Saturday 17 October 2026 Export GWAV’s income statement to Excel — free account

Greenwave Technology Solutions, Inc.

Greenwave Technology Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $46.7 million, up 40.1% from fiscal 2024. In the quarter to June 2026, revenue grew 45.5%, EPS grew 56.5%, free cash flow fell 156.1% and total debt fell 12.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

2.50 0.05 +2.04%

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Market cap: $7.3M
P/E: 0.0×
Fwd P/E: —
Dividend yield: —
F-score: 3/9
Altman Z: −13.89
Beneish M: −3.57
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 8.00

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	1	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 4.77%

Capital & Financial Ratios $m

Market Cap 7.31

Revenue 60.60

Net Income (16.76)

Free Cash Flow (3.45)

Net Debt 6.04

Current Ratio 0.23

Debt/Equity 0.32

P/E ratio 0.00

Fwd P/E —

P/S ratio 0.03

P/B ratio 0.10

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth —

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 1.58%

10-year low 10-year high

P/B against its own 10 years 12.39%

10-year low 10-year high

EV/Sales against its own 10 years 1.34%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2	3	1	1
Receivables	1	1	1	2
Inventory	0	3	2	3
Other	—	—	—	—
	3	8	5	7

	2023	2024	2025	Q'26
Payables	6	6	8	10
ST’ Debt	2	1	4	5
Other	—	—	—	—
	40	21	23	30

Compound Annual Growth %

	10y	5y	3y
Sales	71.34%	481.79%	11.15%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	55.35%	0.00%	19.14%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	16	16	—	—	—
’25	7	11	13	16	47
’24	9	8	9	8	33
’23	9	9	8	9	36
’22	10	11	7	6	34
’21	0	0	0	8	8
’20	—	—	0	0	0

