GWAV on Nasdaq
Greenwave Technology Solutions, Inc.
American Wholesale-Metals Service Centers and of fices company.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with FOSTER L B CO, Olympic Steel or Ryerson, Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
25.4%Gross margin3
-42.5%Operating margin3
-46.3%Net margin3
40.1%Revenue growth, 20253
-83.3%Return on equity3
0.23×Debt to equity3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Scrap Metal Recycling brought in 70% of the revenue Greenwave Technology Solutions, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Scrap Metal Recycling | $23.3M | $32.9M |
| Hauling | $9.9M | $13.7M |
| Other | $137.8K | $76.3K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue75¢$34.8M
- Other costs25¢$11.9M
Out of $46.7M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues | $46.7M | $33.3M |
| Cost of Revenues | $34.8M | $20.3M |
| Gross Profit | $11.9M | $13.0M |
| Advertising | $173.4K | $53.1K |
| Payroll and related expense | $11.3M | $8.2M |
| Rent, utilities and property maintenance | $1.0M | $2.7M |
| Hauling and equipment maintenance | $5.2M | $5.3M |
| Depreciation and amortization expense | $8.7M | $7.3M |
| Impairment of tangible assets | $439.1K | |
| Stock Compensation for Services | $100.0K | |
| Consulting, accounting and legal | $1.8M | $3.2M |
| Warrants issued for services | $3.0M | |
| Stock compensation | $823.5K | |
| Other general and administrative expenses | $3.6M | $3.9M |
| Total Operating Expenses | $31.7M | $47.3M |
| Loss From Operations | -$19.8M | -$34.3M |
| Interest expense and amortization of debt discount | -$2.8M | -$5.4M |
| Shares issued for financing | -$52.2K | |
| Other expense | -$15.2K | |
| Other income | $27.0K | |
| Other income - related party | $56.1K | |
| Change in fair value of derivative liabilities | $48.3M | |
| Fain (loss) on extinguishment of debt | $980.8K | -$16.4M |
| Equity issued for warrant inducement | -$3.0M | |
| Loss on conversion of convertible notes | -$14.2M | |
| Gain on settlement of non-convertible notes payable, accrued interest, and advances | $1.1M | |
| Total Other Income (Expense) | -$1.8M | $10.3M |
| Net Loss Before Income Taxes | -$21.6M | -$23.9M |
| Net Loss | -$21.6M | -$23.9M |
| Deemed dividend for the reduction of exercise price of warrants | -$3.0M | -$52.6M |
| Deemed dividend for the reduction of the conversion price of a debt note | -$24.0M | |
| Net Loss Available to Common Stockholders | -$24.6M | -$100.4M |
| Basic | -$41.25 | -$932.14 |
| Diluted | -$41.21 | -$601.70 |
| Basic | 596.4K shares | 107.8K shares |
| Diluted | 596.4K shares | 107.8K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2025-08-31 | 2024-12-31 | 2024-02-29 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash | $935.8K | $2.6M | |||
| Inventories, net | $2.2M | $2.9M | |||
| Accounts receivable, net of allowance for doubtful accounts | $1.1M | $1.3M | |||
| Prepaid expenses | $524.7K | $921.6K | |||
| Total current assets | $4.8M | $7.6M | |||
| Property and equipment, net | $35.8M | $37.4M | |||
| Operating lease right of use assets, net | $495.5K | $1.0M | |||
| Security deposit | $31.9K | $31.9K | $17.0K | ||
| Total assets | $55.2M | $63.1M | |||
| Bank overdraft | $163.1K | $231.7K | |||
| Accounts payable and accrued expenses | $8.0M | $5.9M | |||
| Accrued payroll and related expenses | $3.9M | $3.9M | |||
| Non-convertible notes payable, current portion, net of unamortized debt discount of $162,390 and $633,396, respectively | $1.8M | $2.5M | |||
| Operating lease obligations, current portion | $272.5K | $331.5K | |||
