Company Analysis

Greenwave Technology Solutions, Inc. (GWAV)

Nasdaq: GWAV · Wholesale-Metals Service Centers & of fices · Chesapeake, VA · filing with the SEC since 2013
Grade4.1
◀ Past 2.3● Present 3.7▶ Future 6.1
2 est.

The grade of Greenwave Technology Solutions, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.1/10
◀ Past2.325% of the headline
● Present3.745% of the headline
▶ Future6.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.3/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
0.6/10

Has it survived what it has been through?

45 warning events since 2017; the latest 2026-08-14.

weight 45% of this tense · 6th percentile among 51 sector filers · read for itself

From the record

Greenwave Technology Solutions, Inc.'s filings since 2017 show 45 warning events of 5 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2019-09-03); a notice about its exchange listing (8-K item 3.01, 12 times, the latest 2026-05-27); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-12-07); an auditor change (8-K item 4.01, the latest 2017-12-28); a late-report notice (Form NT 10-K or NT 10-Q, 30 times, the latest 2026-08-14) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.7/10

What has it actually done, year after year?

+54.9% a year over 5 filed years; profitable in 0 of 5.

weight 33% of this tense · 57th percentile among 50 sector filers · read for its customers

From the record

Greenwave Technology Solutions, Inc.'s 5 filed years say what it did: revenue went from $8 million in fiscal 2021 to $47 million in fiscal 2025, up 54.9% a year; it rose in 3 of 4 years; the deepest fall was 7% from fiscal 2023 to fiscal 2024; net income was positive in 0 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span54.9%top 3% of its family
  • the share of years revenue rosetop 41% of its family
  • the share of filed years with a profitbottom 5% of its family
  • the deepest fall from a revenue peak6.6%top 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.9/10

How has it treated the people who own it?

SI estimate 0.9/10, confidence 35 of 100 (one part).

weight 22% of this tense · 9th percentile among 50 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 9% of 50 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 50 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Greenwave Technology Solutions, Inc.'s shareholder treatment is put at 0.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 9% of 50 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.7/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
2.6/10

Is it financially healthy right now?

ROE -83%: lost 83¢ per shareholder dollar. Leverage 53%: owes 53¢ per asset dollar.

weight 33% of this tense · 26th percentile among 50 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Greenwave Technology Solutions, Inc. lost about 83 cents for every dollar of shareholders' money, and gross profitability: its products earned about 22 cents per dollar of everything the company owns. Leverage: it owed about 53 cents per dollar of assets, and net share issuance: its share count grew 453.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 50% of its family
  • return on equitybottom 10% of its family
  • gross profit against assetsbottom 37% of its family
  • the share count against the year beforebottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.9/10

How strong is its position in its industry?

bottom 39% of 51 in its family; net margin -46.3%.

weight 45% of this tense · 39th percentile among 51 sector filers · read for its customers

From the record

Greenwave Technology Solutions, Inc.'s standing among 51 graded names in its industry family: revenue of $47 million in fiscal 2025 ranks in the bottom 17% by size; a net margin of -46.3% ranks in the bottom 13%; revenue growth of 11.1% a year over the last 3 filed years ranks in the top 13% (its annual reports).

What it rests on

  • revenue against the family$46.7Mbottom 17% of its family
  • net margin-46.3%bottom 13% of its family
  • three-year revenue growth11.1%top 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.2/10

What are the people in charge doing?

SI estimate 5.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 51st percentile among 39 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the chief executive's years under the title, which ranks in the top 49% of 39 in its family; fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title.
What the record cannot read
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title.
How it was reasoned
one part: the chief executive's years on the record, the one part on file, ranked among 39 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Greenwave Technology Solutions, Inc.'s leadership is put at 5.2 of 10 with a confidence of 35 of 100, because read from one part only, the chief executive's years under the title, which ranks in the top 49% of 39 in its family; fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.1/10

How much room does it have to grow?

bottom 32% of 49 in its family for room to expand.

weight 33% of this tense · 32nd percentile among 49 sector filers · read for itself

From the record

Greenwave Technology Solutions, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash from operations less capital spending is -12.8% of revenue (bottom 15%); a gross margin of 25.4% (bottom 48%) (its annual report).

What it rests on

  • cash from operations less capital spending against revenue-12.8%bottom 15% of its family
  • gross margin25.4%bottom 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.5/10

What could actually drive growth from here?

top 35% of 50 in its family for growth drivers.

weight 33% of this tense · 65th percentile among 50 sector filers · read for its customers

From the record

Greenwave Technology Solutions, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 11.1% a year over the last three filed years against 54.9% over all 5, slowing (bottom 5% of its family); the newest year grew 40.1% (top 9%); capital spending grew 238% a year (top 1%) (its annual reports). Greenwave Technology Solutions, Inc. reported 3 product lines in fiscal 2025: Scrap Metal Recycling at $33 million (71%), Hauling at $14 million (29%), Other at $76 thousand (0%); 2 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-43.8 points a yearbottom 5% of its family
  • the newest year's revenue growth40.1%top 9% of its family
  • three-year growth of capital spending238.0%top 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.8/10

Did its newest year beat what its own record pointed to?

top 12% of 44 in its family for expectations against reality.

weight 33% of this tense · 88th percentile among 44 sector filers · read for its shareholders

From the record

Greenwave Technology Solutions, Inc.'s newest year against its own record: revenue of $47 million in fiscal 2025 came in 41.4% above the $33 million its prior three years' pace pointed to (top 10% of its family); net income of $22 million against a prior three-year average of $29 million (top 19%); a net margin of -46.3% against -83.5% before (top 8%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace41.4%top 10% of its family
  • net income against the prior three years' average+25%top 19% of its family
  • net margin against its prior average+37.2 pointstop 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton GWAV · research, not advice