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

Nuvve Holding's (NVVE) quarterly Operating Expenses came in at $8.6 million in Q4 2025, up 16.71% year-on-year from $7.4 million in Q4 2024, and up 28.69% quarter-over-quarter from $6.7 million in Q3 2025.

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

Nuvve Holding has disclosed Operating Expenses across 6 years of filings, most recently posting $8.6 million for Q4 2025.

  • Operating Expenses for Q4 2025 came in at $8.6 million, up 16.71% year-over-year; the trailing twelve-month figure through Dec 2025 was $37.0 million (up 43.69% YoY), and the FY2025 annual result was $37.0 million, up 43.61% from the prior year.
  • Operating Expenses came in at $8.6 million for Q4 2025 at Nuvve Holding, up from $6.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $15.1 million in Q2 2025 to a low of $3.8 million in Q3 2024.
  • The 5-year median for Operating Expenses is $8.9 million (2023), against an average of $8.8 million.
  • Across the five-year window, Operating Expenses jumped 373.87% in 2021 and tumbled 66.4% in 2024, its largest moves.
  • Nuvve Holding's Operating Expenses stood at $9.6 million in 2021, then grew by 2.81% to $9.9 million in 2022, then declined by 8.04% to $9.1 million in 2023, then decreased by 18.63% to $7.4 million in 2024, then advanced by 16.71% to $8.6 million in 2025.
  • The last three Operating Expenses figures came in at $8.6 million (Q4 2025), $6.7 million (Q3 2025), and $15.1 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Caseys General Stores 27.84 Bn 27.38 Bn 1.01 Bn 697.64 Mn
2 Williams Sonoma 24.59 Bn 23.57 Bn 1.10 Bn 627.08 Mn
3 Ulta Beauty 20.75 Bn 20.25 Bn 1.48 Bn 1.01 Bn
4 Dick'S Sporting Goods 17.81 Bn 16.45 Bn 1.77 Bn 1.57 Bn
5 Tractor Supply 15.90 Bn 15.67 Bn 1.30 Bn 941.15 Mn
6 Best Buy 15.61 Bn 13.87 Bn 2.10 Bn 1.73 Bn
7 NaaS Technology 14.72 Bn 14.70 Bn - -
8 Five Below 10.27 Bn 9.34 Bn 696.98 Mn 337.11 Mn
9 Murphy USA 10.20 Bn 10.08 Bn 3.98 Bn 279.80 Mn
10 Nuvve Holding 133,597.93 -6.41 Mn 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