Nuvve Holding Corp. Reports Q1 2025 Financial Results

Nuvve Holding Corp. ( (NVVE) ) has released its Q1 earnings. Here is a breakdown of the information Nuvve Holding Corp. presented to its investors.

Nuvve Holding Corp., a Delaware-based company, operates in the electric vehicle (EV) charging sector, focusing on vehicle-to-grid (V2G) technology that allows EVs to store and return electricity to the grid.

In its latest earnings report for the quarter ending March 31, 2025, Nuvve Holding Corp. reported a total revenue of $934,304, marking an increase from $779,756 in the same quarter of the previous year. The company continues to face financial challenges, reporting a net loss of $6,878,601, slightly higher than the $6,728,737 loss reported in the first quarter of 2024.

Key financial metrics indicate that while Nuvve’s revenue from products and services has grown, the company still faces significant operating losses, which amounted to $5,586,614 for the quarter. The company’s operating expenses have decreased from the previous year, with notable reductions in selling, general, and administrative expenses, as well as research and development costs. However, the company’s liabilities have increased, with total liabilities reaching $19,719,217 compared to $18,087,459 at the end of 2024.

Looking ahead, Nuvve’s management remains focused on expanding the commercialization of its GIVe platform and increasing its revenue streams to achieve profitability. The company acknowledges the need for additional funding to support its operations and repay its debts, emphasizing its reliance on the growing adoption of electric vehicles and the expansion of charging infrastructure.