Overview
2010Founded1
Compare with U Power Ltd, ZKGC New Energy Ltd or Polar Power, Inc., or pick any stock.
- TickerNVVE on OTC1
- IndustryMiscellaneous Electrical Machinery, Equipment & Supplies1
- HeadquartersSan Diego1
- Websitenuvve.com
- Incorporated inDE4
- Business address2488 Historic Decatur Road, Suite 230, San Diego, Ca 921064
- Filer categoryNon-accelerated filer, Smaller reporting company4
See how the biggest companies compare on our leaderboards
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product brought in 62% of the revenue Nuvve Holding Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Product | $2.6M | $3.0M |
| Engineering Services | $2.0M | $1.1M |
| Grant | $410.0K | $559.2K |
| Engineering Services, Management Fees | $848.9K | $141.2K |
| Grid Services | $321.7K | $99.0K |
Regions
United States brought in 94% of the revenue Nuvve Holding Corp broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $5.0M | $4.5M |
| DK | $306.5K | $180.4K |
| Japan | $0 | $94.5K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development13¢$3.8M
- Selling, general and admin87¢$26.8M
- Income tax0¢$1.0K
Out of $4.8M in revenue.6 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenue | $4.8M | $5.3M |
| Inventory impairment loss | $3.5M | $0 |
| Selling, general, and administrative | $26.8M | $17.7M |
| Research and development | $3.8M | $4.5M |
| Total operating expenses | $37.0M | $25.7M |
| Operating loss | -$32.2M | -$20.5M |
| Interest expense, net | -$2.0M | -$767.4K |
| Change in fair value of convertible notes | -$140.6K | $444.7K |
| Change in fair value of warrants/investment rights liability | $940.5K | $3.7M |
| Change in fair value of derivative liability | $0 | -$3.6K |
| Other, net | $1.8M | -$300.4K |
| Total other income, net | $630.1K | $3.0M |
| Loss before taxes | -$31.5M | -$17.4M |
| Income tax (benefit) expense | -$1.0K | $1.6K |
| Net loss | -$31.5M | -$17.4M |
| Less: Net loss attributable to non-controlling interests | -$726.4K | -$28.8K |
| Net loss attributable to Nuvve Holding Corp. | -$30.8M | -$17.4M |
| Net loss attributable to Nuvve Holding Corp. common stockholders | -$30.8M | -$17.4M |
| Net loss per share attributable to Nuvve Holding Corp. common stockholders, basic (in dollars per share) | -$75.65 | -$1,076.70 |
| Net loss per share attributable to Nuvve Holding Corp. common stockholders, diluted (in dollars per share) | -$75.65 | -$1,076.70 |
| Weighted-average shares used in computing net loss per share attributable to Nuvve Holding Corp. common stockholders, basic (in shares) | 407.4K shares | 16.2K shares |
| Weighted-average shares used in computing net loss per share attributable to Nuvve Holding Corp. common stockholders, diluted (in shares) | 407.4K shares | 16.2K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2025-02-28 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $5.5M | $371.5K | ||
| Restricted cash | $320.0K | $320.0K | ||
| Accounts receivable, net | $1.1M | $2.1M | ||
| Inventories | $800.8K | $4.6M | ||
| Prepaid expenses | $883.3K | $495.0K | ||
| Deferred costs | $709.3K | $417.3K | ||
| Due from related party | $574.5K | $0 | ||
| Other current assets | $1.2M | $931.2K | ||
| Total Current Assets | $11.0M | $9.3M | ||
| Property and equipment, net | $618.4K | $614.0K | ||
| Intangible assets, net | $1.1M | $1.1M | ||
| Goodwill | $96.0K | $0 | $0 | |
