Greenwave Technology Solutions, Inc. (GWAV) intrinsic value & 10-year financials
Greenwave Technology Solutions, Inc. (GWAV) has a Graham intrinsic value of $5.98 per share. At $2.49 on Oct 17, 2026, the stock trades 58% below that value. Over the last 10 fiscal years revenue grew 59.4% a year to $46.7M, with an average return on invested capital of 441.9%.
- Graham intrinsic value
- $5.98
- Share price (Oct 17, 2026)
- $2.49
- Price vs Graham value
- 58% below
- Market cap
- $1.5M
- Revenue (FY2025)
- $46.7M
- Revenue growth (10-yr CAGR)
- 59.4%
- ROIC (10-yr avg)
- 441.9%
- Free cash flow (FY2025)
- —
GWAV 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $46.7M | -$21.6M | -$41.21 | — | -42.5% | -49.2% |
| FY2024 | $33.3M | -$23.9M | -$8.47 | — | -102.8% | -98.2% |
| FY2023 | $35.7M | -$26.9M | -$2.57 | -$3.6M | -54.7% | -93.3% |
| FY2022 | $34.0M | -$35.0M | -$4.86 | -$8.5M | -32.0% | 1522.0% |
| FY2021 | $8.1M | -$1.6M | $0.18 | -$2.7M | -36.2% | 6.2% |
| FY2020 | $7.0K | -$14.7M | -$0.04 | — | -16660.1% | 39.4% |
| FY2019 | $23.7K | -$34.3M | -$0.10 | — | -14535.9% | 500.3% |
| FY2018 | $19.6K | -$16.0M | — | -$6.4M | -70850.2% | 233.8% |
| FY2017 | $319.2K | -$44.4M | — | — | -11528.5% | 711.9% |
| FY2016 | $701.6K | -$18.0M | — | — | -1938.8% | 1646.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Greenwave Technology Solutions, Inc. is a consistent compounder, expanding top-line revenue at 59.4% annually over the past decade.
Greenwave Technology Solutions, Inc. has historically struggled to out-earn its cost of capital, averaging just -30.3% ROIC.
Greenwave Technology Solutions, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Greenwave Technology Solutions, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.98 per share.