This page shows GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2024 shows a balance-sheet reset masking a still cash-consuming operating model funded more by capital raising than by operations.
Net loss narrowed to-$23.9M even as operating cash burn deepened to-$17.3M , because a lower interest burden offset a weaker core cost structure. That combination, alongside liabilities dropping to$26.1M from$50.9M , says the year was more of a capital-structure repair than an operating turnaround.
The weakest signal is earnings quality: gross margin stayed near
The balance sheet improved in one sense and remained strained in another: debt to equity finished at 0.1x with positive equity, but the current ratio was only 0.4x. A financing inflow of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of GREENWAVE TECHNOLOGY SOLUTIONS INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
GREENWAVE TECHNOLOGY SOLUTIONS INC scores -13.91, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.4M) relative to total liabilities ($29.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
GREENWAVE TECHNOLOGY SOLUTIONS INC passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, GREENWAVE TECHNOLOGY SOLUTIONS INC generates $0.28 in operating cash flow (-$6.0M OCF vs -$21.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
GREENWAVE TECHNOLOGY SOLUTIONS INC earns $-7.0 in operating income for every $1 of interest expense (-$19.8M vs $2.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
GREENWAVE TECHNOLOGY SOLUTIONS INC generated $46.7M in revenue in fiscal year 2025. This represents an increase of 40.1% from the prior year.
GREENWAVE TECHNOLOGY SOLUTIONS INC's EBITDA was -$11.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 58.6% from the prior year.
GREENWAVE TECHNOLOGY SOLUTIONS INC reported -$21.6M in net income in fiscal year 2025. This represents an increase of 9.7% from the prior year.
GREENWAVE TECHNOLOGY SOLUTIONS INC earned $-41.21 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
GREENWAVE TECHNOLOGY SOLUTIONS INC held $936K in cash against $5.8M in long-term debt as of fiscal year 2025.
GREENWAVE TECHNOLOGY SOLUTIONS INC had 829,631 shares outstanding in fiscal year 2025.
Margins & Returns
GREENWAVE TECHNOLOGY SOLUTIONS INC's gross margin was 25.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 13.5 percentage points from the prior year.
GREENWAVE TECHNOLOGY SOLUTIONS INC's operating margin was -42.5% in fiscal year 2025, reflecting core business profitability. This is up 60.4 percentage points from the prior year.
GREENWAVE TECHNOLOGY SOLUTIONS INC's net profit margin was -46.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 25.5 percentage points from the prior year.
GREENWAVE TECHNOLOGY SOLUTIONS INC's ROE was -83.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 18.6 percentage points from the prior year.
Capital Allocation
GWAV Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.7M+23.5% | $12.7M+15.3% | $11.0M+49.9% | $7.3M-12.9% | $8.4M-1.0% | $8.5M+7.9% | $7.9M-7.3% | $8.5M |
| Cost of Revenue | $12.9M+40.3% | $9.2M+3.3% | $8.9M+130.9% | $3.8M-15.0% | $4.5M-8.7% | $5.0M-11.4% | $5.6M+6.8% | $5.2M |
| Gross Profit | $2.8M-20.6% | $3.5M+65.5% | $2.1M-39.4% | $3.5M-10.5% | $3.9M+9.9% | $3.5M+55.2% | $2.3M-30.0% | $3.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $3.6M+17.6% | $3.1M+21.2% | $2.6M+29.5% | $2.0M-19.9% | $2.5M+8.4% | $2.3M+33.3% | $1.7M-1.9% | $1.7M |
| Operating Income | -$6.4M-29.5% | -$4.9M-5.7% | -$4.7M-19.8% | -$3.9M+78.5% | -$18.1M-306.9% | -$4.4M+50.5% | -$9.0M-218.7% | -$2.8M |
