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Nuvve Holding Corp. (NVVE) 10-Year Financial Performance & Capital Metrics

NVVE • • Industrial / General
Consumer CyclicalSpecialty RetailEV Charging ServicesEV Charging Infrastructure
AboutNuvve Holding Corp., a green energy technology company, develops and commercializes vehicle-to-grid (V2G) technology in North America, Europe, and Japan. The company offers fleet and electric bus charging solutions, and V1G and V2G charging stations based on Grid Integrated Vehicle, a V2G technology platform that enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services. Its V2G technology also links EV batteries into a virtual power plant that sells excess power to utility companies or utilizes saved power to reduce building energy peak consumption. The company was founded in 2010 and is headquartered in San Diego, California.Show more
  • Revenue $5M -36.6%
  • EBITDA -$20M +36.5%
  • Net Income -$17M +44.4%
  • EPS (Diluted) -26.92 +33.3%
  • Gross Margin 33.14% +104.4%
  • EBITDA Margin -380.66%
  • Operating Margin -387.05% -0.5%
  • Net Margin -329.11% +12.3%
  • ROE -610.35% -233.9%
  • ROIC -153.81% +9.4%
  • Debt/Equity -
  • Interest Coverage -26.66
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 99 (top 1%)
  • ✓Strong 5Y sales CAGR of 15.4%
  • ✓Share count reduced 19.0% through buybacks

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y15.44%
3Y21.87%
TTM-7.65%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-52.29%

EPS CAGR

10Y-
5Y-
3Y-
TTM-3.45%

ROCE

10Y Avg-308.73%
5Y Avg-354.91%
3Y Avg-152.42%
Latest-222.25%

Peer Comparison

EV Charging Infrastructure
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
NAASNaaS Technology Inc.33.05M3.26-0.00-37.21%-329.04%
NVVENuvve Holding Corp.4.91M3.78-0.14-36.56%-6.41%-6.1%

