Nuvve Holding 2025 Q3 Earnings Worsening Net Loss of 190.6% Amid Strategic Expansion

Nuvve Holding (NVVE) reported a 16.7% year-over-year revenue decline to $1.60 million in Q3 2025, with guidance emphasizing expanded battery projects in Denmark and Japan. The company’s net loss widened by 190.6% to $4.79 million, underscoring persistent financial challenges despite a 90.3% improvement in per-share losses. CEO Gregory Poilasne highlighted strategic shifts toward stationary storage, including three 2-MW projects in Denmark and a 2-MW project in Japan, while addressing Nasdaq compliance through a reverse stock split and capital-raising measures.

Revenue

Nuvve Holding’s total revenue for Q3 2025 fell 16.7% year-over-year to $1.60 million, driven by a $0.88 million decline in services revenue. Products revenue increased by $0.40 million to $947,561, supported by higher customer orders, while grants added $270,190. Services revenue, however, faced headwinds due to the absence of management fees from the Fresno EV infrastructure project.

Earnings/Net Income

The company narrowed its per-share loss to $0.24 in Q3 2025 from $2.47 in Q3 2024, a 90.3% improvement. However, the net loss attributable to common stockholders widened to $4.79 million, up 190.6% year-over-year. Despite reduced losses per share, the overall financial strain persists, with six consecutive years of quarterly net losses.

Post-Earnings Price Action Review

The strategy of purchasing NVVE shares post-Q3 revenue growth and holding for 30 days proved ineffective, as the stock plummeted 45.38% to $0.26 over three years. While the Q3 earnings triggered a 205% post-market surge, long-term gains were elusive due to capital-raising dilution and deteriorating financials. Strategic initiatives in Denmark and Japan, though promising, were not reflected in short-term results. The private placement and equity line of credit further dented investor confidence, compounding the stock’s volatility.

CEO Commentary

CEO Gregory Poilasne emphasized Nuvve’s pivot to stationary storage, citing three 2-MW projects in Denmark with a >25% IRR and a 2-MW project in Japan slated for H1 2026 operations. He expressed confidence in meeting Nasdaq requirements via a reverse stock split and highlighted the platform’s scalability in addressing grid demands from heat pumps and data centers.

Guidance

Poilasne outlined expectations for accelerated stationary battery deployment in Europe, Japan, and the U.S., with Danish projects operational by late 2026. The company anticipates Q4 2025 hardware revenue strength and improved cash burn from lower operating costs. A $19M hardware/service backlog as of September 30 underscores growth potential, though specific revenue or EPS targets remain unprovided.

Additional News

Nuvve secured a 2-MW battery aggregation deal in Japan, boosting its stationary storage footprint and triggering a 180% pre-market stock surge. Simultaneously, the company announced a $50 million private placement and equity line of credit to strengthen its balance sheet and meet Nasdaq compliance by December 31, 2025. Shareholders approved a reverse stock split in October, aligning with efforts to address the $1 minimum bid price requirement. These moves underscore Nuvve’s dual focus on strategic expansion and regulatory compliance amid ongoing financial pressures.

Image Placeholder