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| Date | Value |
|---|---|
| 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 |