GWAV Nasdaq Wholesale-Metals Service Centers & Of Fices Financials FY2016βFY2025
Greenwave Technology Solutions, Inc. had $46.7M of revenue in fiscal 2025, up 40.1% on the year before. Over five years, revenue changed +481.8% a year on average.
Last close Β· Oct 23, 2026
$2.29
4.4%Hi! I read Greenwave Technology Solutions, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+40.1%
Yes. Sales grew 40.1% last year.
Does it make a profit?
β46.3%
No. It lost money last year.
How healthy are the accounts?
2 / 9
Weak. It passes 2 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Greenwave Technology Solutions, Inc. had $46.7M of revenue in fiscal 2025, up 40.1% on the year before. Over five years, revenue changed +481.8% a year on average. Its operating margin was β42.5%, up 60.4Β pts: of every 100 in sales, about β42 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Greenwave Technology Solutions, Inc. lost $21.6M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $8.0M of shares on the open market and sold none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$8.0M
1 insider
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Danny MeeksChief Executive Officer, Director, 10% owner | Bought | 2,152,853 | $3.72 | $8.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Greenwave Technology Solutions, Inc. owes $12.1M more than it holds in cash.
Cash, debt and the ratios that show how comfortably Greenwave Technology Solutions, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $3.0M | $0.8M | $1.5M | $2.6M | $0.9M |
| Debt incl. finance leases | $0.3M | $7.0M | $26.1M | $14.5M | $13.0M |
| Debt / equity | β | 0.5x | β | 0.4x | 0.5x |
| Interest coverage | β0.3x | β0.3x | β2.2x | β6.4x | β7.0x |
| Current ratio | 0.1x | 0.1x | 0.1x | 0.4x | 0.2x |
| Quick ratio | 0.0x | 0.1x | 0.1x | 0.2x | 0.1x |
| Total assets | $38.2M | $41.5M | $46.4M | $63.1M | $55.2M |
| Total liabilities | $61.5M | $26.1M | $50.9M | $26.1M | $29.2M |
| Shareholders' equity | β$23.3M | $15.3M | β$4.5M | $37.0M | $25.9M |
| Net debt (β = net cash) | β$2.7M | $6.2M | $24.5M | $11.9M | $12.1M |
KIRA Β· Its return on capital was β41.2%: every 100 invested in the business earned about β41 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Greenwave Technology Solutions, Inc. passes 2 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 6 | 1 / 8 | 2 / 7 | 4 / 7 | 3 / 8 | 5 / 9 | 5 / 9 | 4 / 9 | 2 / 9 |
| Accruals ratio | β1,637.3% | β2,207.2% | β610.4% | β11,349.8% | β26,888.3% | 4.5% | β81.4% | β57.1% | β12.2% | β26.4% |
| Altman Z'' | β273.58 | β223.43 | β712.49 | β284,835.19 | β12,541.36 | β36.04 | β32.44 | β36.07 | β29.21 | β34.44 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | β | $0.3M | $0.0M | $0.0M | $0.0M | $8.1M | $34.0M | $35.7M | $33.3M | $46.7M |
| Gross profit | β | $0.3M | $0.0M | β | $0.0M | $2.9M | $12.4M | $14.5M | $13.0M | $11.9M |
| Operating income | β$13.6M | β$36.8M | β$13.9M | β$3.4M | β$1.2M | β$2.9M | β$10.9M | β$19.5M | β$34.3M | β$19.8M |
| Interest expense | $3.8M | $0.7M | $2.0M | $4.9M | $5.1M | $10.6M | $34.1M | $8.9M | $5.4M | $2.8M |
| Pretax income | β$18.0M | β$44.4M | β$16.0M | β$34.3M | β$14.7M | β$1.6M | β$35.0M | β$26.9M | β$23.9M | β$21.6M |
| Income tax | β | β | β | β | β | β | β | $0.0M | $0.0M | β |
| Net income | β$18.0M | β$44.4M | β$16.0M | β$34.3M | β$14.7M | β$1.6M | β$35.0M | β$26.9M | β$23.9M | β$21.6M |
| Net income to common | β | β | β$16.0M | β$110M | β$112M | $2.8M | β$63.9M | β$33.6M | β$100M | β$24.6M |
| Diluted EPS | β$0.34 | β$0.46 | β$0.10 | β$0.19 | β$23.99 | $0.36 | β$9.71 | β$385.81 | β$601.70 | β$41.21 |
| Diluted shares | 0.05B | 0.10B | 0.16B | 0.58B | 0.00B | 0.01B | 0.01B | 0.00B | 0.00B | 0.00B |
| Cash flow | ||||||||||
| Cash from operations | β$6.2M | β$8.0M | β$6.4M | β$1.8M | β$1.0M | β$2.5M | β$2.6M | β$1.8M | β$17.3M | β$6.0M |
| Capital expenditure | β | β | $0.0M | β | β | $0.2M | $5.9M | $1.8M | β | β |
