Nuvve Holding Corp. Q2 FY26 Results

Summary

Nuvve Holding Corp. announced its financial results for the second quarter ended June 30, 2026, reporting total revenues of $1.23 million, a substantial increase of 268.4% compared to $0.33 million in the prior year period. Despite this revenue growth, gross profit margins decreased to 2.6% from 60.6% year-over-year, impacted by higher warranty costs and project write-downs. The company also reported a reduction in cash operating losses to $7.3 million from $14.7 million in the same quarter last year. Management expressed satisfaction with the sales growth and highlighted strengthening of their stationery battery pipeline.

Key Highlights

1. 1

   Nuvve Holding Corp. raised $2.5 million in gross proceeds through private placement and issuance of preferred stock and exercise of warrants during the second quarter of 2026.

2. 2

   Total revenues were $1.23 million for the second quarter of 2026, a significant increase from $0.33 million in the second quarter of 2025.

3. 3

   Gross profit margins were 2.6% for the second quarter of 2026, a decrease from 60.6% in the second quarter of 2025.

4. 4

   Cash operating losses were $7.3 million in the second quarter of 2026, an improvement from $14.7 million in the second quarter of 2025.

5. 5

   The company had $0.5 million in cash and cash equivalents as of June 30, 2026, compared to $5.5 million at December 31, 2025.

6. 6

   Megawatts under management increased 5.7% over the fourth quarter of 2025 to 29.9 megawatts.