greeksoup/ stock research
Stock research / United States / NRGV · Miscellaneous Electrical Machinery, Equipment & Supplies · NYSE

Energy Vault Holdings, Inc. (NRGV)

Compare with another name

Energy Vault Holdings, Inc. (NRGV) reported revenue of $17 million for Q2 FY2026, the quarter ended 30 June 2026, up 104.1% on the same quarter a year earlier. Net income was -$30 million, and diluted earnings per share $-0.18. The figures are the company's own, from the 10-Q it filed with the SEC on 11 August 2026.

Revenue$17 millionup 104.1%
Net income-$30 million
Diluted EPS$-0.18
QuarterQ2 FY2026ended 30 June 2026

Energy Vault Holdings (NRGV) in brief

Energy Vault Holdings (NRGV) reported revenue of $204 million for fiscal 2025, the year ended 31 December 2025, up 340.9% on the year before.
Read moreNet loss was $104 million and the diluted loss per share $0.65. Revenue was $46 million in fiscal 2024, $342 million in fiscal 2023, $146 million in fiscal 2022 and $0 million in fiscal 2021. Net income in the same years was a loss of $136 million, a loss of $98 million, a loss of $78 million and a loss of $31 million. Over the twelve months to 30 June 2026, Energy Vault Holdings reported revenue of $226 million and net loss of $110 million. Energy Vault Holdings had 180 million shares outstanding at the latest filed count. At 30 June 2026 it carried $264 million of debt and $93 million of cash. At the close of 29 October 2026 the market cap of Energy Vault Holdings was $590 million.

Ratios

From the filings

ROE-1,600.2%
ROCE-27.4%
Operating margin-32.8%
Net margin-48.6%
FCF margin-64.1%
Interest cover-5.49
Debt to equity38.53
Cash conversionn/a
Share count, last 12 months12.0%
Sales CAGR, 3 years11.8%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.67

At the close of 29 October 2026

Price$3.28
Market cap$590 million
Stock P/En/a
Price to book86.07
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales2.61
52-week high$6.49
52-week low$2.51
Price, 1 year0.6%
Price CAGR, 3 years20.6%
Price CAGR, 5 years-20.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Energy Vault Holdings, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
NRGVgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on NRGV

Dividendsno dividend in its filings for fiscal 2021 onward
Filings29 in twelve months: 20 current reports (8-K), about 7 new financial obligation; 6 material agreement; 6 results of operations; 5 unregistered sale of equity; 5 other events
Planned insider sales6 Form 144 notices in twelve months, $19.4 million; latest 4 September 2026
Options tapeput/call 0.13 by open interest at the 29 October 2026 close; the straddle prices a 27.0% move to 20 November 2026
13F holders174 funds reported a position for the quarter to 30 June 2026; largest SB Investment Advisers (uk) Ltd
Insider trading5 sales and 11 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest32.2 million shares short, 9.11 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 6 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022 †Q3 FY2022 †Q4 FY2022 *Q1 FY2023 †Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue0.00.042.91.01.710011.439.71721187.83.81.233.58.58.533.315321.917.4
Cost of revenuen/an/a0.00.61.684.49.035.71651145.72.70.730.93.76.024.312217.112.0
Gross profitn/an/a42.90.40.115.92.43.97.14.02.11.00.52.64.92.59.031.64.85.4
Gross marginn/an/a100%42%4%16%21%10%4%3%27%28%40%8%57%30%27%21%22%31%
R&D1.73.09.78.611.713.911.210.28.27.67.07.05.76.43.84.13.43.42.62.5
Operating income-5.6-12.820.8-22.0-36.2-25.7-32.9-28.4-21.2-24.2-24.6-27.9-27.1-50.4-20.9-28.1-17.6-7.7-24.2-24.7
Operating marginn/an/a49%-2249%-2137%-26%-288%-71%-12%-20%-317%-740%-2258%-151%-245%-331%-53%-5%-111%-142%
Interest expense0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.12.52.83.13.54.2
Pre-tax income-6.2-12.7-20.0-6.1-28.6-23.2-31.2-26.2-19.3-22.1-21.1-26.2-26.6-61.8-20.8-32.9-21.3-21.0-32.5-28.8
Net income-6.2-12.7-20.1-6.2-28.8-23.3-31.2-26.2-18.9-22.2-21.1-26.2-26.6-61.8-21.1-34.9-26.8-20.7-32.5-29.7
Net marginn/an/a-47%-632%-1698%-23%-273%-66%-11%-19%-272%-695%-2218%-185%-248%-410%-80%-14%-148%-171%
Diluted EPS-$0.44-$0.91-$0.25-$0.05-$0.21-$0.17-$0.22-$0.18-$0.13-$0.15-$0.14-$0.18-$0.18-$0.43-$0.14-$0.22-$0.16-$0.13-$0.20-$0.18
Operating cash flow-5.1-8.0-16.8-10.0-20.924.4-70.8-21.1-24.223.40.9-12.8-9.2-34.8-2.715.4-11.7-6.6-53.8-30.6
Capital expenditure0.00.10.10.20.31.611.67.28.43.28.812.527.310.56.88.415.510.47.19.1
Free cash flow-5.1-8.1-16.9-10.3-21.322.8-82.4-28.2-32.620.1-7.8-25.2-36.4-45.4-9.56.9-27.2-17.0-60.9-39.7
Shares outstanding138m20m134m134m138m139m141m143m143m147m148m150m152m153m154m161m167m169m174m180m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 5 fiscal years and the trailing twelve months

