---
schema_version: "secwatch.filing_event.v1"
accession: "0001836875-23-000084"
form_type: "8-K"
ticker: "NVVE"
cik: "0001836875"
company_name: "Nuvve Holding Corp."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:47:01.649753+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nuvve Q1 revenue down 22% to $1.9M; net loss widens to $7.7M

## Summary
- Revenue $1.9M, down 21.8% YoY; net loss $7.7M vs $4.7M in Q1 2022.
- Record charger orders (24 units for LAUSD) and deployments; backlog $4.2M.
- Cash operating costs reduced to $7.2M from $8.2M; gross margin improved to 17.9% from 4.9%.
- Cash and equivalents $11.8M; megawatts under management 18.3 MW (+5% QoQ).
- Partnership with Circle K for grid services at 50 stations in Norway/Denmark; revenue expected later in 2023.

## SEC filing metadata
- accession: 0001836875-23-000084
- form_type: 8-K
- ticker: NVVE
- cik: 0001836875
- company_name: Nuvve Holding Corp.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836875/000183687523000084/0001836875-23-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836875/000183687523000084/nvve-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001836875-23-000084
- JSON: https://secwatch.observer/filing/0001836875-23-000084.json
- Plain text: https://secwatch.observer/filing/0001836875-23-000084.txt

## Key facts
- Earnings Releases
  Nuvve Holding Corp. reported first quarter ended March 31, 2023 results: revenue $1.9 million, net income $7.7 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: $1.9 million
  - Net income: $7.7 million
  - Result: reported results
  source text: streams with new and existing partners across North America, Europe and Japan throughout the remainder of the year.” 2023 First Quarter Financial Review Total revenue was $1.9 million for the three months ended March 31, 2023 compared to $2.4 million for the three months ended March 31, 2022, a decrease of $0.5 million, or 21.8%. The decrease was primarily
  evidence_url: https://www.sec.gov/Archives/edgar/data/1836875/000183687523000084/0001836875-23-000084-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.