Q2 2026 Nuvve Holding Corp Earnings Call Transcript
Key Points
- Total revenue surged 268% year-over-year in Q2 2026, with first-half revenue up 110%.
- Net loss decreased by 46% compared to the same quarter last year, indicating improved financial performance.
- Backlog increased to $5.3 million as of June 30, 2026, up from $4.4 million in the prior quarter.
- Megawatts under management grew 16.8% year-over-year to 29.9 MW, reflecting expansion in EV chargers and stationary batteries.
- Strategic focus on stationary batteries in Japan, Europe, and New Mexico, with plans to own and operate assets for recurring revenue.
- Stock was delisted from Nasdaq and now trades on OTCQB due to failure to meet listing standards, impacting investor confidence.
- Cash position is critically low at $0.5 million as of June 30, 2026, with a $1.4 million decrease from the prior quarter.
- Gross margins on products and services turned negative at -14.5% in Q2 2026, down from 11.6% a year ago, due to a $1.2 million write-down and higher costs.
- Cash operating expenses increased by $1.6 million year-over-year, driven by higher public-company and legal fees.
- The company faces significant uncertainty in its path back to a senior market, with no clear timeline or guarantee of success.
Good day and welcome to the Nuvve Holding Corporation second-quarter 2026 earnings conference call.
(Operator Instructions) Please note, this event is being recorded.
On today's call are Gregory Poilasne, Chief Executive Officer; and David Robson, Chief Financial Officer of Nuvve.
Earlier today, Nuvve issued a press release announcing its Q2 '26. Following prepared remarks, we will open up the call for questions.
Before we begin, I would like to remind you that this call may contain forward-looking statements.
While these forward-looking statements reflect Nuvve's best current judgment, they are subject to risks and uncertainties that could cause actual results to differ materially from those implied by these forward-looking projections.
These risk factors are discussed in Nuvve's filings with the SEC and in the earnings release issued today, which are available on our website.
Nuvve undertakes no obligation to revise or update any forward-looking statements to reflect future events or circumstances.
With that, I would like to
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