NVVE · Nuvve Holding Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $1.60M | $333.0K | $934.3K | - | $1.92M | $802.2K | $779.8K | - | $2.71M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | $1.18M | $1.09M | $883.8K | - | $710.3K | $1.47M | $1.59M | - | $2.29M |
| SG&A | - | $4.76M | $13.91M | $5.08M | - | $2.13M | $4.49M | $5.93M | - | $6.48M |
| Total Operating Expenses | - | $6.71M | $15.13M | $6.52M | - | $3.76M | $6.57M | $8.03M | - | $11.18M |
| D&A | - | $46.4K | $46.7K | $44.0K | - | $49.0K | $51.1K | $51.8K | - | $35.9K |
| Operating Income | - | ($5.11M) | ($14.80M) | ($5.59M) | - | ($1.84M) | ($5.76M) | ($7.25M) | - | ($8.46M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | $0 | $0 | $0 | - | $0 | $0 | $0 | - | $0 |
| Net Income | - | ($4.51M) | ($13.38M) | ($6.87M) | - | ($1.65M) | ($3.94M) | ($6.71M) | - | ($8.34M) |
| EPS - Basic | - | ($9.60) | ($84.80) | ($155.20) | - | ($98.80) | ($268.00) | ($676.00) | - | ($4320.00) |
| EPS - Diluted | - | ($9.60) | ($84.80) | ($155.20) | - | ($98.80) | ($268.00) | ($676.00) | - | ($4320.00) |
Balance Sheet
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.47M | $939.4K | $1.77M | $1.19M | $371.5K | $325.2K | $1.43M | $5.28M | $1.53M | $13.86M |
| Accounts Receivable | $1.09M | $1.11M | $349.4K | $1.49M | $2.15M | $1.67M | $516.2K | $1.28M | $1.72M | $2.67M |
| Inventory | $800.8K | $4.26M | $4.27M | $4.15M | $4.59M | $5.66M | $6.04M | $6.08M | $5.89M | $6.83M |
| Accounts Payable | $3.41M | $2.94M | $1.40M | $2.19M | $1.88M | $2.18M | $1.87M | $1.48M | $1.69M | $1.68M |
| Current Assets | $11.03M | $9.55M | $8.78M | $9.10M | $9.28M | $10.40M | $11.29M | $16.10M | $13.04M | $26.48M |
| Total Assets | $17.39M | $16.76M | $16.99M | $16.48M | $16.80M | $18.34M | $18.53M | $23.54M | $20.95M | $34.46M |
| Current Liabilities | $9.78M | $12.94M | $13.29M | $12.36M | $11.35M | $9.06M | $8.72M | $8.78M | $8.32M | $17.89M |
| Long-term Debt | $0 | $840.5K | $1.46M | $1.60M | $840.5K | $0 | - | - | - | - |
| Total Liabilities | $14.86M | $18.67M | $19.82M | $19.72M | $18.09M | $15.33M | $15.79M | $17.46M | $13.96M | $23.62M |
| Stockholders' Equity | ($1.67M) | ($1.41M) | ($2.60M) | ($3.21M) | ($1.26M) | $3.00M | $3.33M | $6.62M | $7.47M | $11.25M |
| Retained Earnings | ($196.42M) | ($190.36M) | ($185.85M) | ($172.47M) | ($165.60M) | ($160.54M) | ($158.89M) | ($154.96M) | ($148.24M) | ($140.96M) |
Cash Flow
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($1.81M) | - | - | - | ($4.72M) | - | - |
| Investing Cash Flow | - | - | - | ($12.3K) | - | - | - | ($40.9K) | - | - |
| Financing Cash Flow | - | - | - | $2.62M | - | - | - | $8.51M | - | - |
| CapEx | - | - | - | $12.3K | - | - | - | $40.9K | - | - |
| Free Cash Flow | - | - | - | ($1.82M) | - | - | - | ($4.77M) | - | - |
Ratios
| Metric | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | -319.7% | -4443.8% | -597.9% | - | -95.8% | -718.5% | -929.4% | - | -312.0% |
| EBITDA margin | - | -316.8% | -4429.7% | -593.2% | - | -93.2% | -712.2% | -922.8% | - | -310.7% |
