NRGV

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Energy Vault Holdings, Inc.

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Key Metrics

Previous Close: $3.86
52-Week Range: $1.55 – $6.65
Market Cap: $680.08M
P/E (TTM): —
EPS (TTM): -0.67
Dividend Yield: —

Advanced Metrics

Price/Book: 98.42
PEG Ratio: —
Return on Equity: -178.56%
Return on Assets: -15.51%
Gross Margin: 22.47%
Operating Margin: -141.97%
Profit Margin: -48.58%
Current Ratio: 1.19
Debt/Equity: 7.51
Total Debt: $244.97M
Free Cash Flow: $-115.56M
Revenue Growth: 104.10%
Earnings Growth: —
Enterprise Value: $879.21M

NRGV Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$145.88M	$341.54M	$46.20M	$203.67M
Cost of Revenue	$86.58M	$324.01M	$40.01M	$155.68M
Gross Profit	$59.30M	$17.53M	$6.19M	$47.99M
Research & Development	$42.60M	$37.10M	$26.00M	$14.63M
Selling, General & Admin	$69.20M	$86.12M	$78.81M	$94.88M
Operating Expenses	$119.55M	$124.27M	$135.85M	$122.36M
Operating Income	-$60.26M	-$106.74M	-$129.66M	-$74.37M
EBITDA	-$70.13M	-$97.86M	-$134.56M	-$81.70M
Pretax Income	-$77.87M	-$98.79M	-$135.75M	-$95.89M
Income Tax	$427.00K	-$349.00K	$67.00K	$7.76M
Net Income	-$78.30M	-$98.44M	-$135.75M	-$103.61M
Diluted EPS	-0.64	-0.69	-0.91	-0.65
Diluted Shares	123.24M	142.85M	149.85M	160.53M

NRGV Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$203.04M	$109.92M	$27.09M	$58.26M
Receivables	$68.39M	$116.05M	$26.25M	$47.38M
Inventory	$4.38M	$415.00K	$107.00K	$139.00K
Current Assets	$390.07M	$279.58M	$68.91M	$121.07M
Total Assets	$416.71M	$340.75M	$183.89M	$312.88M
Current Liabilities	$125.32M	$111.85M	$54.66M	$165.02M
Long-Term Debt	—	—	—	$37.97M
Total Debt	$1.55M	$1.86M	$1.36M	$96.73M
Total Liabilities	$129.00M	$116.96M	$57.63M	$224.26M
Retained Earnings	-$147.26M	-$248.07M	-$383.82M	-$487.43M
Shareholders' Equity	$287.71M	$223.79M	$126.32M	$67.49M
Working Capital	$264.74M	$167.73M	$14.25M	-$43.95M
Net Debt	—	—	—	$36.34M

NRGV Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$23.35M	-$92.66M	-$55.86M	-$5.65M
Capital Expenditure	-$2.32M	-$36.54M	-$58.85M	-$42.47M
Free Cash Flow	-$25.66M	-$129.20M	-$114.71M	-$48.11M
Depreciation & Amortisation	$7.74M	$893.00K	$1.06M	$5.73M
Stock-Based Compensation	$41.06M	$43.10M	$38.71M	$36.71M
Investing Cash Flow	-$13.32M	-$42.54M	-$58.74M	-$44.61M
Financing Cash Flow	$217.77M	-$5.48M	-$252.00K	$123.05M
Net Change in Cash	$181.11M	-$140.68M	-$114.85M	$72.79M

NRGV Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$8.53M	$8.51M	$33.32M	$153.31M	$21.88M
Cost of Revenue	$3.66M	$6.00M	$24.31M	$121.72M	$17.09M
Gross Profit	$4.88M	$2.52M	$9.01M	$31.59M	$4.79M
Research & Development	$3.82M	$4.07M	$3.36M	$3.38M	$2.59M
Selling, General & Admin	$21.65M	$22.27M	$23.01M	$27.94M	$24.15M
Operating Expenses	$25.77M	$30.66M	$26.59M	$39.33M	$28.99M
Operating Income	-$20.89M	-$28.15M	-$17.58M	-$7.74M	-$24.20M
EBITDA	-$20.43M	-$29.87M	-$17.71M	-$13.03M	-$26.11M
Pretax Income	-$20.79M	-$32.86M	-$21.28M	-$20.96M	-$32.48M
Income Tax	$383.00K	$2.07M	$5.54M	-$228.00K	$1.00K
Net Income	-$21.14M	-$34.93M	-$26.82M	-$20.73M	-$32.48M
Diluted EPS	-0.14	-0.22	-0.16	-0.13	-0.20
Diluted Shares	153.72M	156.91M	163.33M	167.98M	171.87M

NRGV Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$17.82M	$21.42M	$32.70M	$58.26M	$55.24M
Receivables	$16.55M	$14.86M	$11.84M	$47.38M	$24.28M
Inventory	$107.00K	—	$7.03M	$139.00K	$126.00K
Current Assets	$74.36M	$94.89M	$103.24M	$121.07M	$103.79M
Total Assets	$217.44M	$248.83M	$281.88M	$312.88M	$298.04M
Current Liabilities	$86.25M	$143.83M	$164.44M	$165.02M	$72.03M
Long-Term Debt	$12.89M	$10.24M	$31.56M	$37.97M	$150.53M
Total Debt	$28.48M	$35.59M	$62.46M	$96.73M	$173.75M
Total Liabilities	$102.53M	$158.53M	$201.33M	$224.26M	$244.26M
Retained Earnings	-$404.96M	-$439.88M	-$466.70M	-$487.43M	-$519.92M
Shareholders' Equity	$115.01M	$90.33M	$80.58M	$67.49M	$30.49M
Working Capital	-$11.89M	-$48.93M	-$61.20M	-$43.95M	$31.76M
Net Debt	$8.37M	$11.94M	$27.48M	$36.34M	$116.43M

NRGV Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$2.73M	$15.36M	-$11.71M	-$6.57M	-$53.80M
Capital Expenditure	-$6.78M	-$8.41M	-$15.46M	-$11.81M	-$7.06M
Free Cash Flow	-$9.51M	$6.95M	-$27.16M	-$18.39M	-$60.85M
Depreciation & Amortisation	$305.00K	$473.00K	$1.49M	$3.46M	$3.55M
Stock-Based Compensation	$9.28M	$8.98M	$10.15M	$8.30M	$7.05M
Investing Cash Flow	-$7.31M	-$10.02M	-$15.46M	-$11.81M	$4.71M
Financing Cash Flow	$27.06M	$5.08M	$31.29M	$59.62M	$61.15M
Net Change in Cash	$17.02M	$10.42M	$4.13M	$41.24M	$12.06M

Market Snapshot

About

Energy Vault Holdings, Inc. develops gravity-based and battery energy storage systems for utility-scale renewable energy integration. The company uses proprietary technology to store energy by lifting and lowering composite blocks, converting potential energy into electricity. Energy Vault targets grid operators and renewable developers seeking long-duration storage solutions to balance intermittent solar and wind power.