| Interest Expense | $366K+12.2% | $326K-75.6% | $1.3M+64.8% | $811K+160.3% | $311K-13.7% | $361K-85.5% | $2.5M+13.8% | $2.2M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$6.7M-27.6% | -$5.3M-7.3% | -$4.9M-5.4% | -$4.7M+74.6% | -$18.4M-283.1% | -$4.8M-165.5% | $7.3M+190.8% | -$8.1M |
| EPS (Diluted) | N/A | $-8.89+1.0% | $-8.98 | $-17.85 | N/A | $-28.74 | $-921.46 | $-26472.13 |
GWAV Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $55.2M-7.8% | $59.9M-6.7% | $64.1M-5.0% | $67.5M+7.0% | $63.1M-9.3% | $69.6M-6.8% | $74.6M+64.7% | $45.3M |
| Current Assets | $4.8M-31.4% | $7.0M-29.6% | $10.0M-21.0% | $12.6M+65.2% | $7.6M-61.3% | $19.8M-26.8% | $27.0M+1116.2% | $2.2M |
| Cash & Equivalents | $936K-35.5% | $1.5M-72.6% | $5.3M-3.8% | $5.5M+113.5% | $2.6M-83.0% | $15.2M-37.5% | $24.3M+3307.5% | $713K |
| Inventory | $2.2M-19.3% | $2.8M+144.0% | $1.1M-75.0% | $4.6M+57.6% | $2.9M+34.7% | $2.1M+91.0% | $1.1M-75.3% | $4.6M |
| Accounts Receivable | $1.1M-40.2% | $1.9M-15.6% | $2.2M-2.8% | $2.3M+81.6% | $1.3M-33.8% | $1.9M+133.9% | $810K-14.1% | $943K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $29.2M+7.6% | $27.2M+3.8% | $26.2M+0.7% | $26.0M-0.6% | $26.1M+42.8% | $18.3M-1.3% | $18.5M-53.3% | $39.7M |
| Current Liabilities | $23.2M+11.7% | $20.7M+6.3% | $19.5M-2.9% | $20.1M-4.7% | $21.1M+62.3% | $13.0M+1.1% | $12.9M-43.3% | $22.7M |
| Long-Term Debt | $5.8M-5.2% | $6.2M-2.5% | $6.3M+21.9% | $5.2M+21.6% | $4.3M-4.6% | $4.5M-6.8% | $4.8M-63.2% | $13.0M |
| Total Equity | $25.9M-20.6% | $32.7M-13.9% | $38.0M-8.6% | $41.5M+12.4% | $37.0M-27.9% | $51.3M-8.6% | $56.1M+899.2% | $5.6M |
| Retained Earnings | -$520.9M-1.3% | -$514.2M-1.0% | -$508.9M-1.0% | -$504.0M-1.5% | -$496.3M-3.8% | -$477.9M-1.0% | -$473.1M-10.2% | -$429.3M |
GWAV Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$115K+96.1% | -$2.9M-337.9% | $1.2M+129.6% | -$4.2M-66.5% | -$2.5M-272.3% | -$671K+93.7% | -$10.6M-207.0% | -$3.5M |
| Capital Expenditures | N/A | N/A | $571K+171.3% | $211K | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | $660K+115.1% | -$4.4M | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $136K+130.9% | -$441K+22.8% | -$571K-876.3% | -$59K+99.0% | -$5.6M+27.4% | -$7.7M | N/A | N/A |
| Financing Cash Flow | -$535K-13.8% | -$470K+45.9% | -$870K-112.2% | $7.1M+258.6% | -$4.5M-552.7% | -$690K-101.9% | $36.8M+1299.4% | $2.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GWAV Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.7%-9.9pp | 27.6%+8.4pp | 19.2%-28.3pp | 47.5%+1.3pp | 46.3%+4.6pp | 41.7%+12.7pp | 29.0%-9.4pp | 38.4% |
| Operating Margin | -40.7%-1.9pp | -38.8%+3.5pp | -42.3%+10.6pp | -52.9%+161.4pp | -214.3%-162.1pp | -52.2%+61.5pp | -113.7%-80.6pp | -33.1% |
| Net Margin | -43.0%-1.4pp | -41.6%+3.1pp | -44.7%+18.9pp | -63.6%+154.6pp | -218.2%-161.8pp | -56.4%-149.3pp | 92.9%+187.7pp | -94.8% |
| Return on Equity | -26.0%-9.8pp | -16.2%-3.2pp | -13.0%-1.7pp | -11.2%+38.5pp | -49.7%-40.4pp | -9.4%-22.4pp | 13.1%+156.7pp | -143.7% |
| Return on Assets | -12.2%-3.4pp | -8.8%-1.1pp | -7.7%-0.8pp | -6.9%+22.2pp | -29.1%-22.2pp | -6.9%-16.7pp | 9.8%+27.6pp | -17.8% |
| Current Ratio | 0.21-0.1 | 0.34-0.2 | 0.51-0.1 | 0.63+0.3 | 0.36-1.2 | 1.52-0.6 | 2.10+2.0 | 0.10 |
| Debt-to-Equity | 0.23+0.0 | 0.19+0.0 | 0.17+0.0 | 0.120.0 | 0.12+0.0 | 0.090.0 | 0.09-2.2 | 2.33 |
| FCF Margin | N/A | N/A | 6.0%+65.6pp | -59.6% | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.21), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is GREENWAVE TECHNOLOGY SOLUTIONS INC's annual revenue?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) reported $46.7M in total revenue for fiscal year 2025. This represents a 40.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is GREENWAVE TECHNOLOGY SOLUTIONS INC's revenue growing?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) revenue grew by 40.1% year-over-year, from $33.3M to $46.7M in fiscal year 2025.