FY2021FY2022 †FY2023FY2024FY2025TTM
Revenue0.014634246.2204226
Cost of revenue0.086.632440.0156175
Gross profit0.059.317.56.248.050.8
Gross marginn/a40.6%5.1%13.4%23.6%22.5%
Research and development7.942.637.126.014.611.9
Operating income-29.5-63.1-107-130-74.4-74.2
Operating marginn/a-43.2%-31.3%-281.4%-36.5%-32.8%
Interest expense0.00.00.00.18.513.5
Pre-tax income-31.3-77.9-98.8-136-95.9-104
Income tax0.00.4-0.30.17.86.2
Net income-31.3-78.3-98.4-136-104-110
Net marginn/a-53.7%-28.8%-293.8%-50.9%-48.6%
Diluted EPS-$2.45-$0.64-$0.69-$0.91-$0.65-$0.67
Filing10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by region FY2024 to FY2025

FY2024FY2025Share
of the parts, latest year
Australia1.012461.0%
United States44.474.236.4%
Other0.85.22.5%
AustraliaUnited StatesOther
46.2FY2024204FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2021FY2022 †FY2023FY2024FY2025TTM
Operating cash flow-22.1-23.3-92.7-55.9-5.6-103
Capital expenditure0.22.330.458.941.142.1
Free cash flow-22.2-25.7-123-115-46.7-145
Free cash flow marginn/a-17.6%-36.0%-248.3%-22.9%-64.1%
Cash from investing-1.2-13.3-42.5-58.7-44.6-31.7
Cash from financing116218-5.5-0.3123226
Depreciation and amortisation2.37.70.91.13.46.8
Share-based compensation0.541.143.138.736.729.9
Diluted shares, weighted13m123m143m150m161m178m
Shares outstanding at period end20m139m147m153m169m180m
Filing10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2021FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity-68.728822412667.56.9
Non-controlling interestn/an/a0.0n/an/an/a
Redeemable equity1830.0n/a0.021.225.8
Debt0.00.00.00.099.6264
Operating lease liabilities0.70.71.00.81.51.4
Finance lease liabilities0.00.00.10.10.10.1
Other liabilities10.612811656.812372.3
Total liabilities and equity125417341184313371
Owned
Intangible assetsn/a0.01.84.58.37.2
Investmentsn/an/a17.36.23.71.7
Securities held for sale or to maturityn/a2.1n/an/an/an/a
Cash and equivalents10520311027.158.393.0
Receivables0.037.527.214.625.97.2
Inventory0.04.40.40.10.10.4
Other assets20.2170184131217261
Total assets125417341184313371
Filing10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a11.8%336.8%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-83.1%-101.7%-153.6%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Energy Vault Holdings' revenue in fiscal 2025?

Energy Vault Holdings (NRGV) reported revenue of $204 million for fiscal 2025, the year ended 31 December 2025, up 340.9% on the year before.

How much did Energy Vault Holdings earn in fiscal 2025?

Net loss was $104 million for fiscal 2025, and the diluted loss per share $0.65.

What is Energy Vault Holdings' market cap?

The market cap of Energy Vault Holdings was $590 million at the close of 29 October 2026.

How much debt does Energy Vault Holdings have?

At 30 June 2026 Energy Vault Holdings carried $264 million of debt and $93 million of cash.

