Nuvve Holding (NVVE) Operating Expenses (2020 - 2025)

Nuvve Holding (NVVE) posted Operating Expenses of $8.6 million for Q4 2025, up 28.69% sequentially from $6.7 million in Q3 2025, and up 16.71% YoY from $7.4 million in Q4 2024.

Nuvve Holding (NVVE) Operating Expenses (2020 - 2025) Analysis & Trends

Nuvve Holding (NVVE) has 6 years of Operating Expenses data on file, last reported at $8.6 million in Q4 2025.

  • Quarterly Operating Expenses rose 16.71% year-over-year to $8.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $37.0 million (up 43.69% YoY) and the FY2025 annual result came in at $37.0 million, up 43.61% from the prior year.
  • Operating Expenses grew to $8.6 million in Q4 2025 per NVVE's latest filing, from $6.7 million in the prior quarter.
  • The five-year high for Operating Expenses was $15.1 million in Q2 2025, with the low at $3.8 million in Q3 2024.
  • Average Operating Expenses over 5 years is $8.8 million, with a median of $8.9 million recorded in 2023.
  • Year-over-year, Operating Expenses surged 373.87% in 2021 and sank 66.4% in 2024.
  • Nuvve Holding's Operating Expenses stood at $9.6 million in 2021, then gained by 2.81% to $9.9 million in 2022, then decreased by 8.04% to $9.1 million in 2023, then declined by 18.63% to $7.4 million in 2024, then increased by 16.71% to $8.6 million in 2025.
  • Business Quant data shows NVVE's Operating Expenses at $8.6 million in Q4 2025, $6.7 million in Q3 2025, and $15.1 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 NaaS Technology 29.20 Bn 29.20 Bn - -
2 Caseys General Stores 28.94 Bn 28.48 Bn 1.08 Bn 730.02 Mn
3 Williams Sonoma 27.71 Bn 26.69 Bn 1.10 Bn 627.08 Mn
4 Dick'S Sporting Goods 19.10 Bn 17.75 Bn 1.77 Bn 1.57 Bn
5 Tractor Supply 16.98 Bn 16.76 Bn 1.30 Bn 941.15 Mn
6 Best Buy 16.25 Bn 14.50 Bn 2.10 Bn 1.73 Bn
7 Murphy USA 10.35 Bn 10.23 Bn 3.98 Bn 279.80 Mn
8 Five Below 10.07 Bn 9.13 Bn 696.98 Mn 337.11 Mn
9 Winmark 8.93 Bn 8.93 Bn 20.23 Mn 7.87 Mn
10 Nuvve Holding 146,676.61 -608,569.39 2.91 Mn 8.63 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 8.63 Mn
Sep 30, 2025 6.71 Mn
Jun 30, 2025 15.13 Mn
Mar 31, 2025 6.52 Mn
Dec 31, 2024 7.40 Mn
Sep 30, 2024 3.76 Mn
Jun 30, 2024 6.57 Mn
Mar 31, 2024 8.03 Mn
Dec 31, 2023 9.09 Mn
Sep 30, 2023 11.18 Mn
Jun 30, 2023 10.44 Mn
Mar 31, 2023 9.73 Mn
Dec 31, 2022 9.89 Mn
Sep 30, 2022 9.16 Mn
Jun 30, 2022 11.34 Mn
Mar 31, 2022 11.90 Mn
Dec 31, 2021 9.62 Mn
Sep 30, 2021 8.61 Mn
Jun 30, 2021 7.32 Mn
Mar 31, 2021 5.87 Mn