Quarterly ResultJul 15, 2026, 05:01 PM
Nuvve Reports Q1 Loss, Going Concern Doubt, 1-for-18 Reverse Split
AI Summary
Nuvve Holding Corp. reported a net loss of $5.60 million for Q1 2026, an improvement from $6.88 million in Q1 2025, with total revenue increasing by 49.1% to $1.39 million. Despite revenue growth, the company's operating loss widened to $5.84 million, and net cash used in operating activities significantly increased to $6.00 million. Management has concluded that substantial doubt exists about the company's ability to continue as a going concern, and the company effected a 1-for-18 reverse stock split in July 2026, following a 1-for-40 split in December 2025.
Key Highlights
- Management identified substantial doubt about Nuvve's ability to continue as a going concern.
- A 1-for-18 reverse stock split was effective July 6, 2026, following a 1-for-40 split in December 2025.
- Total revenue for Q1 2026 increased 49.1% to $1.39 million from $0.93 million in Q1 2025.
- Net loss for Q1 2026 was $(5.60) million, an improvement from $(6.88) million in Q1 2025.
- Operating loss widened to $(5.84) million in Q1 2026 from $(5.59) million in Q1 2025.
- Net cash used in operating activities increased to $(6.00) million in Q1 2026.
- Cash and restricted cash at March 31, 2026, totaled $2.05 million.
- Nuvve stockholders' deficit improved to $(1.66) million from $(2.43) million at December 31, 2025.
Price Impact
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