Greenwave net loss narrows 75.51% to $24.6 million in FY25; revenue rises 40.1% to $46.66 million

Greenwave Technology Solutions Inc

Greenwave Technology Solutions Inc

GWAV

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  • Greenwave Technology Solutions posted a net loss available to common stockholders of USD 24.6 million, narrowing 75.51% from a year earlier.
  • Revenue rose 40.1% to USD 46.66 million, driven by sales of inventory accumulated in late 2024 ahead of expected early-2025 metal tariffs.
  • Operating loss narrowed 42.1% to USD 19.82 million, while gross margin fell 13.6 percentage points to about 25.4%.
  • Cash ended the year at USD 935,763; management flagged substantial doubt about going concern with a USD 18.34 million working-capital deficit.
  • The company operates 13 metal recycling facilities; a second automotive shredder in Carrollton, Virginia is expected to come online in Q2 2024.


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