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.4M2.58M1.94M2.92M5.37M8.33M5.29M
Revenue Growth %-0.84%-0.25%0.5%0.84%0.55%-0.37%
Cost of Goods Sold+85K544.23K521.07K2M4.2M6.98M3.53M
COGS % of Revenue0.06%0.21%0.27%0.69%0.78%0.84%0.67%
Gross Profit+1.32M2.03M1.42M918.43K1.18M1.35M1.75M
Gross Margin %0.94%0.79%0.73%0.31%0.22%0.16%0.33%
Gross Profit Growth %-0.54%-0.3%-0.35%0.28%0.15%0.3%
Operating Expenses+9.2M8.2M6.11M28.15M38.09M33.46M22.21M
OpEx % of Revenue6.56%3.18%3.14%9.64%7.09%4.02%4.2%
Selling, General & Admin5.56M5.06M5.49M22.9M000
SG&A % of Revenue3.96%1.96%2.82%7.84%---
Research & Development3.62M3.13M2.89M6.52M7.98M8.76M4.54M
R&D % of Revenue2.58%1.21%1.49%2.23%1.48%1.05%0.86%
Other Operating Expenses00-2.27M-1.27M30.12M24.69M17.67M
Operating Income+-7.87M-6.16M-4.69M-27.23M-36.92M-32.11M-20.46M
Operating Margin %-5.61%-2.39%-2.41%-9.32%-6.87%-3.85%-3.87%
Operating Income Growth %-0.22%0.24%-4.81%-0.36%0.13%0.36%
EBITDA+-7.74M-5.96M-4.52M-27.06M-36.63M-31.71M-20.12M
EBITDA Margin %-5.52%-2.31%-2.33%-9.27%-6.82%-3.81%-3.81%
EBITDA Growth %-0.23%0.24%-4.99%-0.35%0.13%0.37%
D&A (Non-Cash Add-back)125.35K202.23K165.58K167.56K289.54K396.21K337.97K
EBIT-7.87M-6.16M-4.57M-27.28M-36.92M-32.11M-20.46M
Net Interest Income+0204-313.61K-47.34M134.58K108.18K-767.37K
Interest Income45.62K8.39K00134.58K108.18K0
Interest Expense08.19K313.61K47.34M00767.37K
Other Income/Expense32.51K3.81M-196.75K-47.38M12.36M810.09K3.04M
Pretax Income+-7.83M-2.35M-4.88M-74.62M-24.56M-31.3M-17.42M
Pretax Margin %-5.59%-0.91%-2.51%-25.55%-4.57%-3.76%-3.3%
Income Tax+0671.73K1K1K8001.6K1.6K
Effective Tax Rate %1%1.29%1%0.97%0.98%1%1%
Net Income+-7.83M-3.02M-4.89M-72.48M-24.02M-31.28M-17.4M
Net Margin %-5.59%-1.17%-2.51%-24.82%-4.47%-3.75%-3.29%
Net Income Growth %-0.61%-0.62%-13.84%0.67%-0.3%0.44%
Net Income (Continuing)-7.83M-3.02M-4.89M-74.62M-24.56M-31.3M-17.43M
Discontinued Operations0000000
Minority Interest000400.27K-402.42K-700.47K-28.81K
EPS (Diluted)+-12.77-4.93-22.15-656.00-46.84-40.36-26.92
EPS Growth %-0.61%-3.49%-28.62%0.93%0.14%0.33%
EPS (Basic)-12.77-4.93-22.15-656.00-46.84-40.36-26.92
Diluted Shares Outstanding613.56K613.56K220.53K416.36K524.3K798.27K646.33K
Basic Shares Outstanding613.56K613.56K220.53K416.36K524.3K798.27K646.33K
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+3.61M1.69M4.77M46.78M31.85M12.52M9.28M
Cash & Short-Term Investments2.05M326.7K2.28M32.36M15.75M1.53M371.5K
Cash Only2.05M326.7K2.28M32.36M15.75M1.53M371.5K
Short-Term Investments0000000
Accounts Receivable865.61K811.85K999.9K1.89M1.09M1.72M2.15M
Days Sales Outstanding225.26114.93187.82235.7974.0775.56148.33
Inventory0216.79K1.05M11.12M11.55M5.89M4.59M
Days Inventory Outstanding-145.39737.242.03K1K307.91474.19
Other Current Assets100K020.43K380K1.97M2.38M1.67M
Total Non-Current Assets+2.07M2.55M2.39M6.13M9.35M8.43M7.52M
Property, Plant & Equipment102.42K97.3K95.23K3.84M5.94M5.61M5.11M
Fixed Asset Turnover13.69x26.50x20.40x0.76x0.90x1.49x1.04x
Goodwill0000000
Intangible Assets1.94M1.76M1.62M1.48M1.34M1.2M1.06M
Long-Term Investments0670.95K670.95K670.95K1.77M783.21K772.37K
Other Non-Current Assets23.48K23.48K3.06K141.22K297.55K838.56K580.25K
Total Assets+5.67M4.24M7.16M52.91M41.2M20.95M16.8M
Asset Turnover0.25x0.61x0.27x0.06x0.13x0.40x0.31x
Asset Growth %--0.25%0.69%6.4%-0.22%-0.49%-0.2%
Total Current Liabilities+1.34M2.57M8.04M9.48M7.9M7.98M11.35M
Accounts Payable970.68K1.5M2.96M5.74M2.39M1.69M1.88M
Days Payables Outstanding4.17K1.01K2.07K1.05K207.988.58194.38
Short-Term Debt100K150K4.29M0004.65M
Deferred Revenue (Current)000719.77K1000K697.11K506.5K
Other Current Liabilities088.69K196.45K110.57K113.84K105.14K6.97K
Current Ratio2.70x0.66x0.59x4.93x4.03x1.57x0.82x
Quick Ratio2.70x0.57x0.46x3.76x2.57x0.83x0.41x
Cash Conversion Cycle--744.94-1.15K1.22K870.85294.89428.13
Total Non-Current Liabilities+00013.52M6.06M5.98M6.74M
Long-Term Debt000000840.5K
Capital Lease Obligations0003.44M5.09M4.65M4.25M
Deferred Tax Liabilities0000000
Other Non-Current Liabilities00010.07M973.29K995.79K869.88K
Total Liabilities1.34M2.57M8.04M23M13.96M13.96M18.09M
Total Debt+100K150K4.29M3.48M5.91M5.5M10.66M
Net Debt-1.95M-176.7K2.02M-28.88M-9.84M3.97M10.29M
Debt / Equity0.02x0.09x-0.12x0.22x0.79x-
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage--752.76x-14.95x-0.58x---26.66x
Total Equity+4.34M1.67M-881.71K29.91M27.24M6.99M-1.29M
Equity Growth %--0.61%-1.53%34.93%-0.09%-0.74%-1.18%
Book Value per Share7.072.72-4.0071.8551.958.76-2.00
Total Shareholders' Equity4.34M1.67M-881.71K29.51M27.64M7.69M-1.26M
Common Stock2.45K2.45K2.62K1.89K2.43K5.93K6.41K
Retained Earnings-12.55M-15.57M-20.46M-92.94M-116.96M-148.24M-165.6M
Treasury Stock0000000
Accumulated OCI58.94K107.62K-77.84K113.45K76.18K93.68K46.49K
Minority Interest000400.27K-402.42K-700.47K-28.81K

