Filing Flows › Greenwave Technology Solutions (GWAV) › Q4 2025
Greenwave Technology Solutions (GWAV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Jun 15, 2026
Greenwave Technology Solutions (GWAV) reported revenue of $15.6M for the fourth quarter 2025 (Q4 2025), +85% from a year earlier and +23% from the quarter before. Operating margin was -40.8%, net loss $6.7M (43.1% of revenue).
Greenwave Technology Solutions, Q4 2025: revenue $15.6M (+85% year over year), operating margin -40.8%, net loss $6.7M, operating cash flow −$115K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.6M | +23% | +85% |
| Operating profit | −$6.4M | — | — |
| Net earnings | −$6.7M | — | — |
| Operating cash flow | −$115K | — | — |
What changed
Revenue was $15.6M in Q4 2025, up 85% year over year and up 23% from the previous quarter. Scrap Metal Recycling was the largest line at 79% of revenue.
Gross margin was 17.8%, down 28.5 points from Q4 2024. Operating costs exceeded revenue by $6.4M, an operating margin of -40.8%. Operating expenses fell 58% while revenue rose 85%. The quarter ended with a net loss of $6.7M, wider than the previous quarter's $5.3M loss.
Operating cash flow was −$115K. Non-cash charges added back $2.2M of depreciation and amortization. Working capital and other items added $4.4M.
Questions
What was Greenwave Technology Solutions' revenue in the fourth quarter 2025?
Greenwave Technology Solutions (GWAV) reported revenue of $15.6M for the fourth quarter 2025 (Q4 2025), +85% from a year earlier and +23% from the quarter before.
Was Greenwave Technology Solutions profitable in the fourth quarter 2025?
Operating loss was $6.4M (-40.8% of revenue) and net loss $6.7M.