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Energy Vault Holdings, Inc.(NRGV)Earnings, Financials & Key Ratios
NRGV•NYSE•Utilities
$4.21
$728M mkt cap·Price updated May 6, 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%
- CapEx / Revenue20.18%-84.2%
- CapEx Coverage-0.14+85.5%
NRGV Key Insights
Energy Vault Holdings, Inc. (NRGV) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 91 (top 9%)
✗Weaknesses
- ✗Profits declining 33.8% over 5 years
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
NRGV Price & Volume
Energy Vault Holdings, Inc. (NRGV) stock price & volume — 10-year historical chart
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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 2/12 qtrs (17%)
Q2 2026Latest
May 5, 2026EPS
$0.20
Est $0.15
-33.3%
Revenue
$22M
Est $23M
-6.8%
Q2 2026
Mar 17, 2026EPS
$0.13
Est $0.05
-143.8%
Revenue
$153M
Est $148M
+3.3%
Q4 2025
Nov 10, 2025EPS
$0.16
Est $0.10
-60.0%
Revenue
$33M
Est $141M
-76.3%
Q3 2025
Aug 7, 2025EPS
$0.22
Est $0.07
-214.3%
Revenue
$9M
Est $49M
-82.6%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.20vs $0.15-33.3% | $22Mvs $23M-6.8% |
| 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 →
NRGV Peer Comparison
Energy Vault Holdings, Inc. (NRGV) competitors in Grid, Storage and Power Equipment — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 FLNC | 1.77B | 13.56 | -36.65 | -16.15% | -1.62% | -8.29% | 0.71 | |
 STEM | 91.07M | 10.69 | -1.16 | 8.08% | 94.16% | |||
 GRRR | 343.89M | 15.17 | -2.47 | 15.42% | -67.33% | -57.26% | 0.30 | |
 BE | 68.63B | 285.47 | -771.54 | 37.33% | 0.25% | 0.79% | 3.77 | |
 HYPR | 162.97M | 1.73 | -4.02 | 5.22% | -262.29% | -97.39% | ||
 MVST | 633.36M | 1.96 | -21.78 | 12.56% | -6.83% | -7.4% | 0.45 | |
 NEE | 198.92B | 95.39 | 28.99 | 11% | 29.3% | 12.66% | 1.44 | |
 AES | 10.23B | 14.34 | 11.38 | -0.37% | 8.42% | 10.65% | 2.54 |
Compare NRGV vs Peers
Energy Vault Holdings, Inc. (NRGV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NRGV Income Statement
Energy Vault Holdings, Inc. (NRGV) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 145.88M | 341.54M | 46.2M | 203.67M | 217.02M |
| Revenue Growth % | - | - | - | - | 134.13% | -86.47% | 340.86% | 361.99% |
| Cost of Revenue | 0 | 0 | 2.44M | 86.58M | 324.01M | 40.01M | 155.68M | 169.11M |
| Gross Profit | 0▲ 0% | 0▲ 0% | -2.44M▲ 0% | 59.3M▲ 2533.2% | 17.53M▼ 70.4% | 6.19M▼ 64.7% | 47.99M▲ 675.7% | 47.9M▲ 0% |
| Gross Margin % | - | - | - | 40.65% | 5.13% | 13.39% | 23.56% | 22.07% |
| Gross Profit Growth % | - | - | - | 2533.2% | -70.44% | -64.71% | 675.66% | - |
| Operating Expenses | -10.01M | 14.51M | 24.38M | 119.55M | 124.27M | 136.18M | 122.36M | 123.33M |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| EBITDA | 10.02M | -14.45M | -24.38M | -51.77M | -105.84M | -128.94M | -68.64M | -72.25M |
| EBITDA Margin % | - | - | - | -35.49% | -30.99% | -279.09% | -33.7% | -33.29% |
| EBITDA Growth % | - | -244.2% | -68.68% | -112.37% | -104.46% | -21.82% | 46.77% | 42.29% |
| Depreciation & Amortization | 8.45K | 54.65K | 2.44M | 8.49M | 893K | 1.06M | 5.73M | 5.42M |
| D&A / Revenue % | - | - | - | 5.82% | 0.26% | 2.29% | 2.81% | 2.5% |
| Operating Income (EBIT) | 10.01M▲ 0% | -14.51M▼ 244.9% | -26.81M▼ 84.8% | -60.26M▼ 124.7% | -106.74M▼ 77.1% | -130M▼ 21.8% | -74.37M▲ 42.8% | -77.67M▲ 0% |
| Operating Margin % | - | - | - | -41.31% | -31.25% | -281.38% | -36.51% | -35.79% |
| Operating Income Growth % | - | -244.87% | -84.85% | -124.72% | -77.14% | -21.79% | 42.79% | - |
| Interest Expense | 1.19M | 128.13K | 7K | 0 | 35K | 123K | 8.46M | 2M |
| Interest Coverage | -8.40x | -113.21x | -4475.71x | - | -2821.63x | -1102.63x | -10.33x | - |
| Interest / Revenue % | - | - | - | 0% | 0.01% | 0.27% | 4.16% | 0.92% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -4M |
| Pretax Income | -10.14M▲ 0% | -24.17M▼ 138.3% | -31.34M▼ 29.7% | -77.87M▼ 148.5% | -98.79M▼ 26.9% | -135.75M▼ 37.4% | -95.89M▲ 29.4% | -107.59M▲ 0% |
| Pretax Margin % | - | - | - | -53.38% | -28.93% | -293.83% | -47.08% | -49.58% |
| Income Tax | 810 | 830 | 1K | 427K | -349K | 67K | 7.76M | 7.38M |
| Effective Tax Rate % | -0.01% | -0% | -0% | -0.55% | 0.35% | -0.05% | -8.1% | -6.86% |
| Net Income | -10.14M▲ 0% | -24.17M▼ 138.3% | -31.34M▼ 29.7% | -78.3M▼ 149.9% | -98.44M▼ 25.7% | -135.75M▼ 37.9% | -103.61M▲ 23.7% | -114.96M▲ 0% |
| Net Margin % | - | - | - | -53.67% | -28.82% | -293.84% | -50.87% | -52.97% |
| Net Income Growth % | - | -138.34% | -29.65% | -149.85% | -25.73% | -37.9% | 23.68% | 15.31% |
| EPS (Diluted) | -8.23▲ 0% | -0.36▲ 95.6% | -0.29▲ 19.4% | -0.64▼ 120.7% | -0.69▼ 7.8% | -0.91▼ 31.9% | -0.65▲ 28.6% | -0.67▲ 0% |
| EPS Growth % | - | 95.63% | 19.44% | -120.69% | -7.81% | -31.88% | 28.57% | 23.08% |
| EPS (Basic) | -8.23 | -0.36 | -0.29 | -0.64 | -0.69 | -0.91 | -0.65 | - |
| Diluted Shares Outstanding | 1.23M | 67.51M | 107.22M | 123.24M | 142.85M | 149.85M | 160.53M | 171.87M |
NRGV Balance Sheet
Energy Vault Holdings, Inc. (NRGV) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 38.69M | 30.38M | 125.29M | 416.71M | 340.75M | 183.89M | 312.88M | 298.04M |
| Asset Growth % | - | -21.47% | 312.38% | 232.59% | -18.23% | -46.03% | 70.14% | 116.04% |
| PP&E (Net) | 2.86M | 4.18M | 13.11M | 4.49M | 32.74M | 100.7M | 98.31M | 103.62M |
| PP&E / Total Assets % | 7.38% | 13.77% | 10.46% | 1.08% | 9.61% | 54.76% | 31.42% | 34.77% |
| Total Current Assets | 15.08M | 10.8M | 110.66M | 390.07M | 279.58M | 68.91M | 121.07M | 103.79M |
| Cash & Equivalents | 14.66M | 10.05M | 105.13M | 203.04M | 109.92M | 27.09M | 58.26M | 55.24M |
| Receivables | 173.05K | 0 | 121K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 0 | 0 | 0 | 4.38M | 415K | 107K | 139K | 126K |
| Other Current Assets | 251.9K | 749.92K | 4.28M | 83.32M | 50.07M | -8.69M | 16.1M | 43.48M |
| Long-Term Investments | 0 | 0 | 0 | 9M | 15M | 3.27M | 3.37M | 13.27M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 1.79M | 4.54M | 8.28M | 7.06M |
| Other Assets | 20.75M | 15.4M | 1.52M | 13.16M | 11.64M | 6.48M | 41.35M | 51.46M |
| Total Liabilities | 52.74M | 7.97M | 193.96M | 129M | 116.96M | 57.63M | 224.26M | 244.26M |
| Total Debt | 1.63M | 2.16M | 1.36M | 1.55M | 1.86M | 1.36M | 94.6M | 171.68M |
| Net Debt | -13.03M | -7.89M | -103.77M | -201.49M | -108.06M | -25.73M | 36.34M | 116.43M |
| Long-Term Debt | 0 | 795.67K | 0 | 0 | 0 | 0 | 37.97M | 160.61M |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 56.63M | 11.06M |
