Nuvve (NVVE) Q2 2026 Earnings Call: Revenue Rises 268%
Source Tradingkey
Key Takeaways
- Q2 2026 revenue rose 268% year over year to $1.23 million, primarily driven by higher product shipments and grant revenue.
- Net loss attributable to Nuvve common stockholders narrowed 46% to $7.0 million from $13.4 million a year earlier.
- Product, service and grant margin fell to 2.6%, reflecting a $1.2 million Troy project write-down, a heavier mix of charging-station hardware and higher DC charger warranty costs.
- Backlog increased to $5.3 million at June 30, 2026, up $0.9 million from March 31. Management expects these customer contracts to convert into sales during 2026.
- Cash totaled $0.5 million, excluding $0.3 million of restricted cash, after the company used $3.6 million in operating activities during the quarter.
- Nuvve is shifting its strategic focus toward owning and operating stationary batteries in Japan, Europe and New Mexico. Management described returning to Nasdaq or NYSE as an immediate priority, with a timeline measured in months.
Key Financial Data
| Metric | Q2 2026 / June 30, 2026 | Comparison | Key driver or context |
|---|---|---|---|
| Total revenue | $1.23 million | $0.33 million in Q2 2025; up 268% | Higher product orders, shipments and grant revenue |
| Product, service and grant margin | 2.6% | 26.1% in Q2 2025 | Troy write-down, hardware mix and DC charger warranty costs |
| Product and service margin excluding grants | (14.5%) | 11.6% in Q2 2025 | Lower quarterly margin mix |
| Operating costs excluding cost of sales | $7.5 million | $15.0 million in Q2 2025; $6.5 million in Q1 2026 | Higher sequential public-company and legal expenses |
| Cash operating expenses | $7.3 million | $5.7 million in Q2 2025; $6.0 million in Q1 2026 | Excludes stock compensation, depreciation, amortization and other one-time costs |
| Net loss attributable to common stockholders | $7.0 million | $13.4 million in Q2 2025 | Lower operating losses |
| Cash | $0.5 million | Down $1.4 million from March 31, 2026 | Excludes $0.3 million of restricted cash |
| Operating cash used | $3.6 million | — | Partly funded by equity, warrant exercises and debt |
| Backlog | $5.3 million | $4.4 million at March 31, 2026 | New customer contracts expected to convert into 2026 sales |
| Megawatts under management | 29.9 MW | Up 3.1% sequentially and 16.8% year over year | 29.7 MW from EV chargers and 0.2 MW from stationary batteries |
Business and Operating Performance
Disclaimer: The content available on Mitrade Insights is provided for informational and marketing purposes only. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
Mitrade makes no representation or warranty as to the accuracy or completeness of the information provided and accepts no liability for any loss arising from reliance on such information.
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
Mitrade makes no representation or warranty as to the accuracy or completeness of the information provided and accepts no liability for any loss arising from reliance on such information.
Recommended Articles
Understand how the Strait of Hormuz shock moved markets, and what CFD traders watched next.
Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's OutlookThe financial world is perpetually in motion, but the landscape for 2026 seems to be shaping up to be particularly dynamic. For CFD traders navigating global markets, this heightened volatility could present a distinctive set of challenges and opportunities.
The financial world is perpetually in motion, but the landscape for 2026 seems to be shaping up to be particularly dynamic. For CFD traders navigating global markets, this heightened volatility could present a distinctive set of challenges and opportunities.
Japan's Nikkei closes at record high as tech earnings overshadow Mideast concernsBy Rocky Swift TOKYO, April 24 (Reuters) - Japan's Nikkei set a closing record high on Friday, capping a third consecutive weekly gain, as enthusiasm over technology sector earnings offset uncertainty over a potential peace deal in the Middle East.The benchmark Nikkei 225 Index .N225 rose 0.9...
By Rocky Swift TOKYO, April 24 (Reuters) - Japan's Nikkei set a closing record high on Friday, capping a third consecutive weekly gain, as enthusiasm over technology sector earnings offset uncertainty over a potential peace deal in the Middle East.The benchmark Nikkei 225 Index .N225 rose 0.9...
Euro zone short-dated yields set for weekly rise on Hormuz concernsBy Stefano Rebaudo April 24 (Reuters) - Euro zone short-dated government bond yields were headed for their biggest weekly rise in over a month as tensions around the Strait of Hormuz stoked inflation fears and European Central Bank rate hike expectations.Borrowing costs tracked oil prices, which ...
By Stefano Rebaudo April 24 (Reuters) - Euro zone short-dated government bond yields were headed for their biggest weekly rise in over a month as tensions around the Strait of Hormuz stoked inflation fears and European Central Bank rate hike expectations.Borrowing costs tracked oil prices, which ...
Commerzbank’s Michael Pfister discusses how US allies in Middle East and Asia are seeking Dollar swap lines as conflicts curb energy exports and tourism.
