NASDAQ · Financial Statements

Greenwave Technology Solutions, Inc. (GWAV) Financial Statements

$2.29 NASDAQ: GWAV Market Cap $6.81M

Greenwave Technology Solutions, Inc. most recently reported annual revenue of $47.0M, a net loss of $22.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Greenwave Technology Solutions, Inc.: Revenue rose from $1.0M in 2016 to $47.0M in 2025, a change of +4600.0% over 9 years; net profit was positive in 0 of 10 reported years; operating margin moved from -1938.8% to -42.9%, a shift of +1895.9 percentage points; the most recent year shows a net loss of $22.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$1.0M$0$0$0$0$8.0M$34.0M$36.0M$33.0M$47.0M
Operating Expenses$14.0M$37.0M$14.0M$3.0M$1.0M$11.0M$42.0M$45.0M$52.0M$67.0M
Operating Profit$-14.0M$-37.0M$-14.0M$-3.0M$-1.0M$-3.0M$-8.0M$-9.0M$-18.0M$-20.0M
Operating Margin-1938.8%-11528.5%-70850.2%-14535.9%-16660.1%-36.1%-24.7%-26.1%-55.5%-42.9%
Other Income$-4.0M$-8.0M$-2.0M$-31.0M$-14.0M$1.0M$-27.0M$-18.0M$-5.0M$-2.0M
Interest$4.0M$1.0M$2.0M$5.0M$5.0M$11.0M$34.0M$9.0M$5.0M$3.0M
Depreciation$0$0$0$0$5.0M$1.0M$6.0M$7.0M$8.0M$9.0M
Profit Before Tax$-18.0M$-44.0M$-16.0M$-34.0M$-15.0M$-2.0M$-35.0M$-27.0M$-24.0M$-22.0M
Tax$0$0$0$0$0$0$0$0$0$0
Net Profit$-18.0M$-44.0M$-16.0M$-34.0M$-15.0M$-2.0M$-35.0M$-27.0M$-24.0M$-22.0M
EPS$-15300.00$-20700.00$-4623.75$-8602.20$-3611.25$50.85$-9.71$-385.81$-8.47$-41.21
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$8.0M$9.0M$9.0M$8.0M$9.0M$8.0M$7.0M$11.0M$13.0M$16.0M$16.0M$16.0M
Operating Expenses$22.0M$11.0M$11.0M$17.0M$13.0M$11.0M$11.0M$16.0M$18.0M$22.0M$17.0M$19.0M
Operating Profit$-13.0M$-2.0M$-3.0M$-9.0M$-4.0M$-2.0M$-4.0M$-5.0M$-5.0M$-6.0M$-1.0M$-3.0M
Operating Margin-164.8%-22.2%-33.1%-113.7%-52.2%-26.9%-53.5%-41.5%-41.1%-40.5%-6.6%-17.8%
Interest$4.0M$2.0M$2.0M$2.0M$0$0$1.0M$1.0M$0$0$0$0
Profit Before Tax$-16.0M$-4.0M$-8.0M$7.0M$-5.0M$-18.0M$-5.0M$-5.0M$-5.0M$-7.0M$-2.0M$-3.0M
Tax$0$0$0$0$0$0$0$0$0$0$0$0
Net Profit$-16.0M$-4.0M$-8.0M$7.0M$-5.0M$-18.0M$-5.0M$-5.0M$-5.0M$-7.0M$-2.0M$-3.0M
EPS$-1.75$-36.72$-57.98$-8.43$-0.26$-42.79$-17.85$-8.98$-8.89$-8.12$-1.81$-3.91

Over the 10 years reported for Greenwave Technology Solutions, Inc., cash stood at $1.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.22 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.0M$3.0M$1.0M$0$0$38.0M$41.0M$46.0M$63.0M$55.0M
Current Assets$0$1.0M$0$0$0$3.0M$1.0M$3.0M$8.0M$5.0M
Cash$0$1.0M$0$0$0$3.0M$1.0M$2.0M$3.0M$1.0M
Inventory$0$0$0$0$0$0$0$0$3.0M$2.0M
Receivables$0$0$0$0$0$0$0$1.0M$1.0M$1.0M
Fixed Assets$0$0$0$0$0$7.0M$17.0M$24.0M$38.0M$36.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0$0
Other Assets$0$0$0$0$0$2.0M$0$0$0$0
Total Liabilities$2.0M$14.0M$7.0M$37.0M$38.0M$62.0M$26.0M$51.0M$26.0M$29.0M
Current Liabilities$2.0M$14.0M$7.0M$37.0M$38.0M$59.0M$19.0M$23.0M$21.0M$23.0M
Borrowings$0$1.0M$3.0M$7.0M$3.0M$11.0M$17.0M$39.0M$16.0M$14.0M
Other Liabilities$2.0M$13.0M$5.0M$30.0M$34.0M$51.0M$9.0M$12.0M$10.0M$16.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$-1.0M$-11.0M$-7.0M$-37.0M$-38.0M$-23.0M$15.0M$-4.0M$37.0M$26.0M

For Greenwave Technology Solutions, Inc., operating cash flow was positive in 0 of 10 reported years; free cash flow in the latest year was negative at $8.0M; free cash flow was positive in 0 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-6.0M$-8.0M$-6.0M$-2.0M$-1.0M$-2.0M$-3.0M$-2.0M$-17.0M$-6.0M
Investing Cash Flow$0$0$-1.0M$0$0$0$-12.0M$-3.0M$-32.0M$-3.0M
Financing Cash Flow$1.0M$6.0M$1.0M$-2.0M$0$0$4.0M$-9.0M$-1.0M$0
Net Cash Flow$0$1.0M$-1.0M$0$0$3.0M$-2.0M$1.0M$1.0M$-2.0M
Free Cash Flow$-6.0M$-8.0M$-7.0M$-2.0M$-1.0M$-3.0M$-9.0M$-4.0M$-33.0M$-8.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.00
EV / EBITDA-2.26
FCF Yield-180.35%
Quick Ratio0.12
Interest Coverage-10.20
Return 1Y-87.32%
Return 3Y-99.98%
Return 5Y-100.00%

Greenwave Technology Solutions, Inc. (GWAV) financials — frequently asked questions

What is Greenwave Technology Solutions, Inc.'s annual revenue?

Greenwave Technology Solutions, Inc. (GWAV) reported annual revenue of $47.0M in its most recent fiscal year.

What is Greenwave Technology Solutions, Inc.'s net profit?

Greenwave Technology Solutions, Inc. (GWAV) reported a net loss of $22.0M in its most recent fiscal year.

What is GWAV EV/EBITDA?

Greenwave Technology Solutions, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -2.26. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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