| Capital Lease Obligations | 1.63M | 1.36M | 1.36M | 1.55M | 1.86M | 1.36M | 0 | 4.53M |
| Total Current Liabilities | 2.9M | 3.9M | 7.34M | 125.32M | 111.85M | 54.66M | 165.02M | 61.95M |
| Accounts Payable | 1.1M | 2.06M | 1.98M | 60.31M | 21.16M | 20.25M | 30.84M | 9.08M |
| Accrued Expenses | 801.43K | 1.29M | 948K | 10.58M | 5.99M | 20.56M | 0 | 38.49M |
| Deferred Revenue | 801.43K | 0 | 1.5M | 49.43M | 4.92M | 8.94M | 6.61M | 0 |
| Other Current Liabilities | -197.43K | 123.41K | 3.76M | 0 | 78.32M | 2.06M | 70.94M | 41.8M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 47.1M | 2.33M | 184.42M | 1.45M | 2.47M | 2.11M | 21.27M | 21.7M |
| Total Equity | -14.05M▲ 0% | 22.42M▲ 259.5% | -68.67M▼ 406.3% | 287.71M▲ 519.0% | 223.79M▼ 22.2% | 126.26M▼ 43.6% | 88.62M▼ 29.8% | 53.78M▲ 0% |
| Equity Growth % | - | 259.55% | -406.34% | 519% | -22.22% | -43.58% | -29.81% | -191.87% |
| Shareholders Equity | -14.05M | 22.42M | -68.67M | 287.71M | 223.79M | 126.32M | 67.46M | 30.46M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | -63K | 21.16M | 23.32M |
| Common Stock | 215 | 215 | 0 | 14K | 15K | 15K | 17K | 17K |
| Additional Paid-in Capital | 70.36K | 98.5K | 713K | 435.85M | 473.27M | 512.02M | 555.87M | 0 |
| Retained Earnings | -13.46M | -37.63M | -68.97M | -147.26M | -248.07M | -383.82M | -487.43M | -519.92M |
| Accumulated OCI | -663.36K | -2.1M | -413K | -888K | -1.42M | -1.9M | -966K | -636K |
| Return on Assets (ROA) | -26.21% | -69.99% | -40.26% | -28.89% | -25.99% | -51.75% | -41.71% | -40.28% |
| Return on Equity (ROE) | - | -577.86% | - | -71.49% | -38.49% | -77.56% | -96.44% | -146.8% |
| Debt / Equity | - | 0.10x | - | 0.01x | 0.01x | 0.01x | 1.07x | 1.07x |
| Debt / Assets | 4.21% | 7.11% | 1.08% | 0.37% | 0.55% | 0.74% | 30.23% | 57.6% |
| Net Debt / EBITDA | -1.30x | - | - | - | - | - | - | -1.61x |
| Book Value per Share | -11.4 | 0.33 | -0.64 | 2.33 | 1.57 | 0.84 | 0.55 | 0.31 |
NRGV Cash Flow Statement
Energy Vault Holdings, Inc. (NRGV) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -14.83M | -16.7M | -22.07M | -23.35M | -92.66M | -55.86M | -5.65M | -5.65M |
| Operating CF Growth % | - | -12.59% | -32.13% | -5.8% | -296.88% | 39.71% | 89.89% | -1596.74% |
| Operating CF / Revenue % | - | - | - | -16% | -27.13% | -120.91% | -2.77% | -2.6% |
| Net Income | -10.14M | -24.17M | -31.34M | -78.3M | -98.44M | -135.75M | -103.66M | -114.96M |
| Depreciation & Amortization | 8.45K | 54.65K | 2.32M | 8.49M | 893K | 1.06M | 5.73M | 8.97M |
| Deferred Taxes | -754.4K | 0 | 0 | 0 | 0 | 0 | 7.15M | 7.15M |
| Other Non-Cash Items | 1.25M | 12.71M | 3.45M | 41.1M | -1.04M | -21.84M | 24.86M | -44.34M |
| Working Capital Changes | -5.23M | -5.33M | 3.01M | 5.36M | -37.16M | 61.96M | 23.56M | 71.12M |
| Capital Expenditures | -1.16M | -1.75M | -1.17M | -13.32M | -30.43M | -58.85M | -41.09M | -41.37M |
| CapEx / Revenue % | - | - | - | 9.13% | 8.91% | 127.39% | 20.18% | 19.06% |
| CapEx / D&A | 136.84x | 32.11x | 0.50x | 1.57x | 34.08x | 55.63x | 7.18x | 4.61x |
| CapEx Coverage (OCF/CapEx) | -12.83x | -9.52x | -18.86x | -1.75x | -3.04x | -0.95x | -0.14x | -0.14x |
