Filing Flows › Greenwave Technology Solutions (GWAV) › Q1 2026
Greenwave Technology Solutions (GWAV) Q1 2026 earnings results (first quarter 2026)
10-Q filed Jul 29, 2026
Greenwave Technology Solutions (GWAV) reported revenue of $16.3M for the first quarter 2026 (Q1 2026), +122% from a year earlier and +4% from the quarter before. Operating margin was -6.6%, net loss $1.5M (9.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.3M | +4% | +122% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | $1.3M | — | — |
| Free cash flow | $1.3M | — | — |
What changed
Revenue was $16.3M in Q1 2026, up 122% year over year and up 4% from the previous quarter. Scrap Metal Recycling was the largest line at 87% of revenue. Scrap Metal Recycling added $9.7M year over year (up 221%), 109% of the total change. Hauling declined 27%.
Gross margin was 41.9%, down 5.7 points from Q1 2025. Operating costs exceeded revenue by $1.1M, an operating margin of -6.6%. Operating expenses grew 7% against revenue growth of 122%. The quarter ended with a net loss of $1.5M, narrower than the previous quarter's $6.7M loss.
Operating cash flow was $1.3M. Non-cash charges added back $2.2M of depreciation and amortization. Working capital and other items added $621K. Capital expenditures of $65K left free cash flow of $1.3M.
Questions
What was Greenwave Technology Solutions' revenue in the first quarter 2026?
Greenwave Technology Solutions (GWAV) reported revenue of $16.3M for the first quarter 2026 (Q1 2026), +122% from a year earlier and +4% from the quarter before.
Was Greenwave Technology Solutions profitable in the first quarter 2026?
Operating loss was $1.1M (-6.6% of revenue) and net loss $1.5M.