K |
| Total Current Liabilities | 74.47K | 101.8K | 889.01K | 583.07K | 903K | 1.86M | 2.13M | 2.24M | 2.39M |
| Accounts Payable | 35.18K | 10.8K | 517.78K | 43K | 46K | 75K | 50K | 70K | 124K |
| Accrued Expenses | 0 | 0 | 224.69K | 343K | 428K | 505K | 718K | 418.98K | 418.98K |
| Deferred Revenue | -10.16K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 29.13K | 90.88K | 38K | 101.07K | 82K | 228K | 0 | 550.02K | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | -12.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Equity | -85.86K▲ 0% | -123.83K▼ 44.2% | 11.33M▲ 9253.6% | 10.78M▼ 4.9% | 14.73M▲ 36.7% | 9.87M▼ 33.0% | 7.8M▼ 21.0% | 8.3M▲ 6.4% | 6.91M▲ 0% |
| Equity Growth % | - | -44.21% | 9253.58% | -4.93% | 36.72% | -32.98% | -20.99% | 6.4% | -3.71% |
| Shareholders Equity | -611.83K | -756.79K | 11.33M | 10.78M | 14.73M | 9.87M | 7.95M | 8.46M | 7.09M |
| Minority Interest | 525.97K | 632.97K | 8.46K | 0 | 0 | 0 | -149K | -157.99K | -178K |
| Common Stock | 255 | 242 | 75.36K | 76K | 98K | 98K | 98K | 102K | 102K |
| Additional Paid-in Capital | 1.74M | 2.39M | 15.07M | 15.18M | 23.12M | 23.12M | 23.12M | 25.84M | 25.84M |
| Retained Earnings | -2.34M | -3.15M | -3.77M | -6.04M | -8.38M | -11.28M | -12.99M | -15.07M | -16.95M |
| Accumulated OCI | -3.6K | -7K | -47.63K | 1.58M | -103K | -2.06M | -2.27M | -2.37M | -1.83M |
| Return on Assets (ROA) | -58.58% | -54.13% | -26.49% | -3.24% | -16.01% | -20.31% | -15.6% | -20.08% | -30.68% |
| Return on Equity (ROE) | - | - | -35.56% | -3.84% | -18.4% | -23.58% | -19.35% | -25.8% | -40.89% |
| Debt / Equity | - | - | 0.13x | 0.13x | 0.09x | 0.13x | 0.15x | 0.16x | 0.16x |
| Debt / Assets | 100.81% | 101.37% | 10.52% | 11.14% | 8.16% | 10.36% | 12% | 12.57% | 14.8% |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | 2.35x |
| Book Value per Share | -0.02 | -0.03 | 2.87 | 2.45 | 2.96 | 1.78 | 1.41 | 1.5 | 1.18 |
WAVE Cash Flow Statement
Eco Wave Power Global AB (publ) (WAVE) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.13M | -910.84K | -1.4M | -2.36M | -2.53M | -2.46M | -2.6M | -1.82M | -1.82M |
| Operating CF Growth % | - | 19.26% | -53.5% | -68.82% | -7.19% | 2.69% | -5.65% | 30.14% | 0% |
| Operating CF / Revenue % | -5195.97% | -6717.63% | - | - | -8161.29% | -9469.23% | -850% | -1081.55% | -1081.55% |
| Net Income | -1.13M | -910.84K | -1.94M | -2.21M | -2.35M | -2.9M | -1.87M | -2.11M | -2.96M |
| Depreciation & Amortization | 0 | 0 | 22.25K | 138.61K | 248K | 209K | 170K | 134K | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -1.2K | 56.34K | 108 | 60.59K | -275K | 179K | -339.97K | -4K | 2.95M |
| Working Capital Changes | 1.2K | -56.34K | 514.99K | -349.14K | -156K | 51K | -565.03K | 161K | 0 |
| Capital Expenditures | 0 | 0 | -238.3K | -198.22K | -130K | -5.3M | 1.22M | 2.93M | 0 |
| CapEx / Revenue % | 0% | 0% | - | - | 419.35% | 20388.46% | 399.67% | 1741.67% | 0% |
| CapEx / D&A | - | - | 10.71x | 1.43x | 0.52x | 25.36x | 7.19x | 21.84x | - |
| CapEx Coverage (OCF/CapEx) | - | - | -5.87x | -11.91x | -19.46x | -0.46x | -2.13x | -0.62x | - |
| Cash from Investing | 0 | 0 | -238.3K | -145.07K | -130K | -5.3M | 1.22M | 2.93M | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | -117K | -298K | -50K | -32K | 0 |
