Earnings Releases·Nov 13, 2026, 4:30 PM ET

Nuvve Holding Corp. — Third Quarter 2026 Earnings Summary

Revenue declined 31.9% year-over-year to $1.09 million, while gross profit margin contracted significantly from 52.0% to 24.0% due to higher warranty costs and project write-downs.
Net loss narrowed slightly by 2.1% to $4.7 million, though cash and restricted cash fell sharply to $357,202, and total stockholders' deficit widened to $13.4 million.
Management anticipates improved cash burn driven by lower operating costs, with R&D expenses down 61.2% and SG&A down 12.9% in the quarter.
Strategic focus is shifting toward the Astrea AI platform rollout and stationary battery pipeline developments in Europe, Japan, and New Mexico, following the decommissioning of California batteries and the cessation of Japanese battery management.
The company raised $0.97 million in gross proceeds during Q3 2026 through debt, preferred stock, and warrant exercises to support operations.