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Greenwave Technology Solutions, Inc. (GWAV) 10-Year Financial Performance & Capital Metrics

GWAV • • Industrial / General
IndustrialsWaste ManagementWaste Recycling & Resource RecoveryMetal Recycling
AboutGreenwave Technology Solutions, Inc., through its subsidiary, Empire Services, Inc., operates metal recycling facilities in Virginia and North Carolina. The company, through its 11 metal recycling facilities, collects, classifies, and processes raw scrap ferrous and nonferrous metals for recycling iron, steel, aluminum, copper, lead, stainless steel, and zinc. It is involved in the purchasing and selling processed and unprocessed scrap metals to steel mills and other purchasers. The company was formerly known as MassRoots, Inc and changed its name to Greenwave Technology Solutions, Inc. in October 2021. The company was founded in 2002 and is headquartered in Suffolk, Virginia.Show more
  • Revenue $33M -6.6%
  • EBITDA -$14M -587.9%
  • Net Income -$24M +11.2%
  • EPS (Diluted) -8.47 +97.8%
  • Gross Margin 16.96% -30.2%
  • EBITDA Margin -41.49% -636.4%
  • Operating Margin -64.49% -143.0%
  • Net Margin -71.79% +4.9%
  • ROE -147.18% +70.3%
  • ROIC -38.93% -75.3%
  • Debt/Equity 0.43
  • Interest Coverage -4.00 -276.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 326.2%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 5 (bottom 5%)
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y127.35%
5Y326.16%
3Y60.23%
TTM-8.5%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM33.75%

EPS CAGR

10Y-
5Y-
3Y-
TTM125%

ROCE

10Y Avg-668.82%
5Y Avg-503.49%
3Y Avg-503.49%
Latest-65.97%

Peer Comparison

Metal Recycling
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
YDDLOne and one Green Technologies. Inc238.12M5.404529.54%12.11%36.18%0.84%0.04
AQMSAqua Metals, Inc.18.13M6.08-0.16-100%-393.27%0.26
GWAVGreenwave Technology Solutions, Inc.4.02M4.84-0.57-6.59%-63.84%-49.41%0.43

