Nuvve Holding Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	4.19	4.88	8.01	4.91	2.92	1.94
Other Revenue	0.44	0.41	0.33	0.46	1.27	2.27
Revenue	4.63	5.29	8.33	5.37	4.19	4.21
Revenue Growth (YoY)	-10.00%	-36.56%	55.06%	28.22%	-0.45%	63.27%
Cost of Revenue	2.96	3.53	6.98	4.2	2	0.52
Gross Profit	1.67	1.75	1.35	1.18	2.19	3.69
Selling, General & Admin	28.84	17.67	24.69	30.12	22.9	5.49
Research & Development	3.94	4.54	8.76	7.98	6.52	2.89
Operating Expenses	32.78	22.21	33.46	38.09	29.42	8.38
Operating Income	-31.11	-20.46	-32.11	-36.92	-27.23	-4.69
Interest Expense	-2.26	-0.77	-	-	-47.34	-0.31
Interest & Investment Income	-	-	0.11	0.13	-	-
Other Non Operating Income (Expenses)	3.03	3.8	0.7	12.22	-0.04	0.12
EBT Excluding Unusual Items	-30.34	-17.42	-31.3	-24.56	-74.62	-4.88
Pretax Income	-30.34	-17.42	-31.3	-24.56	-74.62	-4.88
Income Tax Expense	0	0	0	0	0	0
Earnings From Continuing Operations	-30.34	-17.43	-31.3	-24.56	-74.62	-4.89
Minority Interest in Earnings	0.51	0.03	0.01	0.54	2.14	-
Net Income	-29.83	-17.4	-31.28	-24.02	-72.48	-4.89
Preferred Dividends & Other Adjustments	-	-	0.93	0.91	0.36	-
Net Income to Common	-29.83	-17.4	-32.22	-24.93	-72.84	-4.89
Shares Outstanding (Basic)	0	0	-	-	-	-
Shares Outstanding (Diluted)	0	0	-	-	-	-
EPS (Basic)	-172.01	-1076.72	-	-	-	-
EPS (Diluted)	-172.01	-1076.72	-	-	-	-
Free Cash Flow	-15.89	-15.78	-21.44	-34.52	-29.46	-3.1
Free Cash Flow Per Share	-91.61	-976.59	-	-	-	-
Gross Margin	36.05%	33.14%	16.21%	21.90%	52.22%	87.62%
Operating Margin	-671.85%	-387.05%	-385.32%	-687.01%	-649.81%	-111.35%
Profit Margin	-644.24%	-329.11%	-386.64%	-463.92%	-1738.16%	-116.05%
Free Cash Flow Margin	-343.13%	-298.51%	-257.35%	-642.43%	-703.07%	-73.67%
EBITDA	-30.78	-20.12	-31.71	-36.63	-27.06	-4.52
EBITDA Margin	-	-	-	-	-	-107.43%
D&A For EBITDA	0.33	0.34	0.4	0.29	0.17	0.16
EBIT	-31.11	-20.46	-32.11	-36.92	-27.23	-4.69
EBIT Margin	-	-	-	-	-	-111.35%
Revenue as Reported	4.63	5.29	8.33	5.37	4.19	4.21

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q