ENERGY VAULT HOLDINGS, INC. financials
Source: EDGAR filings · Built 2026-06-02T03:40:50Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -46.85M | -114.90M | -123.13M | -25.73M | -22.29M | — |
| EBITDA | -70.93M | -128.94M | -105.84M | -55.34M | -27.22M | — |
| Working Capital | -43.95M | 14.25M | 167.73M | 264.74M | 103.32M | -13.15K |
| Net Debt | 43.45M | -25.73M | -108.06M | -201.49M | -103.77M | — |
| Gross Margin | 23.56% | 13.39% | 5.13% | 40.65% | — | — |
| Operating Margin | -36.51% | -281.38% | -31.25% | -43.24% | — | — |
| Net Margin | -50.87% | -293.84% | -28.82% | -53.67% | — | — |
| Return on Equity (ROE) | -153.59% | -107.52% | -43.99% | -27.21% | 45.64% | 0.00% |
| Return on Assets (ROA) | -33.12% | -73.82% | -28.89% | -18.79% | -25.01% | -0.53% |
| Current Ratio | 0.73× | 1.26× | 2.50× | 3.11× | 15.07× | 0.93× |
| Debt-to-Equity | 1.51× | 0.01× | 0.01× | 0.01× | -0.02× | — |
| Effective Tax Rate | -8.10% | -0.05% | 0.35% | -0.55% | -0.00% | — |
| Cash Conversion Ratio | 0.05× | 0.41× | 0.94× | 0.30× | 0.70× | 0.09× |
| Accruals Ratio | -0.31× | -0.43× | -0.02× | -0.13× | -0.07× | -0.00× |
| SBC % of Revenue | 18.03% | 83.79% | 12.62% | 28.15% | — | — |
| CapEx Coverage | -0.14× | -0.95× | -3.04× | -9.81× | -98.95× | — |
| Free Cash Flow Per Share | $-0.29 | $-0.77 | $-0.86 | $-0.21 | $-1.74 | — |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 203.67M | 46.20M | 341.54M | 145.88M | 0 | — |
| Revenues | 203.67M | 46.20M | — | — | — | — |
| Cost of Revenue | 155.68M | 40.01M | 324.01M | 86.58M | 0 | — |
| Gross Profit | 47.99M | 6.19M | 17.53M | 59.30M | — | — |
| Research and Development Expense | 14.63M | 26.00M | 37.10M | 42.60M | 7.91M | — |
| Operating Expenses | 122.36M | 136.18M | 124.27M | — | — | 1.10K |
| Operating Income (Loss) | -74.37M | -130.00M | -106.74M | -63.08M | -29.54M | -1.10K |
| Income Tax Expense (Benefit) | 7.76M | 67.00K | -349.00K | 427.00K | 1.00K | — |
| Net Income (Loss) Attributable to Parent | -103.61M | -135.75M | -98.44M | -78.30M | -31.34M | -1.10K |
| Earnings Per Share, Basic | $-0.65 | $-0.91 | $-0.69 | $-0.64 | $-2.45 | — |
| Weighted Average Number of Shares Outstanding, Basic | 160.53M | 149.85M | 142.85M | 123.24M | 12.78M | — |
| Earnings Per Share, Diluted | $-0.65 | $-0.91 | $-0.69 | $-0.64 | $-2.45 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 160.53M | 149.85M | 142.85M | 123.24M | 12.78M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 58.26M | 27.09M | 109.92M | 203.04M | 105.13M | 172.85K |
| Assets, Current | 121.07M | 68.91M | 279.58M | 390.07M | 110.66M | 172.85K |
| Assets | 312.88M | 183.89M | 340.75M | 416.71M | 125.29M | 209.90K |
| Liabilities, Current | 165.02M | 54.66M | 111.85M | 125.32M | 7.34M | 186.00K |
| Long-term Debt, Excluding Current Maturities | 37.97M | 0 | — | — | — | — |
| Liabilities | 224.26M | 57.63M | 116.96M | 129.00M | 11.25M | 186.00K |
| Stockholders' Equity Attributable to Parent | — | — | 223.79M | 287.71M | -68.67M | -39.63M |
| Common Stock, Shares, Outstanding | 168.97M | 153.21M | 146.58M | 138.53M | 20.43M | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -5.65M | -55.86M | -92.66M | -23.35M | -22.07M | -104 |
| Payments to Acquire Property, Plant, and Equipment | 41.09M | 58.85M | 30.43M | 2.32M | 170.00K | — |
| Net Cash Provided by (Used in) Investing Activities | -44.61M | -58.74M | -42.54M | -13.32M | -1.17M | — |
| Net Cash Provided by (Used in) Financing Activities | 123.05M | -252.00K | -5.48M | 217.77M | 116.38M | 172.96K |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -60.87M | -17.02M | -29.82M | -2.65M | -9.52M | -45.35M |
| EBITDA | -21.98M | -5.38M | -17.29M | -27.68M | -20.59M | -50.18M |
| Working Capital | 31.76M | -43.95M | -61.20M | -48.93M | -11.89M | 14.25M |
| Net Debt | 135.07M | 43.45M | 39.03M | 18.64M | 10.66M | -25.73M |
| Gross Margin | 21.88% | 20.60% | 27.04% | 29.56% | 57.14% | 7.73% |
| Operating Margin | -110.61% | -5.05% | -52.77% | -330.69% | -244.82% | -150.60% |
| Net Margin | -148.48% | -13.52% | -80.49% | -410.33% | -247.67% | -184.73% |
| Return on Equity (ROE) | -106.66% | -30.73% | -33.29% | -38.68% | -18.39% | -48.97% |
| Return on Assets (ROA) | -10.90% | -6.63% | -9.51% | -14.04% | -9.72% | -33.62% |
| Current Ratio | 1.44× | 0.73× | 0.63× | 0.66× | 0.86× | 1.26× |
| Debt-to-Equity | 6.25× | 1.51× | 0.89× | 0.44× | 0.25× | 0.01× |
| Effective Tax Rate | -0.00% | 1.09% | -26.01% | -6.31% | -1.84% | -0.11% |
| Cash Conversion Ratio | 1.66× | 0.32× | -0.03× | -0.36× | 0.13× | 0.56× |
| Accruals Ratio | 0.07× | -0.05× | -0.10× | -0.19× | -0.08× | -0.15× |
| SBC % of Revenue | 32.24% | 5.42% | 85.27% | 214.52% | 108.69% | 27.70% |
| CapEx Coverage | -7.60× | -0.63× | 0.03× | 0.83× | -0.40× | -3.31× |
| Free Cash Flow Per Share | $-0.35 | $-0.11 | $-0.18 | $-0.02 | $-0.06 | $-0.30 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | — | — | 8.53M | 33.47M |
| Revenues | 21.88M | 153.31M | 33.32M | 8.51M | 8.53M | 33.47M |
| Cost of Revenue | 17.09M | 121.72M | 24.31M | 6.00M | 3.66M | 30.88M |
| Gross Profit | 4.79M | 31.59M | 9.01M | 2.52M | 4.88M | 2.59M |
| Research and Development Expense | 2.59M | 3.38M | 3.36M | 4.07M | 3.82M | 6.38M |
| Operating Expenses | 28.99M | 39.33M | 26.59M | 30.66M | 25.77M | 53.00M |
| Operating Income (Loss) | -24.20M | -7.74M | -17.58M | -28.15M | -20.89M | -50.41M |
| Income Tax Expense (Benefit) | 1.00K | -228.00K | 5.54M | 2.07M | 383.00K | 67.00K |
| Net Income (Loss) Attributable to Parent | -32.48M | -20.73M | -26.82M | -34.93M | -21.14M | -61.83M |
| Earnings Per Share, Basic | $-0.20 | $-0.13 | $-0.16 | $-0.22 | $-0.14 | $-0.41 |
| Weighted Average Number of Shares Outstanding, Basic | 171.87M | 160.53M | 163.33M | 156.91M | 153.72M | 149.85M |
| Earnings Per Share, Diluted | $-0.20 | $-0.13 | $-0.16 | $-0.22 | $-0.14 | $-0.41 |
| Weighted Average Number of Shares Outstanding, Diluted | 171.87M | 160.53M | 163.33M | 156.91M | 153.72M | 149.85M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 55.24M | 58.26M | 32.70M | 21.42M | 17.82M | 27.09M |
| Assets, Current | 103.79M | 121.07M | 103.24M | 94.89M | 74.36M | 68.91M |
| Assets | 298.04M | 312.88M | 281.88M | 248.83M | 217.44M | 183.89M |
| Liabilities, Current | 72.03M | 165.02M | 164.44M | 143.83M | 86.25M | 54.66M |
| Long-term Debt, Excluding Current Maturities | 150.53M | 37.97M | 31.56M | 10.24M | 12.89M | 0 |
| Liabilities | 244.26M | 224.26M | 201.33M | 158.53M | 102.53M | 57.63M |
| Common Stock, Shares, Outstanding | 174.15M | 168.97M | 166.65M | 160.69M | 154.24M | 153.21M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -53.80M | -6.57M | 921.00K | 12.63M | -2.73M | -34.82M |
| Payments to Acquire Property, Plant, and Equipment | 7.06M | 10.44M | 30.65M | 15.19M | 6.78M | 10.55M |
| Net Cash Provided by (Used in) Investing Activities | 4.71M | -11.81M | -32.79M | -17.34M | -7.31M | -10.65M |
| Net Cash Provided by (Used in) Financing Activities | 61.15M | 59.62M | 63.43M | 32.14M | 27.06M | -817.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (NRGV CIK 0001828536),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
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description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.