Energy Vault Holdings, Inc. (NRGV) Financial Statements
Industry: Miscellaneous Electrical Machinery, Equipment & Supplies
In fiscal 2025, Energy Vault reported revenue of $203.7M, up 340.9% from $46.2M the year before. Net income was -$103.6M (a -50.9% net margin), or -$0.65 per diluted share. Gross margin was 23.6% and operating margin was -36.5%. Operating activities generated -$5.6M of cash, leaving -$46.7M of free cash flow. At fiscal year end, Energy Vault held $312.9M in total assets against $224.3M in total liabilities, including $58.3M of cash and equivalents.
Open the full interactive Energy Vault financials → Quarterly statements, key ratios, valuation history and price charts.
Energy Vault Key Stats
| Share Price | $3.11 |
|---|---|
| Market Cap | $554.8M |
| Revenue YoY Growth | +340.9% |
| 52-Week Range | $2.51 – $6.49 |
| Shares Outstanding | 178.1 million (basic, 2026 Q2) |
Energy Vault Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $0 | $145.9M | $341.5M | $46.2M | $203.7M |
| Cost of Goods Sold | $0 | — | — | — | — |
| Gross Profit | $0 | $59.3M | $17.5M | $6.2M | $48.0M |
| Operating Income | -$1.2M | -$63.1M | -$106.7M | -$130.0M | -$74.4M |
| Pre-Tax Income | -$3.3M | -$77.9M | -$98.8M | -$135.7M | -$95.9M |
| Income Tax | — | $427,000 | -$349,000 | $67,000 | $7.8M |
| Net Income | -$3.3M | -$78.3M | -$98.4M | -$135.8M | -$103.6M |
| Diluted EPS | -$0.10 | -$0.64 | -$0.69 | -$0.91 | -$0.65 |
Energy Vault Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $33.3M | $153.3M | $21.9M | $17.4M |
| Net Income | -$26.8M | -$20.7M | -$32.5M | -$29.7M |
| Diluted EPS | -$0.16 | -$0.13 | -$0.20 | -$0.18 |
Energy Vault Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $396,295 | $203.0M | $109.9M | $27.1M | $58.3M |
| Current Assets | $510,878 | $390.1M | $279.6M | $68.9M | $121.1M |
| Total Assets | $288.0M | $416.7M | $340.8M | $183.9M | $312.9M |
| Current Liabilities | $208,913 | $125.3M | $111.9M | $54.7M | $165.0M |
| Total Long-Term Debt | — | — | — | — | $94.6M |
| Total Liabilities | $18.6M | $129.0M | $117.0M | $57.6M | $224.3M |
| Shareholders' Equity | -$18.1M | $287.7M | $223.8M | $126.3M | $67.5M |
Energy Vault Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$1.2M | -$23.3M | -$92.7M | -$55.9M | -$5.6M |
| Cash From Investing | -$287.5M | -$13.3M | -$42.5M | -$58.7M | -$44.6M |
| Cash From Financing | $288.9M | $217.8M | -$5.5M | -$252,000 | $123.0M |
| Free Cash Flow | — | -$25.7M | -$123.1M | -$114.7M | -$46.7M |
Figures from Energy Vault's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Energy Vault financials page for every line item.
Energy Vault Company Profile
| Ticker | NRGV |
|---|---|
| Exchange | NYSE |
| Industry | Miscellaneous Electrical Machinery, Equipment & Supplies |
| Headquarters | Westlake Villiage, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001828536 |
Frequently Asked Questions
What was Energy Vault's revenue in fiscal 2025?
Energy Vault (NRGV) reported revenue of $203.7M for fiscal 2025.
What is Energy Vault's annual revenue history?
Energy Vault's annual revenue by fiscal year: 2021: $0; 2022: $145.9M; 2023: $341.5M; 2024: $46.2M; 2025: $203.7M.
What was Energy Vault's net income in fiscal 2025?
Energy Vault reported net income of -$103.6M for fiscal 2025.
What was Energy Vault's earnings per share (EPS) in fiscal 2025?
Energy Vault's diluted EPS was -$0.65 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Energy Vault generate in fiscal 2025?
Energy Vault generated -$46.7M of free cash flow in fiscal 2025.
What was Energy Vault's revenue last quarter?
In its most recent reported quarter (2026 Q2), Energy Vault reported revenue of $17.4M.
How much debt does Energy Vault have?
Energy Vault reported $94.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Energy Vault are outstanding?
Energy Vault reported a weighted average of 178.1 million basic shares outstanding in 2026 Q2.
What is Energy Vault's market cap?
Based on its latest closing price, Energy Vault (NRGV) has a market capitalization of about $554.8M.
When does Energy Vault's fiscal year end?
Energy Vault's fiscal year end, as registered with the SEC, is December 31.
Where is Energy Vault headquartered?
Energy Vault lists its business address in Westlake Villiage, California in its SEC filings.
Energy Vault Competitors & Similar Companies
See all 32 Miscellaneous Electrical Machinery, Equipment & Supplies companies →