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6Material company update
May 7, 2026·SEC
Material company update
May 5, 2026·SEC
Material company update
Mar 17, 2026·SEC
Energy Vault Holdings, Inc.(NRGV)Earnings, Financials & Key Ratios
NRGV•NYSE•Utilities
$3.79
Price updated Jul 7, 2026
AboutEnergy Vault Holdings, Inc. develops and sells energy storage solutions. The company offers gravity-based storage systems, including EVx Platform, a scalable, modular product line starting from 40-megawatt hour to multi-gigawatt hours to address grid resiliency needs in shorter durations; Energy Vault Resiliency Center, a scalable, gigawatt hour scale product line designed to address grid resiliency needs to manage energy disruptive climate events; and Energy Vault solutions. Its solutions allow utilities, independent power producers, and large energy users to manage their power portfolios and efficiently dispatch power. Energy Vault Holdings, Inc. is based in Westlake Village, California.Show more
- Revenue$204M+340.9%
- EBITDA-$69M+46.8%
- Net Income-$104M+23.7%
- Free Cash Flow-$47M+59.3%
- EBITDA Margin-33.7%+87.9%
- Net Margin-50.87%+82.7%
- ROE-96.44%-24.3%
- Interest Coverage-10.33+99.1%
- Debt/Equity1.07+9774.2%
NRGV Price & Volume
Energy Vault Holdings, Inc. (NRGV) stock price & volume — 10-year historical chart
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Persistent Cash Burn Challenges Infrastructure Scaling Ambitions
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and execution risk
Key Thesis Takeaways
- Energy Vault faces significant execution risk as its lumpy, project-based revenue model fails to cover high fixed R&D and engineering costs, resulting in a TTM net margin of -50.87%.
- The company's rapid transition toward debt-heavy financing, evidenced by a debt-to-equity ratio that surged to 3.19 in 2026Q1, suggests a precarious path to long-term solvency.
- Investors should monitor the firm's ability to achieve sustainable cash generation, as current liquidity constraints and the erosion of equity from $223.8 million to $30.5 million since 2023Q4 indicate a high probability of future dilutive capital raises.
Verdict Logic
Negative: The company's fundamental outlook is constrained by a TTM net margin of -50.87% and a narrowing liquidity runway that necessitates further external financing to sustain operations.
NRGV Growth Metrics
Energy Vault Holdings, Inc. (NRGV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years11.77%
TTM361.99%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM15.31%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM23.08%
Return on Capital
10 Years-36.07%
5 Years-46.77%
3 Years-55.77%
Last Year-53.68%
NRGV Recent Earnings
Energy Vault Holdings, Inc. (NRGV) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (8%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.20-33.3%
$0.15
Rev
$22M+5.6%
$21M
Q2 2026
Mar 17, 2026Metric
Actual
Est
EPS
$0.13-143.8%
$0.05
Rev
$153M+3.3%
$148M
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.16-60.0%
$0.10
Rev
$33M-76.3%
$141M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.22-214.3%
$0.07
Rev
$9M-82.6%
$49M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.20vs $0.15-33.3% | $22Mvs $21M+5.6% |
| Q2 2026 | Mar 17, 2026 | $0.13vs $0.05-143.8% | $153Mvs $148M+3.3% |
| Q4 2025 | Nov 10, 2025 | $0.16vs $0.10-60.0% | $33Mvs $141M-76.3% |
| Q3 2025 | Aug 7, 2025 | $0.22vs $0.07-214.3% | $9Mvs $49M-82.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Energy Vault Holdings, Inc. (NRGV)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $3.79 | $655.58M | -5.83 | 340.86% | -50.87% | -96.44% | — | |
| $16.20 | $2.13B | -43.78 | -16.15% | -1.62% | -8.29% | — | |
| $7.92 | $67.47M | -0.86 | 8.08% | 93.33% | — | — | |
| $17.67 | $238.08M | -34.65 | 35.74% | -39.23% | -26.16% | — | |
| $269.57 | $64.81B | -728.57 | 37.33% | 0.25% | 0.79% | — | |
| $1.22 | $102.74M | -2.84 | 5.22% | -226.88% | -101.28% | — |
Compare NRGV vs Peers
Energy Vault Holdings, Inc. (NRGV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NRGV SEC Filings & Documents
Energy Vault Holdings, Inc. (NRGV) SEC filings — annual & quarterly reports (10-K, 10-Q)
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NRGV Frequently Asked Questions
Energy Vault Holdings, Inc. (NRGV) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Energy Vault Holdings, Inc.'s revenue?
Energy Vault Holdings, Inc. (NRGV) reported $217.0M in revenue for fiscal year 2025.
How fast is Energy Vault Holdings, Inc. growing?
Energy Vault Holdings, Inc. (NRGV) grew revenue by 340.9% over the past year. This is strong growth.
Is NRGV profitable?
Energy Vault Holdings, Inc. (NRGV) reported a net loss of $115.0M for fiscal year 2025.
Dividend & Returns
What is NRGV's return on equity?
Energy Vault Holdings, Inc. (NRGV) has a return on equity (ROE) of -96.4%. Negative ROE indicates the company is unprofitable.
What is Energy Vault Holdings, Inc.'s free cash flow?
Energy Vault Holdings, Inc. (NRGV) had negative free cash flow of $98.1M in fiscal year 2025, likely due to heavy capital investments.