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Friday 6 November 2026
Export GWAV’s income statement to Excel — free account
Greenwave Technology Solutions, Inc.
GWAV Industrials Waste Management
Greenwave Technology Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $46.7 million, up 40.1% from fiscal 2024.
- Revenue
- +45.5%
- EPS
- +56.5%
- Free cash flow
- −156.1%
- Total debt
- −12.9%
Quarter to June 2026, against a year earlier
1.96
0.09
−4.39%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 1 | 0 | 0 | 0 | 0 | 8 | 34 | 36 | 33 | 47 | 61 | +59.4% | — | — | — | — | |
| Gross margin, % | 74.29 | 99.81 | 94.90 | 85.23 | 81.43 | 35.31 | 36.61 | 40.61 | 38.99 | 25.45 | 31.60 | (48.8) pt | ||||||
| EBT | (18) | (44) | (16) | (34) | (15) | (2) | (35) | (27) | (24) | (22) | (17) | +2.0% | ||||||
| EBT margin, % | (2,569.85) | (13,906.52) | (81,716.33) | (144,594.51) | (210,150.00) | (20.16) | (103.13) | (75.52) | (71.79) | (46.28) | (27.65) | +2,523.6 pt | ||||||
| Net income | (18) | (44) | (16) | (34) | (15) | (2) | (35) | (27) | (24) | (22) | (17) | +2.0% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 0.01 | 0.00 | 0.00 | 0.00 | 24.83 | 26,993.33 | 85,240.08 | 44,585.00 | 309.05 | 78.24 | 73.05 | +162.5% | |||||
| Earnings | (0.34) | (0.46) | (0.10) | (0.19) | (395,835.00) | (5,522.07) | (160,215.00) | (42,151.88) | (932.14) | (41.25) | (22.88) | +70.5% | ||||||
| Cash flow | (0.12) | (0.08) | (0.04) | 0.00 | (3,680.79) | (8,290.67) | (6,545.58) | (2,291.62) | (160.06) | (10.02) | (2.53) | +64.1% | ||||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (729.00) | (14,891.38) | (2,201.12) | (147.70) | (3.47) | (1.63) | n/m | ||||||
| Free cash flow | (0.12) | (0.08) | (0.04) | 0.00 | (3,680.79) | (9,019.67) | (21,436.96) | (4,492.75) | (307.76) | (13.49) | (4.16) | +69.6% | ||||||
| Book value | (0.02) | (0.12) | (0.04) | (0.06) | (133,831.89) | (77,827.00) | 38,476.74 | (5,567.62) | 342.81 | 43.49 | 25.54 | n/m | ||||||
| Shares, m | 53 | 97 | 156 | 577 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | (39.3%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | 393,746,183.72 | 1,477,381,776.32 | 2,322,766,033.16 | 602,356,518.99 | 1,142.31 | 8.62 | 0.17 | 0.28 | 0.50 | 0.07 | 0.03 | 479,625,166.4 | ||||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.39 | 0.00 | 0.45 | 0.12 | 0.08 | 0.1 | ||||||
| EV/Sales | 393,746,184.76 | 1,477,381,774.44 | 2,322,766,062.43 | 602,356,524.08 | 1,585.17 | 8.27 | 0.37 | 0.59 | 0.57 | 0.25 | 0.13 | 479,625,214.1 | ||||||
| EV/FCF | (44,377,170.36) | (58,545,035.68) | (7,080,942.98) | (7,919,148.84) | (11.85) | (24.73) | (1.46) | (5.82) | (0.57) | (1.46) | (2.22) | (11,792,234.4) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (6) | (8) | (6) | (2) | (1) | (2) | (3) | (2) | (17) | (6) | (2) | (0.4%) | |||||
| Capex | 0 | 0 | 0 | — | — | 0 | (6) | (2) | (16) | (2) | (1) | +64.2% | ||||||
| Free cash flow | (6) | (8) | (6) | (2) | (1) | (3) | (9) | (4) | (33) | (8) | (3) | +3.0% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (1) | (13) | (7) | (37) | (38) | (56) | (18) | (38) | (13) | (18) | (23) | +33.8% | |||||
| Net debt | 0 | 0 | 2 | 0 | 3 | (3) | 7 | 11 | 2 | 9 | 6 | n/m | ||||||
| Shareholders’ equity | (1) | (11) | (7) | (37) | (38) | (23) | 15 | (4) | 37 | 26 | 21 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (2,497.42) | (2,692.24) | (1,019.15) | (38,540.09) | (219,515.24) | 14.51 | (160.36) | (76.46) | (183.46) | (41.60) | (28.68) | +2,455.8 pt | |||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (31.12) | (188.45) | (54.39) | (35.86) | (34.90) | (35.9) pt | ||||||
| ROE | 4,632.61 | 711.89 | 175.89 | 504.58 | 299.25 | (9.09) | 1,594.39 | (617.40) | (618.12) | (78.22) | (56.68) | (4,710.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 33 | 7 | 10 | 2 | 3 | 89 | 143 | 131 | 180 | 172 | — | +20.1% | |||||
| Revenue/emp, $m | 0.02 | 0.05 | 0.00 | 0.01 | 0.00 | 0.09 | 0.24 | 0.27 | 0.19 | 0.27 | — | +32.7% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Greenwave Technology Solutions, Inc. vs peers in Waste Management (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LNZA LanzaTech Global, Inc. | $65.4M | 0.3× | — | −0.77% (below 0%: shrinking) | n/m | +90.37% (above 0%: growing) | 19.99% | (109.53%) | Compare |
| YDDL One and One Green Technologies. Inc | $56.6M | — | — | — | — | — | — | — | Compare |
| LICYQ Li-Cycle Holdings Corp. | $29.9M | — (loss-making) | — (loss-making) | +9.38% (above 0%: growing) | n/m | +68.50% (above 0%: growing) | (191.43%) | (417.14%) | Compare |
| QRHC Quest Resource Holding Corporation. | $21.9M | — (loss-making) | — (loss-making) | +0.69% (above 0%: growing) | n/m | −110.35% (below 0%: shrinking) | 17.85% | 2.66% | Compare |
| AWX Avalon Holdings Corporation | $9.8M | 8.1× | 8.3× | −5.63% (below 0%: shrinking) | +40.82% (above 0%: growing) | −13.53% (below 0%: shrinking) | 23.39% | 6.50% | Compare |
| GWAV Greenwave Technology Solutions, Inc. | $6.1M | — (loss-making) | — | +45.47% (above 0%: growing) | n/m | −156.09% (below 0%: shrinking) | 37.88% | (17.80%) | |
| AQMS Aqua Metals, Inc. | $4.2M | — (loss-making) | — (loss-making) | +38.89% (above 0%: growing) | n/m | −257.58% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| CDTG CDT Environmental Technology Investment Holdings Limited | $2.8M | — | — | — | — | +67.03% (above 0%: growing) | — | — | Compare |
| DXST Decent Holding Inc. | $1.9M | — | — | — | — | −1,205.75% (below 0%: shrinking) | — | — | Compare |
| Median of peers | $15.9M | — | — | +0.69% | — | −13.53% | 17.85% | 0.00% |
Pay and ownership Proxy statement filed 24 July 2025
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2024 | 2.15m | 2.15m | 0.03 |
| 2023 | 750.00k | 750.00k | 4.01 |
| 2022 | 1.95m | 1.95m | 6.25 |
Ownership
Directors and executive officers, together
45.30% of the votes
Danny Meeks
45.00% of the votes
Anson Funds Management LP
4.40% of the votes
Joseph Reda
4.10% of the votes
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement