Greenwave Technology Solutions (GWAV) Cost of Revenue (2014 - 2026)

Greenwave Technology Solutions (GWAV) has reported Cost of Revenue for 11 consecutive years, with $9.5 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 145.93% year-over-year to $9.5 million; the TTM figure through Mar 2026 stood at $40.4 million (up 113.16% YoY), while the FY2025 annual figure was $34.8 million, up 71.14% from the prior year.
• Cost of Revenue fell to $9.5 million in Q1 2026 per GWAV's latest filing, from $12.8 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $12.8 million in Q4 2025 and bottomed at $3.8 million in Q1 2025.
• Historically, Cost of Revenue has averaged $6.3 million across 5 years, with a median of $5.5 million in 2023.
• Annual changes were most pronounced in 2022 — Cost of Revenue soared 1904607.07% — and 2025, when it fell 26.59%.
• Greenwave Technology Solutions' Cost of Revenue stood at $4.4 million in 2022, then gained by 25.56% to $5.5 million in 2023, then fell by 17.66% to $4.5 million in 2024, then jumped by 183.46% to $12.8 million in 2025, then retreated by 26.29% to $9.5 million in 2026.
• Business Quant data shows GWAV's Cost of Revenue at $9.5 million in Q1 2026, $12.8 million in Q4 2025, and $9.2 million in Q3 2025.