Greenwave Technology Solutions, Inc.

NasdaqCM:GWAV Stock Report

Market Cap: US$2.8m

Greenwave Technology Solutions Past Earnings Performance

Past criteria checks 0/6

Greenwave Technology Solutions's earnings have been declining at an average annual rate of -11.7%, while the Commercial Services industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 35.1% per year.

Key information

-11.67%

Earnings growth rate

94.88%

EPS growth rate

Commercial Services Industry Growth8.53%
Revenue growth rate35.13%
Return on equity-101.74%
Net Margin-91.81%
Last Earnings Update30 Sep 2025

Recent past performance updates

Recent updates

Analysis Article • Feb 17

A Piece Of The Puzzle Missing From Greenwave Technology Solutions, Inc.'s (NASDAQ:GWAV) Share Price

Greenwave Technology Solutions, Inc.'s ( NASDAQ:GWAV ) price-to-sales (or "P/S") ratio of 0.2x might make it look like...
Analysis Article • Aug 15

Take Care Before Jumping Onto Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Even Though It's 71% Cheaper

To the annoyance of some shareholders, Greenwave Technology Solutions, Inc. ( NASDAQ:GWAV ) shares are down a...
Analysis Article • Mar 07

Market Cool On Greenwave Technology Solutions, Inc.'s (NASDAQ:GWAV) Revenues Pushing Shares 40% Lower

The Greenwave Technology Solutions, Inc. ( NASDAQ:GWAV ) share price has softened a substantial 40% over the previous...
Analysis Article • Jul 17

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Could Be Riskier Than It Looks

You may think that with a price-to-sales (or "P/S") ratio of 0.3x Greenwave Technology Solutions, Inc. ( NASDAQ:GWAV...
Seeking Alpha • Sep 19

Greenwave Technology appoints Ashley Sickles as CFO

Greenwave Technology Solutions (NASDAQ:GWAV) has announced that it has appointed Ashley Sickles as its CFO. Mrs. Sickles previously served as Director of Finance for JAWS, a leading regional restaurant operator and franchisor with multiple locations, from June 2017 to August 2022. Greenwave generated record revenues of $10.7M during the quarter ending June 30, 2022, an increase of 56% from the $6.88M in revenue Empire Services generated in the same period in 2021. Further, the Co. generated positive cashflows from operating activities of $0.57M for the six months ending June 30, 2022. GWAV shares are currently -16.02% to $2.15.
Seeking Alpha • Aug 25

Greenwave Technology to withdraw registration statement on Form S-3

Greenwave Technology Solutions (NASDAQ:GWAV) an operator of 11 metal recycling facilities in Virginia and North Carolina, has announced its plans to withdraw its Registration Statement on Form S-3. The Co. has generated record revenues of $10.7M in Q2, an increase of 56% from the $6.88M in revenue Empire Services generated in the same period in 2021. Also, the senior secured convertible notes in the principal amount of $37.7M together with accrued interest of $1.47M was converted into shares of common stock at a conversion price of $6.02/share. "Fundamentally, the Company has the strongest balance sheet in its history and we believe the infrastructure improvements set to come online over the coming months will help us grow our revenues and profit margins significantly. We look forward to reporting back on our progress.” said Danny Meeks, CEO. GWAV shares +7.59% premarket to $3.40. Source: Press Release

Revenue & Expenses Breakdown

How Greenwave Technology Solutions makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqCM:GWAV Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2539-36180
30 Jun 2535-36180
31 Mar 2532-75220
31 Dec 2433-100220
30 Sep 2434-86190
30 Jun 2434-105190
31 Mar 2435-63150
31 Dec 2336-34150
30 Sep 2333-37160
30 Jun 2332-51150
31 Mar 2333-63150
31 Dec 2234-64130
30 Sep 2236-30130
30 Jun 2229790
31 Mar 22184570
31 Dec 218340
30 Sep 210720
30 Jun 2107220
31 Mar 210-3210
31 Dec 200-11210
30 Sep 200-15810
30 Jun 200-31010
31 Mar 200-23610
31 Dec 190-11020
30 Sep 190-9840
30 Jun 190-1570
31 Mar 190-1280
31 Dec 180-16120
30 Sep 180-31130
30 Jun 180-34160
31 Mar 180-42260
31 Dec 170-44280
30 Sep 170-36320
30 Jun 170-32260
31 Mar 171-23170
31 Dec 161-18120
30 Sep 161-1370
30 Jun 161-1170
31 Mar 160-1160
31 Dec 150-850
30 Sep 150-530
30 Jun 150-420

Quality Earnings: GWAV is currently unprofitable.

Growing Profit Margin: GWAV is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GWAV is unprofitable, and losses have increased over the past 5 years at a rate of 11.7% per year.

Accelerating Growth: Unable to compare GWAV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GWAV is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (7.1%).

Return on Equity

High ROE: GWAV has a negative Return on Equity (-101.74%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 08:11
End of Day Share Price 2026/05/20 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Greenwave Technology Solutions, Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James McIlreeChardan Capital Markets, LLC