Filing Flows › Greenwave Technology Solutions (GWAV) › Q2 2025
Greenwave Technology Solutions (GWAV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Feb 5, 2026
Greenwave Technology Solutions (GWAV) reported revenue of $11.0M for the second quarter 2025 (Q2 2025), +40% from a year earlier and +50% from the quarter before. Operating margin was -42.3%, net loss $4.9M (44.7% of revenue).
Greenwave Technology Solutions, Q2 2025: revenue $11.0M (+40% year over year), operating margin -42.3%, net loss $4.9M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.0M | +50% | +40% |
| Operating profit | −$4.7M | — | — |
| Net earnings | −$4.9M | — | — |
| Operating cash flow | $1.2M | — | — |
| Free cash flow | $660K | — | — |
What changed
Revenue was $11.0M in Q2 2025, up 40% year over year and up 50% from the previous quarter. Scrap Metal Recycling was the largest line at 65% of revenue. Scrap Metal Recycling added $1.7M year over year (up 32%), 55% of the total change. Other declined 53%.
Gross margin was 19.2%, down 9.8 points from a year earlier. Operating costs exceeded revenue by $4.7M, an operating margin of -42.3%. Operating expenses fell 40% while revenue rose 40%. The quarter ended with a net loss of $4.9M, wider than the previous quarter's $4.7M loss.
Operating cash flow was $1.2M. Non-cash charges added back $2.2M of depreciation and amortization. Working capital and other items added $4.0M. Capital expenditures of $571K left free cash flow of $660K.
Questions
What was Greenwave Technology Solutions' revenue in the second quarter 2025?
Greenwave Technology Solutions (GWAV) reported revenue of $11.0M for the second quarter 2025 (Q2 2025), +40% from a year earlier and +50% from the quarter before.
Was Greenwave Technology Solutions profitable in the second quarter 2025?
Operating loss was $4.7M (-42.3% of revenue) and net loss $4.9M.