NVVE
Nuvve Holding Corp.
Next earnings Aug 12, 2026
$0.32
▼ -7.35%$0.32▼ -99.08%
over 1Y
L $0.29H $43.60
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-7.4%
1W+1.9%
1M-12.6%
3M-45.3%
YTD-86.8%
1Y-99.1%
Avoid
Conviction
Horizon
Long (>12mo)
Street · 7 analysts
Buy
Cash-burning micro-cap with negative equity, shrinking revenue and ~4 months of runway — a dilution machine, not an investment.
Revenue $4.79M · FY2025
Nuvve is a pre-scale V2G/energy-tech story that after five years remains structurally unprofitable and is now financially cornered. FY2025 revenue of $4.79M actually FELL 9.3% YoY (and is below FY2022's $5.37M and FY2023's $8.33M), so there is no growth trajectory to underwrite — the top line is going backwards even as the company spends. Against that revenue the company posted a -$30.8M net loss and -$32.2M operating loss (operating margin -671%), and burned -$16.6M in operating cash. With only $5.47M of cash on hand, that burn rate implies well under half a year of runway before more financing is required — a de-facto going-concern setup.
The balance sheet is already broken: stockholders' equity is NEGATIVE at -$1.67M against $196M of accumulated deficit, meaning cumulative losses have wiped out all invested capital. Survival has been funded by relentless share issuance — shares outstanding rose 73% in one year — which, combined with reverse-split mechanics, produced a -$75.65 diluted EPS. At $0.32 with a $1.7M market cap, this is a penny stock whose 'cheap' 0.4x P/S is a value trap: the equity is a residual claim on a company that owes more than it owns and must dilute holders to keep the lights on.
Is NVVE a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread (caution)~90d expiry
- Long put 0.5 @ ~0.20 est
- Short put 0.5 @ ~0.20 est
debit $0max +$0max $0
AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $4.19M | $5.37M | $8.33M | $5.29M | $4.79M |
| Gross profit | — | — | — | — | — |
| Operating income | -$27.2M | -$36.9M | -$32.1M | -$20.5M | -$32.2M |
| Net income | -$72.5M | -$24.0M | -$31.3M | -$17.4M | -$30.8M |
| Diluted EPS | -$4.37 | -$47.55 | -$403.57 | -$1,076.70 | -$75.65 |
| Net margin | -1729.5% | -447.0% | -375.5% | -329.1% | -642.9% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value-$716K
EV / EBITDA—
EV / Sales-0.1
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-1019.9%
FCF yield-552.1%
Quality & risk
ROIC (est.)—
Free cash flow-$16.7M
Total debt$1.73M
Net cash$3.74M
Altman Z-Score-21.43 distress
Piotroski F-Score3/8
Capital returns
Buyback yield0.0%
Dividend yield (est.)—
Shareholder yield0.0%
Shares Δ YoY+73.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Material agreement2026-07-02
Entered new material agreement (Item 1.01) — likely financing/partnership terms
- 8-K Material event2026-07-01
Charter amendment + holder-rights change (3.03/5.03) — another reverse split to hold listing
- 8-K Material event2026-06-25
Charter/bylaw amendment + rights modification (3.03/5.03) — capital restructuring
- 8-K Shareholder vote2026-06-23
Reported shareholder-vote results from special/annual meeting (Item 5.07)
- 8-K Material agreement2026-06-18
New agreement + direct debt obligation (1.01/2.03) — took on more financing
- 8-K Shareholder vote2026-06-15
Shareholder-vote results plus other disclosed event (5.07/8.01)
- DEF 14A Proxy statement2026-05-29
Proxy (DEF 14A) for shareholder meeting — governance/capital-authorization votes
- NT 10-Q Late filing notice2026-05-15
NT 10-Q: could not file Q1 10-Q on time — late-filing notification
- 10-K Annual report2026-03-31
FY25: rev -9% to $4.8M, -$30.8M loss, negative equity — going-concern doubt
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-222026-07-02open ↗8-KPeriod ending 2026-06-302026-07-01open ↗8-KPeriod ending 2026-06-242026-06-25open ↗8-KPeriod ending 2026-06-232026-06-23open ↗8-KPeriod ending 2026-06-122026-06-18open ↗DEFA14AFiling2026-06-15open ↗8-KPeriod ending 2026-06-152026-06-15open ↗DEFA14AFiling2026-06-09open ↗8-KPeriod ending 2026-06-092026-06-09open ↗DEF 14APeriod ending 2026-06-092026-05-29open ↗8-KPeriod ending 2026-05-222026-05-26open ↗PRE 14APeriod ending 2026-05-192026-05-19open ↗
Frequently asked
- Is Nuvve Holding Corp. (NVVE) a buy?
- NVVE currently carries a Avoid rating with 5/5 conviction, derived from its latest SEC filings. Cash-burning micro-cap with negative equity, shrinking revenue and ~4 months of runway — a dilution machine, not an investment.
- What is Nuvve Holding Corp.'s quality score?
- NVVE scores 34.10323507073765/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001836875, latest 10-K filed 2026-03-31) · EODHD · Proprietary analysis · as of 7/4/2026, 10:24:28 AM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 4, 2026, 6:24 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.