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+213.96K701.58K319.24K19.6K23.7K6.96K8.1M33.98M35.67M33.32M
Revenue Growth %22.69%2.28%-0.54%-0.94%0.21%-0.71%1161.84%3.2%0.05%-0.07%
Cost of Goods Sold+67.78K9.67M27.23M444.06K48.81K1.28K6.13M25.6M27M27.66M
COGS % of Revenue0.32%13.79%85.29%22.66%2.06%0.18%0.76%0.75%0.76%0.83%
Gross Profit+146.18K-8.97M-26.91M-424.46K-25.11K5.68K1.97M8.38M8.67M5.65M
Gross Margin %0.68%-12.79%-84.29%-21.66%-1.06%0.82%0.24%0.25%0.24%0.17%
Gross Profit Growth %21.35%-62.38%-2%0.98%0.94%1.23%345.91%3.25%0.03%-0.35%
Operating Expenses+6.27M4.63M6.1M12.85M2.86M1.17M4.51M16.54M18.13M27.14M
OpEx % of Revenue29.31%6.6%19.1%655.88%120.81%167.42%0.56%0.49%0.51%0.81%
Selling, General & Admin6.27M4.63M6.1M12.85M2.86M1.17M4.49M16.54M18.13M27.14M
SG&A % of Revenue29.31%6.6%19.1%655.88%120.81%167.42%0.55%0.49%0.51%0.81%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses000000-17.96K000
Operating Income+-6.13M-13.6M-33.01M-13.28M-2.89M-1.16M-2.54M-8.16M-9.47M-21.48M
Operating Margin %-28.63%-19.39%-103.39%-677.54%-121.87%-166.6%-0.31%-0.24%-0.27%-0.64%
Operating Income Growth %-2.81%-1.22%-1.43%0.6%0.78%0.6%-1.19%-2.21%-0.16%-1.27%
EBITDA+-6.11M-13.58M-32.59M-12.83M-2.84M-9.57M-1.25M-1.7M-2.01M-13.82M
EBITDA Margin %-28.58%-19.36%-102.09%-654.93%-119.96%-1374.37%-0.15%-0.05%-0.06%-0.41%
EBITDA Growth %-2.81%-1.22%-1.4%0.61%0.78%-2.37%0.87%-0.36%-0.18%-5.88%
D&A (Non-Cash Add-back)10.17K19.45K416.25K443.06K45.28K01.28M6.45M7.46M7.66M
EBIT-8.36M-14.18M-43.73M-14.05M-29.33M-9.57M8.93M-964.06K-18.04M-18.55M
Net Interest Income+-111.4K-3.85M-659.77K-1.97M-4.94M-5.14M-10.56M-34.08M-8.9M-5.36M
Interest Income0000000000
Interest Expense111.4K3.85M659.77K1.97M4.94M5.14M10.56M34.08M8.9M5.36M
Other Income/Expense-2.35M-4.43M-11.38M-2.74M-31.38M-13.55M906.27K-26.89M-17.47M-2.43M
Pretax Income+-8.47M-18.03M-44.39M-16.02M-34.27M-14.71M-1.63M-35.04M-26.94M-23.92M
Pretax Margin %-39.6%-25.7%-139.05%-817.29%-1445.76%-2112.36%-0.2%-1.03%-0.76%-0.72%
Income Tax+0000000000
Effective Tax Rate %1%1%1%1%2.32%1%1%1%1%1%
Net Income+-8.47M-18.03M-44.39M-16.02M-79.42M-14.71M-1.63M-35.04M-26.94M-23.92M
Net Margin %-39.6%-25.7%-139.05%-817.29%-3350.46%-2112.36%-0.2%-1.03%-0.76%-0.72%
Net Income Growth %-2.48%-1.13%-1.46%0.64%-3.96%0.81%0.89%-20.47%0.23%0.11%
Net Income (Continuing)-8.47M-18.03M-44.39M-16.02M-34.27M-14.71M-1.63M-35.04M-26.94M-23.92M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-8550.00-15300.00-20700.00-4623.75-8602.20-3611.2550.85-9.71-385.81-8.47
EPS Growth %-0.12%-0.79%-0.35%0.78%-0.86%0.58%1.01%-1.19%-38.73%0.98%
EPS (Basic)-8550.00-15300.00-20700.00-4623.75-8602.20-3611.2585.95-9.71-385.81-8.47
Diluted Shares Outstanding9741.18K2.16K3.46K12.82K30.91K54.67K6.58M87.08K11.85M
Basic Shares Outstanding9741.18K2.16K3.46K12.82K30.91K32.33K6.58M87.08K11.85M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+438.75K377.8K1.22M43.57K3.1K98.62K3.34M1.24M2.69M7.64M
Cash & Short-Term Investments386.32K374.49K1.2M29.57K1.12K1.49K2.96M821.8K1.55M2.58M
Cash Only386.32K374.49K1.2M29.57K1.12K1.49K2.96M821.8K1.55M2.58M
