Greenwave Technology Solutions, Inc. (GWAV) Balance Sheet
GWAV balance sheet, 2025
December 31, 2025 · U.S. dollars$55.2M assets = $29.2M liabilities + $25.9M equity
Both columns are drawn to the same scale: what GWAV owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GWAV financial health
Descriptive bands, not a rating. Fiscal 2025.
GWAV balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $723,6202016 | $55.2M2025 | +61.9%/yr | |
| Total liabilities | $1.8M2016 | $29.2M2025 | +36.1%/yr | |
| Shareholders’ equity | −$1.1M2016 | $25.9M2025 | — | |
| Cash & short-term investments | $374,4902016 | $935,7632025 | +10.7%/yr | |
| Total debt | $108,1002016 | $13.7M2025 | +71.3%/yr | |
| Net cash (debt) | $266,3902016 | −$12.8M2025 | −$13.0M | |
| Working capital | −$1.3M2016 | −$18.3M2025 | −$17.0M | |
| Book value per share | −$19.182019 | $3.122024 | — | |
| Current ratio | 0.222016 | 0.212025 | −0.01 | |
| Debt / equity | 1.102022 | 0.532025 | −0.57 | |
| Shares outstanding | 1.9M2019 | 11.9M2024 | +43.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GWAV assets
GWAV liabilities and equity
GWAV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GWAV balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $935,763 | $2.6M | $1.5M | $821,804 | $3.0M | $1,485 | $1,120 | $29,568 | $1.2M | $374,490 |
| Cash & equivalents | $935,763 | $2.6M | $1.5M | $821,804 | $3.0M | $1,485 | $1,120 | $29,568 | $1.2M | $374,490 |
| Receivables | $1.1M | $1.3M | $646,413 | $215,256 | $0 | $0 | $0 | $0 | $0 | $3,306 |
| Inventory | $2.2M | $2.9M | $200,428 | $189,646 | $381,000 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $524,691 | $921,580 | $296,761 | $12,838 | $2 | $97,132 | $1,975 | $14,000 | $16,556 | $0 |
| Total current assets | $4.8M | $7.6M | $2.7M | $1.2M | $3.3M | $98,617 | $3,095 | $43,568 | $1.2M | $377,796 |
| Property, plant & equipment (net) | $36.3M | $38.5M | $23.8M | $17.4M | $6.5M | $0 | $0 | $6,733 | $55,146 | $77,322 |
| Goodwill & intangible assets | $14.0M | $32.8M | $19.9M | $22.9M | $28.3M | $0 | $0 | $234,864 | $863,941 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $247,912 | $0 | $0 |
| Other non-current assets | $31,893 | $0 | $31,893 | $6,893 | $3,587 | $0 | $0 | $36,000 | $436,751 | $268,502 |
| Total assets | $55.2M | $63.1M | $46.4M | $41.5M | $38.2M | $98,617 | $3,095 | $569,077 | $2.6M | $723,620 |
| Liabilities | ||||||||||
| Accounts payable | $3.0M | $2.4M | $1.9M | $1.5M | $623,557 | $1.1M | $5.5M | $959,668 | $1.3M | $382,550 |
| Short-term debt | $7.6M | $10.8M | $11.0M | $9.7M | $8.5M | $3.3M | $7.1M | $2.5M | $796,991 | — |
| Deferred revenue | — | — | — | $25,000 | $25,000 | $337,500 | $337,500 | $932,500 | $800,394 | $27,010 |
| Total current liabilities | $23.2M | $21.1M | $23.3M | $19.0M | $59.5M | $37.7M | $36.9M | $7.4M | $13.9M | $1.7M |
| Long-term debt | $5.8M | $12.0M | $27.5M | $7.0M | $24,711 | $110,000 | $0 | $0 | $0 | $0 |
| Lease obligations | $505,927 | $1.1M | $295,914 | $3.1M | $3.7M | $0 | — | — | — | — |
| Other long-term liabilities | $233,451 | $0 | $94,943 | $116,262 | $2.0M | $0 | $0 | $4.4M | $2.9M | $108,100 |
| Total liabilities | $29.2M | $26.1M | $50.9M | $26.1M | $61.5M | $37.8M | $36.9M | $7.4M | $13.9M | $1.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $830 | $237 | $113 | $10,962 | $3,332 | $1,661 | $384,267 | $168,707 | $112,166 | $71,908 |
| Retained earnings (deficit) | −$520.9M | −$496.3M | −$395.9M | −$362.3M | −$298.4M | −$301.2M | −$189.6M | −$80.8M | −$74.3M | −$29.9M |
