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Side-by-side financial comparison of Lucid Diagnostics Inc. (LUCD) and Nuvve Holding Corp. (NVVE). Click either name above to swap in a different company.

Nuvve Holding Corp. is the larger business by last-quarter revenue ($1.9M vs $1.2M, roughly 1.6× Lucid Diagnostics Inc.). Nuvve Holding Corp. runs the higher net margin — -314.5% vs -858.5%, a 544.1% gap on every dollar of revenue. On growth, Nuvve Holding Corp. posted the faster year-over-year revenue change (7.9% vs 3.3%). Over the past eight quarters, Nuvve Holding Corp.'s revenue compounded faster (8.3% CAGR vs 7.9%).

Lucid Diagnostics Inc. is a commercial-stage medical diagnostics firm focused on non-invasive screening tests for upper gastrointestinal diseases, including early detection of esophageal cancer and pre-cancerous lesions. It mainly serves healthcare providers and clinical partners across the United States, targeting at-risk patient populations.

Nuvve Holding Corp. is a global technology provider specializing in vehicle-to-grid (V2G) solutions for electric vehicles. It delivers intelligent energy management platforms that allow EV batteries to feed excess stored power back to electrical grids, serving commercial fleet operators, utility firms, and residential EV owners across North America, Europe, and Asia-Pacific.

LUCD vs NVVE — Head-to-Head

Bigger by revenue
NVVE
NVVE
1.6× larger
NVVE
$1.9M
$1.2M
LUCD
Growing faster (revenue YoY)
NVVE
NVVE
+4.6% gap
NVVE
7.9%
3.3%
LUCD
Higher net margin
NVVE
NVVE
544.1% more per $
NVVE
-314.5%
-858.5%
LUCD
Faster 2-yr revenue CAGR
NVVE
NVVE
Annualised
NVVE
8.3%
7.9%
LUCD

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LUCD
LUCD
NVVE
NVVE
Revenue
$1.2M
$1.9M
Net Profit
$-10.4M
$-6.1M
Gross Margin
Operating Margin
-971.0%
-346.7%
Net Margin
-858.5%
-314.5%
Revenue YoY
3.3%
7.9%
Net Profit YoY
16.0%
-19.0%
EPS (diluted)
$-0.10
$-69.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LUCD
LUCD
NVVE
NVVE
Q4 25
$1.9M
Q3 25
$1.2M
$1.6M
Q2 25
$1.2M
Q1 25
$828.0K
$934.3K
Q4 24
$1.2M
$1.8M
Q3 24
$1.2M
$1.9M
Q2 24
$976.0K
$802.2K
Q1 24
$1.0M
$779.8K
Net Profit
LUCD
LUCD
NVVE
NVVE
Q4 25
$-6.1M
Q3 25
$-10.4M
$-4.5M
Q2 25
$-4.4M
Q1 25
$-26.9M
$-6.9M
Q4 24
$-11.5M
$-5.1M
Q3 24
$-12.4M
$-1.6M
Q2 24
$-11.0M
$-3.9M
Q1 24
$-10.6M
$-6.7M
Operating Margin
LUCD
LUCD
NVVE
NVVE
Q4 25
-346.7%
Q3 25
-971.0%
-319.7%
Q2 25
-978.8%
Q1 25
-1508.1%
-597.9%
Q4 24
-1033.8%
-314.2%
Q3 24
-997.8%
-95.8%
Q2 24
-1146.7%
-718.5%
Q1 24
-1078.1%
-929.4%
Net Margin
LUCD
LUCD
NVVE
NVVE
Q4 25
-314.5%
Q3 25
-858.5%
-281.9%
Q2 25
-381.7%
Q1 25
-3249.8%
-735.6%
Q4 24
-964.2%
-285.2%
Q3 24
-1055.5%
-86.0%
Q2 24
-1127.6%
-491.0%
Q1 24
-1060.1%
-861.1%
EPS (diluted)
LUCD
LUCD
NVVE
NVVE
Q4 25
$-69.41
Q3 25
$-0.10
$-0.24
Q2 25
$-0.08
Q1 25
$-0.52
$-3.88
Q4 24
$-0.17
$-1050.64
Q3 24
$-0.25
$-2.47
Q2 24
$-0.23
$-6.70
Q1 24
$-0.40
$-16.89

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LUCD
LUCD
NVVE
NVVE
Cash + ST InvestmentsLiquidity on hand
$47.3M
$5.5M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$25.8M
$-1.7M
Total Assets
$53.2M
$17.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LUCD
LUCD
NVVE
NVVE
Q4 25
$5.5M
Q3 25
$47.3M
$939.4K
Q2 25
$31.1M
Q1 25
$25.2M
$1.2M
Q4 24
$22.4M
$371.5K
Q3 24
$14.5M
$325.2K
Q2 24
$24.9M
$1.4M
Q1 24
$24.8M
$5.3M
Total Debt
LUCD
LUCD
NVVE
NVVE
Q4 25
$1.7M
Q3 25
$3.0M
Q2 25
Q1 25
$4.8M
Q4 24
$5.5M
Q3 24
$2.4M
Q2 24
Q1 24
Stockholders' Equity
LUCD
LUCD
NVVE
NVVE
Q4 25
$-1.7M
Q3 25
$25.8M
$-1.4M
Q2 25
$7.9M
Q1 25
$-5.4M
$-3.2M
Q4 24
$5.4M
$-1.3M
Q3 24
$6.3M
$3.0M
Q2 24
$16.0M
$3.3M
Q1 24
$11.9M
$6.6M
Total Assets
LUCD
LUCD
NVVE
NVVE
Q4 25
$17.4M
Q3 25
$53.2M
$16.8M
Q2 25
$38.7M
Q1 25
$32.8M
$16.5M
Q4 24
$30.7M
$16.8M
Q3 24
$22.6M
$18.3M
Q2 24
$34.1M
$18.5M
Q1 24
$32.0M
$23.5M
Debt / Equity
LUCD
LUCD
NVVE
NVVE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.81×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LUCD
LUCD
NVVE
NVVE
Operating Cash FlowLast quarter
$-10.9M
$-4.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LUCD
LUCD
NVVE
NVVE
Q4 25
$-4.3M
Q3 25
$-10.9M
$-5.1M
Q2 25
$-10.5M
Q1 25
$-12.5M
$-1.8M
Q4 24
$-9.9M
$-3.5M
Q3 24
$-10.2M
$-3.5M
Q2 24
$-11.5M
$-4.0M
Q1 24
$-12.6M
$-4.7M
Free Cash Flow
LUCD
LUCD
NVVE
NVVE
Q4 25
Q3 25
$-5.1M
Q2 25
Q1 25
$-1.8M
Q4 24
$-3.5M
Q3 24
$-3.5M
Q2 24
$-4.0M
Q1 24
$-4.8M
FCF Margin
LUCD
LUCD
NVVE
NVVE
Q4 25
Q3 25
-317.6%
Q2 25
Q1 25
-194.9%
Q4 24
-196.0%
Q3 24
-182.9%
Q2 24
-501.7%
Q1 24
-611.2%
Capex Intensity
LUCD
LUCD
NVVE
NVVE
Q4 25
0.0%
Q3 25
0.2%
Q2 25
Q1 25
1.3%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
1.5%
Q1 24
5.2%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LUCD
LUCD

Segment breakdown not available.

NVVE
NVVE

Engineering Services$1.1M57%
Other$838.4K43%

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