| Total current liabilities | $23.2M | $21.1M | |||
| Operating lease obligations, less current portion | $233.5K | $773.8K | |||
| Non-convertible notes payable, net of unamortized debt discount of $1,642,823 and $1,076,554, respectively | $5.8M | $4.3M | |||
| Total liabilities | $29.2M | $26.1M | |||
| Common stock, $0.001 par value, 1,200,000,000 shares authorized; 829,631 and 237,191 shares issued and outstanding, respectively | $830 | $237 | |||
| Additional paid in capital | $546.8M | $533.3M | |||
| Accumulated deficit | -$520.9M | -$496.3M | |||
| Total stockholders equity | $25.9M | $37.0M | -$4.5M | ||
| Total liabilities and stockholders equity | $55.2M | $63.1M | |||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |||
| Common stock, par value | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 1.2B shares | 1.2B shares | |||
| Common stock, shares issued | 829.6K shares | 237.2K shares | |||
| Common stock, shares outstanding | 829.6K shares | 237.2K shares |
| Period ending | 2025-12-31 | 2025-08-31 | 2024-12-31 | 2024-02-29 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash | $935.8K | $2.6M | |||
| Inventories, net | $2.2M | $2.9M | |||
| Accounts receivable, net of allowance for doubtful accounts | $1.1M | $1.3M | |||
| Prepaid expenses | $524.7K | $921.6K | |||
| Total current assets | $4.8M | $7.6M | |||
| Property and equipment, net | $35.8M | $37.4M | |||
| Operating lease right of use assets, net | $495.5K | $1.0M | |||
| Security deposit | $31.9K | $31.9K | $17.0K | ||
| Total assets | $55.2M | $63.1M | |||
| Bank overdraft | $163.1K | $231.7K | |||
| Accounts payable and accrued expenses | $8.0M | $5.9M | |||
| Accrued payroll and related expenses | $3.9M | $3.9M | |||
| Non-convertible notes payable, current portion, net of unamortized debt discount of $162,390 and $633,396, respectively | $1.8M | $2.5M | |||
| Operating lease obligations, current portion | $272.5K | $331.5K | |||
| Total current liabilities | $23.2M | $21.1M | |||
| Operating lease obligations, less current portion | $233.5K | $773.8K | |||
| Non-convertible notes payable, net of unamortized debt discount of $1,642,823 and $1,076,554, respectively | $5.8M | $4.3M | |||
| Total liabilities | $29.2M | $26.1M | |||
| Common stock, $0.001 par value, 1,200,000,000 shares authorized; 829,631 and 237,191 shares issued and outstanding, respectively | $830 | $237 | |||
| Additional paid in capital | $546.8M | $533.3M | |||
| Accumulated deficit | -$520.9M | -$496.3M | |||
| Total stockholders equity | $25.9M | $37.0M | -$4.5M | ||
| Total liabilities and stockholders equity | $55.2M | $63.1M | |||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |||
| Common stock, par value | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 1.2B shares | 1.2B shares | |||
| Common stock, shares issued | 829.6K shares | 237.2K shares | |||
| Common stock, shares outstanding | 829.6K shares | 237.2K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$21.6M | -$23.9M |
| Depreciation and amortization | $8.7M | $7.3M |
| Interest and amortization of debt discount | $2.8M | $5.4M |
| Loss on conversion of debt | $14.2M | |
| Gain on settlement of non-convertible notes payable and advances | -$1.1M | |
| Impairments on equipment | $439.1K | |
| Stock based compensation | $100.0K | $823.5K |
| Warrants issued for services | $3.0M | |
| Equity issued for warrant inducement | $3.0M | |
| (Gain)/Loss on extinguishment | -$980.8K | $16.4M |
| Change in fair value of derivative liability | -$48.3M | |
| Due to related parties | -$200.4K | -$1.7M |
