Filing Flows › Greenwave Technology Solutions (GWAV) › Q2 2026
Greenwave Technology Solutions (GWAV) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 18, 2026
Greenwave Technology Solutions (GWAV) reported revenue of $16.0M for the second quarter 2026 (Q2 2026), +45% from a year earlier and -2% from the quarter before. Operating margin was -17.8%, net loss $3.2M (20.3% of revenue).
Greenwave Technology Solutions, Q2 2026: revenue $16.0M (+46% year over year), operating margin -17.8%, net loss $3.2M, operating cash flow −$370K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.0M | -2% | +45% |
| Operating profit | −$2.8M | — | — |
| Net earnings | −$3.2M | — | — |
| Operating cash flow | −$370K | -128% | -130% |
What changed
Revenue was $16.0M in Q2 2026, up 45% year over year and down 2% from the previous quarter. Scrap Metal Recycling was the largest line at 90% of revenue. Scrap Metal Recycling added $7.3M year over year (up 103%), 147% of the total change. Hauling declined 61%.
Gross margin was 37.9%, up 18.7 points from Q2 2025. Operating costs exceeded revenue by $2.8M, an operating margin of -17.8%. Operating expenses grew 32% against revenue growth of 45%. The quarter ended with a net loss of $3.2M, wider than the previous quarter's $1.5M loss.
Operating cash flow was −$370K. Non-cash charges added back $2.2M of depreciation and amortization. Working capital and other items added $654K.
Questions
What was Greenwave Technology Solutions' revenue in the second quarter 2026?
Greenwave Technology Solutions (GWAV) reported revenue of $16.0M for the second quarter 2026 (Q2 2026), +45% from a year earlier and -2% from the quarter before.
Was Greenwave Technology Solutions profitable in the second quarter 2026?
Operating loss was $2.8M (-17.8% of revenue) and net loss $3.2M.