| Net margin | - | -281.9% | -4017.8% | -735.6% | - | -86.0% | -491.0% | -861.1% | - | -307.5% |
| Free cash flow margin | - | - | - | -194.9% | - | - | - | -611.2% | - | - |
| FCF / Net income | - | - | - | 0.26 | - | - | - | 0.71 | - | - |
| R&D / Revenue | - | 73.8% | 328.3% | 94.6% | - | 37.0% | 183.7% | 203.9% | - | 84.5% |
| SG&A / Revenue | - | 298.0% | 4176.1% | 543.3% | - | 110.9% | 559.7% | 760.3% | - | 239.0% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | -26.9% | -78.7% | -41.7% | - | -9.0% | -21.3% | -28.5% | - | -24.2% |
| Return on equity | - | 320.2% | 513.7% | 214.3% | - | -54.9% | -118.3% | -101.4% | - | -74.1% |
| Return on invested capital | - | - | - | - | - | -48.3% | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.13 | 0.74 | 0.66 | 0.74 | 0.82 | 1.15 | 1.30 | 1.83 | 1.57 | 1.48 |
| Quick ratio | 1.05 | 0.41 | 0.34 | 0.40 | 0.41 | 0.52 | 0.60 | 1.14 | 0.86 | 1.10 |
| Cash ratio | 0.56 | 0.07 | 0.13 | 0.10 | 0.03 | 0.04 | 0.16 | 0.60 | 0.18 | 0.77 |
| Leverage | ||||||||||
| Debt / Equity | 0.00 | -0.60 | -0.56 | -0.50 | -0.67 | 0.00 | - | - | - | - |
| Debt / Assets | 0.00 | 0.05 | 0.09 | 0.10 | 0.05 | 0.00 | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -10.40 | -11.90 | -6.53 | -5.14 | -13.32 | 6.10 | 5.56 | 3.55 | 2.80 | 3.06 |
| Liabilities / Assets | 0.85 | 1.11 | 1.17 | 1.20 | 1.08 | 0.84 | 0.85 | 0.74 | 0.67 | 0.69 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.10 | 0.02 | 0.06 | - | 0.10 | 0.04 | 0.03 | - | 0.08 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | 253d | 383d | 580d | - | 317d | 235d | 600d | - | 359d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | 47.3x | 597.8x | 273.4x | - | 15518.3x |
| P / S | - | 109.1x | 719.0x | 114.6x | - | 74.1x | 2482.2x | 2321.7x | - | 64368.4x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | -16.7% | -58.5% | 19.8% | - | -29.3% | -62.2% | -58.0% | - | 389.9% |
| Revenue CAGR (3y) | - | 42.4% | -36.5% | -26.7% | - | 12.7% | -6.5% | -6.2% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | -178.3% | -156.7% | 22.9% | - | 78.3% | 30.7% | 8.0% | - | 1.6% |
| Net income growth (YoY) | - | -173.2% | -239.7% | -2.4% | - | 80.2% | 50.7% | 12.4% | - | -2.0% |
| EPS growth (YoY) | - | 90.3% | 68.4% | 77.0% | - | 97.7% | -89233.3% | -211150.0% | - | -1136742.1% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | 61.8% | - | - | - | 18.4% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -32.7% | - | - | - | - | -73.3% | -81.0% | -69.3% | -72.5% | -67.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$4.79M totalReportable Segment$4.79M · 100.0%
Product / service
$6.12M totalProduct$3.05M · 49.7%
Service$1.19M · 19.4%
Engineering Services$1.09M · 17.8%
Grant$559.2K · 9.1%
Engineering Services Management Fees$141.2K · 2.3%
Grid Services$99.0K · 1.6%
Geographic
$4.79M totalUS$4.52M · 94.3%
DK$180.4K · 3.8%
JP$94.5K · 2.0%
Peer comparison
Same SIC group: Miscellaneous Electrical Machinery, Equipment & Supplies
Comparing Nuvve Holding Corp. against the 5 most active filers in the same SIC group.