Energy Vault NRGV
$3.24 +$0.44 (+15.71%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $3.19 -1.50%
Open$2.93
Prev close$2.80
Day range$2.84 – $3.24
Volume3.70M
Market cap$589.16M
P/E (TTM)–
Dividend yield–
Fundamentals
Latest reported quarter: Q2, ended Jun 2026
Revenue$17.37M+104.1% YoY
Operating profit-$24.66M+12.4% YoY
Net profit-$29.69M+15.0% YoY
Diluted EPS-$0.18+18.2% YoY
Free cash flow-$39.71M-671.6% YoY
Operating cash flow-$30.56M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin22.5%
Operating margin-32.8%
Net margin-48.6%
Return on equity-225.7%
Return on assets-35.4%
Return on invested capital-54.6%
Current ratio1.19
Liabilities / assets91.2%
Cash & investments$93.38M
Total debt$244.42M
Net cash (debt)-$151.04M
Where the revenue comes from
Quarter 2026/Q2
By business line
Income statement
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $17.37M | $21.88M | $203.67M | $153.31M | $33.32M |
| Total Operating Revenue | $17.37M | $21.88M | $203.67M | $153.31M | $33.32M |
| Cost of Revenue | $11.99M | $17.09M | $155.68M | $121.72M | $24.31M |
| Gross Profit | $5.38M | $4.79M | $47.99M | $31.59M | $9.01M |
| Operating Expense | $30.04M | $28.99M | $122.36M | $39.33M | $26.59M |
| Selling and Admin Expenses | $25.52M | $24.15M | $94.88M | $27.94M | $23.01M |
| -Selling & Marketing Expense | $2.87M | $2.91M | $13.70M | $3.18M | $3.21M |
| -General & Admin Expense | $22.65M | $21.24M | $81.18M | $24.76M | $19.80M |
| Research & Development | $2.55M | $2.59M | $14.64M | $3.38M | $3.36M |
| Depreciation & Amortization & Depletion | $1.92M | $2.22M | $3.44M | $2.36M | $298,000.00 |
| -Depreciation & Amortization | $1.92M | $2.22M | $3.44M | $2.36M | $298,000.00 |
| Asset Impairment Loss | $52,000.00 | $25,000.00 | $9.41M | $5.66M | -$80,000.00 |
| Operating Profit | -$24.66M | -$24.20M | -$74.37M | -$7.74M | -$17.58M |
| Net Non-Operating Interest Income (Expense) | -$3.49M | -$2.90M | -$7.36M | -$2.80M | -$2.58M |
| Non-Operating Interest Income | $704,000.00 | $568,000.00 | $1.10M | $269,000.00 | $204,000.00 |
| Non-Operating Interest Expense | $3.30M | $2.83M | $8.46M | $4.47M | $2.09M |
| Total Other Finance Costs | $895,000.00 | $641,000.00 | – | – | $694,000.00 |
| Other Income (Expense) | -$690,000.00 | -$5.39M | -$14.16M | -$10.42M | -$1.12M |
| Gain on Sale of Security | $1.49M | -$134,000.00 | -$8.18M | – | – |
| Other Non-Operating Income (Expenses) | -$2.18M | -$5.25M | -$5.99M | -$2.24M | -$1.12M |
| Pretax Profit | -$28.84M | -$32.48M | -$95.90M | -$20.96M | -$21.28M |
| Tax | $855,000.00 | $1,000.00 | $7.76M | -$228,000.00 | $5.54M |
| Net Profit | -$29.69M | -$32.49M | -$103.66M | -$20.73M | -$26.82M |
| Profit from Continuing Operations | -$29.69M | -$32.49M | -$103.66M | -$20.73M | -$26.82M |
| Minority Interests | $0.00 | $0.00 | -$47,000.00 | -$2,000.00 | -$2,000.00 |
| Net Income to Parent Company | -$29.69M | -$32.49M | -$103.61M | -$20.73M | -$26.82M |
| Net Income to Common Stockholders | -$29.69M | -$32.49M | -$103.61M | -$20.73M | -$26.82M |
| Basic EPS | -$0.17 | -$0.20 | -$0.65 | -$0.13 | -$0.16 |
| Diluted EPS | -$0.18 | -$0.20 | -$0.65 | -$0.13 | -$0.16 |