| Accumulated other comprehensive income | — | — | — | — | $8 | −$20.1M | — | $80 | $12,573 | $1,740 |
| Total shareholders' equity | $25.9M | $37.0M | −$4.5M | $15.3M | −$23.3M | −$37.7M | −$36.9M | −$6.8M | −$11.4M | −$1.1M |
| Key figures | ||||||||||
| Total debt | $13.7M | $15.8M | $38.6M | $16.8M | $10.6M | $3.5M | $7.1M | $2.5M | $796,991 | $108,100 |
| Net cash (debt) | −$12.8M | −$13.2M | −$37.1M | −$16.0M | −$7.6M | −$3.5M | −$7.1M | −$2.5M | $404,596 | $266,390 |
| Working capital | −$18.3M | −$13.5M | −$20.6M | −$17.8M | −$56.1M | −$37.6M | −$36.9M | −$7.4M | −$12.7M | −$1.3M |
| Tangible book value | $12.0M | $4.1M | −$24.3M | −$7.5M | −$51.7M | −$37.7M | −$36.9M | −$7.1M | −$12.2M | −$1.1M |
| Book value per share | — | $3.12 | — | $2.33 | — | — | −$19.18 | — | — | — |
| Shares outstanding | — | 11.9M | — | 6.6M | — | — | 1.9M | — | — | — |
| Current ratio | 0.21 | 0.36 | 0.12 | 0.07 | 0.06 | 0.00 | 0.00 | 0.01 | 0.09 | 0.22 |
| Quick ratio | 0.09 | 0.18 | 0.09 | 0.05 | 0.05 | 0.00 | 0.00 | 0.00 | 0.09 | 0.22 |
| Debt / equity | 0.53 | 0.43 | — | 1.10 | — | — | — | — | — | — |
| Equity / assets | 47.0% | 58.6% | −9.6% | 37.0% | −61.2% | −38,263.0% | −1,191,241.6% | −1,201.3% | −442.0% | −151.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $654,987 | $935,763 | $1.5M | $5.5M | $5.3M | $2.6M | $2.6M | $15.2M | $24.3M | $713,218 | $1.5M | $1.4M |
| Cash & equivalents | $654,987 | $935,763 | $1.5M | $5.5M | $5.3M | $2.6M | $2.6M | $15.2M | $24.3M | $713,218 | $1.5M | $1.4M |
| Receivables | $1.7M | $1.1M | $1.9M | $2.3M | $2.2M | $1.3M | $1.3M | $1.9M | $810,123 | $943,245 | $646,413 | $493,128 |
| Inventory | $3.2M | $2.2M | $2.8M | $4.6M | $1.1M | $2.9M | $2.9M | $2.1M | $1.1M | $400,219 | $200,428 | $146,701 |
| Other current assets | $1.2M | $524,691 | $928,792 | $288,445 | $1.3M | $921,580 | $921,580 | $527,522 | $754,174 | $162,667 | $296,761 | $485,143 |
| Total current assets | $6.7M | $4.8M | $7.0M | $12.6M | $10.0M | $7.6M | $7.6M | $19.8M | $27.0M | $2.2M | $2.7M | $2.6M |
| Property, plant & equipment (net) | $24.0M | $36.3M | $38.1M | $38.7M | $38.7M | $38.5M | $38.5M | $32.1M | $29.2M | $23.9M | $23.8M | $24.8M |
| Goodwill & intangible assets | $151,800 | $14.0M | $14.7M | $16.2M | $15.5M | $32.8M | $16.9M | $33.8M | $18.4M | $19.2M | $19.9M | $20.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $21.9M | $31,893 | $31,893 | $31,893 | $31,893 | $0 | $31,893 | $0 | $31,893 | $31,892 | $31,893 | $31,893 |
| Total assets | $52.7M | $55.2M | $59.9M | $67.5M | $64.1M | $63.1M | $63.1M | $69.6M | $74.6M | $45.3M | $46.4M | $48.1M |
| Liabilities | ||||||||||||
| Accounts payable | $3.0M | $3.0M | $1.7M | $1.7M | $2.1M | $2.4M | $2.4M | $2.4M | $2.3M | $1.9M | $1.9M | $1.6M |
| Short-term debt | $11.1M | $7.6M | $7.6M | $8.5M | — | $10.8M | — | $3.3M | $3.4M | $12.4M | — | $7.9M |
| Deferred revenue | — | — | — | — | — | — | — | −$20,751 | — | — | — | $25,000 |
| Total current liabilities | $29.8M | $23.2M | $20.7M | $20.1M | $19.5M | $21.1M | $21.1M | $13.0M | $12.9M | $22.7M | $23.3M | $18.8M |
| Long-term debt | $1.6M | $5.6M | $5.8M | $6.2M | $6.3M | $5.2M | $4.3M | $4.5M | $4.8M | $16.0M | $27.5M | $29.5M |
| Lease obligations | $400,380 | $450,823 | $505,927 | $552,352 | $619,383 | $1.0M | $1.1M | $1.2M | $1.2M | $1.3M | $295,914 | $343,456 |
| Other long-term liabilities | $192,228 | $431,177 | $597,276 | $0 | $346,727 | $0 | $773,820 | $831,046 | $883,701 | $929,394 | $94,943 | $131,184 |
