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Energy Vault Holdings, Inc.

Energy Vault Holdings, Inc.NRGVEarnings & Financial Report

NYSE · grid energy storage

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 Q3 2025 Key Financial Metrics

Revenue

$33.3M

Gross Profit

$9.0M

Operating Profit

$-17.6M

Net Profit

$-26.8M

Gross Margin

27.0%

Operating Margin

-52.8%

Net Margin

-80.5%

YoY Growth

2678.9%

EPS

$-0.16

Financial Flow

Energy Vault Holdings, Inc. Q3 2025 Financial Summary

Energy Vault Holdings, Inc. reported revenue of $33.3M for Q3 2025, with a net profit of $-26.8M (-80.5% margin). Cost of goods sold was $24.3M, operating expenses totaled $26.6M.

Key Financial Metrics

Total Revenue$33.3M
Net Profit$-26.8M
Gross Margin27.0%
Operating Margin-52.8%
Report PeriodQ3 2025

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).

YearAnnual Revenue
2024$46.2M
2023$341.5M
2022$145.9M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$118.2M$7.8M$3.8M$1.2M$33.5M$8.5M$8.5M$33.3M
YoY Growth17.9%-32.1%-90.5%-99.3%-71.7%10.0%125.8%2678.9%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$340.8M$285.9M$255.6M$252.9M$183.9M$217.4M$248.8M$281.9M
Liabilities$117.0M$73.6M$60.1M$73.8M$57.6M$102.5M$158.5M$201.3M
Equity$223.8M$212.3M$195.6M$179.1M$126.3M$114.9M$90.3M$80.5M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$23.4M$947000$-12.8M$-9.2M$-34.8M$-2.7M$15.4M$-11.7M