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	0	—	—	—
’25	(4)	1	(3)	0	(6)
’24	(3)	(11)	(1)	(2)	(17)
’23	0	1	(4)	1	(2)
’22	0	1	(3)	(1)	(3)
’21	0	0	0	(2)	(2)
’20	0	0	0	0	(1)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	0	—	—	—
’25	(4)	1	(4)	(1)	(8)
’24	(3)	(13)	(8)	(8)	(33)
’23	(1)	1	(4)	1	(4)
’22	(1)	(1)	(4)	(3)	(9)
’21	0	0	0	(2)	(3)
’20	0	0	0	0	(1)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.81)	(3.91)	—	—	—
’25	(17.85)	(8.98)	(8.89)	(7.16)	(41.21)
’24	(6.40k)	(926.37)	(28.57)	6.03k	(930.77)
’23	(5.90k)	(3.28k)	(28.70k)	(4.22k)	(42.15k)
’22	(25.42k)	(69.38k)	(70.53k)	23.61k	(87.39k)
’21	(91.86k)	49.70k	(1.83k)	(17.73k)	(3.27k)
’20	(447.31k)	(0.06)	0.00	(51.86k)	(51.86k)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	1,881,000.00	574,200.00	227,700.00	14,850.00	4,950.00	29,700.00	12,886.50	6,451.50	31.35	4.25	Analyst estimates 2026–2028 Powerpack
	High	8,266,500.00	5,841,000.00	5,791,500.00	490,050.00	44,550.00	435,600.00	242,550.00	25,410.00	16,995.00	89.10
People
People	Employees	33	7	10	2	3	89	143	131	180	172
	Revenue/emp, $m	0.02	0.05	0.00	0.01	0.00	0.09	0.24	0.27	0.19	0.27
Income, $m
Income, $m	Revenue	1	0	0	0	0	8	34	36	33	47
	Gross margin, %	74.29	99.81	94.90	85.23	81.43	35.31	36.61	40.61	38.99	25.45
	EBT	(18)	(44)	(16)	(34)	(15)	(2)	(35)	(27)	(24)	(22)
	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)
	Net income	(18)	(44)	(16)	(34)	(15)	(2)	(35)	(27)	(24)	(22)
	Depreciation	2	1	2	5	5	11	41	16	13	12
Per share, $
Per share, $	Revenue	0.01	0.00	0.00	0.00	23.33	26,993.33	84,946.00	44,585.00	309.05	78.24
	Earnings	(0.34)	(0.46)	(0.10)	(367,864.10)	(149,166.80)	(5,522.07)	(81,085.60)	(42,151.88)	(930.77)	(41.25)
	Cash flow	(0.12)	(0.08)	(0.04)	0.00	(3,459.33)	(8,290.67)	(6,523.00)	(2,291.62)	(160.06)	(10.02)
	Capex	0.00	0.00	0.00	0.00	0.00	(729.00)	(14,840.00)	(2,201.12)	(147.70)	(3.47)
	Free cash flow	(0.12)	(0.08)	(0.04)	0.00	(3,459.33)	(9,019.67)	(21,363.00)	(4,492.75)	(307.76)	(13.49)
	Book value	(0.02)	(0.12)	(0.04)	(0.06)	(125,779.67)	(77,827.00)	38,344.00	(5,567.62)	342.81	43.49
	Shares, m	53	97	156	577	0	0	0	0	0	1
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	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	0.22	0.25	0.07
	P/B	0.00	0.00	0.00	0.00	0.00	0.00	0.39	0.00	0.23	0.12
	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	0.53	0.32	0.25
	EV/FCF	(44,377,170.36)	(58,545,035.68)	(7,080,942.98)	(7,919,148.84)	(11.85)	(24.73)	(1.46)	(5.25)	(0.32)	(1.46)
Cash, $m
Cash, $m	Operating cash flow	(6)	(8)	(6)	(2)	(1)	(2)	(3)	(2)	(17)	(6)
	Capex	0	0	0	—	—	0	(6)	(2)	(16)	(2)
	Free cash flow	(6)	(8)	(6)	(2)	(1)	(3)	(9)	(4)	(33)	(8)
Balance, $m
Balance, $m	Working capital	(1)	(13)	(7)	(37)	(38)	(56)	(18)	(38)	(13)	(18)
	Total debt	0	1	2	0	3	0	7	12	5	10
	Net debt	0	0	2	0	3	(3)	7	11	2	9
	Shareholders’ equity	(1)	(11)	(7)	(37)	(38)	(23)	15	(4)	37	26
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)
	ROIC	0.00	0.00	0.00	0.00	0.00	0.00	(31.12)	(188.45)	(54.39)	(35.86)
	ROE	4,632.61	711.89	175.89	504.58	299.25	(9.09)	1,594.39	(617.40)	(618.12)	(78.22)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$58.3M	0.3×	—	−0.77% (below 0%: shrinking)	n/m	+90.37% (above 0%: growing)	19.99%	(109.53%)	Compare
AMBIQ Ambipar Emergency Response	$29.9M	— (loss-making)	—	—	−86.74% (below 0%: shrinking)	+296.67% (above 0%: growing)	19.05%	17.12%	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.	$25.1M	— (loss-making)	— (loss-making)	+7.61% (above 0%: growing)	n/m	+16.13% (above 0%: growing)	16.28%	(15.55%)	Compare
AWX Avalon Holdings Corporation	$9.8M	8.1×	8.3×	+3.19% (above 0%: growing)	+228.57% (above 0%: growing)	−13.53% (below 0%: shrinking)	23.39%	6.50%	Compare
GWAV Greenwave Technology Solutions, Inc.	$7.3M	— (loss-making)	—	+45.47% (above 0%: growing)	n/m	−156.09% (below 0%: shrinking)	37.88%	(17.80%)
AQMS Aqua Metals, Inc.	$6.0M	65.9×	— (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	$3.3M	—	—	—	—	+67.03% (above 0%: growing)	—	—	Compare
DXST Decent Holding Inc.	$3.1M	—	—	—	—	−1,205.75% (below 0%: shrinking)	—	—	Compare
Median of peers	$17.4M	8.1×	—	+7.61%	—	+41.58%	17.67%	(7.77%)

All 20 Waste Management stocks →

Greenwave Technology Solutions, Inc. (GWAV) key facts

Strength: Greenwave Technology Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $46.7 million, up 40.1% from fiscal 2024.
Greenwave Technology Solutions, Inc. (GWAV) is a Waste Management company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, GWAV traded at $2.50, a market capitalization of $7.3 million.
Return on equity was −78.2% and debt-to-equity 0.32.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −13.89 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.