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Financials · GWAV

Greenwave Technology Solutions Inc. (GWAV) financials

For the twelve months ended Jun 30, 2026, Greenwave Technology Solutions Inc. reported $60.56M of revenue and -$16.76M of net income.

Revenue, TTM
$60.56M
Revenue growth, YoY
+71.8%
Net income, TTM
-$16.76M
Net margin
-27.7%
Cash
$655.0K
Total debt
$5.46M
P/S
0.10
Market cap
$6.1M
Annual revenue$46.66M
FY2017FY2025
Annual net income-$21.60M
FY2016FY2025
Annual free cash flow-$3.59M
FY2018FY2023

GWAV revenue and earnings growth

GWAV revenueQ2 2026$16.00M

Quarter YoY
+45.5%
QoQ
-1.7%
FY YoY
+40.1%
5Y CAGR
+482.4%

GWAV revenue was $16.00M in fiscal Q2 2026 (ended Jun 30, 2026), up 45.5% from a year earlier and down 1.7% from the prior quarter. For the full fiscal 2025 it was $46.66M, up 40.1% from fiscal 2024. Compound annual growth was +482.4% over 5 years. It rose in 5 of the last 8 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.

GWAV net incomeQ2 2026-$3.24M

GWAV net income was -$3.24M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$4.92M a year earlier. For the full fiscal 2025 it was -$21.60M, compared with -$23.92M in fiscal 2024.

GWAV EPSQ2 2026-$3.91

GWAV diluted EPS was -$3.91 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$41.21.

GWAV free cash flowQ2 2026-$370.4K

GWAV free cash flow was -$370.4K in fiscal Q2 2026 (ended Jun 30, 2026), compared with $660.4K a year earlier. For the full fiscal 2023 it was -$3.59M, compared with -$8.55M in fiscal 2022.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$46.66M$33.32M$35.67M$33.98M$8.10M$7.0K$23.7K$19.6K$319.2K-
Cost of revenue$34.79M$20.33M$21.18M$21.54M$5.24M$1.3K-$994$630$180.4K
Gross profit$11.87M$12.99M$14.48M$12.44M$2.86M$5.7K-$18.6K$318.6K-
Selling, general and admin-------$13.90M$37.12M$14.30M
Operating income-$19.82M-$34.26M-$19.51M-$10.88M-$2.93M-$1.16M-$3.45M-$13.88M-$36.80M-$13.60M
Interest expense$2.84M$5.36M$8.90M$34.08M$10.56M$5.14M$4.94M$1.97M$659.8K$3.85M
Pre-tax income-$21.60M-$23.92M-$26.94M-$35.04M-$1.63M-$14.71M-$34.27M-$16.02M-$44.39M-$18.03M
Income tax-$0$0-------
Net income-$21.60M-$23.92M-$26.94M-$35.04M-$1.63M-$14.71M-$34.27M-$16.02M-$44.39M-$18.03M
EPS, basic-$41.25-$932.14-$42053.29-$158758.50$9319.50-$392236.50-$3106.50-$1635.00-$7521.00-$5559.00
EPS, diluted-$41.21-$601.70-$42053.29-$158758.50$5886.00-$392236.50-$3106.50-$1635.00-$7521.00-$5559.00
Diluted shares596,352107,759798.917402.282501.476284.53435,278.4369,534.2645,945.7633,250.852

