10-Q · July 29, 2026
Greenwave delivered strong first-quarter operating improvement: revenue increased 121.93% to $16,275,981, gross profit rose to $6,814,884, and the operating loss narrowed to $1,073,268 from $3,881,507. Cash generation…
Earnings analysis · 10-Q
GWAV earnings analysis
Filed August 18, 2026 · Our reading of the company's report
The latest report
The provided portion of Greenwave’s June 30, 2026 Form 10-Q does not include the financial statements or MD&A, so revenue, margins, EPS, balance-sheet metrics, and cash flow cannot be assessed from the supplied text.…
Read full summary
The provided portion of Greenwave’s June 30, 2026 Form 10-Q does not include the financial statements or MD&A, so revenue, margins, EPS, balance-sheet metrics, and cash flow cannot be assessed from the supplied text. The principal new disclosure is that management concluded disclosure controls and procedures were not effective as of the period end. No quantitative guidance is provided, and the filing defers risk-factor discussion to the December 31, 2025 Form 10-K.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
-
Disclosure controls remain ineffective
The filing states that disclosure controls and procedures were not effective as of the end of the period covered by the report, including controls required under Exchange Act Rules 13a-15(e) and 15d-15(e).
-
No material control changes reported
Management reported no change in internal control over financial reporting during the quarter ended June 30, 2026, that materially affected or was reasonably likely to materially affect those controls.
-
No material legal developments disclosed
The company disclosed no material developments in its legal proceedings other than matters described in Note 11, Commitments and Contingencies, in the provided filing.
What to watch
-
Ineffective disclosure controls
Management concluded that disclosure controls were not effective as of June 30, 2026, raising the risk that material information may not be recorded, processed, summarized, or reported within required SEC time periods.
-
Risk-factor updates deferred
The filing does not provide a new Item 1A risk-factor discussion; as a smaller reporting company, it directs investors to the risk factors in the Form 10-K for the year ended December 31, 2025.
-
Ongoing legal matters
The company states that legal matters remain outstanding under Note 11, Commitments and Contingencies, although it reports no material developments in the provided quarter ended June 30, 2026 disclosure.
Management's outlook
The provided 10-Q extract contains no quantitative revenue or EPS outlook. Item 1A states that risk factors are not required for this smaller reporting company and refers readers to the December 31, 2025 Form 10-K.
Earlier filings 4
10-K · June 12, 2026
Greenwave Technology Solutions (GWAV) reported a 40.1% increase in revenue to $46.66 million for the fiscal year ended December 31, 2025, driven by strong sales of metals and hauling services. Despite the growth in…
10-K · April 15, 2025
Greenwave pivoted from a technology platform into scrap metal via its 2021 acquisition of Empire and now operates 13 recycling facilities while expanding direct-to-consumer vehicle buying through ScrapApp and rolling…
10-Q · August 14, 2023
Greenwave reported Q2 revenue of $9,416,274, down from $10,704,151 a year earlier, while net loss narrowed materially to $2,265,062 (EPS $(0.20)) from a loss of $14,135,147 (EPS $(4.23)). Operating loss was $(2,090,277)…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.