Nuvve Holding Corp.
Business
Nuvve Holding Corp. is a grid modernization and advanced energy storage company that develops proprietary vehicle-to-grid (V2G) technology and the GIVe cloud-based software platform powered by artificial intelligence. The company's core offering is an AI-driven platform that aggregates electric vehicle and stationary batteries into virtual power plants to provide bidirectional energy services to electrical grids. Nuvve serves commercial fleet operators, school districts, automotive OEMs, charge point operators, and utilities across North America, Europe, and Asia through direct sales and channel partners, generating revenue from V2G-capable charging station sales and recurring grid services.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 5 | 5 | 8 | 5 | 4 | |
| Inventory impairment loss | 3 | 0 | — | — | — | |
| Selling, general, and administrative | 27 | 18 | 25 | 30 | 23 | |
| Research and development | 4 | 5 | 9 | 8 | 7 | |
| Total operating expenses | 37 | 26 | 40 | 42 | 31 | |
| Operating loss | −32 | −21 | −32 | −37 | −27 | |
| Interest expense, net | −2 | −767,373 | 108,182 | — | — | |
| Change in fair value of convertible notes | −140,575 | 444,656 | 0 | — | — | |
| Change in fair value of warrants/investment rights liability | 940,500 | 4 | 216,263 | — | — | |
| Change in fair value of derivative liability | 0 | −3,626 | 49,497 | 152,723 | −14,342 | |
| Other, net | 2 | −300,408 | 436,146 | 85,074 | 282,183 | |
| Total other income, net | 630,092 | 3 | 810,088 | 12 | −47 | |
| Loss before taxes | −32 | −17 | −31 | −25 | −75 | |
| Income tax (benefit) expense | −1,000 | 1,600 | 1,600 | 800 | 1,000 | |
| Net loss | −32 | −17 | −31 | −25 | −75 | |
| Less: Net loss attributable to non-controlling interests | −726,437 | −28,809 | −12,456 | −538,841 | −2 | |
| Net loss attributable to Nuvve Holding Corp. | −31 | −17 | −31 | −24 | −72 | |
| Net loss attributable to Nuvve Holding Corp. common stockholders | −31 | −17 | −32 | −25 | −73 | |
| Net loss per share attributable to Nuvve Holding Corp. common stockholders, basic (in dollars per share) | −75.65 | −1,077 | −403.57 | −47.55 | −4.37 | |
| Net loss per share attributable to Nuvve Holding Corp. common stockholders, diluted (in dollars per share) | −75.65 | −1,077 | −403.57 | −47.55 | −4.37 | |
| Weighted-average shares used in computing net loss per share attributable to Nuvve Holding Corp. common stockholders, basic (in shares) | 407,435 | 16,158 | 79,827 | 524,297 | 17 | |
| Weighted-average shares used in computing net loss per share attributable to Nuvve Holding Corp. common stockholders, diluted (in shares) | 407,435 | 16,158 | 79,827 | 524,297 | 17 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 5 | 371,497 | 2 | 16 | 32 | |
| Restricted cash | 320,000 | 320,000 | 480,000 | 480,000 | 380,000 | |
| Accounts receivable, net | 1 | 2 | 2 | 1 | 2 | |
| Inventories | 800,819 | 5 | 6 | 12 | 11 | |
| Prepaid expenses | 883,301 | 494,986 | 994,719 | 1 | — | |
| Deferred costs | 709,286 | 417,290 | 1 | — | — | |
| Due from related party | 574,503 | 0 | — | — | — | |
| Other current assets | 1 | 931,244 | 751,412 | 314,528 | — | |
| Total Current Assets | 11 | 9 | 13 | 32 | 47 | |
| Property and equipment, net | 618,444 | 613,958 | 766,264 | 636,944 | 356,194 | |
| Intangible assets, net | 1 | 1 | 1 | 1 | 1 | |
