Greenwave Technology Solutions, Inc. (GWAV) AI Stock Analysis
GWAV AI stock analysis summary
AI ResearchGreenwave Technology Solutions, Inc. (GWAV) operates metal recycling facilities across Virginia and North Carolina. While revenue reached $60.6M over the trailing twelve months with quarterly sales growing 45.5% year-over-year, the company posted a net loss of -$21.6M in FY2025. The balance sheet reflects $654,987 in cash against $12.9M in total debt as of June 30, 2026.
- Market cap
- $7.4M
- Revenue (TTM)
- $60.6M
- P/E
- —
- 1Y return
- -71.9% S&P 500 16.8%
- Avg. target
- —
Bull case
- Quarterly revenue grew 45.5% year-over-year in the quarter ended June 30, 2026.
- Shares trade at a price-to-sales ratio of 0.1x, below the 1.5x median for US-listed Industrials peers.
- Annual revenue grew 40.1% in FY2025 to reach $46.7M.
Bear case
- Free cash flow remained deeply negative at -$8.0M in FY2025 alongside an operating cash outflow of -$6.0M.
- Cash and short-term investments totaled $654,987 as of June 30, 2026, against total debt of $12.9M.
- The stock has declined 71.9% over the past year and trades 32.5% below its 200-day average.
What Greenwave Technology Solutions does
Greenwave Technology Solutions, Inc., operating via its subsidiary Empire Services, Inc., operates a network of 11 metal recycling facilities across Virginia and North Carolina. The company collects, sorts, and processes raw scrap ferrous and nonferrous metals, including iron, steel, aluminum, copper, lead, stainless steel, and zinc. Greenwave is also engaged in buying and selling processed and unprocessed scrap metals to steel mills and industrial purchasers. Founded in 2002 and headquartered in Suffolk, Virginia, the business was formerly named MassRoots, Inc. before rebranding in October 2021.
Growth and profitability
Revenue increased from $8.1M in FY2021 to $46.7M in FY2025, representing a 5-year revenue CAGR of 482.4% from FY2020 to FY2025. Annual growth accelerated to 40.1% in FY2025 following a 6.6% drop in FY2024. However, profitability has remained negative, with an operating margin of -42.9% and net income of -$21.6M in FY2025. Gross margin contracted to 25.4% in FY2025 from 39.0% in FY2024. For the latest quarter ended June 30, 2026, quarterly revenue grew 45.5% year-over-year, while quarterly earnings growth dropped 71.1%, leaving trailing twelve-month revenue at $60.6M and EPS at -$21.81.
Balance sheet and cash flow
As of June 30, 2026, Greenwave held $654,987 in cash and short-term investments alongside total debt of $12.9M, resulting in net debt of $12.2M. The company's current ratio was 0.23, and its debt-to-equity ratio stood at 0.61 against shareholders' equity of $21.2M. Operating cash flow remained negative in FY2025 at -$6.0M, leading to free cash flow of -$8.0M. During FY2025, capital expenditures were $2.1M and dividends paid totaled $3.0M.
Valuation and performance
With a market cap of $7.4M and enterprise value of $14.3M, GWAV trades at a price-to-sales multiple of 0.1x and an EV-to-EBITDA multiple of 2.7x, compared to medians of 1.5x and 13.9x, respectively, for its US-listed Industrials peer group. The stock closed at $2.50 on October 16, 2026, trading 32.5% below its 200-day moving average. Over the past year, GWAV declined 71.9%, compared to a 16.8% gain for the S&P 500 (SPY).
What analysts expect
Wall Street analyst coverage details, ratings, and price targets are not available for the company. Across its earnings reporting track record, Greenwave logged 0 EPS beats over the last 4 quarters, with trailing twelve-month EPS at -$21.81.
Key risks and what to watch
- The company's current ratio of 0.23 indicates limited short-term liquidity relative to existing obligations.
- Operating margin remained negative at -42.9% in FY2025 and -17.8% over the trailing twelve months.
- Trailing twelve-month return on equity stood at -56.7%, reflecting ongoing annual net losses.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this GWAV AI stock analysis
This page is an AI-written research summary of Greenwave Technology Solutions, Inc. (GWAV). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: GWAV income statement, GWAV balance sheet, GWAV key metrics, GWAV chart. See the GWAV stock overview for the latest quote and news.
GWAV AI stock analysis FAQ
What does Greenwave Technology Solutions do?
Greenwave Technology Solutions operates 11 metal recycling facilities in Virginia and North Carolina through its subsidiary Empire Services, Inc., processing scrap ferrous and nonferrous metals for industrial clients and steel mills.
What is GWAV's current debt and cash position?
As of June 30, 2026, Greenwave had $654,987 in cash and short-term investments, $12.9M in total debt, and a current ratio of 0.23.
How has GWAV stock performed relative to the market?
GWAV declined 71.9% over the past year through October 16, 2026, while the S&P 500 generated a return of 16.8% over the same period.
Is Greenwave Technology Solutions profitable?
No, Greenwave reported a net loss of -$21.6M in FY2025 and an operating margin of -17.8% over the trailing twelve months.