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Nuvve Holding cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$3.7M in Q2 2026 · −$19.0M over twelve months

Operating cash flow−$3.4M
Capital spending−$295K
Free cash flow−$3.7M

Analysis

In Q2 2026, Nuvve Holding generated −$3.4M of operating cash flow and spent $295K on capital projects, leaving free cash flow of −$3.7M. That is $1.8M more than in Q2 2025 (−$5.5M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$18.7M; the largest uses were operating cash flow ($18.7M), capital spending ($298K); besides operations, cash came from shares issued ($11.9M), other financing ($3.0M); the cash balance fell by $1.3M.

Operating cash flow was −$3.4M against net income of −$7.3M. The largest differences: accrued liabilities +$2.2M, deferred revenue +$387K, payables −$376K.

Free cash flow

Nuvve Holding: free cash flow by quarterNuvve Holding: free cash flow by quarter−$3.5MQ3 2024−$3.4MQ4 2024−$1.8MQ1 2025−$5.5MQ2 2025−$5.1MQ3 2025−$4.3MQ4 2025−$6.0MQ1 2026−$3.7MQ2 2026
Operating cash flow less capital spending.
Nuvve Holding: operating cash flow against capital spendingNuvve Holding: operating cash flow against capital spendingOperating cash flowCapital spending−$3.5M$2KQ3 2024−$3.5M−$9KQ4 2024−$1.8M$12KQ1 2025−$5.5M$42KQ2 2025−$5.1M$3KQ3 2025−$4.3M$0Q4 2025−$6.0M$0Q1 2026−$3.4M$295KQ2 2026
Latest (Q2 2026): Operating cash flow −$3.4M, Capital spending $295K.

Capital allocation, year by year

Nuvve Holding: where the cash came from (up) and went (down), by fiscal yearNuvve Holding: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow −$29.2MFY2021: Net borrowing $13.8MFY2021: Shares issued $3.7MFY2021: Asset sales $8KFY2021: Capital spending −$273KFY2021: Buybacks −$6.0M$17.5MFY2021FY2022: Operating cash flow −$34.1MFY2022: Net borrowing −$10KFY2022: Shares issued $4.0MFY2022: Capital spending −$438K$4.0MFY2022FY2023: Operating cash flow −$21.3MFY2023: Net borrowing −$8KFY2023: Shares issued $885KFY2023: Capital spending −$188K$885KFY2023FY2024: Operating cash flow −$15.7MFY2024: Net borrowing $6.5MFY2024: Shares issued $8.5MFY2024: Capital spending −$45K$15.0MFY2024FY2025: Operating cash flow −$16.6MFY2025: Net borrowing $9.4MFY2025: Shares issued $10.5MFY2025: Capital spending −$57KFY2025: Acquisitions −$340K$19.9MFY2025
Over these 5 years operating cash flow totalled −$117M; the largest uses were operating cash flow ($117M) and buybacks ($6.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$501K
Debt$4.1M
Net debt$3.6M
Due within a year$4.1M
Cash runway0 months

Nuvve Holding is burning cash: its operations consume cash, a free cash flow of −$19.0M a year at the current rate against $501K of cash and investments: a runway of about 0 months; $4.1M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Where the cash came from and went

Nuvve Holding: sources (+) and uses (−) of cash, Q2 2026Nuvve Holding: sources (+) and uses (−) of cash, Q2 2026Operating cash flow−$3.4MNet borrowing (+) / repaid (−)$1.4MCash drawn (+) / kept (−)$1.2MOther financing$925KCapital spending−$295KShares issued$260KExchange rates−$90K
Nuvve Holding: sources (+) and uses (−) of cash, TTM to Q2 2026Nuvve Holding: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow−$18.7MShares issued$11.9MOther financing$3.0MNet borrowing (+) / repaid (−)$2.0MCash drawn (+) / kept (−)$1.3MOther investing$915KCapital spending−$298KExchange rates−$103KNot reconciled−$27K

From profit to cash

Nuvve Holding: net income to operating cash flow, Q2 2026Nuvve Holding: net income to operating cash flow, Q2 2026Net income−$7.3MDepreciation & amortization$154KStock-based pay$440Gains on disposals$241Inventory$214KPayables−$376KAccrued liabilities$2.2MDeferred revenue$387KPrepaid and other assets−$19KOperating cash flow−$3.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$3.4M−$295K$1.4M$260K$1.2M−$3.7M
Q1 2026−$6.0M—−$1K$1.8M$3.7M−$6.0M
Q4 2025−$4.3M—$449K—−$4.5M−$4.3M
Q3 2025−$5.1M−$3K$264K$4.9M$828K−$5.1M
Q2 2025−$5.5M−$42K$5.5M—−$578K−$5.5M
Q1 2025−$1.8M−$12K$3.3M$565K−$818K−$1.8M
Q4 2024−$3.5M$9K$3.9M−$15K$114K−$3.4M
Q3 2024−$3.5M−$2K$2.6M—$1.1M−$3.5M

Nuvve Holding: income statement and cash flow

Nuvve Holding, Q2 2026: revenue $1.2M (+268% year over year), operating margin -607.2%. The chart follows the revenue to costs, profit and cash.

Nuvve Holding: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.