| Goodwill | 96,000 | 0 | 0 | — | — | |
| Investment in equity securities | 0 | 670,951 | 670,951 | 2 | 670,951 | |
| Investment in leases | 98,321 | 101,415 | 112,255 | 97,054 | 0 | |
| Right-of-use operating lease assets | 4 | 4 | 5 | 5 | 3 | |
| Deferred costs - noncurrent | 594,558 | 564,558 | 521,994 | — | — | |
| Security deposit, long-term | 105,782 | 15,687 | 27,690 | 8,682 | 3,057 | |
| Total Assets | 17 | 17 | 21 | 41 | 53 | |
| Accounts payable | 3 | 2 | 2 | 2 | 6 | |
| Accrued expenses | 2 | 3 | 5 | 3 | 3 | |
| Deferred revenue - current | 1 | 506,496 | 697,105 | 1 | 719,771 | |
| Convertible notes - current | 616,179 | 2 | 0 | — | — | |
| Operating lease liabilities - current | 860,130 | 914,800 | 856,250 | 824,326 | 41,513 | |
| Other liabilities | 2,340 | 6,969 | 105,141 | 113,844 | 110,574 | |
| Customer deposits | 918,631 | 0 | — | — | — | |
| Total Current Liabilities | 10 | 11 | 8 | 8 | 9 | |
| Operating lease liabilities - noncurrent | 4 | 4 | 5 | 5 | 3 | |
| Deferred revenue - noncurrent | 874,779 | 771,747 | — | — | — | |
| Due to related party - promissory notes - noncurrent | 0 | 840,500 | 0 | — | — | |
| Warrants/investment rights liability | 474,023 | 699,087 | 4,621 | 220,884 | 10 | |
| Other long-term liabilities | 172,089 | 170,794 | 681,438 | 393,179 | 18,860 | |
| Total Liabilities | 15 | 18 | 14 | 14 | 23 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Series A Convertible Preferred stock, $0.0001 par value, 35,000 shares authorized, 6,000 issued and outstanding at December 31, 2025, and zero shares issued and outstanding at December 31, 2024; aggregate liquidation preference of $6,000,000 and $0 at December 31, 2025 and December 31, 2024, respectively | 5 | 0 | — | — | — | |
| Common stock, $0.0001 par value, 400,000,000 shares authorized; 2,069,882 shares issued and 2,069,840 shares outstanding at December 31, 2025; 22,624 shares issued and 22,582 shares outstanding at December 31, 2024. | 11,758 | 6,408 | 5,927 | 2,427 | 1,888 | |
| Treasury stock, at cost, 42 shares outstanding at December 31, 2025; 42 shares outstanding at December 31, 2024. | 0 | 0 | 0 | — | — | |
| Additional paid-in capital | 194 | 164 | 156 | 144 | 122 | |
| Accumulated other comprehensive income | 38,041 | 46,494 | 93,676 | 76,182 | 113,446 | |
| Accumulated deficit | −196 | −166 | −148 | −117 | −93 | |
| Nuvve common stockholders deficit | −2 | −1 | 7 | 27 | 30 | |
| Non-controlling interests | −755,246 | −28,809 | −5 | −4 | −3 | |
| Total Nuvve stockholders deficit | −2 | −1 | 3 | 23 | 27 | |
| Total Liabilities, Nuvve stockholders' deficit and mezzanine equity | 17 | 17 | 21 | 41 | 53 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 329,500 | 337,971 | 396,210 | 289,536 | 167,558 | |
| Share-based compensation | 2 | 3 | 4 | 5 | 4 | |
| Change in fair value of warrants liability | −940,500 | −3 | −216,263 | — | — | |
| Change in fair value of derivative liability | 0 | 3,626 | −49,497 | −152,723 | 0 | |
| Fair value of warrants issued for cryptocurrency strategy consulting services | 8 | 0 | — | — | — | |
| Loss on warrants issuance | 0 | 305,065 | 0 | — | — | |
| Provision for credit losses | 990,105 | 0 | — | — | — | |
| Amortization of discount on debt and promissory notes | 162,312 | 87,222 | 0 | 0 | 116,147 | |
| Gains from the sale of equity investment interest | −244,214 | 0 | −325,155 | 0 | — | |
