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How Greenwave Technology Solutions (GWAV) makes money

Greenwave Technology Solutions (GWAV) made $16.0M of revenue in the second quarter 2026 (Q2 2026), +45% from a year earlier. Scrap Metal Recycling brought in $14.5M (90%); Hauling brought in $1.5M (10%); Other brought in $22K (0%).

Drawing the Sankey…

Greenwave Technology Solutions revenue by segment, Q2 2026Greenwave Technology Solutions revenue by segment, Q2 2026Scrap Metal Recycling$14.5MHauling$1.5MOther$22K
Greenwave Technology Solutions: revenue by line, Q1 2025 to Q2 2026Greenwave Technology Solutions: revenue by line, Q1 2025 to Q2 2026Scrap Metal RecyclingHaulingOtherScrap Metal Recycling: $14.5M latest$14.5MHauling: $1.5M latest$1.5MOther: $22K latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Scrap Metal Recycling went from 60% of revenue in Q1 2025 to 90% in Q2 2026, the largest shift in the mix.
Greenwave Technology Solutions revenue by quarterGreenwave Technology Solutions revenue by quarter$8.4MQ4 2024$7.3MQ1 2025$11.0MQ2 2025$12.7MQ3 2025$15.6MQ4 2025$16.3MQ1 2026$16.0MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Scrap Metal Recycling$14.5M90.4%+2%+103%
Hauling$1.5M9.5%-29%-61%
Other$22K0.1%+13%+3%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$16.0M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$16.0M+46%
Q1 2026$16.3M+122%
Q4 2025$15.6M+85%
Q3 2025$12.7M+49%
Q2 2025$11.0M+40%
Q1 2025$7.3M-14%
Q4 2024$8.4M-7%

From Greenwave Technology Solutions' 10-Q filed Aug 18, 2026 (on EDGAR).

Questions

How does Greenwave Technology Solutions make money?

Greenwave Technology Solutions (GWAV) made $16.0M of revenue in the second quarter 2026 (Q2 2026), +45% from a year earlier. Scrap Metal Recycling brought in $14.5M (90%); Hauling brought in $1.5M (10%); Other brought in $22K (0%).

What is Greenwave Technology Solutions' biggest business?

Scrap Metal Recycling: $14.5M in the second quarter 2026, 90% of revenue, +103% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.