Short-Term Investments0000000000
Accounts Receivable39.5K3.31K00000215.26K646.41K1.25M
Days Sales Outstanding67.381.72-----2.316.6113.74
Inventory0000000189.65K200.43K2.89M
Days Inventory Outstanding-------2.72.7138.13
Other Current Assets0016.56K14K000000
Total Non-Current Assets+281.52K345.82K1.36M525.51K0034.84M40.23M43.72M55.45M
Property, Plant & Equipment73K77.32K55.15K6.73K006.53M17.37M23.8M38.48M
Fixed Asset Turnover2.93x9.07x5.79x2.91x--1.24x1.96x1.50x0.87x
Goodwill0000002.5M000
Intangible Assets00863.94K234.86K0025.81M22.85M19.89M16.93M
Long-Term Investments175K235K403.25K247.91K000000
Other Non-Current Assets33.52K33.5K33.5K36K003.59K6.89K31.89K31.89K
Total Assets+720.28K723.62K2.57M569.08K3.1K98.62K38.18M41.47M46.41M63.09M
Asset Turnover0.30x0.97x0.12x0.03x7.66x0.07x0.21x0.82x0.77x0.53x
Asset Growth %0.97%0%2.56%-0.78%-0.99%30.86%386.13%0.09%0.12%0.36%
Total Current Liabilities+194.44K1.71M13.95M7.41M36.87M37.72M59.47M19.01M23.27M21.1M
Accounts Payable110K382.55K1.26M959.67K5.46M1.11M623.56K1.55M1.88M2.36M
Days Payables Outstanding592.314.4316.86788.8240.79K316.64K37.1522.0825.4831.2
Short-Term Debt00796.99K2.5M7.12M3.35M6.78M6.71M10.81M10.43M
Deferred Revenue (Current)027.01K800.39K958.65K337.5K1000K25K25K00
Other Current Liabilities-901.3M10.29M020.24M21.61M44.05M206.67K2.07M25.12K
Current Ratio2.26x0.22x0.09x0.01x0.00x0.00x0.06x0.07x0.12x0.36x
Quick Ratio2.26x0.22x0.09x0.01x0.00x0.00x0.06x0.06x0.11x0.23x
Cash Conversion Cycle--------17.07-16.1620.67
Total Non-Current Liabilities+209.1K108.1K2.86M4.41M12.91M110K2.06M7.12M27.6M5.04M
Long-Term Debt209.1K108.1K000110K24.71K7M27.5M4.26M
Capital Lease Obligations0000002.03M116.26K94.94K773.82K
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities0000000000
Total Liabilities403.54K1.82M13.95M7.41M36.87M37.83M61.53M26.13M50.87M26.13M
Total Debt+209.1K108.1K796.99K2.5M7.12M3.46M10.56M16.81M38.61M15.8M
Net Debt-177.22K-266.39K-404.6K2.47M7.12M3.45M7.5M15.98M37.06M13.22M
Debt / Equity0.66x------1.10x-0.43x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-54.98x-3.54x-50.03x-6.74x-0.59x-0.23x-0.24x-0.24x-1.06x-4.00x
Total Equity+316.74K-1.1M-11.38M-6.84M-36.87M-37.73M-23.35M15.34M-4.45M36.95M
Equity Growth %1.33%-4.46%-9.39%0.4%-4.39%-0.02%0.38%1.66%-1.29%9.3%
Book Value per Share325.16-927.22-5265.82-1973.48-2876.56-1220.80-427.102.33-51.153.12
Total Shareholders' Equity316.74K-1.1M-11.38M-6.84M-36.87M-37.73M-23.35M15.34M-4.45M36.95M
Common Stock52.51K73.65K112.17K168.71K384.27K1.66K3.33K10.96K16.96K26.09K
Retained Earnings-11.83M-29.86M-74.25M-80.78M-189.56M-301.19M-298.41M-362.27M-395.87M-496.31M
Treasury Stock0000000000
Accumulated OCI5.57K1.74K12.57K80944.66K-20.07M8000
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-3.13M-6.18M-8M-6.42M-1.8M-1.04M-2.49M-2.61M-1.83M-17.25M
Operating CF Margin %-14.63%-8.81%-25.05%-327.8%-75.82%-149.03%-0.31%-0.08%-0.05%-0.52%
Operating CF Growth %-2.39%-0.98%-0.29%0.2%0.72%0.42%-1.4%-0.05%0.3%-8.41%
Net Income-8.47M-18.03M-44.39M-16.02M-34.27M-14.71M-1.63M-35.04M-26.94M-23.92M
Depreciation & Amortization10.17K19.45K416.25K443.06K45.28K5.14M1.28M3.27M7.46M7.66M