| Free cash flow | β | β | β$6.4M | β | β | β$2.7M | β$8.5M | β$3.6M | β | β |
| Depreciation and amortization | $0.0M | $0.4M | $0.4M | $0.0M | $0.0M | $0.9M | $3.8M | $5.8M | $7.3M | $8.7M |
| Stock-based compensation | $7.4M | $22.1M | $5.7M | $0.2M | $0.0M | $0.2M | $0.0M | $0.0M | $0.8M | $0.1M |
| Acquisitions | β | $0.0M | β | β | β | β | β | β | β | β |
| Dividends paid | β | β | β | $28.9M | β | β | β | β | β | β |
| Dividends and buybacks | β | β | β | $28.9M | β | β | β | β | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.4M | $1.2M | $0.0M | $0.0M | $0.0M | $3.0M | $0.8M | $1.5M | $2.6M | $0.9M |
| Total debt | β | β | β | β | β | $0.3M | $7.0M | $26.1M | $14.5M | $13.0M |
| Current assets | $0.4M | $1.2M | $0.0M | $0.0M | $0.1M | $3.3M | $1.2M | $2.7M | $7.6M | $4.8M |
| Current liabilities | $1.7M | $13.9M | $7.4M | $36.9M | $37.7M | $59.5M | $19.0M | $40.5M | $21.1M | $23.2M |
| Inventory | β | β | β | β | β | $0.4M | $0.2M | $0.2M | $2.9M | $2.2M |
| Property and equipment, net | $0.1M | $0.1M | $0.0M | β | β | $2.9M | $13.2M | $23.5M | $37.4M | $35.8M |
| Goodwill | $0.0M | β | β | β | β | $2.5M | β | β | β | β |
| Intangible assets | β | β | β | β | β | $2.9M | $22.9M | $19.9M | $16.9M | $14.0M |
| Total assets | $0.7M | $2.6M | $0.6M | $0.0M | $0.1M | $38.2M | $41.5M | $46.4M | $63.1M | $55.2M |
| Total liabilities | $1.8M | $13.9M | $7.4M | $36.9M | $37.8M | $61.5M | $26.1M | $50.9M | $26.1M | $29.2M |
| Shareholders' equity | β$1.1M | β$11.4M | β$6.8M | β$36.9M | β$37.7M | β$23.3M | $15.3M | β$4.5M | $37.0M | $25.9M |
| Margins | ||||||||||
| Gross margin | β | 99.8% | 94.9% | β | 81.4% | 35.3% | 36.6% | 40.6% | 39.0% | 25.4% |
| Operating margin | β | β11,530.1% | β70,839.3% | β14,537.6% | β16,574.3% | β36.2% | β32.0% | β54.7% | β102.8% | β42.5% |
| EBITDA margin | β | β11,399.7% | β68,578.6% | β14,346.4% | β16,574.3% | β25.2% | β20.7% | β38.4% | β80.8% | β23.9% |
| Net margin | β | β13,906.5% | β81,716.3% | β144,594.5% | β210,150.0% | β20.2% | β103.1% | β75.5% | β71.8% | β46.3% |
| FCF margin | β | β | β32,795.4% | β | β | β33.4% | β25.1% | β10.1% | β | β |
| Returns | ||||||||||
| Return on capital | β | β | β | β | β | β | β40.0% | β76.7% | β55.4% | β41.2% |
| Return on capital employed | 1,378.0% | 323.5% | 203.1% | 9.3% | 3.1% | 13.7% | β48.5% | β329.4% | β81.6% | β61.9% |
| Return on equity | β | β | β | β | β | β | β | β495.0% | β147.2% | β68.7% |
| Return on assets | β2,491.7% | β2,692.2% | β1,019.1% | β11,977.9% | β28,929.2% | β8.5% | β88.0% | β61.3% | β43.7% | β36.5% |
| Return on tangible equity | β | β | β | β | β | β | β | β | β501.7% | β205.6% |
| Growth | ||||||||||
| Revenue growth | β | β | β93.9% | 20.9% | β70.5% | 115,585.7% | 319.6% | 5.0% | β6.6% | 40.1% |
| EPS growth | β | β | β | β | β | β | β2,797.2% | β | β | β |
| Share count change | β | 82.9% | 60.4% | 270.0% | β99.2% | 76.2% | β19.8% | β98.7% | 23.8% | 453.2% |
| Financial health | ||||||||||
| Debt / equity | β | β | β | β | β | β | 0.5x | β | 0.4x | 0.5x |
| Interest coverage | β3.5x | β55.8x | β7.0x | β0.7x | β0.2x | β0.3x | β0.3x | β2.2x | β6.4x | β7.0x |
| Current ratio | 0.2x | 0.1x | 0.0x | 0.0x | 0.0x | 0.1x | 0.1x | 0.1x | 0.4x | 0.2x |
| Quick ratio | 0.2x | 0.1x | 0.0x | 0.0x | 0.0x | 0.0x | 0.1x | 0.1x | 0.2x | 0.1x |
| Capital allocation | ||||||||||
| Capex / revenue | β | β | 20.4% | β | β | 2.7% | 17.5% | 4.9% | β | β |
| Stock comp / revenue | β | 6,926.0% | 28,849.0% | 939.7% | 0.0% | 2.1% | 0.0% | 0.0% | 2.5% | 0.2% |
| Quality scores | ||||||||||
| Piotroski F-score | β | β | 1.0 | 2.0 | 4.0 | 3.0 | 5.0 | 5.0 | 4.0 | 2.0 |
| Altman Z'' | β273.6 | β223.4 | β712.5 | β284,835.2 | β12,541.4 | β36.0 | β32.4 | β36.1 | β29.2 | β34.4 |
| Accruals ratio | β1,637.3% | β2,207.2% | β610.4% | β11,349.8% | β26,888.3% | 4.5% | β81.4% | β57.1% | β12.2% | β26.4% |
Source: SEC EDGAR XBRL filings (CIK 0001589149). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