Peers: Electrical Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
EnerSys ENS$6.2 billion18.3317.9%13.0%3.7%0.530.6%
Novanta Inc. NOVT$5.7 billion96.953.8%9.0%7.6%0.14n/a
Spectrum Brands Holdings, Inc. SPB$1.9 billion24.854.3%4.0%0.8%0.332.3%
Energizer Holdings, Inc. ENR$1.6 billion19.6340.1%n/a2.2%16.415.2%
American Superconductor Corp. AMSC$1.4 billion9.2623.9%4.9%25.9%0.00n/a
Amprius Technologies, Inc. AMPX$1.3 billionn/a-29.0%-37.7%143.6%0.00n/a
Fuelcell Energy Inc. FCEL$975 millionn/a-18.0%-116.3%1.1%0.14n/a
Enovix Corp. ENVX$769 millionn/a-81.0%-496.5%34.9%2.53n/a
LSI Industries Inc. LYTS$763 million30.826.3%5.6%20.2%0.711.0%
Eos Energy Enterprises, Inc. EOSE$678 millionn/an/a-142.6%533.9%n/an/a
Energy Vault Holdings, Inc. NRGV$590 millionn/a-1,600.2%-32.8%336.8%38.53n/a
Solid Power, Inc. SLDP$462 millionn/a-17.9%-978.2%-51.5%0.00n/a
All 24 in Electrical Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
General Electric Co. GE$323.6 billion36.5052.0%17.7%19.6%1.100.6%
GE Vernova Inc. GEV$235.1 billion23.3091.1%6.4%16.9%0.250.2%
Emerson Electric Co. EMR$95.3 billion37.3712.7%n/a4.8%0.641.3%
Bloom Energy Corp. BE$65.7 billion135.6126.8%14.8%110.6%1.28n/a
Otis Worldwide Corp. OTIS$28.4 billion18.56n/a15.3%5.8%n/a2.3%
Woodward, Inc. WWD$18.6 billion35.0222.3%n/a22.3%0.540.4%
Generac Holdings Inc. GNRC$12.0 billion46.859.0%9.5%0.6%0.46n/a
Littelfuse Inc. LFUS$10.3 billion331.261.4%5.5%18.7%0.230.8%
Acuity Inc. (De) AYI$9.7 billion19.1417.9%15.4%6.8%0.230.2%
EnerSys ENS$6.2 billion18.3317.9%13.0%3.7%0.530.6%
Powell Industries Inc. POWL$6.1 billion32.3525.2%19.7%7.0%0.000.2%
Novanta Inc. NOVT$5.7 billion96.953.8%9.0%7.6%0.14n/a
Franklin Electric Co. Inc. FELE$4.3 billion21.7613.8%12.4%7.3%0.39n/a
Plug Power Inc. PLUG$2.0 billionn/a-282.1%-172.8%10.6%1.00n/a
Spectrum Brands Holdings, Inc. SPB$1.9 billion24.854.3%4.0%0.8%0.332.3%
Energizer Holdings, Inc. ENR$1.6 billion19.6340.1%n/a2.2%16.415.2%
American Superconductor Corp. AMSC$1.4 billion9.2623.9%4.9%25.9%0.00n/a
Amprius Technologies, Inc. AMPX$1.3 billionn/a-29.0%-37.7%143.6%0.00n/a
Fuelcell Energy Inc. FCEL$975 millionn/a-18.0%-116.3%1.1%0.14n/a
Enovix Corp. ENVX$769 millionn/a-81.0%-496.5%34.9%2.53n/a
LSI Industries Inc. LYTS$763 million30.826.3%5.6%20.2%0.711.0%
Eos Energy Enterprises, Inc. EOSE$678 millionn/an/a-142.6%533.9%n/an/a
Energy Vault Holdings, Inc. NRGV$590 millionn/a-1,600.2%-32.8%336.8%38.53n/a
Solid Power, Inc. SLDP$462 millionn/a-17.9%-978.2%-51.5%0.00n/a
8 companies share its SEC industry code (Miscellaneous Electrical Machinery, Equipment & Supplies); the rest are the names nearest in size in its wider industry, Electrical Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202611 August 2026EDGAR
10-Q31 March 202619 May 2026EDGAR
10-K31 December 202518 March 2026EDGAR
10-Q30 September 202510 November 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 202513 May 2025EDGAR
10-K31 December 20241 April 2025EDGAR
10-Q30 September 202412 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR