Greenwave Technology Solutions Inc
gwav.comWhat Do They Do?
Processes scrap metal into ferrous and nonferrous products for metal buyers, and provides hauling services to corporate clients.
10-K for FY2025, filed Jun 15, 2026Our main product is selling ferrous metal, which is used in the recycling and production of finished steel. It is categorized into heavy…View ↗
We also process nonferrous metals such as aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys and mixed metal…View ↗
Prices for our ferrous and nonferrous products are based on prevailing market rates and are subject to market cycles, worldwide steel…View ↗
The Company primarily generates revenue by purchasing scrap metal from businesses and retail suppliers, processing it, and selling the…View ↗
How Do They Make Money?
It buys and processes scrap metal, then sells the recovered metals; buyers usually pay within 14 days after delivery. It also earns revenue from hauling services for corporate clients.
10-K for FY2025, filed Jun 15, 2026
-
10-K for FY2025, filed Jun 15, 2026
FY2025 revenue by product or service ↗
$46.7M
-
10-K for FY2025, filed Jun 15, 2026
$46.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Scrap Metal Recycling
Sold outright
10-K for FY2025, filed Jun 15, 2026 |
70% |
Scrap Metal Recycling, FY2025
$32.9M Sources
|
Sold outright |
|
Hauling
Sold outright
10-K for FY2025, filed Jun 15, 2026 |
29% |
Hauling, FY2025
$13.7M Sources
|
Sold outright |
|
Other
|
0.2% |
Other, FY2025
$76.3K Sources
|
Who Are Their Customers?
Metal buyers take delivery of processed scrap, while corporate clients use hauling services. Scrap suppliers—including businesses, retailers and government organizations—unload material at Greenwave's facilities or have it picked up.
10-K for FY2025, filed Jun 15, 2026Prices for our ferrous and nonferrous products are based on prevailing market rates and are subject to market cycles, worldwide steel…View ↗
Our main sources of unprocessed metal we purchase are end-of-life vehicles, old equipment, appliances and other consumer goods, and scrap…View ↗
The Company primarily generates revenue by purchasing scrap metal from businesses and retail suppliers, processing it, and selling the…View ↗
10-K for FY2025, filed Jun 15, 2026
The Company has a concentration of customers. For the fiscal year ended December 31, 2025, two large customers individually accounted for…View ↗
Do Revenues Turn Into Profits?
No. It lost $21.6M in FY2025.
10-K for FY2025, filed Jun 15, 2026
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 18, 2026
−$3.2MView ↗
- ▼ −34% (Loss)
- vs −$4.9M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 18, 2026
Open tableView ↗
Growing. Revenue grew 31% in 2 years, from $35.7M in FY2023 to $46.7M in FY2025, about 14% a year.
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