Filing Flows › Greenwave Technology Solutions (GWAV) › Q1 2026 › vs Q1 2025
Greenwave Technology Solutions (GWAV) Q1 2026 vs Q1 2025 (year over year)
Greenwave Technology Solutions's revenue rose $8.9M (+122%) from $7.3M in Q1 2025 to $16.3M in Q1 2026. The biggest changes: Scrap Metal Recycling +$9.7M (+221%); Hauling −$786K (-27%); Other −$5K (-20%).
Greenwave Technology Solutions, Q1 2026: revenue $16.3M (+122% year over year), operating margin -6.6%, net loss $1.5M, operating cash flow $1.3M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 7.7% | -59.6% | +67.3 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Scrap Metal Recycling | $14.1M | $4.4M | $9.7M | +221% |
| Hauling | $2.1M | $2.9M | −$786K | -27% |
| Other | $19K | $24K | −$5K | -20% |
| Revenue | $16.3M | $7.3M | $8.9M | +122% |
| Net loss | $1.5M | $4.7M | −$3.2M | -68% |
| Costs & expenses | $17.8M | $12.0M | $5.8M | +48% |
| Operating costs | $17.3M | $11.2M | $6.1M | +55% |
| Interest & other, net | $431K | $784K | −$353K | -45% |
| Income tax | $1 | $0 | $1 | — |
| Cost of revenue | $9.5M | $3.8M | $5.6M | +146% |
| Operating expenses | $7.9M | $7.4M | $520K | +7% |
| Operating cash sources | $2.8M | $404K | $2.4M | +598% |
| Depreciation & amortization | $2.2M | $2.1M | $82K | +4% |
| Working capital & other | $621K | −$1.7M | $2.3M | — |
| Net loss absorbed | $1.5M | $4.7M | −$3.2M | -68% |
| Operating cash flow | $1.3M | −$4.2M | $5.5M | — |
| Free cash flow (OCF − capex) | $1.3M | −$4.4M | $5.6M | — |
| Capital expenditures | $65K | $210K | −$146K | -69% |
Questions
How much did Greenwave Technology Solutions's revenue grow year over year in Q1 2026?
Greenwave Technology Solutions's revenue rose $8.9M (+122%) from $7.3M in Q1 2025 to $16.3M in Q1 2026.
What drove Greenwave Technology Solutions's revenue change in Q1 2026?
Scrap Metal Recycling +$9.7M (+221%); Hauling −$786K (-27%); Other −$5K (-20%).