Greenwave Q2 FY26 net loss narrows 34.09% to $3.24 million; revenue rises 45.47% to $16 million - GWAV News | RalliesGreenwave Q2 FY26 net loss narrows 34.09% to $3.24 million; revenue rises 45.47% to $16 million
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GWAV• Q2 FY26 results
- Greenwave posted a net loss available to common stockholders of USD 3.24 million, narrowing 34.09% year over year.
- Revenue rose 45.47% to USD 16 million, driven by higher metal revenue and lower hauling revenue.
- Operating loss narrowed 38.8% to USD 2.85 million, despite operating expenses rising 31.66% to USD 8.91 million.
- Gross profit more than doubled to USD 6.06 million on higher metal margins, partly offset by weaker hauling margins.
- Cash was USD 654,987 at June 30, 2026; working capital deficit totaled USD 23.05 million, raising going-concern doubt.
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