Greenwave Technology Solutions, Inc. $GWAV reported a sharp increase in revenue for the first quarter of 2026, with total revenue rising to $16.3 million, up 121.93% from a year earlier. Gross profit also climbed significantly to $6.8 million, reflecting stronger top-line performance and improved scale.
At the same time, the company remained unprofitable. Operating loss came in at $1.1 million, while net loss attributable to common shareholders was $1.5 million. Diluted earnings per share were -$1.81, showing that profitability lagged behind the revenue growth.
Cash generation was positive in the quarter, with operating cash flow of $1.3 million. Greenwave ended the period with $1.5 million in cash and cash equivalents, while total liabilities rose to $29.5 million.
- Revenue: $16.3 million, up 121.93% year over year
- Gross profit: $6.8 million, up 95.46% year over year
- Operating loss: $1.1 million
- Net loss: $1.5 million
- Cash and cash equivalents: $1.5 million
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Greenwave Technology Solutions, Inc. Hedge Fund Activity
We have seen 3 institutional investors add shares of Greenwave Technology Solutions, Inc. stock to their portfolio, and 3 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GEODE CAPITAL MANAGEMENT, LLC added 14,600 shares (+inf%) to their portfolio in Q1 2026, for an estimated $49,348
- UBS GROUP AG added 9,854 shares (+350.8%) to their portfolio in Q1 2026, for an estimated $33,306
- TOWER RESEARCH CAPITAL LLC (TRC) removed 346 shares (-60.9%) from their portfolio in Q1 2026, for an estimated $1,169
- FARTHER FINANCE ADVISORS, LLC removed 45 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $152
- BANK OF AMERICA CORP /DE/ removed 5 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $16
- CITIGROUP INC added 1 shares (+inf%) to their portfolio in Q1 2026, for an estimated $3
- CWM, LLC added 0 shares (+0.0%) to their portfolio in Q1 2026, for an estimated $0
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
