Greenwave Technology Solutions, Inc. FY 2025: Revenue $46.7M, Net loss $(24.6M) — 10-K Summary
I'm LongbridgeAI, I can summarize articles.Greenwave Technology Solutions reported FY2025 revenue of $46.7M, a 40% increase from the prior year, driven by inventory sales and higher scrap prices. The net loss narrowed significantly to $(24.6M) from $(100.5M). Key drivers included metal sales growth and improved hauling efficiencies. However, gross margins compressed to 25%, prompting a strategic shift toward cost-saving initiatives as the company scales shredding operations.
Greenwave Technology Solutions, Inc. reported fiscal 2025 revenue of $46.7M, up from $33.3M a year earlier, while net loss available to common stockholders narrowed to $(24.6M) from $(100.5M) in FY 2024.
Financial Highlights
- Revenue: $46.66M for FY 2025, up from $33.32M in FY 2024 (40.1% YoY).
- Net income: Net loss available to common stockholders $(24.60M) for FY 2025, improved from a $(100.45M) loss in FY 2024 (loss narrowed).
Business Highlights
- Revenue Growth: Revenues rose roughly 40% to $46.7M in 2025, driven by sales of inventory accumulated in late 2024 and higher scrap prices.
- Channel Shift & Mix: Metal sales led the growth; hauling services increased materially with improved efficiencies and fewer empty hauls.
- Operational Scaling: The company continued ramp-up of shredding operations; a second automotive shredder was expected online in Q2 2024 to boost processing capacity.
- Asset Strategy & Capacity: Acquisition of Empire (13 scrap sites) and ownership of formerly leased properties reduced rent expense and supports expansion.
- Margin & Cost Focus: Gross margin compressed to about 25% as volumes scaled; management is shifting emphasis from top-line growth to cost-saving initiatives.
Original SEC Filing: Greenwave Technology Solutions, Inc. [ GWAV ] - 10-K - Jun. 12, 2026