Nuvve Holding Corp. ( (NVVE) ) has released its Q2 earnings. Here is a breakdown of the information Nuvve Holding Corp. presented to its investors.
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Nuvve Holding Corp. is a green energy technology company specializing in vehicle-to-grid (V2G) technology, which allows electric vehicle batteries to store and resell unused energy back to the grid, enhancing the transition to clean energy. In its second quarter of 2025 financial update, Nuvve reported a decline in total revenue to $0.3 million from $0.8 million in the same period last year, alongside an increase in cash operating losses to $5.5 million. Despite the revenue drop, the company raised $6.9 million through debt obligations and equity, and an additional $5.5 million in July through a public offering, to support its growth initiatives.
Key financial metrics highlighted a significant increase in selling, general, and administrative expenses to $13.9 million, primarily due to the fair value of warrants issued for cryptocurrency strategy consulting services. The company also reported a net loss of $13.6 million, a substantial increase from the previous year’s $3.9 million loss. However, Nuvve’s gross profit remained stable at $0.2 million, and the company saw a notable improvement in product and services margin, which rose to 60.6% from 10.1% in the prior year.
Strategically, Nuvve has positioned itself at the intersection of energy, artificial intelligence, and cryptocurrency, integrating its recent acquisition of Fermata and expanding its leadership in digital asset management. The company is focusing on new business development efforts in Japan and aims to capitalize on opportunities in the cryptocurrency and blockchain economy.
Looking ahead, Nuvve’s management remains optimistic about its strategic positioning and potential to lead in the global energy management transition, supported by its AI initiatives and expanded digital asset strategy.