| Inventories | $648.7K | -$2.7M |
| Accounts receivable | $137.5K | -$745.5K |
| Prepaid expenses | $396.9K | -$687.2K |
| Accounts payable and accrued expenses | $1.2M | -$969.4K |
| Accrued payroll and related expenses | $3.0M | -$156.6K |
| Net cash used in operating activities | -$6.0M | -$17.3M |
| Proceeds from disposal of property and equipment | $1.1M | |
| Net cash used in investing activities | -$934.3K | -$15.9M |
| Bank overdrafts | -$68.6K | $112.9K |
| Proceeds from issuance of common stock with warrants | $10.5M | $40.4M |
| Proceeds from warrant exercises | $2.8M | |
| Repayment of convertible notes | -$1.5M | |
| Repayment of non-convertible notes payable | -$2.8M | -$2.9M |
| Repayment of non-convertible notes payable - Related party | -$2.3M | -$4.0M |
| Proceeds from factoring | $2.8M | |
| Repayments of factoring | -$3.5M | |
| Net cash provided by financing activities | $5.3M | $34.2M |
| Net (decrease)/increase in cash | -$1.6M | $1.0M |
| Cash paid during period for interest | $799.0K | $365.0K |
| Equipment purchased by issuance of non-convertible notes payable | $6.1M | |
| Non-convertible notes settled with disposal of property | $3.3M | |
| Reclassification of related party note to due to related parties | $2.3M | |
| Deemed dividend for exercise price reduction of warrants | $3.0M | $24.0M |
| Deemed dividend for conversion price reduction of note | $52.6M | |
| Exchange of related party notes to Series D Preferred | $10.0M | |
| Common shares issued for cashless exchange of warrants | $329 | $11.8K |
| Rounding for reverse split | $1.5K | $156 |
| Increase in right of use assets and operating lease liabilities | $1.1M | |
| Common shares issued upon conversion of Series Z Preferred | $1.3K | |
| Legal fees paid out of warrant exercise | $140.0K | |
| Assets purchased adjusted from Accounts Receivable | $137.5K | |
| Common shares issued upon conversion of convertible notes and accrued interest | $2.9M | |
| Land purchase with issuance of Series A-1 Preferred | $3.3M | |
| Land Purchased with deed of trust notes | $11.7M |
No quarter-by-quarter statement was filed.
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Leadership
Who has led Greenwave Technology Solutions, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerDanny Meeks Oct 20, 2021 to now12
- Chief executive officerScott C. Kveton Oct 23, 2017 to Mar 21, 201813
- Chief executive officerIsaac Dietrich Oct 15, 2014 to Dec 5, 202414
- Chief financial officerIsaac Dietrich May 5, 2023 to May 5, 202315
- Chief financial officerHoward Jordan Apr 20, 2022 to Apr 20, 202216
- Chief financial officerAshley Elizabeth Sickles Sep 21, 2022 to Sep 21, 202217
- Chief financial officerGeorge R. Pullar Feb 7, 2017 to Feb 7, 201718
- Chief financial officerJesus Quintero Dec 15, 2015 to Aug 1, 201819
- Chief operating officerDaniel Charles Hunt Jun 29, 2015 to Jan 7, 201620
Board members and other officers (22)
- Chief Technology OfficerSteven Lee Osborn Ii. Mar 12, 2018 to Mar 12, 201821
- Chief Technology OfficerLance Galey Jun 30, 2016 to Dec 29, 201622
- Chief Operations OfficerDaniel Charles Hunt Dec 29, 2016 to Jan 3, 201723
- Chief Operations OfficerHyler Fortier Mar 2, 2015 to Mar 2, 201524
- Chief Marketing OfficerTyler Knight Mar 2, 2015 to Mar 2, 201525
- Chief Technology OfficerStewart Fortier Oct 15, 2014 to Oct 28, 201426
- Board memberLisa Louise Lucas-Burke Feb 5, 2025 to Feb 5, 202527
- Board memberHenry Sicignano Iii. Jul 18, 2023 to Dec 4, 202428
- Board memberJason T. Adelman Aug 10, 2023 to Feb 28, 202529
- Board memberCheryl Elizabeth Lanthorn Apr 20, 2022 to Dec 5, 202430
