Eco Wave Power Global AB (publ) (WAVE) Cash Flow Statement
Where WAVE’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$2.8M
- Capital expenditures
- $527,818 1,381.6% of revenue
- Free cash flow
- −$3.3M −8,623.9% margin
- Returned to shareholders
- $27,144
- Change in cash
- −$1.8M cash at year-end $6.3M
Drawn to scale: where the cash came from and how it was used. Hover for values.
WAVE operating cash flow, capex and free cash flow
WAVE cash flow trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$1.8M2024 | −$2.8M2025 | — | |
| Capital expenditures | $33,0002024 | $527,8182025 | +1,499.4%/yr | |
| Free cash flow | −$1.9M2024 | −$3.3M2025 | — | |
| Free cash flow margin | −1,101.2%2024 | −8,623.9%2025 | −7,522.7 pts | |
| Dividends paid | $02024 | $02025 | — | |
| Share buybacks (net) | $49,8982024 | $27,1442025 | −45.6%/yr | |
| Capex / revenue | 19.6%2024 | 1,381.6%2025 | +1,362.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WAVE cash flow by activity
WAVE net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
WAVE cash flow statement
| 2025 | 2024 | |
|---|---|---|
| Operating activities | ||
| Net income | −$3.7M | −$2.1M |
| Depreciation & amortization | $255,363 | $134,000 |
| Change in working capital | $121,649 | $161,000 |
| Other non-cash items | $573,060 | −$4,000 |
| Cash from operating activities | −$2.8M | −$1.8M |
| Investing activities | ||
| Capital expenditures | −$527,818 | −$33,000 |
| Investments (net) | $1.2M | $2.9M |
| Acquisitions & other investing | $3,183 | $33,000 |
| Cash from investing activities | $630,365 | $2.9M |
| Financing activities | ||
| Dividends paid | $0 | $0 |
| Share repurchases & issuance (net) | −$27,144 | −$49,898 |
| Net borrowing (repayment) | −$144,000 | −$98,000 |
| Shares issued | $0 | $2.7M |
| Other financing | −$15,854 | −$3,102 |
| Cash from financing activities | −$186,998 | $2.6M |
| Summary | ||
| Net change in cash | −$1.8M | $3.6M |
| Cash at end of period | $6.3M | $7.8M |
| Free cash flow | −$3.3M | −$1.9M |
| Free cash flow margin | −8,623.9% | −1,101.2% |
| Capex / revenue | 1,381.6% | 19.6% |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
WAVE cash generation
In fiscal 2025 (ended December 31, 2025), Eco Wave Power Global AB generated -$2.8 million of cash from operations and spent $0.5 million on capital expenditures, leaving free cash flow of -$3.3 million, −8,623.9% of revenue. It returned $0.0 million to shareholders through dividends ($0) and net share buybacks ($0.0 million). Cash and equivalents fell by $1.8 million over the year.
Related: WAVE income statement, WAVE balance sheet. See the WAVE stock overview for the latest quote and news.
WAVE cash flow FAQ
What is Eco Wave Power Global AB's free cash flow?
Eco Wave Power Global AB's free cash flow was -$3.3 million in fiscal 2025: -$2.8 million of operating cash flow minus $0.5 million of capital expenditures It was -$1.9 million a year earlier..
How much cash does Eco Wave Power Global AB generate from operations?
Eco Wave Power Global AB generated -$2.8 million of cash from operating activities in fiscal 2025.
How much does Eco Wave Power Global AB spend on capital expenditures?
Eco Wave Power Global AB spent $0.5 million on capital expenditures in fiscal 2025, 1,381.6% of revenue, compared with $0.0 million the year before.
How much stock does Eco Wave Power Global AB buy back?
Eco Wave Power Global AB spent $0.0 million on net share repurchases in fiscal 2025.