Business News and Headlines

Greenwave Raises Revenue but Loses Money in Q2 2025

Greenwave Technology Solutions reported a 39% quarter‑on‑quarter revenue increase in Q2 2025, yet posted a $4.9 million loss attributable to shareholders, slightly better than the $7.3 million loss a year earlier. Payroll and depreciation expenses surged by roughly 50% and 40% respectively, while the company slashed maintenance costs by over half and cut consulting fees by 89%. A new CFO has been hired to steer the financially strained firm, which disclosed a working‑capital deficit of more than $9.5 million and an accumulated deficit exceeding $508 million. Greenwave hopes a rail‑ or deep‑water‑port‑enabled facility will boost both revenue and profitability.