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NVVEW

Nuvve Holding Corp.

NVVEW

Nuvve Holding Corp. • NASDAQ
$0.02 ▼ -3.39% (-0.00)
Market Cap $5.59 M
52w High $0.02
52w Low $0.02
Dividend Yield 0%
P/E 0
Volume 5.20K
Outstanding Shares 317.49M

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

Five-Year Company Overview

Income Statement

Income Statement Nuvve’s income statement looks like that of an early-stage technology platform rather than a mature retailer. Revenue has been minimal for several years, while operating and net losses have been consistent. The business has not yet shown clear signs of scale or operating leverage, and earnings per share figures are very volatile, suggesting capital structure changes such as reverse splits. Overall, the company is still in the “build and prove the model” phase, not the “grow profitably” phase.

Balance Sheet

Balance Sheet The balance sheet appears very thin and fragile. Total assets and cash have shrunk to very modest levels, while debt is now present where there was little before. Most concerning, reported equity has swung from slightly positive to deeply negative, which is a classic sign of accumulated losses overwhelming the original capital base. This leaves little cushion against setbacks and suggests a heavy reliance on lenders, new investors, or strategic partners to keep funding operations.

Cash Flow

Cash Flow Cash flow follows the same story as the income statement: operations are steadily consuming cash, with no meaningful inflow from the business itself. Free cash flow is negative, even though the company is not spending much on physical assets, which fits an asset‑light, software‑heavy model. The key issue is sustainability: ongoing cash burn with very limited cash on hand means the company likely depends on external funding rounds, grants, or partnerships to continue executing its strategy.

Competitive Edge

Competitive Edge From a strategic and technology standpoint, Nuvve sits in an attractive niche: vehicle‑to‑grid software and services. It has first‑mover experience, a patented platform, and relationships with utilities, charging providers, and fleet operators, especially in school buses. These are real strengths. At the same time, the market is still young, rules are evolving, and well‑funded energy, software, and automotive players can enter or expand in this area. The company’s competitive position therefore looks promising but unproven, and its financial weakness could be a disadvantage versus larger rivals.

Innovation and R&D

Innovation and R&D Innovation is clearly the company’s core strength. The GIVe platform, focus on bidirectional charging, virtual power plants, AI‑driven energy optimization, and experiments with blockchain and digital assets all point to a highly ambitious roadmap. Asset acquisitions and international moves, like in Japan, reinforce the intellectual property base and broaden the opportunity set. The main question is not whether the ideas are interesting—they are—but whether Nuvve can fund, execute, and commercialize them fast enough before capital constraints bite.

Summary

Overall, Nuvve combines a compelling technology story with a very strained financial profile. On the one hand, it is an early innovator in vehicle‑to‑grid, with patents, partnerships, and a clear vision that ties together EVs, the grid, and intelligent software. On the other hand, it has minimal revenue, persistent losses, negative equity, and limited cash, which together point to significant financing and execution risk. For observers, the key variables to watch are: the conversion of pilots into repeatable revenue, access to fresh capital or strong strategic partners, regulatory support for V2G, and the company’s ability to narrow losses as it scales. Uncertainty is high, and outcomes could range widely depending on these factors.