| Noncash lease expense | 721,870 | 357,118 | 476,208 | 421,183 | 3,636 | |
| Accounts receivable | 63,442 | −148,299 | −634,432 | 763,302 | −887,697 | |
| Inventory | 321,188 | 1 | 5 | −433,644 | −10 | |
| Prepaid expenses and other assets | −1 | 2 | −447,604 | −2 | −693,756 | |
| Accounts payable | 2 | 196,413 | −696,098 | −3 | 3 | |
| Advance deposit from customer | 918,631 | 0 | — | — | — | |
| Accrued expenses and other liabilities | −3 | −1 | 2 | 1 | 2 | |
| Deferred revenue | 622,083 | 259,026 | −206,641 | 417,481 | 626,265 | |
| Net cash used in operating activities | −17 | −16 | −21 | −34 | −29 | |
| Cash used in acquisition | −340,200 | 0 | — | — | — | |
| Purchase of property and equipment | −57,099 | −45,395 | −188,433 | −438,045 | −273,124 | |
| Proceeds from sale of equity investment interest | 915,165 | 0 | 1 | 0 | — | |
| Net cash provided by (used in) investing activities | 517,866 | −45,395 | 1 | −1 | −265,475 | |
| Proceeds from debt and promissory notes obligations, net of issuance costs | 9 | 6 | 0 | — | — | |
| Repayment of debt and promissory notes obligations | −3 | −654,655 | 0 | — | — | |
| Payment of finance lease obligations | −8,267 | −10,074 | −8,140 | −9,691 | −5,839 | |
| Proceeds from issuance of Class B units | 300,000 | 0 | — | — | — | |
| Proceeds from exercise of warrants | 4 | 155,060 | 0 | 185 | 0 | |
| Proceeds from convertible series A preferred, net of offering costs | 5 | 0 | — | — | — | |
| Proceeds from common stock offering, including pre-funded warrants, net of offering costs | 6 | 9 | 884,586 | 4 | 0 | |
| Proceeds from issuance of series 3 J-Kiss units | 41,457 | 0 | — | — | — | |
| Net cash provided by financing activities | 21 | 14 | 6 | 19 | 60 | |
| Effect of exchange rate on cash | 8,453 | −6,351 | 35,624 | −50,228 | 199,592 | |
| Net decrease in cash and restricted cash | 5 | −1 | −14 | −17 | 30 | |
| Cash paid for interest | 2 | 563,345 | 0 | — | 0 | |
| Cash paid for income taxes | 1,600 | 1,600 | 0 | 0 | 800 | |
| Conversion of Notes and accrued interest to common shares | 9 | 0 | — | 0 | 4 | |
| Payment of Promissory with Receivable | 283,578 | 0 | — | — | — | |
| Issuance of preferred class A units for acquisition | 166,698 | 0 | — | — | — | |
| Issuance of common shares in exchange for payment of promissory note | 277,786 | 0 | — | — | — | |
| Issuance of Series 3 J-Kiss units in exchange for loan receivable | 574,503 | 0 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Nuvve Holding Corp.'s CIK number?
Nuvve Holding Corp.'s SEC CIK number is 0001836875 (1836875). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Nuvve Holding Corp.'s SEC filings?
All of Nuvve Holding Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Nuvve Holding Corp. last report earnings?
Nuvve Holding Corp. (NVVE) most recently filed an earnings 8-K with the SEC on Mar 31, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001836875-26-000025). This is Nuvve Holding Corp.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Nuvve Holding Corp.'s most recent earnings 8-K?
Nuvve Holding Corp.'s latest earnings 8-K (Item 2.02) was filed Mar 31, 2026 under accession 0001836875-26-000025. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Nuvve Holding Corp.'s latest earnings 8-K →
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