Nuvve Holding Corp. reported a total revenue of $4.8 million for the year ended December 31, 2025, a 9.3% decrease from $5.3 million in 2024. The company experienced a net loss of $31.5 million in 2025, an 81.0% increase from the $17.4 million net loss in 2024. Operating loss increased by 57.3% to $32.2 million in 2025 from $20.5 million in 2024. Cash used in operating activities rose to $16.6 million in 2025 from $15.7 million in 2024. Selling, general, and administrative expenses surged by 51.4% to $26.8 million in 2025, largely due to $8.2 million in warrant expenses for cryptocurrency strategy consulting services, $1.4 million in legal expenses, and $1.0 million in bad debt related to the Fresno EV infrastructure project. An inventory impairment charge of $3.47 million was recognized in 2025 for non-conforming 125 kW V2G DC Chargers. The company maintains a proprietary Vehicle-to-Grid (V2G) technology, the Grid Integrated Vehicle (GIVe) cloud-based software platform, powered by AI, which links EV and stationary batteries into a virtual power plant. Nuvve formed Deep Impact 1 LLC (51% equity) in August 2024, acquired Fermata Energy II LLC (51% equity) in April 2025 for approximately $506,898, and formed Nuvve New Mexico LLC in April 2025. Nuvve sold its 4.65% equity interest in Dreev to EDF for $915,165 in October 2025, realizing a gain of $244,214. The company completed a public offering in July 2025, raising approximately $5.5 million in gross proceeds, and issued Series A convertible preferred stock and warrants for $5.4 million (net) in December 2025. Nuvve is subject to a one-year Mandatory Panel Monitor by Nasdaq, commencing January 6, 2026, after regaining compliance with listing requirements. Multiple reverse stock splits were effected: 1-for-40 on January 19, 2024, 1-for-10 on September 17, 2024, and 1-for-40 on December 15, 2025.