- Board memberJohn Bryan Plumlee Apr 20, 2022 to Aug 18, 202231
- Board memberDanny Meeks Oct 20, 2021 to now12
- Board memberCecil Kyte Jan 3, 2018 to Aug 1, 201832
- Board memberCharles Blum Jan 3, 2018 to Aug 1, 201833
- Board memberNathan E. Shelton Jan 3, 2018 to Jan 3, 201834
- Board memberGraham Farrar Feb 26, 2018 to Aug 1, 201835
- Board memberEan Seeb Mar 2, 2015 to Jan 2, 201836
- Board memberTyler Knight Mar 2, 2015 to Mar 2, 201525
- Board memberVincent Keber Mar 2, 2015 to Jan 2, 201837
- Board memberTerence Anthony Fitch Dec 18, 2015 to Jan 2, 201838
- Board memberIsaac Dietrich Oct 15, 2014 to Oct 24, 201914
- Board memberStewart Fortier Oct 15, 2014 to Oct 28, 201426
Former names
- MassRoots, Inc.Oct 18, 2013 to Dec 7, 20212
Timeline
Filings
225 filings to the SEC since October 2021: 8 annual reports, 16 quarterly reports, 66 major events, 31 insider forms, 25 large holders, 7 private raises, 72 other. The latest 20:
- Sep 29, 2026424B3 EDGAR
- Sep 28, 2026EFFECT EDGAR
- Sep 24, 2026D EDGAR
- Sep 21, 2026DEL AM EDGAR
- Sep 18, 2026S-1 EDGAR
- Sep 11, 20268-K EDGAR
- Sep 9, 20264 EDGAR
- Sep 8, 20268-K EDGAR
- Aug 27, 20268-K EDGAR
- Aug 18, 202610-Q EDGAR
- Aug 14, 2026NT 10-Q EDGAR
- Jul 29, 202610-Q EDGAR
- Jun 15, 202610-K EDGAR
- May 27, 20268-K EDGAR
- May 15, 2026NT 10-Q EDGAR
- Apr 22, 20268-K EDGAR
- Mar 31, 2026NT 10-K EDGAR
- Mar 6, 202610-Q EDGAR
- Feb 13, 2026SCHEDULE 13G/A EDGAR
- Feb 13, 2026SCHEDULE 13G/A EDGAR
The 225 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 25 such filings since October 2021, the latest 10:
- Feb 13, 2026SCHEDULE 13G/A
- Feb 13, 2026SCHEDULE 13G/A
- Aug 14, 2025SCHEDULE 13G/A
- May 15, 2025SCHEDULE 13G
- Feb 13, 2025SCHEDULE 13G
- Feb 13, 2025SCHEDULE 13G/A
- Dec 5, 2024SC 13G
- Nov 14, 2024SC 13G/A
- Nov 14, 2024SC 13G/A
- Nov 14, 2024SC 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- Sep 7, 2026Raised $3.8 million in a private offering of equity Form D: 5 investors so far Form D
- Jun 12, 2024Raised $15.3 million in a private offering of equity Form D: 13 investors so far Form D
- May 20, 2024Raised $43 million in a private offering of securities Form D: 21 investors so far Form D
- Apr 24, 2024Raised $7.2 million in a private offering of equity Form D: 1 investor so far Form D
- Apr 24, 2024Raised $14.9 million in a private offering of securities Form D: 18 investors so far Form D
- Jul 31, 2023Raised $15 million in a private offering of debt Form D: 31 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| UBS Group AG | 10,646 | $31.5K | 0.0% | −2,017 |
| Vanguard Capital Management LLC | 3,045 | $9.0K | 0.0% | No change |
| Tower Research Capital LLC (TRC) | 863 | $2.6K | 0.0% | +641 |
| Morgan Stanley | 72 | $213 | 0.0% | No change |
| Osaic Holdings, Inc. | 9 | $26 | 0.0% | No change |
| Wells Fargo & Company/mn | 2 | $6 | 0.0% | No change |
| Caitong International Asset Management Co., Ltd | 1 | $3 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 12SEC EDGARDanny Meeks, Chief executive officer
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- 20
- 21
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- 23
- 24
- 25
- 26
- 27
- 28SEC EDGARHenry Sicignano Iii., Board member
- 29SEC EDGARJason T. Adelman, Board member
- 30
- 31SEC EDGARJohn Bryan Plumlee, Board member
- 32SEC EDGARCecil Kyte, Board member
- 33SEC EDGARCharles Blum, Board member
- 34SEC EDGARNathan E. Shelton, Board member
- 35SEC EDGARGraham Farrar, Board member
- 36SEC EDGAREan Seeb, Board member
- 37SEC EDGARVincent Keber, Board member
- 38SEC EDGARTerence Anthony Fitch, Board member