Eco Wave Power Global AB (publ) financial statements
Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Eco Wave Power Global AB (publ) files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
0.03
0.03
0.31
0.17
0.04
Cost of revenue
0.03
0.02
0.06
0.04
0.02
Gross profit
0
0
0.25
0.13
0.02
Research and development
0.18
0.37
0.67
0.9
0.52
0.54
0.73
Operating income
-1.95
-1.82
-3.07
-3.61
-2.41
-2.34
-3.13
Interest expense
0.08
0.15
0.07
0.06
0.06
0.2
0.86
Interest income
0.79
0.77
0.6
0.43
0.27
Pre-tax income
-2.03
-1.97
-2.35
-2.9
-1.87
-2.11
-3.72
Income tax
0
2.35
2.9
Income from continuing operations
-2.03
-1.97
-2.35
-2.9
-1.87
-2.11
-3.72
Net income to minority interests
-0.03
-0.01
-0.16
-0.03
-0.03
Net income
-2
-1.96
-2.35
-2.9
-1.71
-2.08
-3.7
EPS, basic
-0.11
-0.11
-0.11
-0.12
-0.07
-0.04
-0.08
EPS, diluted
-0.11
-0.11
-0.11
-0.12
-0.07
-0.04
-0.08
Balance sheet
FY2019
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
11.7
10.7
14.6
5.3
4.28
7.85
6.02
Receivables
0.22
0.39
0.16
0.11
0.09
0.25
Total current assets
11
15.1
10.5
8.76
9.45
6.54
Property, plant and equipment
1.26
1.47
1.19
0.72
0.64
0.56
0.93
Lease right-of-use assets
0.17
0.09
0.2
0.14
Total assets
12.7
16.6
11.9
10
10.7
8.14
Accounts payable
0.04
0.05
0.08
0.05
0.07
0.13
Short-term debt
0.03
0.06
0.09
0.14
Total current liabilities
0.59
0.9
1.86
2.13
2.24
2.63
Lease liabilities
0.12
0.09
0.1
Total liabilities
1.9
1.91
2.04
2.21
2.38
2.65
Paid-in capital
15.2
23.1
23.1
23.1
25.8
25.9
Retained earnings
-6.04
-8.38
-11.3
-13
-15.1
-18.8
Minority interests
-0.15
-0.16
-0.19
Total equity
11.4
10.8
14.7
9.87
7.8
8.3
5.49
Total liabilities and equity
12.7
16.6
11.9
10
10.7
8.14
Cash flow statement
FY2019
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-2
-1.97
-2.35
-2.9
-1.87
-2.11
-3.72
Cash from operations
-1.19
-2.11
-2.53
-2.46
Capital expenditures
-0.15
-0.18
-0.01
-0
-0.01
-0.03
-0.53
Cash from investing
-0.24
-0.13
-0.13
-5.3
1.22
2.93
0.92
Debt repaid
-0.2
-0.05
-0.03
Stock issued
0.98
1.24
1.24
0.27
0.27
Share buybacks
-0.05
Cash from financing
12.9
-0.1
7.86
-0.32
-0.08
2.58
-0.19
Exchange rate effect
-0.01
1.36
-1.31
-1.24
0.45
-0.12
0.49
Net change in cash
-2.33
5.2
-8.08
-1.46
3.69
-2.31
Free cash flow
-1.34
-2.28
-2.54
-2.47
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $6.05 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
57.9%
Gross profit / revenue.
Operating margin
-8,242.0%
Operating income / revenue.
Pre-tax margin
-9,800.0%
Pre-tax income / revenue.
Net margin
-9,729.0%
Net income / revenue.
Return on assets (ROA)
-39.3%
Net income / average total assets.
R&D / revenue
1,929.0%
Research and development expense / revenue.
Capex / revenue
1,382.0%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-77.4%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
13.5%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-82.5%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
76.5%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-23.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-11.9%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-8.5%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.49x
Current assets / current liabilities.
Quick ratio
2.39x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
2.29x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
32.6%
Total liabilities / total assets.
Interest coverage
-3.63x
Operating income / interest expense.
Working capital
$3.9M
Current assets - current liabilities.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.00x
Revenue / average total assets.
Fixed asset turnover
0.05x
Revenue / average property, plant and equipment.
Receivables turnover
0.22x
Revenue / average receivables.
Days sales outstanding
1,667 days
365 x average receivables / revenue.
Days payables
2,281 days
365 x average accounts payable / cost of revenue.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.08
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.08
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$282.6M
Share price x shares outstanding.
Enterprise value
$276.6M
Market cap + total debt - cash - short-term investments.
P/S
7,438x
Market cap / revenue.
EV/Sales
7,279x
Enterprise value / revenue.
Earnings yield
-1.3%
Net income / market cap (the inverse of P/E).
What was Eco Wave Power Global AB (publ)'s revenue in fiscal 2025?
Eco Wave Power Global AB (publ) reported revenue of $38.0K for fiscal 2025, 77.4% lower than the year before.
Was Eco Wave Power Global AB (publ) profitable in fiscal 2025?
No. It reported a net loss of $3.7M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.