What are the investment strengths of Greenwave Technology Solutions Inc (GWAV)?

5-year revenue CAGR of 341% shows demand exists. Gross margin 41% (above industry median 35%) indicates viable unit economics if scale achieved. P/B ratio of 0.0009 implies market values equity at near-zero - any turnaround creates asymmetric upside from 22K market cap.

What are the investment risks for Greenwave Technology Solutions Inc (GWAV)?

Negative working capital (-7.5M) with current debt (8.2M) exceeding cash (5.5M) creates imminent liquidity crisis. Dilution or bankruptcy likely. ROE -87%, ROIC -45% TTM - destroying capital at accelerating pace. Interest expense (4.0M) consumes 12% of revenue.

Greenwave Technology Solutions Inc

GWAV

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Greenwave Technology Solutions Inc AI Insights

Informational only. Not investment advice.

As of 2025-12-30

Snapshot

FCF TTM of -34.1M on 32.1M revenue - burning more cash than generating sales. Cash runway under 6 months at current burn rate.[Free Cash Flow TTM]
Operating margin -61% vs industry median +3% - structural cost problem with OpEx (32.8M) exceeding revenue (32.1M).[Operating Margin TTM]
Goodwill/intangibles of 16.2M represents 39% of equity (41.5M) - impairment risk given operating losses.[Goodwill and Other Intangible Assets]

Watch Triggers

Cash and Equivalents: Falls below 3M or equity raise announced — At -18M annual burn, sub-3M cash signals months to insolvency
Operating Margin TTM: Improves to -30% or better — Would indicate cost restructuring gaining traction
Current Liabilities: Rises above 25M or debt covenant breach — Already 1.6x current assets - further deterioration triggers crisis

Bull Case

5-year revenue CAGR of 341% shows demand exists. Gross margin 41% (above industry median 35%) indicates viable unit economics if scale achieved.

Total Revenue 5-Year Growth TTMGross Margin TTM

P/B ratio of 0.0009 implies market values equity at near-zero - any turnaround creates asymmetric upside from 22K market cap.

P/B RatioMarket Cap TTM

Bear Case

Negative working capital (-7.5M) with current debt (8.2M) exceeding cash (5.5M) creates imminent liquidity crisis. Dilution or bankruptcy likely.

Working CapitalCurrent DebtCash and Equivalents

ROE -87%, ROIC -45% TTM - destroying capital at accelerating pace. Interest expense (4.0M) consumes 12% of revenue.

ROE TTMROIC TTMInterest Expense TTM

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

15%

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Forward Thesis

Cash crisis likely within 12 months without equity raise or operational turnaround

3-12mhigh

5.5M cash vs -18M TTM operating cash burn
Current liabilities (20.1M) exceed current assets (12.6M)
No path to profitability visible in current structure

Working capital -7.5M TTMFCF -34.1M on 32.1M revenueNet income -20.5M TTM

Valuation Context

Caveats

Public Strategies Rankings

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GWAV Fundamentals

Wholesale Trade → Merchant Wholesalers, Durable Goods

Metric	Value	YoY Growth	Industry Percentile
Market Cap	$19,056		—
Enterprise Value	$8.94M		—
P/E Ratio	0.00		—
Total Revenue - TTM	$32.14M	-8.5%	—
Earnings Per Share (diluted) - TTM	$10,195.87		—
Operating Margin - TTM	-60.9%	-32.0%	—
Net Margin - TTM	-63.8%	+24.3%	—
Free Cash Flow - TTM	$-34.09M		—
Return on Common Equity - TTM	-0.87	+279.0%	—
Beta 5Y (Monthly)	unknown		—

GWAV Dividend History

No dividends

GWAV Stock Splits

3 stock splits

08/25/25110:1 split

06/03/24150:1 split

02/28/22300:1 split

GWAV SEC Filings

Filing Date	Report Date	Report Type	Filing Link
11/19/25	03/31/25	10-Q	0001493152-25-024192
04/15/25	12/31/24	10-K	0001641172-25-004803
11/15/24	09/30/24	10-Q	0001493152-24-046276
08/19/24	06/30/24	10-Q	0001493152-24-032898
05/20/24	03/31/24	10-Q	0001493152-24-020718
04/16/24	12/31/23	10-K	0001493152-24-014799
11/14/23	09/30/23	10-Q	0001493152-23-041269
08/14/23	06/30/23	10-Q	0001493152-23-028480
05/15/23	03/31/23	10-Q	0001493152-23-017284
03/31/23	12/31/22	10-K	0001493152-23-010230
11/14/22	09/30/22	10-Q	0001493152-22-031645
08/10/22	06/30/22	10-Q	0001493152-22-021826
05/16/22	03/31/22	10-Q	0001493152-22-013442
04/13/23	12/31/21	10-K/A	0001493152-23-012161
04/14/22	12/31/21	10-K	0001493152-22-009893
11/22/21	09/30/21	10-Q	0001213900-21-061238
08/23/21	06/30/21	10-Q	0001213900-21-044344
06/25/21	03/31/21	10-Q	0001213900-21-034254
04/16/21	12/31/20	10-K	0001213900-21-021821
12/18/20	09/30/20	10-Q	0001213900-20-043506
12/07/21	09/30/20	10-Q/A	0001213900-21-063988
09/04/20	06/30/20	10-Q	0001213900-20-025438
09/04/20	03/31/20	10-Q	0001213900-20-025435
07/16/20	12/31/19	10-K	0001213900-20-017657
02/26/20	09/30/19	10-Q	0001213900-20-004843
09/03/19	06/30/19	10-Q	0001213900-19-017162
05/20/19	03/31/19	10-Q	0001213900-19-009212
04/16/19	12/31/18	10-K	0001213900-19-006509
11/16/18	09/30/18	10-Q	0001213900-18-016075
08/20/18	06/30/18	10-Q	0001213900-18-011460
05/18/18	03/31/18	10-Q	0001213900-18-006560
04/17/18	12/31/17	10-K	0001721868-18-000284
11/14/17	09/30/17	10-Q	0001721868-17-000061
08/14/17	06/30/17	10-Q	0001185185-17-001758
05/22/17	03/31/17	10-Q	0000721748-17-000355
03/31/17	12/31/16	10-K	0000721748-17-000211
11/14/16	09/30/16	10-Q	0000721748-16-001786
08/17/16	06/30/16	10-Q	0000721748-16-001592
05/16/16	03/31/16	10-Q	0000721748-16-001290
03/30/16	12/31/15	10-K	0000721748-16-001131
11/16/15	09/30/15	10-Q	0000721748-15-000839
07/21/15	06/30/15	10-Q	0000721748-15-000549
05/15/15	03/31/15	10-Q	0000721748-15-000368
04/01/15	12/31/14	10-K	0000721748-15-000192
11/14/14	09/30/14	10-Q	0000721748-14-001156
07/21/15	06/30/14	10-Q	0000721748-15-000549
05/15/15	03/31/14	10-Q	0000721748-15-000368
11/14/14	09/30/13	10-Q	0000721748-14-001156