Is GREENWAVE TECHNOLOGY SOLUTIONS INC profitable?
No, GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) reported a net income of -$21.6M in fiscal year 2025, with a net profit margin of -46.3%.
What is GREENWAVE TECHNOLOGY SOLUTIONS INC's EBITDA?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) had EBITDA of -$11.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does GREENWAVE TECHNOLOGY SOLUTIONS INC have?
As of fiscal year 2025, GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) had $936K in cash and equivalents against $5.8M in long-term debt.
What is GREENWAVE TECHNOLOGY SOLUTIONS INC's gross margin?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) had a gross margin of 25.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is GREENWAVE TECHNOLOGY SOLUTIONS INC's operating margin?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) had an operating margin of -42.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is GREENWAVE TECHNOLOGY SOLUTIONS INC's net profit margin?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) had a net profit margin of -46.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is GREENWAVE TECHNOLOGY SOLUTIONS INC's return on equity (ROE)?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) has a return on equity of -83.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is GREENWAVE TECHNOLOGY SOLUTIONS INC's operating cash flow?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) generated -$6.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are GREENWAVE TECHNOLOGY SOLUTIONS INC's total assets?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) had $55.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What is GREENWAVE TECHNOLOGY SOLUTIONS INC's current ratio?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) had a current ratio of 0.21 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is GREENWAVE TECHNOLOGY SOLUTIONS INC's debt-to-equity ratio?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) had a debt-to-equity ratio of 0.23 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is GREENWAVE TECHNOLOGY SOLUTIONS INC's return on assets (ROA)?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) had a return on assets of -39.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is GREENWAVE TECHNOLOGY SOLUTIONS INC's cash runway?
Based on fiscal year 2025 data, GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) had $936K in cash against an annual operating cash burn of $6.0M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is GREENWAVE TECHNOLOGY SOLUTIONS INC's Altman Z-Score?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) has an Altman Z-Score of -13.91, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is GREENWAVE TECHNOLOGY SOLUTIONS INC's Piotroski F-Score?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are GREENWAVE TECHNOLOGY SOLUTIONS INC's earnings high quality?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) has an earnings quality ratio of 0.28x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can GREENWAVE TECHNOLOGY SOLUTIONS INC cover its interest payments?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) has an interest coverage ratio of -7.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is GREENWAVE TECHNOLOGY SOLUTIONS INC?
GREENWAVE TECHNOLOGY SOLUTIONS INC (GWAV) scores 18 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.