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| 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 |