Greenwave Q1 FY26 net loss narrows to $1.5 million; revenue more than doubles to $16.28 million
GWAV•Revenue more than doubles in Q1 FY26
Greenwave Technology Solutions posted revenue of $16.28 million, more than doubled from a year earlier (+121.93%).
- Metal revenue climbed to $14.13 million.
- Hauling revenue fell to $2.13 million.
Losses narrow but going-concern doubt remains
Net loss available to common stockholders narrowed to $1.5 million from a year earlier, an improvement of $6.16 million.
- Operating loss tightened to $1.07 million.
- Other expense eased to $431,276 from a year earlier.
- Cash on hand totaled $1.46 million, with a working capital deficit of $17.97 million; management flagged going-concern doubt.
