Greenwave Technology Solutions, Inc. income statement
In fiscal 2025, Greenwave Technology Solutions, Inc. reported revenue of $46.7m, up 40.1% on the year before, operating income of −$19.8m (a -42.5% margin) and net income of −$21.6m, or −$41.21 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 8 | 34 | 36 | 33 | 47 | 61 |
| Cost of revenue | 0 | 0 | — | 0 | 5 | 22 | 21 | 20 | 35 | 41 |
| Gross profit | 0 | 0 | — | 0 | 3 | 12 | 14 | 13 | 12 | 19 |
| General and administrative | 37 | 14 | — | — | — | — | — | — | — | — |
| Operating income | −37 | −14 | −3 | −1 | −3 | −11 | −20 | −34 | −20 | −15 |
| Interest expense | 1 | 2 | 5 | 5 | 11 | 34 | 9 | 5 | 3 | 2 |
| Income before tax | −44 | −16 | −34 | −15 | −2 | −35 | −27 | −24 | −22 | −17 |
| Income tax | — | — | — | — | — | — | 0 | 0 | — | — |
| Net income | −44 | −16 | −34 | −15 | −2 | −35 | −27 | −24 | −22 | −17 |
| Diluted EPS | −$0.23 | −$0.05 | −$4275.00 | −$1799.25 | $27.00 | −$728.25 | −$385.81 | −$601.70 | −$41.21 | — |
| Diluted shares (average) | — | — | — | — | — | — | — | — | — | — |
| EBITDA | −36 | −13 | −3 | −1 | −2 | −7 | −14 | −27 | −11 | −6 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 8 | 7 | 11 | 13 | 16 | 16 | 16 |
| Cost of revenue | 5 | 5 | 4 | 9 | 9 | 13 | 9 | 10 |
| Gross profit | 4 | 4 | 3 | 2 | 3 | 3 | 7 | 6 |
| Operating income | −4 | −18 | −4 | −5 | −5 | −6 | −1 | −3 |
| Interest expense | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 |
| Income before tax | −5 | −18 | −5 | −5 | −5 | −7 | −2 | −3 |
| Net income | −5 | −18 | −5 | −5 | −5 | −7 | −2 | −3 |
| Diluted EPS | −$28.74 | $533.98 | −$17.85 | −$8.98 | −$8.89 | −$7.16 | −$1.81 | −$3.91 |
| EBITDA | −3 | −16 | −2 | −2 | −3 | −4 | 1 | −1 |
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