Nuvve Holding 2025 Q1 Earnings Misses Targets as Net Income Widens

Nuvve Holding(NVVE) reported its fiscal 2025 Q1 earnings on May 15th, 2025. Nuvve Holding's fiscal 2025 Q1 earnings fell short of expectations, with an increase in net loss compared to the previous year. Despite the ongoing losses, the company provided optimistic guidance, anticipating growth in megawatts under management and lower operating costs. Nuvve aims to leverage its strategic contracts in New Mexico and Fresno to drive future development, signaling a cautious yet hopeful outlook for the rest of the fiscal year.

Revenue

The total revenue of Nuvve Holding increased by 19.8% to $934,304 in 2025 Q1, up from $779,756 in 2024 Q1.

Earnings/Net Income

Nuvve Holding narrowed losses to $3.88 per share in 2025 Q1 from a loss of $16.89 per share in 2024 Q1 (77.0% improvement). Meanwhile, the company's net loss widened to $-6.88 million in 2025 Q1, representing a 2.2% increase from the $-6.73 million loss recorded in 2024 Q1. The Company has sustained losses for 6 years over the corresponding fiscal quarter, highlighting ongoing financial headwinds. The EPS improvement is positive, yet persistent net losses indicate ongoing challenges.

Price Action

The stock price of Nuvve Holding has edged down 0.89% during the latest trading day, has edged down 2.63% during the most recent full trading week, and has jumped 14.43% month-to-date.

Post-Earnings Price Action Review

The strategy of purchasing Nuvve Holding (NVVE) shares after their revenue drop on the financial report release date and holding for 30 days has historically resulted in a decline. Over the past five years, this approach has yielded an annualized return of -2.2%, significantly underperforming the US market's average return of 11.6%. The data suggests that this strategy has not been profitable, as the stock has consistently depreciated in value following earnings announcements. These findings emphasize the challenges investors face when attempting to capitalize on short-term price movements in Nuvve Holding's stock, highlighting the importance of considering broader market trends and company fundamentals before making investment decisions. Despite recent fluctuations, investors may need to reassess this strategy given its track record of underperformance.

CEO Commentary

Gregory Poilasne - Chief Executive Officer: "This quarter has been a good transition quarter... our top-line revenue for the quarter is not yet where we want, but we are in a much better position than Q1 2024." He noted the receipt of 28 orders for charging stations, signaling growth despite a revenue recognition slowdown. Poilasne highlighted the critical contract with New Mexico, "representing a potential opportunity greater than $400 million of CapEx deployment over the next four years." He expressed optimism about the transformation underway, stating, "This quarter carries the fruit of many quarters of hard work... and we are very excited about the future."

Guidance

Nuvve Holding expects to see further growth in megawatts under management in 2025 as they continue to commission their backlog of customer orders. They anticipate improvements in cash burn due to lower operating costs compared to the previous year. Additionally, the company is focused on executing its M&A plan while maintaining an optimistic outlook on the opportunities ahead, particularly related to their contracts in New Mexico and Fresno.

Additional News

On May 9, 2025, Nuvve Holding Corp. announced engaging multiple digital asset advisory consultants to accelerate the growth of its newly formed subsidiary, Nuvve-DigitalAssets. This strategic move aims to develop Nuvve's digital asset portfolio, targeting decentralized finance (DeFi), decentralized physical infrastructure (DePin), programming-related tokens, and real-world asset tokenization. Additionally, on May 13, 2025, Nuvve named James Altucher, a renowned crypto investor, to its Board of Directors, enhancing its expansion into digital assets and blockchain strategy. These developments underscore Nuvve's commitment to integrating blockchain technology and digital finance into its business model, reflecting its forward-looking approach in navigating the evolving financial landscape.