| Purchase of Investments | 0 | 0 | -80.22K | 0 | 0 | -5M | -4M | -1.41M | 0 |
| Sale of Investments | 0 | 0 | 0 | 53.15K | 0 | 1000K | 1000K | 1000K | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | -55.28M | 269.87K | 395.93K | 0 |
| Cash from Financing | 1.27M | 842.65K | 13.04M | -108.01K | 7.86M | -320K | -81K | 2.58M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio % | - | - | - | - | - | - | - | - | - |
| Debt Issuance (Net) | -1000K | 27.48K | 1K | -96K | -96K | -317K | -75K | -98K | 0 |
| Stock Issued | 0 | 0 | 12.88M | 0 | 7.96M | 0 | 0 | 2.73M | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -49.9K | 0 |
| Other Financing | 1.41M | 0 | 166.67K | -12.01K | -7K | -3K | -6K | -3K | 0 |
| Net Change in Cash | 146.3K▲ 0% | -68.2K▼ 146.6% | 11.41M▲ 16836.9% | -2.58M▼ 122.6% | 3.89M▲ 250.9% | -9.33M▼ 339.9% | -1.01M▲ 89.1% | 3.56M▲ 451.5% | 0▲ 0% |
| Exchange Rate Effect | 0 | 0 | -5.56K | 37.79K | -1000K | -1000K | 445K | -122K | 0 |
| Cash at Beginning | 1 | 0 | 247.28K | 13.29M | 10.73M | 14.62M | 5.29M | 4.28M | 0 |
| Cash at End | 146.3K | -68.2K | 11.66M | 10.72M | 14.62M | 5.29M | 4.28M | 7.84M | 0 |
| Free Cash Flow | -1.13M▲ 0% | -910.84K▲ 19.3% | -1.64M▼ 79.7% | -2.56M▼ 56.4% | -2.66M▼ 4.0% | -7.76M▼ 191.8% | -1.38M▲ 82.2% | 1.11M▲ 180.5% | 0▲ 0% |
| FCF Growth % | - | 19.26% | -79.66% | -56.35% | -3.97% | -191.84% | 82.25% | 180.48% | - |
| FCF Margin % | -5195.97% | -6717.63% | - | - | -8580.65% | -29857.69% | -450.33% | 660.12% | 0% |
| FCF / Net Income % | 117.12% | 106.8% | 82.1% | 602.94% | 113.34% | 267.6% | 80.58% | -53.39% | 0% |
WAVE Key Ratios
Eco Wave Power Global AB (publ) (WAVE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -35.56% | -3.84% | -18.4% | -23.58% | -19.35% | -25.8% | -40.89% |
| EBITDA Margin | -6120.49% | - | - | -9103.23% | -13069.23% | -733.01% | -1311.9% | -1284.24% |
| Net Debt / EBITDA | - | - | - | - | - | - | - | 2.35x |
| Interest Coverage | -990.11x | -24.93x | -421.10x | -57.92x | -75.15x | -53.62x | -38.41x | - |
| CapEx / Revenue | 0% | - | - | 419.35% | 20388.46% | 399.67% | 1741.67% | 0% |
| Dividend Payout Ratio | - | - | - | - | - | - | - | 0% |
| Debt / Equity | - | 0.13x | 0.13x | 0.09x | 0.13x | 0.15x | 0.16x | 0.16x |
| EPS Growth | 15% | -200% | 81.02% | -385.54% | -10.64% | 40.38% | -19.35% | -56.27% |
WAVE Frequently Asked Questions
Eco Wave Power Global AB (publ) (WAVE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Eco Wave Power Global AB (publ) (WAVE) reported $0.2M in revenue for fiscal year 2024. This represents a 674% increase from $0.0M in 2017.
Eco Wave Power Global AB (publ) (WAVE) saw revenue decline by 45.1% over the past year.
Eco Wave Power Global AB (publ) (WAVE) reported a net loss of $3.0M for fiscal year 2024.
Dividend & Returns
Eco Wave Power Global AB (publ) (WAVE) has a return on equity (ROE) of -25.8%. Negative ROE indicates the company is unprofitable.
Eco Wave Power Global AB (publ) (WAVE) generated $1.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Industry Metrics
Eco Wave Power Global AB (publ) (WAVE) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.
Explore More WAVE
Eco Wave Power Global AB (publ) (WAVE) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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