WAVE Eco Wave Power Global AB (publ) - American Depositary Shares
NASDAQ · Utilities · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Mar 12, 2026
$5.84
· of 52w range
· above low
· to high
$4.5452w low
$10.8752w high
P/E
-73.0
EPS
$-0.08
Revenue
$38.0K
your badges
52W Range
$5–$11
Analyst Rating
BUY
Price Target
$15
P/E
-73.0
ROE
-53.6%
Net Profit Margin
-9729.0%
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WAVE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$5.84
P/E
-73.0
EPS
$-0.08
Revenue
$38.0K
ROE
-53.6%
52W Range
$5–$11
WAVE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$38.0K2021-12-31 → 2025-12-31
EPS$-0.082020-12-31 → 2025-12-31
Free Cash Flow·2021-12-31 → 2022-12-31
Net margin-9729.0%2021-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | WAVE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -73.05Y avg ≈-96.0 | ≈-96.0 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | WAVE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 57.9%5Y avg ≈48.4% | ≈48.4% | · | · | |
| Operating Margin | -8242.1%5Y avg ≈-6839.7% | ≈-6839.7% | · | · | |
| EBITDA Margin | -8242.1%5Y avg ≈-6839.7% | ≈-6839.7% | · | · | |
| Pretax Margin | -9800.0%5Y avg ≈-6078.6% | ≈-6078.6% | · | · | |
| Net Profit Margin | -9729.0%5Y avg ≈-6050.5% | ≈-6050.5% | · | · | |
| ROA | -39.3%5Y avg ≈-22.3% | ≈-22.3% | · | · | |
| ROE | -53.6%5Y avg ≈-28.1% | ≈-28.1% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | WAVE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio | 2.55Y avg ≈6.6 | ≈6.6 | · | · | |
| Quick Ratio | 2.45Y avg ≈5.5 | ≈5.5 | · | · | |
| Interest Coverage | -101.05Y avg ≈-74.9 | ≈-74.9 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | WAVE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.05Y avg ≈0.0 | ≈0.0 | · | · | |
| Receivables Turnover | 0.25Y avg ≈0.9 | ≈0.9 | · | · | |
| Revenue / Employee | ≈$2.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
2.0%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 17, 2026 | $-0.16 | $-0.18 | 12.9% |
| March 31, 2026 | May 7, 2026 | $-0.08 | $-0.14 | 44.0% |
| Dec. 31, 2025 | $-0.14 | $-0.17 | 19.3% | |
| Sept. 30, 2025 | $-0.16 | $-0.14 | -12.0% | |
| June 30, 2025 | $-0.24 | $-0.13 | -81.0% | |
| March 31, 2025 | $-0.08 | $-0.11 | 28.7% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $38.0K | $168.0K | $306.0K | $26.0K | $31.0K | |
| Cost of Revenue | $16.0K | $42.0K | $59.0K | $22.0K | $27.0K | |
| Gross Profit | $22.0K | $126.0K | $247.0K | $4.0K | $4.0K | |
| R&D Expense | $733.0K | $536.0K | $519.0K | $898.0K | $670.0K | |
| SG&A Expense | $2M | $2M | $2M | $2M | $2M | |
| Operating Income | $-3M | $-2M | $-2M | $-4M | $-3M | |
| Interest Expense | $31.0K | $37.0K | $33.0K | $39.0K | $40.0K | |
| Interest Income | $271.0K | $434.0K | $602.0K | $765.0K | $792.0K | |
| Pretax Income | $-4M | $-2M | $-2M | $-3M | $-2M | |
| Net Income | $-4M | $-2M | $-2M | $-3M | $-2M | |
| EPS (Basic) | $-0.08 | $-0.04 | $-0.07 | $-0.07 | $-0.06 | |
| EPS (Diluted) | $-0.08 | $-0.04 | $-0.07 | $-0.07 | $-0.06 | |
| Shares (Basic) | 46,723,046 | 44,500,979 | 44,394,844 | 44,394,844 | 39,832,861 | |
| EBITDA | $-3M | $-2M | $-2M | $-4M | $-3M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $6M | $8M | $4M | $5M | $15M | |
| Receivables | $254.0K | $93.0K | $108.0K | $161.0K | $389.0K | |
| Current Assets | $7M | $9M | $9M | $11M | $15M | |
| PP&E (Net) | $929.0K | $561.0K | $636.0K | $722.0K | $1M | |
| Total Assets | $8M | $11M | $10M | $12M | $17M | |
| Accounts Payable | $130.0K | $70.0K | $50.0K | $75.0K | $46.0K | |
| Current Liabilities | $3M | $2M | $2M | $2M | $903.0K | |
| Total Liabilities | $3M | $2M | $2M | $2M | $2M | |
| Retained Earnings | $-19M | $-15M | $-13M | $-11M | $-8M | |
| Stockholders' Equity | $5M | $8M | $8M | $10M | $15M |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | · | · | · | $-2M | $-3M | |
| CapEx | $525.0K | $33.0K | $6.0K | $3.0K | $13.0K | |
| Investing Cash Flow | $915.0K | $3M | $1M | $-5M | $-130.0K | |
| Financing Cash Flow | $-186.0K | $3M | $-81.0K | $-320.0K | $8M | |
| Free Cash Flow | · | · | · | $-2M | $-3M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 57.9% | 75.0% | 80.7% | 15.4% | 12.9% | |
| Operating Margin | -8242.1% | -1391.7% | -788.6% | -13873.1% | -9903.2% | |
| Net Margin | -9729.0% | -1236.3% | -558.8% | -11157.7% | -7571.0% | |
| Pretax Margin | -9800.0% | -1254.8% | -609.8% | -11157.7% | -7571.0% | |
| EBITDA Margin | -8242.1% | -1391.7% | -788.6% | -13873.1% | -9903.2% | |
| ROA | -39.3% | -20.1% | -15.6% | -20.3% | -16.0% | |
| ROE | -53.6% | -25.8% | -19.4% | -23.6% | -18.4% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 2.5 | 4.2 | 4.1 | 5.7 | 16.7 | |
| Quick Ratio | 2.4 | 3.5 | 2.1 | 2.9 | 16.6 | |
| Interest Coverage | -101.0 | -63.2 | -73.1 | -92.5 | -44.5 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Receivables Turnover | 0.2 | 1.7 | 2.3 | 0.1 | 0.1 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| EPS (TTM) | $-0.08 | $-0.04 | $-0.07 | $-0.07 | $-0.06 |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue TTM | $38.0K | $168.0K | $306.0K | $26.0K | $31.0K | |
| Net Income TTM | $-4M | $-2M | $-2M | $-3M | $-2M | |
| P/E | -73.0 | -275.0 | -17.7 | -42.5 | -71.8 | |
| Earnings Yield | -1.4% | -0.36% | -5.7% | -2.4% | -1.4% |
No quarterly filings for WAVE
We don't have SEC filings for this ticker yet.
