Greenwave Technology Solutions, Inc.GWAVEarnings & Financial Report
Nasdaq · Wholesale-Metals Service Centers & of fices
Revenue
$8.5M
Gross Profit
$3.5M
Operating Profit
$-4.4M
Net Profit
$-4.8M
Gross Margin
41.7%
Operating Margin
-52.2%
Net Margin
-56.4%
YoY Growth
4.0%
EPS
$-28.74
Greenwave Technology Solutions, Inc. Q3 FY2024 Financial Summary
Greenwave Technology Solutions, Inc. reported revenue of $8.5M (up 4.0% YoY) for Q3 FY2024, with a net profit of $-4.8M (up 70.9% YoY) (-56.4% margin). Cost of goods sold was $5.0M, operating expenses totaled $8.0M.
Key Financial Metrics
| Total Revenue | $8.5M |
|---|---|
| Net Profit | $-4.8M |
| Gross Margin | 41.7% |
| Operating Margin | -52.2% |
| Report Period | Q3 FY2024 |
Greenwave Technology Solutions, Inc. Annual Revenue by Year
Greenwave Technology Solutions, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $33.3M).
| Year | Annual Revenue |
|---|---|
| 2024 | $33.3M |
| 2023 | $35.7M |
| 2022 | $34.0M |
Greenwave Technology Solutions, Inc. Quarterly Revenue & Net Profit History
Greenwave Technology Solutions, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $12.7M | +49.0% | $-5.3M | -41.6% |
| Q2 FY2025 | $11.0M | +39.5% | $-4.9M | -44.7% |
| Q1 FY2025 | $7.3M | -13.8% | $-4.7M | -63.6% |
| Q4 FY2024 | $8.4M | -6.7% | $-18.4M | -218.2% |
| Q3 FY2024 | $8.5M | +4.0% | $-4.8M | -56.4% |
| Q2 FY2024 | $7.9M | -16.3% | $7.3M | 92.9% |
| Q1 FY2024 | $8.5M | -6.0% | $-8.1M | -94.8% |
| Q4 FY2023 | $9.0M | +50.3% | $-4.2M | -46.0% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.0M | $8.5M | $7.9M | $8.5M | $8.4M | $7.3M | $11.0M | $12.7M |
| YoY Growth | 50.3% | -6.0% | -16.3% | 4.0% | -6.7% | -13.8% | 39.5% | 49.0% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $46.4M | $45.3M | $74.6M | $69.6M | $63.1M | $67.5M | $64.1M | $59.9M |
| Liabilities | $50.9M | $39.7M | $18.5M | $18.3M | $26.1M | $26.0M | $26.2M | $27.2M |
| Equity | $-4.5M | $5.6M | $56.1M | $51.3M | $37.0M | $41.5M | $38.0M | $32.7M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $753690 | $-3.5M | $-10.6M | $-671224 | $-2.5M | $-4.2M | $1.2M | $-2.9M |