| Special Income (Charges) | – | – | $0.00 | $0.00 | $0.00 |
| -Less:Impairment of Capital Assets | – | – | $0.00 | – | – |
| -Less:Write Off | – | – | $0.00 | $0.00 | $0.00 |
Balance sheet
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Assets | $370.53M | $298.04M | $312.88M | $312.88M | $281.88M |
| Total Current Assets | $181.55M | $103.79M | $121.07M | $121.07M | $103.24M |
| Cash and Cash Equivalents & Short-Term Investments | $93.38M | $55.58M | $58.59M | $58.59M | $32.70M |
| -Cash and Cash Equivalents | $93.04M | $55.24M | $58.26M | $58.26M | $32.70M |
| -Short Term Investments | $332,000.00 | $333,000.00 | $325,000.00 | $325,000.00 | $0.00 |
| Receivables | $23.07M | $24.28M | $47.38M | $47.38M | $11.84M |
| -Accounts Receivable | $7.24M | $4.94M | $25.94M | $25.94M | $3.67M |
| -Taxes Receivable | $765,000.00 | $1.27M | $813,000.00 | $813,000.00 | $411,000.00 |
| -Other Receivables | $15.07M | $18.07M | $20.63M | $20.63M | $7.76M |
| Prepaid Assets | $44.25M | $10.29M | $10.24M | $10.24M | $49.16M |
| Inventory | $366,000.00 | $126,000.00 | $139,000.00 | $139,000.00 | $7.03M |
| Restricted Cash | $14.31M | $13.51M | $4.72M | $4.72M | $2.51M |
| Other Current Assets | $11,000.00 | $11,000.00 | $11,000.00 | $11,000.00 | $11,000.00 |
| Total Non-Current Assets | $188.98M | $194.25M | $191.81M | $191.81M | $178.64M |
| Net PPE | $98.16M | $103.62M | $98.31M | $98.31M | $95.81M |
| -Gross PPE | $108.95M | $116.31M | $107.82M | $107.82M | $102.16M |
| -Accumulated Depreciation | -$10.79M | -$12.69M | -$9.52M | -$9.52M | -$6.35M |
| Investments and Advances | $1.34M | $3.37M | $3.37M | $3.37M | $3.27M |
| -Available for Sale Securities | $1.24M | $3.27M | $3.27M | $3.27M | $3.27M |
| Non-Current Prepaid Assets | $12.85M | $2.85M | – | – | – |
| Goodwill and Other Intangible Assets | $7.20M | $7.06M | $8.28M | $8.28M | $6.29M |
| -Other Intangible Assets | $7.20M | $7.06M | $8.28M | $8.28M | $6.29M |
| Non-Current Deferred Assets | $28.47M | $28.74M | $40.51M | $40.51M | $42.21M |
| Other Non-Current Assets | $40.97M | $48.61M | $41.35M | $41.35M | $26.92M |
| Total Liabilities | $337.92M | $244.26M | $224.26M | $224.26M | $201.33M |
| Total Current Liabilities | $152.20M | $72.03M | $165.02M | $165.02M | $164.44M |
| Payables | $15.90M | $11.48M | $35.41M | $35.41M | $39.57M |
| -Accounts Payable | $14.99M | $9.08M | $30.84M | $30.84M | $36.00M |
| -Total Tax Payable | $908,000.00 | $2.39M | $4.57M | $4.57M | $3.58M |
| Current Accrued Expenses | $19.99M | $19.11M | $53.26M | $53.26M | $26.10M |
| Short-Term Debt and Capital Lease Obligation | $78.53M | $21.75M | $57.18M | $57.18M | $29.14M |
| -Current Debt | $77.98M | $21.15M | $56.63M | $56.63M | $28.61M |
| -Current Capital Lease Obligation | $551,000.00 | $603,000.00 | $552,000.00 | $552,000.00 | $529,000.00 |
| Current Provisions | $1.01M | $338,000.00 | $241,000.00 | $241,000.00 | $358,000.00 |
| Current Deferred Liabilities | $30.86M | $15.38M | $6.61M | $6.61M | $63.60M |
| Total Non-Current Liabilities | $185.72M | $172.23M | $59.24M | $59.24M | $36.89M |
| Long Term Debt and Capital Lease Obligation | $166.44M | $152.00M | $39.55M | $39.55M | $33.32M |
