GWAV earnings analysis
What we found in GWAV's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
What they said about what is next.
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.
The filing reads worse than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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