Earnings ·
Nuvve Holding Corp. reported second quarter 2026 financial results on August 14, 2026
NVVENuvve Holding Corp.
Nuvve Holding Corp. reported second quarter 2026 financial results on August 14, 2026. Total revenues increased 268.4% to $1.23 million from $0.33 million in the prior year period, driven by higher product sales and grants. However, gross profit margins contracted significantly to 2.6% from 60.6%, impacted by warranty costs for discontinued DC chargers and write-downs related to the Troy project. The company raised $2.5 million through private placements and warrant exercises. Cash operating losses narrowed to $7.3 million from $14.7 million, aided by a 52.9% reduction in selling, general, and administrative expenses due to the absence of prior-year non-cash warrant and bad debt charges. Cash and cash equivalents stood at $0.5 million as of June 30, 2026. Nuvve Holding Corp. operates in the green energy technology industry, providing a vehicle-to-grid (V2G) platform for electric vehicles and stationary batteries.