Eco Wave Power Global AB (publ) (WAVE) Income Statement
WAVE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWAVE revenue and net income
Where WAVE's revenue goes
2025Each bar shows an amount and its share of revenue. WAVE kept −9,729.2% of revenue as net income.
WAVE profit margins
WAVE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −77.3% | — | — | — |
| Gross profit | −285.1% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WAVE quarterly EPS vs estimates
Eco Wave Power Global AB beat the analyst EPS estimate in 5 of the last 7 quarters. Next report: November 11, 2026.
WAVE income statement
| 2025 | 2024 | |
|---|---|---|
| Revenue | $38,203 | $168,000 |
| Cost of revenue | $271,449 | $42,000 |
| Gross profit | −$233,245 | $126,000 |
| Research & development | $636,397 | $536,000 |
| Sales, general & admin | $2.3M | $2.0M |
| Total operating expenses | $3.0M | $2.5M |
| Operating income | −$3.2M | −$2.3M |
| Interest income | $271,000 | $434,000 |
| Interest expense | $66,354 | $60,875 |
| Income before taxes | −$3.7M | −$2.1M |
| Net income | −$3.7M | −$2.1M |
| EBITDA | −$3.4M | −$1.9M |
| EPS (diluted) | −$0.50 | −$0.20 |
| Gross margin | −610.5% | 75.0% |
| Operating margin | −8,416.0% | −1,391.7% |
| Net margin | −9,729.2% | −1,236.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $38,112 | $0 | $0 | $0 | $168,000 |
| Cost of revenue | — | — | $16,047 | — | — | — | $42,000 |
| Gross profit | — | — | $22,064 | — | — | — | $126,000 |
| Research & development | $78,000 | $140,242 | $142,419 | $191,523 | $218,000 | $181,000 | $100,997 |
| Sales, general & admin | $677,000 | $570,000 | $429,000 | $692,000 | $596,000 | $539,000 | $479,000 |
| Total operating expenses | $769,000 | $711,230 | $727,141 | $881,804 | $823,000 | $765,000 | $498,000 |
| Operating income | −$769,000 | −$711,230 | −$705,076 | −$881,804 | −$823,000 | −$765,000 | −$372,000 |
| Interest income | $23,000 | $30,000 | $45,000 | $86,000 | $47,000 | $279,000 | $0 |
| Interest expense | $208,000 | $43,074 | $225,664 | $193,518 | $611,000 | $19,000 | $11,000 |
| Income before taxes | −$977,000 | −$696,203 | −$838,469 | −$993,526 | −$1.4M | −$505,000 | −$536,000 |
| Net income | −$977,000 | −$694,200 | −$838,469 | −$981,556 | −$1.4M | −$499,000 | −$527,000 |
| EBITDA | −$672,500 | −$653,129 | −$612,805 | −$780,058 | −$776,000 | −$486,000 | −$515,250 |
| EPS (diluted) | −$0.16 | −$0.08 | −$0.15 | −$0.02 | −$0.24 | −$0.09 | −$0.01 |
| Gross margin | — | — | 57.9% | — | — | — | 75.0% |
| Operating margin | — | — | −1,850.0% | — | — | — | −221.4% |
| Net margin | — | — | −2,200.0% | — | — | — | −313.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WAVE's financial statements (latest annual report filed March 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WAVE financial results
In fiscal year 2025 (ended December 31, 2025), Eco Wave Power Global AB reported revenue of $0.0 million, down 77.3% from the year before. It had a net loss of $3.7 million, a net profit margin of −9,729.2%. Diluted earnings per share came to −$0.50.
See the WAVE stock overview for the latest quote and news, or the WAVE chart for price history and technical indicators.
WAVE income statement FAQ
What is Eco Wave Power Global AB's annual revenue?
Eco Wave Power Global AB reported total revenue of $0.0 million for fiscal year 2025, which ended on December 31, 2025. That was down 77.3% from $0.2 million the previous year.
Is Eco Wave Power Global AB profitable?
No. Eco Wave Power Global AB reported a net loss of $3.7 million in fiscal 2025, a net profit margin of −9,729.2%; its operating margin was −8,416.0%.
What is Eco Wave Power Global AB's gross margin?
Eco Wave Power Global AB's gross margin was −610.5% in fiscal 2025: for every $100 of revenue, Eco Wave Power Global AB kept $-611 after the direct cost of its products and services.
How much does Eco Wave Power Global AB spend on research and development?
Eco Wave Power Global AB spent $0.6 million on research and development in fiscal 2025, 1,665.8% of revenue.
What are Eco Wave Power Global AB's earnings per share?
Eco Wave Power Global AB earned $-0.50 per diluted share in fiscal 2025, compared with $-0.20 a year earlier.
When will Eco Wave Power Global AB report its next earnings?
Eco Wave Power Global AB is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does Eco Wave Power Global AB's fiscal year end?
Eco Wave Power Global AB's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 12, 2026.