NUVVE Holdings - CW26 | 8-K: FY2025 Q3 Revenue: USD 1.599 M

Revenue: As of FY2025 Q3, the actual value is USD 1.599 M.

EPS: As of FY2025 Q3, the actual value is USD -0.24.

EBIT: As of FY2025 Q3, the actual value is USD -4.634 M.

Segment Revenue

• Total revenue for the third quarter of 2025 was $1.6 million, a decrease from $1.9 million in the third quarter of 2024, primarily due to a $0.88 million decrease in services revenue, offset by a $0.40 million increase in products revenue and a $0.16 million increase in grants.

Operational Metrics

• Gross profit margins were 52.0% for the third quarter of 2025, slightly down from 52.1% in the third quarter of 2024.
• Cash operating losses increased to $4.8 million in the third quarter of 2025 from $1.2 million in the third quarter of 2024.
• Selling, general, and administrative expenses rose to $4.8 million, up by 124.0% from $2.1 million in the third quarter of 2024, driven by higher compensation expenses, public company costs, and legal fees.
• Research and development expenses increased by 66.0% to $1.2 million in the third quarter of 2025.
• Net loss for the third quarter of 2025 was $4.8 million, compared to $1.6 million in the same period of 2024, an increase of 190.6%.

Cash Flow

• Net cash used in operating activities was - $12.3 million for the nine months ended September 30, 2025.
• Net cash provided by financing activities was $13.3 million for the nine months ended September 30, 2025.

Unique Metrics

• Megawatts under management increased by 3.1% over the second quarter of 2025 to 26.4 megawatts, although it decreased by 9.6% compared to the third quarter of 2024.

Outlook / Guidance

• The company anticipates that the expansion of its stationary battery pipeline will become a larger portion of its business success in North America, Europe, and Japan.