Nuvve Holding Corp. (Nasdaq: NVVE), a leader in vehicle-to-grid (V2G) technology, announced its financial results for the fourth quarter ended December 31, 2025. The company reported total revenues of $1.95 million, a slight increase from $1.79 million in the same quarter of 2024. This growth was attributed to higher product sales and grants, despite a decline in service revenue due to the cessation of management fees from the Fresno EV infrastructure project. However, Nuvve faced significant challenges, including an inventory impairment charge of $3.47 million related to non-conforming DC chargers, which impacted its overall financial performance. The company reported a net loss of $6.31 million for the quarter, compared to a loss of $5.10 million in Q4 2024. The increase in losses was primarily driven by higher operating expenses, which totaled $8.63 million, reflecting a 16.7% increase year-over-year. Nuvve's cash position improved significantly, with cash and cash equivalents rising to $5.47 million as of December 31, 2025, compared to $0.37 million a year earlier. The company also raised $8.1 million through various financing activities during the quarter to support its operations and growth initiatives. Looking ahead, Nuvve's CEO, Gregory Poilasne, expressed disappointment over the slowdown in EV adoption in the school bus market but highlighted a strategic pivot towards stationary storage aggregation services, which is expected to enhance the company's growth prospects in North America, Europe, and Japan. The company will hold a conference call to discuss these results and future strategies.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.