| Investment in equity securities | $0 | $671.0K | ||
| Investment in leases | $98.3K | $101.4K | ||
| Right-of-use operating lease assets | $3.8M | $4.5M | ||
| Deferred costs - noncurrent | $594.6K | $564.6K | ||
| Security deposit, long-term | $105.8K | $15.7K | ||
| Total Assets | $17.4M | $16.8M | ||
| Accounts payable | $3.4M | $1.9M | ||
| Accrued expenses | $1.8M | $3.4M | ||
| Deferred revenue - current | $1.0M | $506.5K | ||
| Convertible notes - current | $616.2K | $2.5M | ||
| Operating lease liabilities - current | $860.1K | $914.8K | ||
| Other liabilities | $2.3K | $7.0K | ||
| Customer deposits | $918.6K | $0 | ||
| Total Current Liabilities | $9.8M | $11.4M | ||
| Operating lease liabilities - noncurrent | $3.6M | $4.3M | ||
| Deferred revenue - noncurrent | $874.8K | $771.7K | ||
| Due to related party - promissory notes - noncurrent | $0 | $840.5K | ||
| Warrants/investment rights liability | $474.0K | $699.1K | ||
| Other long-term liabilities | $172.1K | $170.8K | ||
| Total Liabilities | $14.9M | $18.1M | ||
| Series A Convertible Preferred stock, $0.0001 par value, 35,000 shares authorized, 6,000 issued and outstanding at December 31, 2025, and zero shares issued and outstanding at December 31, 2024; aggregate liquidation preference of $6,000,000 and $0 at December 31, 2025 and December 31, 2024, respectively | $5.0M | $0 | ||
| Common stock, $0.0001 par value, 400,000,000 shares authorized; 2,069,882 shares issued and 2,069,840 shares outstanding at December 31, 2025; 22,624 shares issued and 22,582 shares outstanding at December 31, 2024. | $11.8K | $6.4K | ||
| Treasury stock, at cost, 42 shares outstanding at December 31, 2025; 42 shares outstanding at December 31, 2024. | $0 | $0 | ||
| Additional paid-in capital | $193.6M | $164.3M | ||
| Accumulated other comprehensive income | $38.0K | $46.5K | ||
| Accumulated deficit | -$196.4M | -$165.6M | ||
| Nuvve common stockholders deficit | -$1.7M | -$1.3M | ||
| Non-controlling interests | -$755.2K | -$28.8K | ||
| Total Nuvve stockholders deficit | -$2.4M | -$1.3M | $2.6M | |
| Total Liabilities, Nuvve stockholders' deficit and mezzanine equity | $17.4M | $16.8M | ||
| Common unit, par or stated value per share (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock par value (in dollars per share) | $0.00 | |||
| Preferred stock, shares authorized (in shares) | 1.0M shares | |||
| Common stock par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 400.0M shares | 200.0M shares | 400.0M shares | |
| Common stock, shares issued (in shares) | 2.1M shares | 22.6K shares | ||
| Common stock, shares outstanding (in shares) | 2.1M shares | 22.6K shares | ||
| Treasury stock, shares outstanding (in shares) | 42 shares | 42 shares | 0 shares |
| Period ending | 2025-12-31 | 2025-02-28 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $5.5M | $371.5K | ||
| Restricted cash | $320.0K | $320.0K | ||
| Accounts receivable, net | $1.1M | $2.1M | ||
| Inventories | $800.8K | $4.6M | ||
| Prepaid expenses | $883.3K | $495.0K | ||
| Deferred costs | $709.3K | $417.3K | ||
| Due from related party | $574.5K | $0 | ||
| Other current assets | $1.2M | $931.2K | ||
| Total Current Assets | $11.0M | $9.3M | ||
| Property and equipment, net | $618.4K | $614.0K | ||
| Intangible assets, net | $1.1M | $1.1M | ||
| Goodwill | $96.0K | $0 | $0 | |
