Filing Flows › Nuvve Holding (NVVE) › Q3 2025
Nuvve Holding (NVVE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Nuvve Holding (NVVE) reported revenue of $1.6M for the third quarter 2025 (Q3 2025), -17% from a year earlier and +380% from the quarter before. Operating margin was -319.7%, net loss $4.8M (299.9% of revenue).
Nuvve Holding, Q3 2025: revenue $1.6M (-17% year over year), operating margin -319.7%, net loss $4.8M, operating cash flow −$5.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6M | +380% | -17% |
| Operating profit | −$5.1M | — | — |
| Net earnings | −$4.8M | — | — |
| Operating cash flow | −$5.1M | — | — |
What changed
Revenue was $1.6M in Q3 2025, down 17% year over year and up 380% from the previous quarter. Products was the largest line at 59% of revenue. Engineering Services lost $739K year over year (down 66%), 231% of the total change.
Operating costs exceeded revenue by $5.1M, an operating margin of -319.7%. Total costs grew 79% against a revenue fall of 17%. The fastest-growing cost line was SG&A (+124%). The quarter ended with a net loss of $4.8M, narrower than the previous quarter's $13.6M loss. Minority interests bore $287K of it: to shareholders the quarter was a loss of $4.5M.
Operating cash flow was −$5.1M. Non-cash charges added back $85K of depreciation and amortization and $246K of share-based compensation. Working capital and other items used $610K. Capital expenditures of $3K exceeded it, leaving free cash flow of −$5.1M.
Questions
What was Nuvve Holding's revenue in the third quarter 2025?
Nuvve Holding (NVVE) reported revenue of $1.6M for the third quarter 2025 (Q3 2025), -17% from a year earlier and +380% from the quarter before.
Was Nuvve Holding profitable in the third quarter 2025?
Operating loss was $5.1M (-319.7% of revenue) and net loss $4.8M.
Source: Nuvve Holding 10-Q on SEC EDGAR.