Stock-Based Compensation2.72M7.38M22.11M5.65M222.7K0166.85K0171.24K823.5K
Deferred Taxes01.55M1.6M814.92K20.32M0-11.47M000
Other Non-Cash Items5.07M2.61M11.43M1.87M10.91M8.41M9.94M25.59M16.56M5.37M
Working Capital Changes263.02K286.6K836.82K807.73K976.91K122.37K-782.38K3.57M914.91K-7.19M
Change in Receivables-28.3K36.19K6.89K000232.11K-215.26K-431.15K-745.48K
Change in Inventory012.94K-19.8K000-381K191.36K-10.78K-2.69M
Change in Payables112.91K210.46K876.74K-298.12K557.36K77.52K-609.68K1.7M-856.15K-969.38K
Cash from Investing+-244.03K-83.75K-314.83K-264.56K90.98K0-77.67K-5.94M-1.68M-15.92M
Capital Expenditures-69.03K-23.75K-57.53K-264.56K00-218.69K-5.94M-1.76M-3.58M
CapEx % of Revenue0.32%0.03%0.18%13.5%-0%0.03%0.17%0.05%0.11%
Acquisitions----------
Investments----------
Other Investing-175K-23.75K-300K-260.56K-90.98K00082.77K-12.34M
Cash from Financing+3.62M6.25M9.14M5.52M1.68M1.04M5.52M6.41M4.24M34.21M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid00000-95.84M000-23.95M
Share Repurchases----------
Other Financing542.09K1.16M5.53M805.88K-1.83M95.84M-3.97M4.13M-8.81M26.79M
Net Change in Cash----------
Free Cash Flow+-3.2M-6.21M-8.05M-6.69M-1.8M-1.04M-2.71M-8.55M-3.59M-33.18M
FCF Margin %-14.95%-8.85%-25.23%-341.3%-75.82%-149.03%-0.33%-0.25%-0.1%-1%
FCF Growth %-2.41%-0.94%-0.3%0.17%0.73%0.42%-1.61%-2.16%0.58%-8.23%
FCF per Share-3283.34-5254.71-3728.66-1930.78-140.22-33.58-49.50-1.30-41.27-2.80
FCF Conversion (FCF/Net Income)0.37x0.34x0.18x0.40x0.02x0.07x1.52x0.07x0.07x0.72x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-2675.06%-------228.48%-494.99%-147.18%
Return on Invested Capital (ROIC)--------78.57%-22.21%-38.93%
Gross Margin68.32%-1278.85%-8429.18%-2165.94%-105.93%81.58%24.34%24.66%24.3%16.96%
Net Margin-3959.98%-2569.93%-13904.68%-81729.05%-335046.22%-211235.78%-20.16%-103.13%-75.52%-71.79%
Debt / Equity0.66x------1.10x-0.43x
Interest Coverage-54.98x-3.54x-50.03x-6.74x-0.59x-0.23x-0.24x-0.24x-1.06x-4.00x
FCF Conversion0.37x0.34x0.18x0.40x0.02x0.07x1.52x0.07x0.07x0.72x
Revenue Growth2269.47%227.9%-54.5%-93.86%20.95%-70.62%116184.26%319.59%4.97%-6.59%

Revenue by Segment

2024
Other137.8K
Other Growth-

Frequently Asked Questions

Growth & Financials

Greenwave Technology Solutions, Inc. (GWAV) reported $32.1M in revenue for fiscal year 2024. This represents a 4559445% increase from $0.0M in 2013.

Greenwave Technology Solutions, Inc. (GWAV) saw revenue decline by 6.6% over the past year.

Greenwave Technology Solutions, Inc. (GWAV) reported a net loss of $20.5M for fiscal year 2024.

Dividend & Returns

Yes, Greenwave Technology Solutions, Inc. (GWAV) pays a dividend with a yield of 41.75%. This makes it attractive for income-focused investors.

Greenwave Technology Solutions, Inc. (GWAV) has a return on equity (ROE) of -147.2%. Negative ROE indicates the company is unprofitable.

Greenwave Technology Solutions, Inc. (GWAV) had negative free cash flow of $34.1M in fiscal year 2024, likely due to heavy capital investments.

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