Filing Flows › Greenwave Technology Solutions (GWAV) › Q1 2025
Greenwave Technology Solutions (GWAV) Q1 2025 earnings results (first quarter 2025)
10-Q filed Nov 19, 2025
Greenwave Technology Solutions (GWAV) reported revenue of $7.3M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -13% from the quarter before. Operating margin was -52.9%, net loss $4.7M (63.6% of revenue).
Greenwave Technology Solutions, Q1 2025: revenue $7.3M (-14% year over year), operating margin -52.9%, net loss $4.7M, operating cash flow −$4.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3M | -13% | -14% |
| Operating profit | −$3.9M | — | — |
| Net earnings | −$4.7M | — | — |
| Operating cash flow | −$4.2M | — | — |
What changed
Revenue was $7.3M in Q1 2025, down 14% year over year and down 13% from the previous quarter. Scrap Metal Recycling was the largest line at 60% of revenue. Scrap Metal Recycling lost $1.8M year over year (down 29%), 156% of the total change.
Gross margin was 47.5%, up 9.2 points from a year earlier. Operating costs exceeded revenue by $3.9M, an operating margin of -52.9%. Operating expenses grew 21% against a revenue fall of 14%. The quarter ended with a net loss of $4.7M, narrower than the previous quarter's $18.4M loss.
Operating cash flow was −$4.2M. Non-cash charges added back $2.1M of depreciation and amortization and $100K of share-based compensation. Working capital and other items used $1.7M. Capital expenditures of $210K exceeded it, leaving free cash flow of −$4.4M.
Questions
What was Greenwave Technology Solutions' revenue in the first quarter 2025?
Greenwave Technology Solutions (GWAV) reported revenue of $7.3M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -13% from the quarter before.
Was Greenwave Technology Solutions profitable in the first quarter 2025?
Operating loss was $3.9M (-52.9% of revenue) and net loss $4.7M.