Nuvve (NVVE) Q2 2026 earnings summary

Executive summary

• Trading was suspended on NASDAQ due to non-compliance with listing standards; shares now trade on OTCQB.

• Revenue grew 268% year-over-year for Q2 2026, driven by charging station deliveries and increased product sales.

• Net loss decreased 46% year-over-year, reflecting lower operating losses and expenses.

• Raised $2.5 million in gross proceeds through private placement, preferred stock, and warrant exercises to support operations.

• Focus is on stationary batteries and asset ownership in Japan, Europe, and New Mexico, with recurring cash flow as a strategic goal.

Financial highlights

• Q2 2026 revenue was $1.23 million, up from $0.33 million in Q2 2025, mainly from increased product sales and grants.

• Gross margin dropped to 2.6% from 26.1% year-over-year, impacted by a $1.2 million write-down and higher warranty costs.

• Net loss for Q2 2026 was $7.3 million, improved from $13.6 million in Q2 2025, due to lower operating losses.

• Cash at June 30, 2026, was $0.5 million, down from $5.5 million at year-end 2025.

• Backlog increased to $5.3 million from $4.4 million sequentially.

Outlook and guidance

• Pipeline is described as the strongest in company history, with anticipated growth in megawatts under management and backlog conversion.

• Expecting further growth in megawatts under management and improvements in cash burn due to lower operating costs.

• More developments expected in European, Japan, and New Mexico projects in coming quarters.