Energy Vault Holdings, Inc.NRGVEarnings & Financial Report
Energy Vault is a global energy storage company specializing in gravity and kinetic energy based, long-duration energy storage products. Energy Vault's primary product is a gravity battery to store energy by stacking heavy blocks made of composite material into a structure, capturing potential energy in the elevation gain of the blocks. When demand for electricity is high, these blocks are lowered with the motors functioning as generators and delivering electricity to the grid.
NRGV Q1 FY2026 Key Financial Metrics
Revenue
$21.9M
Gross Profit
$4.8M
Operating Profit
$-7.1M
Net Profit
$-32.5M
Gross Margin
21.9%
Operating Margin
-32.5%
Net Margin
-148.5%
YoY Growth
156.4%
EPS
$-0.20
Energy Vault Holdings, Inc. Q1 FY2026 Financial Summary
Energy Vault Holdings, Inc. reported revenue of $21.9M (up 156.4% YoY) for Q1 FY2026, with a net profit of $-32.5M (down 53.7% YoY) (-148.5% margin). Cost of goods sold was $17.1M, operating expenses totaled $11.9M.
Key Financial Metrics
| Total Revenue | $21.9M |
|---|---|
| Net Profit | $-32.5M |
| Gross Margin | 21.9% |
| Operating Margin | -32.5% |
| Report Period | Q1 FY2026 |
Energy Vault Holdings, Inc. Annual Revenue by Year
Energy Vault Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $46.2M).
Energy Vault Holdings, Inc. Quarterly Revenue & Net Profit History
Energy Vault Holdings, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $21.9M | +156.4% | $-32.5M | -148.5% |
| Q3 FY2025 | $33.3M | +2678.9% | $-26.8M | -80.5% |
| Q2 FY2025 | $8.5M | +125.8% | $-34.9M | -410.3% |
| Q1 FY2025 | $8.5M | +10.0% | $-21.1M | -247.7% |
| Q4 FY2024 | $33.5M | -71.7% | $-61.8M | -184.7% |
| Q3 FY2024 | $1.2M | -99.3% | $-26.6M | -2217.9% |
| Q2 FY2024 | $3.8M | -90.5% | $-26.2M | -694.6% |
| Q1 FY2024 | $7.8M | -32.1% | $-21.1M | -272.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.8M | $3.8M | $1.2M | $33.5M | $8.5M | $8.5M | $33.3M | $21.9M |
| YoY Growth | -32.1% | -90.5% | -99.3% | -71.7% | 10.0% | 125.8% | 2678.9% | 156.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $285.9M | $255.6M | $252.9M | $183.9M | $217.4M | $248.8M | $281.9M | $298.0M |
| Liabilities | $73.6M | $60.1M | $73.8M | $57.6M | $102.5M | $158.5M | $201.3M | $244.3M |
| Equity | $212.3M | $195.6M | $179.1M | $126.3M | $114.9M | $90.3M | $80.5M | $30.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $947000 | $-12.8M | $-9.2M | $-34.8M | $-2.7M | $15.4M | $-11.7M | $-53.8M |