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $38.0K | $168.0K | $306.0K | $26.0K | $31.0K |
| Gross Margin % | 57.9% | 75.0% | 80.7% | 15.4% | 12.9% |
| Operating Margin % | -8242.1% | -1391.7% | -788.6% | -13873.1% | -9903.2% |
| Net Income | $-4M | $-2M | $-2M | $-3M | $-2M |
| Diluted EPS | $-0.08 | $-0.04 | $-0.07 | $-0.07 | $-0.06 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 2.5 | 4.2 | 4.1 | 5.7 | 16.7 |
| Quick Ratio | 2.4 | 3.5 | 2.1 | 2.9 | 16.6 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | · | · | · | $-2M | $-3M |
Institutional owners (13F) 20 filers · $4.9M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
20
Value held
$4.9M
New positions
7
Exited positions
3
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 7 (+1 vs prior Q) | 3 (-1 vs prior Q) | 5 (+2 vs prior Q) | 2 (0 vs prior Q) | +450K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| CITADEL ADVISORS LLC | $3,699,803 | 408,818 | 75.47% | Shares |
| Connective Capital Management, LLC | $291,718 | 32,234 | 5.95% | Shares |
| SmartHarvest Portfolios, LLC | $184,991 | 20,441 | 3.77% | Shares |
| MORGAN STANLEY | $167,914 | 18,554 | 3.43% | Shares |
| LPL Financial LLC | $152,737 | 16,877 | 3.12% | Shares |
| Veracity Capital LLC | $134,863 | 14,902 | 2.75% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $113,731 | 12,567 | 2.32% | Shares |
| OSAIC HOLDINGS, INC. | $48,870 | 5,400 | 1.00% | Shares |
| PNC Financial Services Group, Inc. | $43,440 | 4,800 | 0.89% | Shares |
| Federation des caisses Desjardins du Quebec | $15,930 | 1,800 | 0.32% | Shares |
| UBS Group AG | $10,796 | 1,193 | 0.22% | Shares |
| Arax Advisory Partners | $10,688 | 1,181 | 0.22% | Shares |
| WELLS FARGO & COMPANY/MN | $8,932 | 987 | 0.18% | Shares |
| Steward Partners Investment Advisory, LLC | $6,516 | 720 | 0.13% | Shares |
| SBI Securities Co., Ltd. | $3,892 | 430 | 0.08% | Shares |
| Russell Investments Group, Ltd. | $3,575 | 395 | 0.07% | Shares |
| HUNTINGTON NATIONAL BANK | $1,710 | 189 | 0.03% | Shares |
| Farther Finance Advisors, LLC | $1,303 | 144 | 0.03% | Shares |
| RHUMBLINE ADVISERS | $705 | 78 | 0.01% | Shares |
| ASSETMARK, INC | $453 | 50 | 0.01% | Shares |
ETF ownership Held by 10 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IEUS · iShares Trust | 0.02% | 835 SH | Sept. 11, 2026 | Daily |
| VSS · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 27,656 SH | Aug. 19, 2026 | Daily |
| SCZ · iShares Trust | 0.01% | 25,513 SH | Sept. 11, 2026 | Daily |
| WSML · iShares Trust | 0.00% | 597 SH | Sept. 10, 2026 | Daily |
| IEFA · iShares Trust | 0.00% | 55,402 SH | Sept. 11, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | 0.00% | 109,597 SH | Aug. 19, 2026 | Daily |
| VGK · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 18,321 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 4,879 SH | Aug. 19, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | 0.00% | 71,094 SH | Aug. 19, 2026 | Daily |
| VSGX · VANGUARD WORLD FUND | 0.00% | 1,512 SH | Aug. 19, 2026 | Daily |
WAVE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
BUY
Median target
$14.75
+152.6%
2 25.0%
Strong Buy
5 62.5%
Buy
1 12.5%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
2 analysts · 2026-10-01Mean target $14.75 +152.6%
← Below all targets
Current price $5.84
Low$14.50
Mean$14.75
High$15.00
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Source: SEC 20-F filed Mar 12, 2026