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Advent Technologies vs Nuvve: revenue, profit, margins and growth compared

Advent Technologies brought in $3.3M of revenue in fiscal 2024, Nuvve $4.8M in fiscal 2025. Revenue changed by +113.3% at Advent Technologies and -9.3% at Nuvve on the year before, so Advent Technologies grew faster. Advent Technologies kept -1,251.3% of its revenue as net profit, Nuvve -642.9%.

Side by side, latest fiscal year

ADNHNVVE
Fiscal year endedFY2024 (December 31, 2024)FY2025 (December 31, 2025)
Revenue$3.3M$4.8M
Revenue growth+113.3%-9.3%
Net income-$41M-$30.8M
Net margin-1,251.3%-642.9%
Free cash flown/a-$16.7M
Free cash flow marginn/a-348.0%
Earnings per share (diluted)-$15.65-$75.65
Cash$381K$5.5M
Debtn/a$1.7M
Price to earningsn/an/a
Market value$1.1K$1.6M
Dividend yieldn/an/a
Rank by revenue in sector#647 of 731 · Technology#628 of 731 · Technology

Over the years

Revenue
ADNH FY2020: $882.7KADNH FY2021: $7.1MADNH FY2022: $7.8MADNH FY2023: $1.5MADNH FY2024: $3.3MNVVE FY2021: $4.2MNVVE FY2021: $4.2MNVVE FY2022: $5.4MNVVE FY2023: $8.3MNVVE FY2024: $5.3MNVVE FY2025: $4.8MFY20FY21FY22FY23FY24FY25
ADNH $3.3MNVVE $4.8M
Net income
ADNH FY2019: $21.5MADNH FY2020: -$3.1MADNH FY2021: -$20.5MADNH FY2022: -$74.3MADNH FY2023: -$71.4MADNH FY2024: -$41MNVVE FY2021: -$4.9MNVVE FY2021: -$72.5MNVVE FY2022: -$24MNVVE FY2023: -$31.3MNVVE FY2024: -$17.4MNVVE FY2025: -$30.8MFY19FY20FY21FY22FY23FY24FY25
ADNH -$41MNVVE -$30.8M
Net margin
ADNH FY2020: -353.6%ADNH FY2021: -290.3%ADNH FY2022: -948.5%ADNH FY2023: -4,648.2%ADNH FY2024: -1,251.3%NVVE FY2021: -116.0%NVVE FY2021: -1,729.5%NVVE FY2022: -447.0%NVVE FY2023: -375.5%NVVE FY2024: -329.1%NVVE FY2025: -642.9%FY20FY21FY22FY23FY24FY25
ADNH -1,251.3%NVVE -642.9%
Revenue growth
ADNH FY2021: +700.9%ADNH FY2022: +10.9%ADNH FY2023: -80.4%ADNH FY2024: +113.3%NVVE FY2021: -0.4%NVVE FY2022: +28.2%NVVE FY2023: +55.1%NVVE FY2024: -36.6%NVVE FY2025: -9.3%FY21FY22FY23FY24FY25
ADNH +113.3%NVVE -9.3%
Free cash flow
NVVE FY2021: -$3.1MNVVE FY2021: -$29.5MNVVE FY2022: -$34.5MNVVE FY2023: -$21.4MNVVE FY2024: -$15.8MNVVE FY2025: -$16.7MFY21FY22FY23FY24FY25
ADNHNVVE -$16.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Advent Technologies and Nuvve

Which is bigger by revenue, Advent Technologies or Nuvve?

Nuvve is bigger by revenue: $4.8M in fiscal 2025, against $3.3M for Advent Technologies in fiscal 2024.

Which keeps more of its revenue as profit, Advent Technologies or Nuvve?

Advent Technologies had a net margin of -1,251.3% in fiscal 2024; Nuvve had -642.9% in fiscal 2025.

Which grew revenue faster, Advent Technologies or Nuvve?

In their latest fiscal years revenue changed by +113.3% at Advent Technologies and -9.3% at Nuvve.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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