| Total liabilities | $31.6M | $29.2M | $27.2M | $26.0M | $26.2M | $26.1M | $26.1M | $18.3M | $18.5M | $39.7M | $50.9M | $48.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $830 | $830 | $693 | $520 | — | $237 | — | $22,379 | $12,751 | $43,865 | — | $15,881 |
| Retained earnings (deficit) | −$525.7M | −$520.9M | −$514.2M | −$504.0M | −$508.9M | −$496.3M | −$496.3M | −$477.9M | −$473.1M | −$429.3M | −$395.9M | −$391.7M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | $0 | — | −$1 | — | — |
| Total shareholders' equity | $21.2M | $25.9M | $32.7M | $41.5M | $38.0M | $37.0M | $37.0M | $51.3M | $56.1M | $5.6M | −$4.5M | −$308,192 |
| Key figures | ||||||||||||
| Total debt | $12.9M | $13.7M | $14.1M | $14.4M | $6.3M | $15.8M | $4.3M | $8.6M | $9.1M | $29.4M | $27.5M | $37.5M |
| Net cash (debt) | −$12.2M | −$12.8M | −$12.6M | −$8.9M | −$1.0M | −$13.2M | −$1.7M | $6.6M | $15.2M | −$28.7M | −$26.0M | −$36.0M |
| Working capital | −$23.1M | −$18.3M | −$13.7M | −$7.5M | −$9.5M | −$13.5M | −$13.5M | $6.8M | $14.1M | −$20.5M | −$20.6M | −$16.2M |
| Tangible book value | $21.0M | $12.0M | $18.0M | $25.3M | $22.5M | $4.1M | $20.0M | $17.5M | $37.7M | −$13.5M | −$24.3M | −$20.9M |
| Book value per share | $25.54 | $31.26 | — | — | — | — | — | — | $10.79 | — | — | — |
| Shares outstanding | 830K | 830K | — | — | — | — | — | — | 5.2M | — | — | — |
| Current ratio | 0.23 | 0.21 | 0.34 | 0.63 | 0.51 | 0.36 | 0.36 | 1.52 | 2.10 | 0.10 | 0.12 | 0.14 |
| Quick ratio | 0.08 | 0.09 | 0.16 | 0.39 | 0.38 | 0.18 | 0.18 | 1.31 | 1.95 | 0.07 | 0.09 | 0.10 |
| Debt / equity | 0.61 | 0.53 | 0.43 | 0.35 | 0.17 | 0.43 | 0.12 | 0.17 | 0.16 | 5.24 | — | — |
| Equity / assets | 40.2% | 47.0% | 54.6% | 61.5% | 59.2% | 58.6% | 58.6% | 73.7% | 75.1% | 12.4% | −9.6% | −0.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 15, 2026); data from EODHD.
GWAV financial position
At the end of fiscal 2025 (December 31, 2025), Greenwave Technology Solutions had total assets of $55.2 million (down 12.6% from a year earlier), total liabilities of $29.2 million and shareholders' equity of $25.9 million. It held $0.9 million in cash and short-term investments against $13.7 million of debt, net debt of $12.8 million. Its current ratio was 0.21. In the latest quarter (ended June 30, 2026) total assets were $52.7 million and equity $21.2 million.
Related: GWAV income statement, GWAV cash flow statement, GWAV key metrics. See the GWAV stock overview for the latest quote and news.
GWAV balance sheet FAQ
What are Greenwave Technology Solutions's total assets?
Greenwave Technology Solutions reported total assets of $55.2 million at the end of fiscal 2025 (December 31, 2025), compared with $63.1 million a year earlier.
How much debt does Greenwave Technology Solutions have?
Greenwave Technology Solutions had $13.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.53.
How much cash does Greenwave Technology Solutions have?
Greenwave Technology Solutions held $0.9 million in cash and short-term investments at the end of fiscal 2025; with $13.7 million of debt that is net debt of $12.8 million.
What is Greenwave Technology Solutions's book value?
Greenwave Technology Solutions's shareholders' equity (book value) was $25.9 million at the end of fiscal 2025.
What is Greenwave Technology Solutions's current ratio?
Greenwave Technology Solutions had current assets of $4.8 million and current liabilities of $23.2 million, a current ratio of 0.21 (current liabilities exceed current assets).
How much goodwill does Greenwave Technology Solutions have?
Greenwave Technology Solutions carried $14.0 million of goodwill and intangible assets, 25.3% of total assets, at the end of fiscal 2025.