WAVE

MKT CAP:$41M

Eco Wave Power Global AB (publ)

Market Cap

$41M

Utilities·Renewable Utilities·🇮🇱 Israel·NASDAQ

Utilities·Renewable·🇮🇱·NASDAQ

Stock Price

$6.95+$0.93 (+15.45%)

Apr 24, 2026

Company Details

Eco 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 agreeme...

CEO

Inna Braverman

IPO Date

Jul 1, 2021

Website

www.ecowavepower.com

Key Metrics TTM

Revenue

$38.1K

-80.4% YoY

Net Income

-$4M

EPS (Diluted)

-$0.64

Free Cash Flow

$0

Revenue / Share

$0.01

Gross Margin

57.9%

Operating Margin

-8330.4%

Net Margin

-9700.4%

FCF Margin

0.0%

P/S

1064.9x

P/E

—

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Mar 12, 2026

$38.2KEPS -$0.64

Q4 2025

Mar 12, 2026

$38.1K-77.3%EPS -$0.14

Q3 2025

Sep 29, 2025

$0EPS -$0.17

Q2 2025

Aug 14, 2025

$0EPS -$0.24

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 19	$1.8K	-$56.8K	-$173.2K
Q2 19	$0	-$125.5K	-$374.9K
Q1 20	$0	-$6.0K	-$443.3K
Q1 21	$31.0K	$4.0K	-$533.0K
Q1 22	$26.0K	$4.0K	-$896.0K
Q2 22	$0	$0	-$1M
Q2 24	$0	$0	-$690.0K
Q4 24	$168.0K	$126.0K	-$372.0K
Q1 25	$0	$0	-$765.0K
Q2 25	$0	$0	-$823.0K
Q3 25	$0	$0	-$881.8K
Q4 25	$38.1K	$22.1K	-$705.1K

Valuation

Quarter	P/S	P/E
Q1 19	—	—
Q2 19	—	—
Q1 20	—	—
Q1 21	2020.8x	—
Q1 22	508.9x	—
Q2 22	410.8x	—
Q2 24	276.4x	—
Q4 24	349.4x	—
Q1 25	207.8x	—
Q2 25	203.1x	—
Q3 25	291.4x	—
Q4 25	859.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 19	-$173.0K	-$173.0K
Q2 19	-$388.2K	-$399.3K
Q1 20	-$462.0K	-$462.0K
Q1 21	-$506.0K	-$509.0K
Q1 22	-$551.0K	-$552.0K
Q2 22	$40.0K	$39.8K
Q2 24	$0	$0
Q4 24	$0	$0
Q1 25	$0	$0
Q2 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q1 19	$0
Q2 19	$11.1K
Q1 20	$0
Q1 21	$3.0K
Q1 22	$1.0K
Q2 22	$245
Q2 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+1310.7%	+426.8%
Q2 22	—	+224.4%
Q2 24	—	+55.6%
Q4 24	+441.9%	-4.3%
Q1 25	-100.0%	-17.0%
Q2 25	—	-32.3%
Q3 25	—	+27.8%
Q4 25	-77.3%	+37.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 19	$0	0.0%
Q2 19	$0	—
Q1 20	$0	—
Q1 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	—
Q2 24	$0	—
Q4 24	$0	0.0%
Q1 25	$0	—
Q2 25	$0	—

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 19	—	$101.6K	—	—
Q2 19	—	$267.6K	—	—
Q1 20	—	—	—	$437.3K
Q1 21	$160.0K	$287.0K	$90.0K	—
Q1 22	$194.0K	$536.0K	$165.0K	—
Q2 22	$441.0K	$650.0K	$135.0K	—
Q2 24	$143.0K	$486.0K	$72.0K	—
Q4 24	$101.0K	$479.0K	—	—
Q1 25	$181.0K	$539.0K	$77.0K	—
Q2 25	$218.0K	$550.0K	$46.0K	—
Q3 25	$191.5K	—	—	$690.3K
Q4 25	$142.4K	—	—	$584.7K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$14M	$0	$14M
Q2 22	$12M	$0	$12M
Q3 22	$6M	$5M	$11M
Q4 22	$5M	$5M	$10M
Q1 23	$5M	$5M	$10M
Q2 23	$4M	$5M	$9M
Q3 23	$4M	$5M	$9M
Q4 23	$4M	$4M	$8M
Q1 24	$8M	$0	$8M
Q2 24	$7M	$0	$7M
Q3 24	$7M	$0	$7M
Q4 24	$8M	$1M	$9M
Q1 25	$7M	$1M	$9M
Q2 25	$6M	$1M	$8M
Q3 25	$6M	$1M	$7M
Q4 25	$6M	$0	$6M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 19	13K	—	—
Q2 19	5M	+35547.0%	—
Q1 20	5M	+13.9%	—
Q1 21	4M	-15.9%	—
Q1 22	6M	+26.1%	+42975.0%
Q2 22	6M	0.0%	+20.8%
Q2 24	6M	0.0%	+6.1%
Q4 24	6M	+1.0%	+27.3%
Q1 25	6M	-0.9%	0.0%
Q2 25	6M	+5.3%	+5.3%
Q3 25	6M	-0.0%	+5.2%
Q4 25	6M	+0.0%	+4.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 19	—	—
Q2 19	—	—
Q1 20	—	—
Q1 21	—	—
Q1 22	$2.0K	13
Q2 22	$0	13
Q2 24	$0	13
Q4 24	$15.3K	11
Q1 25	$0	11
Q2 25	$0	11
Q3 25	$0	11
Q4 25	$3.8K	10

Revenue / Employee