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-8.05M-4.21M-3.08M-29.19M-34.08M-21.25M-15.73M
Operating CF Margin %-5.74%-1.63%-1.58%-9.99%-6.34%-2.55%-2.98%
Operating CF Growth %-0.48%0.27%-8.48%-0.17%0.38%0.26%
Net Income-7.83M-3.02M-4.89M-74.62M-24.56M-31.3M-17.43M
Depreciation & Amortization125.35K202.23K164.99K167.56K289.54K396.21K337.97K
Stock-Based Compensation190.69K0599.53K4.22M5.23M4.11M2.62M
Deferred Taxes0000000
Other Non-Cash Items632.04K-2.67M322.66K47.14M-11.72M-113.84K-2.96M
Working Capital Changes-1.16M1.28M719.01K-6.1M-3.33M5.65M1.69M
Change in Receivables-599.63K53.77K-187.09K-887.7K763.3K-634.43K-148.3K
Change in Inventory0-216.79K-835.69K-10.07M-433.64K5.45M1.3M
Change in Payables0528.31K1.46M2.78M-3.35M-696.1K196.41K
Cash from Investing+-116.17K2.29M-22.5K-265.48K-1.44M1.14M-45.4K
Capital Expenditures-116.17K-16.5K-22.5K-273.12K-438.05K-188.43K-45.4K
CapEx % of Revenue0.08%0.01%0.01%0.09%0.08%0.02%0.01%
Acquisitions-------
Investments-------
Other Investing0007.65K000
Cash from Financing+100K50K5.24M59.72M19.06M5.86M14.46M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid000-39.1K000
Share Repurchases-------
Other Financing100K0-240.7K50.88M2.24M0155.06K
Net Change in Cash-------
Free Cash Flow+-8.16M-4.23M-3.1M-29.46M-34.52M-21.44M-15.78M
FCF Margin %-5.82%-1.64%-1.6%-10.09%-6.42%-2.57%-2.99%
FCF Growth %-0.48%0.27%-8.5%-0.17%0.38%0.26%
FCF per Share-13.31-6.89-14.06-70.76-65.84-26.86-24.41
FCF Conversion (FCF/Net Income)1.03x1.39x0.63x0.40x1.42x0.68x0.90x
Interest Paid000000563.35K
Taxes Paid00800800001.6K

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-180.65%-100.64%-1239.46%-499.29%-84.05%-182.79%-610.35%
Return on Invested Capital (ROIC)--238.16%-267.37%-1879.41%-300.35%-169.82%-153.81%
Gross Margin93.94%78.89%73.18%31.45%21.9%16.21%33.14%
Net Margin-558.57%-117.22%-251.4%-2481.63%-446.99%-375.46%-329.11%
Debt / Equity0.02x0.09x-0.12x0.22x0.79x-
Interest Coverage--752.76x-14.95x-0.58x---26.66x
FCF Conversion1.03x1.39x0.63x0.40x1.42x0.68x0.90x
Revenue Growth-83.83%-24.64%50.3%83.98%55.06%-36.56%

Revenue by Segment

2021202220232024
Product2.12M4.13M5.84M2.57M
Product Growth-94.45%41.51%-56.04%
Service797.13K784.71K2.16M2.31M
Service Growth--1.56%175.54%6.73%
Grant1.27M459.43K326.76K409.98K
Grant Growth--63.83%-28.88%25.47%

Revenue by Geography

2021202220232024
UNITED STATES3.33M4.84M7.86M4.98M
UNITED STATES Growth-45.49%62.38%-36.63%
DENMARK378.71K338.27K440.53K306.51K
DENMARK Growth--10.68%30.23%-30.42%

Frequently Asked Questions

Growth & Financials

Nuvve Holding Corp. (NVVE) reported $4.7M in revenue for fiscal year 2024. This represents a 232% increase from $1.4M in 2018.

Nuvve Holding Corp. (NVVE) saw revenue decline by 36.6% over the past year.

Nuvve Holding Corp. (NVVE) reported a net loss of $29.8M for fiscal year 2024.

Dividend & Returns

Nuvve Holding Corp. (NVVE) has a return on equity (ROE) of -610.4%. Negative ROE indicates the company is unprofitable.

Nuvve Holding Corp. (NVVE) had negative free cash flow of $16.0M in fiscal year 2024, likely due to heavy capital investments.

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