| Investment in equity securities | $0 | $671.0K | ||
| Investment in leases | $98.3K | $101.4K | ||
| Right-of-use operating lease assets | $3.8M | $4.5M | ||
| Deferred costs - noncurrent | $594.6K | $564.6K | ||
| Security deposit, long-term | $105.8K | $15.7K | ||
| Total Assets | $17.4M | $16.8M | ||
| Accounts payable | $3.4M | $1.9M | ||
| Accrued expenses | $1.8M | $3.4M | ||
| Deferred revenue - current | $1.0M | $506.5K | ||
| Convertible notes - current | $616.2K | $2.5M | ||
| Operating lease liabilities - current | $860.1K | $914.8K | ||
| Other liabilities | $2.3K | $7.0K | ||
| Customer deposits | $918.6K | $0 | ||
| Total Current Liabilities | $9.8M | $11.4M | ||
| Operating lease liabilities - noncurrent | $3.6M | $4.3M | ||
| Deferred revenue - noncurrent | $874.8K | $771.7K | ||
| Due to related party - promissory notes - noncurrent | $0 | $840.5K | ||
| Warrants/investment rights liability | $474.0K | $699.1K | ||
| Other long-term liabilities | $172.1K | $170.8K | ||
| Total Liabilities | $14.9M | $18.1M | ||
| Series A Convertible Preferred stock, $0.0001 par value, 35,000 shares authorized, 6,000 issued and outstanding at December 31, 2025, and zero shares issued and outstanding at December 31, 2024; aggregate liquidation preference of $6,000,000 and $0 at December 31, 2025 and December 31, 2024, respectively | $5.0M | $0 | ||
| Common stock, $0.0001 par value, 400,000,000 shares authorized; 2,069,882 shares issued and 2,069,840 shares outstanding at December 31, 2025; 22,624 shares issued and 22,582 shares outstanding at December 31, 2024. | $11.8K | $6.4K | ||
| Treasury stock, at cost, 42 shares outstanding at December 31, 2025; 42 shares outstanding at December 31, 2024. | $0 | $0 | ||
| Additional paid-in capital | $193.6M | $164.3M | ||
| Accumulated other comprehensive income | $38.0K | $46.5K | ||
| Accumulated deficit | -$196.4M | -$165.6M | ||
| Nuvve common stockholders deficit | -$1.7M | -$1.3M | ||
| Non-controlling interests | -$755.2K | -$28.8K | ||
| Total Nuvve stockholders deficit | -$2.4M | -$1.3M | $2.6M | |
| Total Liabilities, Nuvve stockholders' deficit and mezzanine equity | $17.4M | $16.8M | ||
| Common unit, par or stated value per share (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock par value (in dollars per share) | $0.00 | |||
| Preferred stock, shares authorized (in shares) | 1.0M shares | |||
| Common stock par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 400.0M shares | 200.0M shares | 400.0M shares | |
| Common stock, shares issued (in shares) | 2.1M shares | 22.6K shares | ||
| Common stock, shares outstanding (in shares) | 2.1M shares | 22.6K shares | ||
| Treasury stock, shares outstanding (in shares) | 42 shares | 42 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$31.5M | -$17.4M |
| Depreciation and amortization | $329.5K | $338.0K |
| Share-based compensation | $2.4M | $2.6M |
| Inventory impairment loss | $3.5M | $0 |
| Change in fair value of warrants liability | -$940.5K | -$3.3M |
| Change in fair value of convertible notes | $140.6K | -$444.7K |
| Change in fair value of derivative liability | $0 | $3.6K |
| Fair value of warrants issued for cryptocurrency strategy consulting services | $8.2M | $0 |
| Loss on warrants issuance | $0 | $305.1K |
| Provision for credit losses | $990.1K | $0 |
| Amortization of discount on debt and promissory notes | $162.3K | $87.2K |
