Greenwave Technology Solutions, Inc. (GWAV) Financial Statements
Industry: Metals Service Centers & of fices (Wholesale)
In fiscal 2025, Greenwave Technology Solutions reported revenue of $46.7M, up 40.1% from $33.3M the year before. Net income was -$21.6M (a -46.3% net margin), or -$41.21 per diluted share. Gross margin was 25.4% and operating margin was -42.5%. Operating activities generated -$6.0M of cash. At fiscal year end, Greenwave Technology Solutions held $55.2M in total assets against $29.2M in total liabilities.
Open the full interactive Greenwave Technology Solutions financials → Quarterly statements, key ratios, valuation history and price charts.
Greenwave Technology Solutions Key Stats
| Share Price | $2.59 |
|---|---|
| Market Cap | $2.1M |
| Revenue YoY Growth | +40.1% |
| 52-Week Range | $2.31 – $17.55 |
| Shares Outstanding | 829,631 (basic, 2026 Q2) |
Greenwave Technology Solutions Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $6,964 | $8.1M | $35.8M | $35.7M | $33.3M | $46.7M |
| Gross Profit | — | $2.9M | $12.4M | $14.5M | $13.0M | $11.9M |
| Operating Income | -$1.2M | -$2.9M | -$10.9M | -$19.5M | -$34.3M | -$19.8M |
| Pre-Tax Income | -$14.7M | -$1.6M | -$35.0M | -$26.9M | -$23.9M | -$21.6M |
| Income Tax | — | — | — | — | $0 | — |
| Net Income | -$14.7M | -$1.6M | -$35.0M | -$26.9M | -$23.9M | -$21.6M |
| Diluted EPS | -$396000.00 | $5940.00 | -$160215.00 | -$42405.00 | -$931.70 | -$41.21 |
Greenwave Technology Solutions Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $12.7M | $15.7M | $16.3M | $16.0M |
| Net Income | -$5.3M | -$6.7M | -$1.5M | -$3.2M |
| Diluted EPS | -$8.89 | -$11.29 | -$1.81 | -$3.91 |
Greenwave Technology Solutions Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1,485 | — | — | — | — | — |
| Current Assets | $98,617 | $3.3M | $1.2M | $2.7M | $7.6M | $4.8M |
| Total Assets | $98,617 | $38.2M | $41.5M | $46.4M | $63.1M | $55.2M |
| Current Liabilities | $37.7M | $59.5M | $19.0M | $23.3M | $21.1M | $23.2M |
| Total Long-Term Debt | — | $25,000 | $7.0M | $23.4M | $14.1M | $11.8M |
| Total Liabilities | $37.8M | $61.5M | $26.1M | $50.9M | $26.1M | $29.2M |
| Shareholders' Equity | -$37.7M | -$23.3M | $15.3M | -$4.5M | $37.0M | $25.9M |
Greenwave Technology Solutions Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$1.0M | -$2.5M | -$2.6M | -$1.8M | -$17.3M | -$6.0M |
| Cash From Investing | — | -$77,666 | -$5.9M | -$1.7M | -$15.9M | -$934,299 |
| Cash From Financing | $1.0M | $5.5M | $6.4M | $4.2M | $34.2M | $5.3M |
| Free Cash Flow | — | -$2.7M | -$8.5M | -$3.6M | — | — |
Figures from Greenwave Technology Solutions' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Greenwave Technology Solutions financials page for every line item.
Greenwave Technology Solutions Company Profile
| Ticker | GWAV |
|---|---|
| Exchange | Nasdaq |
| Industry | Metals Service Centers & of fices (Wholesale) |
| Headquarters | Chesapeake, Virginia |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001589149 |
Frequently Asked Questions
What was Greenwave Technology Solutions' revenue in fiscal 2025?
Greenwave Technology Solutions (GWAV) reported revenue of $46.7M for fiscal 2025.
What is Greenwave Technology Solutions' annual revenue history?
Greenwave Technology Solutions' annual revenue by fiscal year: 2020: $6,964; 2021: $8.1M; 2022: $35.8M; 2023: $35.7M; 2024: $33.3M; 2025: $46.7M.
What was Greenwave Technology Solutions' net income in fiscal 2025?
Greenwave Technology Solutions reported net income of -$21.6M for fiscal 2025.
What was Greenwave Technology Solutions' earnings per share (EPS) in fiscal 2025?
Greenwave Technology Solutions' diluted EPS was -$41.21 for fiscal 2025 (adjusted for any later stock splits).
What was Greenwave Technology Solutions' revenue last quarter?
In its most recent reported quarter (2026 Q2), Greenwave Technology Solutions reported revenue of $16.0M.
How much debt does Greenwave Technology Solutions have?
Greenwave Technology Solutions reported $11.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Greenwave Technology Solutions are outstanding?
Greenwave Technology Solutions reported a weighted average of 829,631 basic shares outstanding in 2026 Q2.
What is Greenwave Technology Solutions' market cap?
Based on its latest closing price, Greenwave Technology Solutions (GWAV) has a market capitalization of about $2.1M.
When does Greenwave Technology Solutions' fiscal year end?
Greenwave Technology Solutions' fiscal year end, as registered with the SEC, is December 31.
Where is Greenwave Technology Solutions headquartered?
Greenwave Technology Solutions lists its business address in Chesapeake, Virginia in its SEC filings.
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