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$935.8K$2.58M$1.55M$821.8K$2.96M$1.5K$1.1K$29.6K$1.20M$374.5K
Receivables$1.12M$1.25M$646.4K$215.3K-----$3.3K
Inventory$2.24M$2.89M$200.4K$189.6K$381.0K-----
Current assets$4.82M$7.64M$2.69M$1.24M$3.34M$98.6K$3.1K$43.6K$1.22M$377.8K
Goodwill----$2.50M----$0
Total assets$55.17M$63.09M$46.41M$41.47M$38.18M$98.6K$3.1K$569.1K$2.57M$723.6K
Current liabilities$23.16M$21.10M$40.49M$19.01M$59.47M$37.72M$36.87M$7.41M$13.95M$1.71M
Short-term debt$7.19M$10.20M$2.74M-$240.0K-----
Long-term debt-$0$4.03M---$1.55M--$108.1K
Total debt$5.39M$10.20M$6.77M$1.82M$25.0K-$1.55M--$108.1K
Total liabilities$29.23M$26.13M$50.87M$26.13M$61.53M$37.83M$36.87M$7.41M$13.95M-
Shareholders' equity$25.94M$36.95M-$4.45M$15.34M-$23.35M-$37.73M-$36.87M-$6.84M-$11.38M-$1.10M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$5.98M-$17.25M-$1.83M-$2.61M-$2.49M-$1.04M-$1.80M-$6.42M-$8.00M-$6.18M
Capital expenditures--$1.76M$5.94M$218.7K--$4.0K--
Free cash flow---$3.59M-$8.55M-$2.71M---$6.43M--
Investing cash flow-$934.3K-$15.92M-$1.68M-$5.94M-$77.7K-$91.0K-$264.6K-$314.8K-$83.8K
Financing cash flow$5.27M$34.21M$4.24M$6.41M$5.52M$1.04M$1.68M$5.52M$9.14M$6.25M
Dividends paid------$28.93M---
Stock-based compensation$100.0K$823.5K$0-$166.9K-$222.7K$5.65M$22.11M$7.38M
Depreciation and amortization$8.66M$7.34M$5.81M$3.83M$888.8K-$45.3K$443.1K$416.3K-

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY40.1%-6.6%5.0%319.6%116184.3%-70.6%21.0%-93.9%--
Gross margin25.4%39.0%40.6%36.6%35.3%81.6%-94.9%99.8%-
Operating margin-42.5%-102.8%-54.7%-32.0%-36.2%-16660.1%-14535.9%-70850.2%-11528.5%-
Net margin-46.3%-71.8%-75.5%-103.1%-20.2%-211235.8%-144576.3%-81729.0%-13904.7%-
Free cash flow margin---10.1%-25.1%-33.4%---32800.4%--
Return on equity-83.3%-64.7%--228.5%------
Return on assets-39.1%-37.9%-58.0%-84.5%-4.3%-14916.8%-1107234.6%-2814.5%-1724.5%-2491.7%
Current ratio0.210.360.070.070.060.000.000.010.090.22
Debt to equity0.210.28-0.12------

Source: XBRL data Greenwave Technology Solutions Inc. files with the SEC, latest filing dated Aug 18, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-150, first reported Aug 19, 2024; 1-for-109, first reported Feb 5, 2026.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

GWAV peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
GWAV$60.56M+71.8%-$16.76M-27.7%$6.1M
PH$22.41B+11.9%$3.72B16.6%$120.62B
HWM$9.73B+22.0%$2.05B21.1%$85.99B
RS$17.37B+24.7%$1.11B6.4%$21.45B
RBC$2.02B+17.4%$354.40M17.5%$15.54B
CR$2.76B+21.5%$342.00M12.4%$12.16B
WTS$2.79B+18.7%$447.00M16.0%$12.00B
MLI$5.00B+20.8%$863.59M17.3%$11.94B

GWAV FAQ

7 questions
  • What is GWAV revenue?
    Greenwave Technology Solutions Inc. (GWAV) reported $60.56M of revenue for the twelve months ended Jun 30, 2026. That is up 71.8% from the year before. Revenue for fiscal 2025 was $46.66M.
  • Is GWAV profitable?
    No. Greenwave Technology Solutions Inc. reported a net loss of $16.76M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does GWAV have?
    Greenwave Technology Solutions Inc. reported $655.0K in cash and cash equivalents and $5.46M of debt on its most recent balance sheet in SEC filings.
  • How fast is GWAV revenue growing?
    Greenwave Technology Solutions Inc.'s revenue changed +40.1% in fiscal 2025, to $46.66M. Its compound annual growth rate was +482.4% over 5 years.
  • What is GWAV gross margin?
    Greenwave Technology Solutions Inc.'s gross profit was $19.15M on $60.56M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 31.6%.
  • When did GWAV last report financial results?
    The latest statements here come from Greenwave Technology Solutions Inc.'s 10-Q filed on Aug 18, 2026, covering the period ended Jun 30, 2026.
  • Where does this GWAV financial data come from?
    Quantisnow builds these statements from the structured XBRL data Greenwave Technology Solutions Inc. files with the SEC. It is provided for information only and is not investment advice.