| Gains from the sale of equity investment interest | -$244.2K | $0 |
| Noncash lease expense | $721.9K | $357.1K |
| Accounts receivable | $63.4K | -$148.3K |
| Inventory | $321.2K | $1.3M |
| Prepaid expenses and other assets | -$1.2M | $1.5M |
| Accounts payable | $1.5M | $196.4K |
| Advance deposit from customer | $918.6K | $0 |
| Accrued expenses and other liabilities | -$2.6M | -$1.4M |
| Deferred revenue | $622.1K | $259.0K |
| Net cash used in operating activities | -$16.6M | -$15.7M |
| Cash used in acquisition | -$340.2K | $0 |
| Purchase of property and equipment | -$57.1K | -$45.4K |
| Proceeds from sale of equity investment interest | $915.2K | $0 |
| Net cash provided by (used in) investing activities | $517.9K | -$45.4K |
| Proceeds from debt and promissory notes obligations, net of issuance costs | $9.4M | $6.5M |
| Repayment of debt and promissory notes obligations | -$3.3M | -$654.7K |
| Payment of finance lease obligations | -$8.3K | -$10.1K |
| Proceeds from issuance of Class B units | $300.0K | $0 |
| Proceeds from exercise of warrants | $4.3M | $155.1K |
| Proceeds from convertible series A preferred, net of offering costs | $5.0M | $0 |
| Proceeds from common stock offering, including pre-funded warrants, net of offering costs | $5.5M | $8.5M |
| Proceeds from issuance of series 3 J-Kiss units | $41.5K | $0 |
| Net cash provided by financing activities | $21.2M | $14.5M |
| Effect of exchange rate on cash | $8.5K | -$6.4K |
| Net decrease in cash and restricted cash | $5.1M | -$1.3M |
| Cash paid for interest | $1.7M | $563.3K |
| Cash paid for income taxes | $1.6K | $1.6K |
| Conversion of Notes and accrued interest to common shares | $8.9M | $0 |
| Payment of Promissory with Receivable | $283.6K | $0 |
| Issuance of preferred class A units for acquisition | $166.7K | $0 |
| Issuance of common shares in exchange for payment of promissory note | $277.8K | $0 |
| Issuance of Series 3 J-Kiss units in exchange for loan receivable | $574.5K | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led Nuvve Holding Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief operating officer
201520202025
- Chief executive officerGregory Poilasne Mar 22, 2021 to now16
- PresidentTed C. Smith Mar 22, 2021 to now17
- Chief operating officerTed C. Smith Mar 22, 2021 to now17
Board members and other officers (11)
- Board memberLaura Huang Jul 7, 2025 to now18
- Board memberJames Andrew Altucher Jul 29, 2025 to now19
- Board memberBrian Arthur Johnson Aug 12, 2025 to now20
- Board memberLande Rashida La Jan 18, 2022 to Jul 5, 202321
- Board memberAngela Strand Boydston Mar 22, 2021 to Jul 5, 202322
- Board memberGregory Poilasne Mar 22, 2021 to now16
- Board memberH. David Sherman Mar 22, 2021 to now23
- Board memberJon M. Montgomery Mar 22, 2021 to now24
- Board memberRichard A. Ashby Mar 22, 2021 to Jun 8, 202125
- Board memberTed C. Smith Mar 22, 2021 to now17
- Board memberKenji Yodose Mar 23, 2021 to Aug 15, 202226
Former names
- NB Merger Corp.Dec 21, 2020 to Feb 17, 20214
Timeline
Filings
413 filings to the SEC since October 2021: 7 annual reports, 18 quarterly reports, 138 major events, 104 insider forms, 21 large holders, 7 private raises, 118 other. The latest 20:
- Oct 13, 20268-K EDGAR
- Oct 9, 202625-NSE EDGAR
- Oct 7, 20268-K EDGAR
- Sep 24, 2026D EDGAR
- Sep 16, 20268-K CURRENT REPORT EDGAR