| Cash from Investing | -1.16M | -1.75M | -1.17M | -13.32M | -42.54M | -58.74M | -44.61M | -32.59M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | -1M | -9M | -6M | 0 | -65K | -65K |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | -2M | -6.11M | 117K | -3.45M | 8.85M |
| Cash from Financing | 28.04M | 15.64M | 116.38M | 217.77M | -5.48M | -252K | 123.05M | 157.14M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio % | - | - | - | - | - | - | - | - |
| Debt Issuance (Net) | 1000K | 1000K | -818K | -62K | 311K | -185K | 1000K | 3M |
| Stock Issued | 25.81M | 7.61M | 116K | 223.31M | 224K | 0 | 7.58M | 7.58M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -408K | 0 | 0 |
| Other Financing | 0 | 0 | -3.59M | -5.48M | -6.02M | 341K | 31.07M | 92.2M |
| Net Change in Cash | 11.72M▲ 0% | -4.61M▼ 139.3% | 95.07M▲ 2163.0% | 181.06M▲ 90.4% | -140.63M▼ 177.7% | -115.48M▲ 17.9% | 73.37M▲ 163.5% | 45.27M▲ 0% |
| Exchange Rate Effect | -332.43K | -1.8M | 1.93M | -49K | 52K | -634K | 576K | -22.57M |
| Cash at Beginning | 2.94M | 14.66M | 10.05M | 105.13M | 286.18M | 145.56M | 30.07M | 103.44M |
| Cash at End | 14.66M | 10.05M | 105.13M | 286.18M | 145.56M | 30.07M | 103.44M | 117.13M |
| Free Cash Flow | -15.99M▲ 0% | -18.45M▼ 15.4% | -23.24M▼ 25.9% | -36.66M▼ 57.8% | -123.09M▼ 235.7% | -114.71M▲ 6.8% | -46.74M▲ 59.3% | -98.08M▲ 0% |
| FCF Growth % | - | -15.42% | -25.91% | -57.79% | -235.7% | 6.8% | 59.25% | 15.74% |
| FCF Margin % | - | - | - | -25.13% | -36.04% | -248.3% | -22.95% | -45.2% |
| FCF / Net Income % | 157.66% | 76.35% | 74.15% | 46.83% | 125.03% | 84.5% | 45.11% | 85.32% |
NRGV Key Ratios
Energy Vault Holdings, Inc. (NRGV) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -577.86% | - | -71.49% | -38.49% | -77.56% | -96.44% | -146.8% |
| EBITDA Margin | - | - | -35.49% | -30.99% | -279.09% | -33.7% | -33.29% |
| Net Debt / EBITDA | - | - | - | - | - | - | -1.61x |
| Interest Coverage | -113.21x | -4475.71x | - | -2821.63x | -1102.63x | -10.33x | - |
| CapEx / Revenue | - | - | 9.13% | 8.91% | 127.39% | 20.18% | 19.06% |
| Dividend Payout Ratio | - | - | - | - | - | - | 0% |
| Debt / Equity | 0.10x | - | 0.01x | 0.01x | 0.01x | 1.07x | 1.07x |
| EPS Growth | 95.63% | 19.44% | -120.69% | -7.81% | -31.88% | 28.57% | 23.08% |
NRGV SEC Filings & Documents
Energy Vault Holdings, Inc. (NRGV) SEC filings — annual & quarterly reports (10-K, 10-Q)
NRGV Frequently Asked Questions
Energy Vault Holdings, Inc. (NRGV) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Energy Vault Holdings, Inc. (NRGV) reported $217.0M in revenue for fiscal year 2025.
Energy Vault Holdings, Inc. (NRGV) grew revenue by 340.9% over the past year. This is strong growth.
Energy Vault Holdings, Inc. (NRGV) reported a net loss of $115.0M for fiscal year 2025.
Dividend & Returns
Energy Vault Holdings, Inc. (NRGV) has a return on equity (ROE) of -96.4%. Negative ROE indicates the company is unprofitable.
Energy Vault Holdings, Inc. (NRGV) had negative free cash flow of $98.1M in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Energy Vault Holdings, Inc. (NRGV) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.
Explore More NRGV
Energy Vault Holdings, Inc. (NRGV) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates