Greenwave Technology Solutions, Inc. (GWAV) Revenue History
Annual and quarterly revenue from 2013 to present
GWAV Revenue Over Time (2013–2024)
GWAV Revenue Growth History
7 of 11 years with positive growth- FY2013 revenue growth
- N/A
- FY2014 revenue growth
- +1180.9%
- FY2015 revenue growth
- +2269.5%
- FY2016 revenue growth
- +227.9%
- FY2017 revenue growth
- -54.5%
- FY2018 revenue growth
- -93.9%
- FY2019 revenue growth
- +21.0%
- FY2020 revenue growth
- -70.6%
- FY2021 revenue growth
- +116184.3%
- FY2022 revenue growth
- +319.6%
- FY2023 revenue growth
- +5.0%
- FY2024 revenue growth
- -6.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2025 | $7.3M | -13.8% |
| Q4 2024 | $8.4M | -6.7% |
| Q3 2024 | $8.5M | +4.0% |
| Q2 2024 | $7.9M | -16.3% |
| Q1 2024 | $8.5M | -6.0% |
| Q4 2023 | $9.0M | +50.3% |
| Q3 2023 | $8.2M | +11.4% |
| Q2 2023 | $9.4M | -12.0% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
GWAV's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
GWAV Revenue Analysis (2013–2024)
Current Revenue & Growth
As of June 23, 2026, Greenwave Technology Solutions, Inc. (GWAV) generated trailing twelve-month (TTM) revenue of $32.1 million, reflecting significant decline in growth of -13.8% year-over-year. The most recent quarter (Q1 2025) recorded $7.3 million in revenue, down 12.9% sequentially.
Historical Growth Trajectory
GWAV's 5-year compound annual growth rate (CAGR) stands at +326.2%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +60.2% is below the 5-year average, signalling a growth deceleration in recent years. Greenwave Technology Solutions, Inc.'s highest annual revenue of $35.7 million was recorded in 2023.
Revenue by Segment
GWAV's revenue is primarily driven by Other (100%). With over half of revenue concentrated in Other, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including STLD (+10.4% YoY), NUE (+12.3% YoY), and CMC (+2.3% YoY) — GWAV has underperformed the peer group in revenue growth. Compare GWAV vs STLD →
GWAV Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GWAVCurrent | $32M | -13.8% | +326.2% | -64.5% | |
 STLD | $18.2B | +10.4% | +13.6% | 8.1% | |
 NUE | $32.5B | +12.3% | +10.0% | 8.2% | |
 CMC | $7.8B | +2.3% | +7.3% | 6.7% | |
 RS | $14.3B | +8.5% | +10.2% | 7.2% | |
 ZEUS | $1.9B | -5.6% | +4.2% | 2.5% |
GWAV Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $33.3M | -6.6% | $5.7M | 17.0% | $-21,484,297 | -64.5% |
| 2023 | $35.7M | +5.0% | $8.7M | 24.3% | $-9,466,454 | -26.5% |
| 2022 | $34.0M | +319.6% | $8.4M | 24.7% | $-8,155,983 | -24.0% |
| 2021 | $8.1M | +116184.3% | $2.0M | 24.3% | $-2,538,687 | -31.3% |
| 2020 | $7K | -70.6% | $6K | 81.6% | $-1,160,211 | -16660.1% |
| 2019 | $24K | +21.0% | $-25,109 | -105.9% | $-2,888,621 | -12186.7% |
| 2018 | $20K | -93.9% | $-424,459 | -2165.9% | $-13,277,801 | -67754.3% |
| 2017 | $319K | -54.5% | $-26,909,486 | -8429.2% | $-33,006,968 | -10339.2% |
| 2016 | $702K | +227.9% | $-8,972,156 | -1278.8% | $-13,602,379 | -1938.8% |
| 2015 | $214K | +2269.5% | $146K | 68.3% | $-6,125,100 | -2862.7% |
| 2014 | $9K | +1180.9% | $7K | 72.4% | $-1,607,223 | -17798.7% |
| 2013 | $705 | - | $242 | 34.3% | $-919,123 | -130372.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
13+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
GWAV — Frequently Asked Questions
Quick answers to the most common questions about buying GWAV stock.
Is GWAV's revenue growth accelerating or slowing?
GWAV revenue is declining -13.8% year-over-year. TTM revenue fell to $32M, contrasting with the 5-year CAGR of +326.2%. The reversal reflects either macro headwinds or company-specific challenges.
What is GWAV's revenue history from 2013 to 2026?
Greenwave Technology Solutions, Inc. (GWAV) revenue history spans 2013 to 2026. TTM revenue as of 2026 is $32M, growing at -13.8% YoY. The 5-year CAGR is +326.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is GWAV's long-term revenue growth rate (CAGR)?
Greenwave Technology Solutions, Inc.'s 5-year revenue CAGR of +326.2% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -13.8% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for GWAV.
Why does GWAV's quarterly revenue fluctuate?
GWAV quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Greenwave Technology Solutions, Inc.'s revenue data from 2013 to 2026 shows full historical quarterly detail on this page.
How is GWAV's revenue distributed by segment?
GWAV reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does GWAV's revenue compare to industry peers?
Greenwave Technology Solutions, Inc. (GWAV) with TTM revenue of $32M and -13.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.