GWAV Greenwave Technology Solutions, Inc.

Overview and Growth

Fiscal 2025 results for Greenwave Technology Solutions, Inc. combined $46.66M of revenue with net loss of $21.60M and an operating cash outflow of $5.98M. At $46.66M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $33.32M in fiscal 2024, revenue recorded a 40.1% year-over-year increase. Diluted earnings per share were -$41.21, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted shares averaged 596.35K; this is the reported share base over which the company’s diluted per-share earnings were spread. The diluted share count was 453.4% higher than fiscal 2024, when diluted shares averaged 107.76K, adding context to the EPS comparison. The company employed $55.17M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.85x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $11.87M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 25.4% of revenue, quantifying the portion retained before operating expenses were recognized. The company recorded an operating loss of $19.82M after the reported operating expense base. An operating margin of -42.5% reflected costs exceeding revenue-level gross profit by 42.5% of sales. After all below-operating-line items, the company recorded a net loss of $21.60M for the fiscal year. Net margin was -46.3%, reflecting a loss equal to 46.3% of reported revenue. EBITDA was negative $11.16M, showing a deficit before interest, taxes, depreciation, and amortization. The pretax result was a loss of $21.60M, establishing the deficit before tax effects. The pretax loss equaled 46.3% of revenue, measuring the pre-tax deficit against sales. Relative to period-end equity, the net loss represented 83.3%. The loss-to-assets relationship was 39.1%, placing the bottom-line deficit against the company’s resource base. Compared with a $23.92M net loss in fiscal 2024, the current loss improved to $21.60M.

Liquidity and Capital Structure

At period end, the $55.17M asset base was financed through $29.23M of liabilities and $25.94M of equity. The near-term balance sheet paired $4.82M of current assets with $23.16M of current liabilities at the reporting date. The current ratio was 0.21x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Total debt was $13.03M, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 0.5x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 23.6%, comparing borrowing with the total asset balance. Book equity represented 47.0% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 53.0%, complementing the separate equity-based view of the company’s capital structure. The asset base changed 12.6% from $63.09M in fiscal 2024, leaving current total assets lower year over year. Book equity was 29.8% lower than fiscal 2024 equity of $36.95M, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $5.98M, rather than cash generation from operations. Compared with a $17.25M operating cash outflow in fiscal 2024, the current outflow improved to $5.98M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.