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Greenwave Technology Solutions vs Reliance: revenue, profit, margins and growth compared

Greenwave Technology Solutions brought in $46.7M of revenue in fiscal 2025, Reliance $14.3B in fiscal 2025. Revenue changed by +40.1% at Greenwave Technology Solutions and +3.3% at Reliance on the year before, so Greenwave Technology Solutions grew faster. Greenwave Technology Solutions kept -46.3% of its revenue as net profit, Reliance 5.2%.

Side by side, latest fiscal year

GWAVRS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$46.7M$14.3B
Revenue growth+40.1%+3.3%
Net income-$21.6M$739.4M
Net margin-46.3%5.2%
Free cash flown/a$502.5M
Free cash flow marginn/a3.5%
Earnings per share (diluted)-$41.21$13.98
Cash$935.8K$216.6M
Debt$5.8M$1.4B
Price to earningsn/a27.7
Market value$2M$19.8B
Dividend yieldn/a1.24%
Rank by revenue in sector#422 of 518 · Industrials#45 of 518 · Industrials

Over the years

Revenue
GWAV FY2018: $19.6KGWAV FY2019: $23.7KGWAV FY2020: $7KGWAV FY2021: $8.1MGWAV FY2022: $34MGWAV FY2023: $35.7MGWAV FY2024: $33.3MGWAV FY2025: $46.7MRS FY2018: $11.5BRS FY2019: $11BRS FY2020: $8.8BRS FY2021: $14.1BRS FY2022: $17BRS FY2023: $14.8BRS FY2024: $13.8BRS FY2025: $14.3BFY18FY19FY20FY21FY22FY23FY24FY25
GWAV $46.7MRS $14.3B
Net income
GWAV FY2018: -$16MGWAV FY2019: -$34.3MGWAV FY2020: -$14.7MGWAV FY2021: -$1.6MGWAV FY2022: -$35MGWAV FY2023: -$26.9MGWAV FY2024: -$23.9MGWAV FY2025: -$21.6MRS FY2018: $633.7MRS FY2019: $701.5MRS FY2020: $369.1MRS FY2021: $1.4BRS FY2022: $1.8BRS FY2023: $1.3BRS FY2024: $875.2MRS FY2025: $739.4MFY18FY19FY20FY21FY22FY23FY24FY25
GWAV -$21.6MRS $739.4M
Net margin
GWAV FY2018: -81,729.0%GWAV FY2019: -144,576.3%GWAV FY2020: -211,235.8%GWAV FY2021: -20.2%GWAV FY2022: -103.1%GWAV FY2023: -75.5%GWAV FY2024: -71.8%GWAV FY2025: -46.3%RS FY2018: 5.5%RS FY2019: 6.4%RS FY2020: 4.2%RS FY2021: 10.0%RS FY2022: 10.8%RS FY2023: 9.0%RS FY2024: 6.3%RS FY2025: 5.2%FY18FY19FY20FY21FY22FY23FY24FY25
GWAV -46.3%RS 5.2%
Revenue growth
GWAV FY2019: +21.0%GWAV FY2020: -70.6%GWAV FY2021: +116,184.3%GWAV FY2022: +319.6%GWAV FY2023: +5.0%GWAV FY2024: -6.6%GWAV FY2025: +40.1%RS FY2019: -4.9%RS FY2020: -19.7%RS FY2021: +59.9%RS FY2022: +20.8%RS FY2023: -13.0%RS FY2024: -6.6%RS FY2025: +3.3%FY19FY20FY21FY22FY23FY24FY25
GWAV +40.1%RS +3.3%
Free cash flow
GWAV FY2018: -$6.4MGWAV FY2021: -$2.7MGWAV FY2022: -$8.5MGWAV FY2023: -$3.6MRS FY2018: $424.7MRS FY2019: $1.1BRS FY2020: $1BRS FY2021: $562.8MRS FY2022: $1.8BRS FY2023: $1.2BRS FY2024: $999.2MRS FY2025: $502.5MFY18FY19FY20FY21FY22FY23FY24FY25
GWAV -$3.6MRS $502.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Greenwave Technology Solutions and Reliance

Which is bigger by revenue, Greenwave Technology Solutions or Reliance?

Reliance is bigger by revenue: $14.3B in fiscal 2025, against $46.7M for Greenwave Technology Solutions in fiscal 2025.

Which keeps more of its revenue as profit, Greenwave Technology Solutions or Reliance?

Greenwave Technology Solutions had a net margin of -46.3% in fiscal 2025; Reliance had 5.2% in fiscal 2025.

Which grew revenue faster, Greenwave Technology Solutions or Reliance?

In their latest fiscal years revenue changed by +40.1% at Greenwave Technology Solutions and +3.3% at Reliance.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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