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Greenwave Technology Solutions, Inc. logo

Greenwave Technology Solutions, Inc.

GWAV

NASDAQIndustrialsWaste Management

Open in GoAI

Previous close

$3.50

+$0.05 · +1.45%

Aug 21, 4:00 PM ET

GWAV company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

63

Undervalued

Momentum

20

Strong Down

Sentiment

48

Mixed

Risk resilience

31

High Risk

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Company profile

Company website

Greenwave Technology Solutions, Inc., operating primarily through its subsidiary Empire Services, Inc., oversees a network of eleven metal recycling facilities situated across Virginia and North Carolina. The company's core operations encompass the collection, sorting, and processing of various raw ferrous and nonferrous scrap metals—such as iron, steel, aluminum, copper, lead, stainless steel, and zinc—all prepared for recycling. Furthermore, Greenwave is engaged in the procurement and sale of both refined and unrefined scrap materials, supplying them to steel mills and other industrial buyers. Established in 2002, the firm, which rebranded from MassRoots, Inc. in October 2021, maintains its corporate headquarters in Suffolk, Virginia.

Industry
Waste Management
Sector
Industrials
Headquarters
US
CEO
Danny Meeks
Listed since
Apr 9, 2015
Employees
180

Market position

Day range

Current $3.50

52-week range

Current $3.50

Open
$3.45
Previous close
$3.45
Volume
8.08K
0.08× average
Average volume
96.4K
Average daily volume
Market cap
2.9M USD
Beta
0.18
Market reference 1
50-day average
$3.3548
+4.33% above average
200-day average
$4.2602
-17.84% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
15.89M USD
EV / EBITDA
-1.67×
Earnings yield
-691.12%
Free cash flow yield
-257.40%

Profitability & efficiency

Return on equity
-83.27%
Return on assets
-39.15%
Return on invested capital
-50.52%

Financial health

Current ratio
0.21×
Altman Z-score
-14.23
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends55%-3%-60%-118%Gross margin, FY2021: 35.31%Gross margin, FY2022: 36.61%Gross margin, FY2023: 40.61%Gross margin, FY2024: 38.99%Gross margin, FY2025: 25.45%Operating margin, FY2021: -36.15%Operating margin, FY2022: -24.67%Operating margin, FY2023: -26.06%Operating margin, FY2024: -55.47%Operating margin, FY2025: -42.91%Net margin, FY2021: -20.16%Net margin, FY2022: -103.13%Net margin, FY2023: -75.52%Net margin, FY2024: -71.79%Net margin, FY2025: -46.28%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 35.31%. Gross margin FY2022 36.61%. Gross margin FY2023 40.61%. Gross margin FY2024 38.99%. Gross margin FY2025 25.45%. Operating margin FY2021 -36.15%. Operating margin FY2022 -24.67%. Operating margin FY2023 -26.06%. Operating margin FY2024 -55.47%. Operating margin FY2025 -42.91%. Net margin FY2021 -20.16%. Net margin FY2022 -103.13%. Net margin FY2023 -75.52%. Net margin FY2024 -71.79%. Net margin FY2025 -46.28%.

Income trends

Revenue

46.66M USD+40.05%

Operating income

−20.02M USD-8.35%

Net income

−21.6M USD+9.70%
Income trends across reported periods54.83M USD22.15M USD−10.53M USD−43.21M USDRevenue, FY2021: 8.1M USDRevenue, FY2022: 33.98M USDRevenue, FY2023: 35.67M USDRevenue, FY2024: 33.32M USDRevenue, FY2025: 46.66M USDOperating income, FY2021: −2.93M USDOperating income, FY2022: −8.38M USDOperating income, FY2023: −9.3M USDOperating income, FY2024: −18.48M USDOperating income, FY2025: −20.02M USDNet income, FY2021: −1.63M USDNet income, FY2022: −35.04M USDNet income, FY2023: −26.94M USDNet income, FY2024: −23.92M USDNet income, FY2025: −21.6M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 8.1M USD. Revenue FY2022 33.98M USD. Revenue FY2023 35.67M USD. Revenue FY2024 33.32M USD. Revenue FY2025 46.66M USD. Operating income FY2021 −2.93M USD. Operating income FY2022 −8.38M USD. Operating income FY2023 −9.3M USD. Operating income FY2024 −18.48M USD. Operating income FY2025 −20.02M USD. Net income FY2021 −1.63M USD. Net income FY2022 −35.04M USD. Net income FY2023 −26.94M USD. Net income FY2024 −23.92M USD. Net income FY2025 −21.6M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue46.66M USD33.32M USD35.67M USD33.98M USD8.1M USD
Cost of goods sold34.79M USD20.33M USD21.18M USD21.54M USD5.24M USD
Gross profit11.87M USD12.99M USD14.48M USD12.44M USD2.86M USD
Selling, general, and administrative17.99M USD18.83M USD15.07M USD13.38M USD4.38M USD
Operating expenses31.9M USD31.47M USD23.78M USD20.82M USD5.79M USD
Interest expense2.84M USD5.36M USD8.9M USD34.08M USD10.56M USD
Depreciation and amortization9.22M USD7.66M USD7.46M USD6.45M USD1.28M USD
Operating income−20.02M USD−18.48M USD−9.3M USD−8.38M USD−2.93M USD
Net income−21.6M USD−23.92M USD−26.94M USD−35.04M USD−1.63M USD

Company facts updated Aug 24, 2026.

GWAV news

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ETFs holding GWAV

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
10.41K
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%

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