- Sep 4, 2026D EDGAR
- Aug 27, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 14, 20268-K EDGAR
- Aug 6, 2026SCHEDULE 13G EDGAR
- Jul 29, 20268-K EDGAR
- Jul 23, 20268-K EDGAR
- Jul 22, 2026SCHEDULE 13G EDGAR
- Jul 21, 20268-K EDGAR
- Jul 20, 2026SCHEDULE 13G EDGAR
- Jul 15, 202610-Q EDGAR
- Jul 2, 20268-K EDGAR
- Jul 1, 20268-K EDGAR
- Jun 25, 20268-K EDGAR
- Jun 23, 20268-K EDGAR
The 413 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 21 such filings since October 2021, the latest 10:
- Aug 6, 2026SCHEDULE 13G
- Jul 22, 2026SCHEDULE 13G
- Jul 20, 2026SCHEDULE 13G
- Mar 31, 2025SCHEDULE 13G/A
- Mar 28, 2025SCHEDULE 13G
- Mar 28, 2025SCHEDULE 13G
- Feb 13, 2025SCHEDULE 13G/A
- Jan 17, 2025SCHEDULE 13G
- Nov 13, 2024SC 13G/A
- Nov 1, 2024SC 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- Sep 10, 2026Raised $280,000 in a private offering of debt Form D: 1 investor so far Form D
- Aug 24, 2026Raised $14.7 million in a private offering of equity Form D: 1 investor so far Form D
- Jan 16, 2026Filed a private offering of equity Form D: $25 million offered in all Form D
- Dec 30, 2025Raised $6 million in a private offering of equity Form D: 4 investors so far Form D
- Dec 31, 2024Raised $250,000 in a private offering of securities Form D: 1 investor so far Form D
- Oct 31, 2024Raised $3.8 million in a private offering of securities Form D: 5 investors so far Form D
- Aug 27, 2024Raised $500,000 in a private offering of securities Form D: 2 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| SBI Securities Co., Ltd. | 8 | $3 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
9 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Aug 13, 2021 | Austin ScottRepublican, House | Sale | $1,001 - $15,000 | +173.1% | Report |
| Aug 10, 2021 | Austin ScottRepublican, House | Partial sale | $1,001 - $15,000 | +174.3% | Report |
| Jul 16, 2021 | Austin ScottRepublican, House | Buy | $1,001 - $15,000 | −178.9% | Report |
| Jun 14, 2021 | Austin ScottRepublican, House | Sale | $1,001 - $15,000 | +181.5% | Report |
| May 25, 2021 | Austin ScottRepublican, House | Buy | $1,001 - $15,000 | −184.5% | Report |
| May 4, 2021 | Austin ScottRepublican, House | Sale | $1,001 - $15,000 | +185.7% | Report |
| Apr 13, 2021 | Austin ScottRepublican, House | Buy | $1,001 - $15,000 | −186.9% | Report |
| Apr 9, 2021 | Austin ScottRepublican, House | Buy | $1,001 - $15,000 | −187.6% | Report |
| Jul 16, 2020 | Austin ScottRepublican, House | Buy | $1,001 - $15,000 | −240.6% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Links
- Websitenuvve.com1
- X (Twitter)x.com/NuvveCorp1
- YouTubewww.youtube.com/channel/UCfOBAz8wLaFRGhNYIhuf89Q1
- LinkedInwww.linkedin.com/company/nuvve1
- WikidataQ124343843
- SEC EDGARCIK 1836875
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataNuvve Holding Corp on Wikidata
- 2
- 3Company websiteNuvve Holding Corp logo
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17SEC EDGARTed C. Smith, President
- 18SEC EDGARLaura Huang, Board member
- 19SEC EDGARJames Andrew Altucher, Board member
- 20SEC EDGARBrian Arthur Johnson, Board member
- 21SEC EDGARLande Rashida La, Board member
- 22SEC EDGARAngela Strand Boydston, Board member
- 23SEC EDGARH. David Sherman, Board member
- 24SEC EDGARJon M. Montgomery, Board member
- 25SEC EDGARRichard A. Ashby, Board member
- 26SEC EDGARKenji Yodose, Board member