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NVVE

Nuvve Holding Corp.

NVVE

Nuvve Holding Corp. • NASDAQ
$0.24 ▼ -7.58% (-0.02)
Market Cap $2.51 M
52w High $5.02
52w Low $0.15
Dividend Yield 0%
P/E -0.03
Volume 4.46M
Outstanding Shares 10.61M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.599M ▲ $5.943M ▼ $-4.507M ▲ -281.946% ▲ $-0.24 ▲ $-3.951M ▲
Q2-2025 $332.989K ▼ $14.999M ▲ $-13.379M ▼ -4.018K% ▼ $-2.12 ▲ $-14.709M ▼
Q1-2025 $934.304K ▼ $5.959M ▲ $-6.873M ▼ -735.628% ▼ $-3.88 ▲ $-5.514M ▲
Q4-2024 $1.786M ▼ $5.894M ▲ $-5.07M ▼ -283.863% ▼ $-5.75 ▼ $-5.829M ▼
Q3-2024 $1.918M $2.837M $-1.65M -86.009% $-2.47 $-1.675M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $939.415K ▼ $16.755M ▼ $18.674M ▼ $-1.407M ▲
Q2-2025 $1.767M ▲ $16.993M ▲ $19.822M ▲ $-2.604M ▲
Q1-2025 $1.19M ▲ $16.477M ▼ $19.719M ▲ $-3.207M ▼
Q4-2024 $371.497K ▲ $16.798M ▼ $18.087M ▲ $-1.261M ▼
Q3-2024 $325.245K $18.335M $15.33M $3.005M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-4.507M ▲ $-5.162M ▲ $-5.3K ▲ $4.389M ▼ $-827.991K ▼ $-5.166M ▲
Q2-2025 $-13.568M ▼ $-5.465M ▼ $-382.089K ▼ $6.39M ▲ $577.829K ▼ $-5.507M ▼
Q1-2025 $-6.879M ▼ $-1.809M ▲ $-12.284K ▼ $2.62M ▼ $818.08K ▲ $-1.821M ▲
Q4-2024 $-5.099M ▼ $-3.492M ▲ $9.235K ▲ $3.377M ▲ $-113.748K ▲ $-3.482M ▲
Q3-2024 $-1.65M $-3.506M $-1.527K $2.401M $-1.106M $-3.508M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Product
Product
 $0 ▲$0 ▲$0 ▲$0 ▲
Service
Service
 $0 ▲$0 ▲$0 ▲$0 ▲
Grant
Grant
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Nuvve’s income statement shows a company still in the very early commercial stage. Revenue has been minimal, and there is no clear sign yet of meaningful sales traction. Operating losses and net losses have been consistent year after year, which is typical for a young, R&D-heavy tech firm but also means the core business is not yet proving itself economically. The extreme swings in per‑share loss mainly reflect changes in share count and reverse splits rather than a sudden change in underlying performance. Overall, this is still a story of technology development more than a story of a functioning, scaled business model.

Balance Sheet

Balance Sheet The balance sheet is very small and looks fragile. Assets and cash are limited, while debt has started to appear. Most concerning, shareholder equity has turned sharply negative in the latest period, which signals accumulated losses have overwhelmed the company’s capital base. This combination suggests a thin financial cushion and a heavy dependence on outside funding to keep operating. From a balance sheet perspective, Nuvve currently has very little room for prolonged setbacks.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, showing that the business consumes cash rather than generating it. Free cash flow is also negative, but not because of big investments in physical assets; instead, most cash outflow is going toward funding ongoing operations, people, and product development. This pattern can be normal in an early-stage tech company, but it also means Nuvve is reliant on fresh capital raises or other external sources of liquidity to sustain its plans.

Competitive Edge

Competitive Edge Competitively, Nuvve has a genuine head start in vehicle‑to‑grid technology, with a specialized software platform, patents, and practical experience in real projects, especially with electric school bus fleets. Its partnerships with automakers, charger makers, and utilities help it navigate a complex ecosystem and give it credibility despite its small size. At the same time, the broader EV and energy management space is attracting much larger, better‑funded players. Nuvve’s small scale, weak finances, and recent diversification into cryptocurrency make its competitive position a mix of strong technical foundations but vulnerable commercial footing.

Innovation and R&D

Innovation and R&D Innovation is the clear bright spot. Nuvve’s GIVe platform, its focus on bidirectional charging, and its specialization in managing fleets as virtual power plants all point to deep domain know‑how. The Astrea AI initiative adds a data and forecasting edge, aiming to squeeze more value from energy markets. New lines of bidirectional and standard chargers show ongoing product development. However, the move into digital assets and blockchain introduces a very different kind of “innovation,” one that is more speculative and may distract from the core vehicle‑to‑grid mission unless tightly integrated and carefully managed. Continuing to fund and focus R&D on its core strengths will be essential.

Summary

Nuvve is a classic high‑concept, high‑risk story: strong technical vision in a promising niche (vehicle‑to‑grid and fleet electrification) but backed by a very small, loss‑making, and financially stretched corporate shell. The company appears to have real technology, patents, and pilot‑level deployments, yet its revenue base remains tiny and its balance sheet very weak. The recent push into cryptocurrencies adds strategic complexity and volatility to an already challenging situation. Going forward, the key questions are whether Nuvve can convert its early‑mover advantage into scaled, recurring commercial deployments and whether it can secure enough stable funding to bridge the gap from promising prototypes to a durable, self‑sustaining business.

NEWS

November 20, 2025 · 4:05 PM UTC

City of Socorro, Socorro Electric Cooperative, Inc., and Nuvve New Mexico Sign Landmark Agreement to Advance Electrification and Grid Resilience

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November 14, 2025 · 9:15 AM UTC

Nuvve Holding Corp. Announces Strategic Financing to Strengthen Equity Position

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November 13, 2025 · 4:30 PM UTC

Nuvve Provides Third Quarter 2025 Financial Update

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November 13, 2025 · 4:00 PM UTC

PG&E, Nissan, Fermata Energy, and the Schatz Energy Research Center Demonstrate Vehicle-to-Grid Technology in California

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November 12, 2025 · 4:06 PM UTC

NUVVE Japan Secures Japan's First Aggregation Agreement for Existing Stationary Storage Batteries

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