EV charging firm Nuvve's Q3 revenue falls

Reuters11-14
EV charging firm Nuvve's Q3 revenue falls 

Overview

  • Nuvve Q3 2025 revenue fell 16.7% yr/yr to $1.6 mln

  • Net loss for Q3 2025 increased to $4.8 mln from $1.6 mln yr/yr

  • Company raised $5.6 mln through public offering and debt in Q3 2025

Outlook

  • Nuvve anticipates expanding its stationary battery business in North America, Europe, and Japan

  • Company focuses on battery aggregation services in Japan for commercial and governmental customers

Result Drivers

  • SERVICES REVENUE DECLINE - Revenue drop attributed to cessation of management fees from Fresno EV infrastructure project

  • PRODUCT REVENUE INCREASE - Higher customer sales orders and shipments drove product revenue growth

  • EXPANDED BATTERY PIPELINE - Co expanded stationary battery pipeline, expecting future growth in North America, Europe, and Japan

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$1.60 mln

Q3 EPS

-$0.24

Q3 Net Income

-$4.80 mln

Press Release: ID:nBwc6Nhmga

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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