Nuvve (NVVE) Q1 2026 earnings summary

Executive summary

• Revenue increased 49% year-over-year to $1.39 million, driven by technical service revenue from a grid interconnection agreement and higher grant income, partially offset by lower product sales.

• Net loss narrowed to $5.6 million from $6.9 million year-over-year, reflecting higher revenue and increased other income, despite higher operating expenses.

• The company continues to operate at a loss, with negative cash flows from operations and a working capital deficit.

Financial highlights

• Total revenue: $1.39 million (Q1 2026), up from $0.93 million (Q1 2025).

• Operating loss: $5.84 million (Q1 2026) vs. $5.59 million (Q1 2025).

• Net loss attributable to common stockholders: $5.83 million (Q1 2026) vs. $6.87 million (Q1 2025).

• Cash used in operations: $6.0 million (Q1 2026), up from $1.8 million (Q1 2025).

• Cash balance at March 31, 2026: $1.7 million.

Outlook and guidance

• Management expects continued operating losses and negative cash flows, with additional funding required to support operations and repay $1.0 million of debt due within a year.

• Transition to profitability depends on expanded commercialization of the GIVe platform and achieving sufficient revenue.

• Estimated backlog as of March 31, 2026, was $4.4 million, expected to be recognized through 2027.