Revenue: As of FY2026 Q2, the actual value is USD 1.227 M.

EPS: As of FY2026 Q2, the actual value is USD -14.45.

EBIT: As of FY2026 Q2, the actual value is USD -7.15 M.

Financial Highlights for Nuvve Holding Corp.

Revenue

Nuvve Holding Corp.’s total revenues for the second quarter of 2026 were $1.23 million, an increase of $0.89 million or 268.4% compared to $0.33 million in the second quarter of 2025. This was primarily driven by a $0.77 million rise in products revenue and a $0.18 million increase in grants, partially offset by a $0.06 million decrease in service revenue. Products revenue was $915,599 in Q2 2026, up from $141,905 in Q2 2025. Services revenue decreased to $128,337 in Q2 2026 from $191,084 in Q2 2025, while grants revenue was $182,790 in Q2 2026, compared to zero in Q2 2025. For the six months ended June 30, 2026, total revenue was $2.62 million, compared to $1.25 million for the same period in 2025. Products and services revenue for Q2 2026 included $0.92 million from DC and AC Chargers, $0.01 million from grid services, and $0.12 million from engineering services.

Gross Profit and Margins

Gross profit margins were 2.6% for the second quarter of 2026, a decrease from 60.6% in the second quarter of 2025. The cost of products and services revenue increased by $1.06 million, or 811.7%, to $1.19 million for Q2 2026 from $0.13 million for Q2 2025. Products margin decreased by 50.0% to 16.1% in Q2 2026 from 66.1% in the prior year, mainly due to higher replacement warranty costs. Services margin decreased by 289.2% to -232.6% in Q2 2026 from 56.6% in the prior year, attributed to a write-down of costs related to the Troy project. The overall products and services margin decreased by 75.1% to -14.5% in Q2 2026 from 60.6% in the prior year.

Operating Expenses

Selling, general, and administrative (SG&A) expenses were $6.5 million for the three months ended June 30, 2026, a decrease of $7.4 million or 52.9% from $13.9 million in the prior year period, primarily due to the absence of $8.2 million in warrant expenses and $1.0 million in bad debt expenses from the prior year. Research and development (R&D) expenses decreased by $0.2 million, or 14.4%, to $0.9 million in Q2 2026 from $1.1 million in Q2 2025. Total operating expenses were $8.67 million for Q2 2026, down from $15.13 million for Q2 2025.

Operating Loss

Operating loss for the second quarter of 2026 was -$7.45 million, an improvement from -$14.80 million in the second quarter of 2025. For the six months ended June 30, 2026, operating loss was -$13.29 million, compared to -$20.38 million for the same period in 2025.

Other Income (Expense)

Total other income, net, was $0.15 million in Q2 2026, a decrease of $1.08 million from $1.23 million in Q2 2025, primarily due to changes in the fair values of convertible notes and warrants liability.

Net Loss

Net loss for the second quarter of 2026 was -$7.3 million, a decrease of $6.3 million or 46.2% from -$13.6 million in the second quarter of 2025. This decrease was primarily due to increased revenue and decreased total operating expenses, partially offset by a decrease in other income. For the six months ended June 30, 2026, net loss was -$12.91 million, compared to -$20.45 million for the same period in 2025.

Cash and Cash Equivalents

Nuvve Holding Corp. had $0.5 million in cash and cash equivalents as of June 30, 2026, compared to $5.5 million at December 31, 2025. Total cash and restricted cash at the end of Q2 2026 was $820,877, a decrease from $5,787,250 at the beginning of the year.

Cash Flow

Net cash used in operating activities for the six months ended June 30, 2026, was -$9.39 million, compared to -$7.27 million for the same period in 2025. Net cash used in investing activities was -$295,479 for the six months ended June 30, 2026, compared to -$394,373 for the same period in 2025. Net cash provided by financing activities was $4.78 million for the six months ended June 30, 2026, compared to $9.01 million for the same period in 2025.

Capital Raises

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

Megawatts Under Management

Megawatts under management increased by 5.7% over the fourth quarter of 2025, reaching 29.9 megawatts as of the second quarter of 2026, up from 28.3 megawatts. This also represents a 16.8% increase compared to 25.6 megawatts in the second quarter of 2024.

Outlook

Nuvve Holding Corp. is observing a strengthening of its stationery battery pipeline in Europe, Japan, and New Mexico. The company is focusing its new business development efforts in Japan on battery aggregation services for commercial and governmental customers.