| -Long Term Debt | $165.04M | $150.53M | $37.97M | $37.97M | $31.56M |
| -Long Term Capital Lease Obligation | $1.40M | $1.47M | $1.58M | $1.58M | $1.76M |
| Derivative Product Liabilities | $13.96M | $15.81M | $15.51M | $15.51M | $2,000.00 |
| Non-Current Liabilities | $2.10M | $1.26M | $1.26M | $1.26M | $1.27M |
| Non-Current Deferred Liabilities | $3.22M | $3.16M | $2.93M | $2.93M | $2.30M |
| Total Equity | $32.61M | $53.78M | $88.62M | $88.62M | $80.55M |
| Stockholders' Equity | $6.89M | $30.49M | $67.49M | $67.49M | $80.58M |
| Capital Stock | $18,000.00 | $17,000.00 | $17,000.00 | $17,000.00 | $17,000.00 |
| -Common Stock | $18,000.00 | $17,000.00 | $17,000.00 | $17,000.00 | $17,000.00 |
| -Preferred Stock | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Additional Paid-In Capital | $557.32M | $551.03M | $555.87M | $555.87M | $549.13M |
| Retained Earnings | -$549.61M | -$519.92M | -$487.43M | -$487.43M | -$466.70M |
| Gains/Losses Not Affecting Retained Earnings | -$835,000.00 | -$636,000.00 | -$966,000.00 | -$966,000.00 | -$1.87M |
| Minority Interests | $25.72M | $23.29M | $21.13M | $21.13M | -$29,000.00 |
| -Notes Receivable | – | – | $0.00 | $0.00 | – |
| Non-Current Note Receivables | – | – | $0.00 | $0.00 | $3.64M |
| Non Current Accounts Receivables | – | – | – | – | $500,000.00 |
Cash flow
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$30.56M | -$53.80M | -$5.65M | -$6.57M | -$11.71M |
| Net cash flow from continuing operations | -$30.56M | -$53.80M | -$5.65M | -$6.57M | -$11.71M |
| Net Income from Continuing Operations | -$29.69M | -$32.49M | -$103.66M | -$20.73M | -$26.82M |
| Gain/Loss from Continuing Operations | $106,000.00 | $5.25M | $2.59M | $447,000.00 | $383,000.00 |
| Depreciation & Depletion & Amortization | $3.24M | $3.55M | $5.73M | $3.46M | $1.49M |
| Other Non-Cash Items | $1.11M | $802,000.00 | $4.68M | $503,000.00 | $2.49M |
| Change in Working Capital | -$10.56M | -$38.12M | $23.56M | -$13.98M | -$4.88M |
| -Change in Receivables | $722,000.00 | $23.92M | -$24.76M | -$36.37M | $2.36M |
| -Change in Inventory | -$248,000.00 | $14,000.00 | -$31,000.00 | $6.66M | -$6.70M |
| -Change in Prepaid Assets | -$26.01M | -$319,000.00 | -$5.56M | $37.80M | -$23.31M |
| -Change in Payables and Accrued Expense | $8.65M | -$67.70M | $60.00M | $35.43M | $27.87M |
| -Change in Other Current Assets | -$10.37M | -$2.58M | -$2.99M | -$1.15M | -$2.56M |
| -Change in Other Current Liabilities | $1.97M | -$56,000.00 | -$299,000.00 | $7,000.00 | -$23,000.00 |
| -Change In Other Working Capital | $14.72M | $8.59M | -$2.80M | -$56.35M | -$2.52M |
| Net cash flow from investing | -$9.15M | $4.71M | -$44.61M | -$11.82M | -$15.46M |
| Net Cash Flow from Continuing Investing Activities | -$9.15M | $4.71M | -$44.61M | -$11.82M | -$15.46M |
| Net PPE Purchase and Sale | -$9.15M | -$7.06M | -$41.09M | -$10.44M | -$15.46M |
| Net Other Investing Changes | $0.00 | $11.77M | -$2.14M | $0.00 | $0.00 |
| Financing Cash Flow | $73.97M | $61.15M | $123.05M | $59.62M | $31.29M |
| Net Cash Flow from Continuing Financing Activities | $73.97M | $61.15M | $123.05M | $59.62M | $31.29M |
| Net Issuance Payments Of Debt | $71.00M | $93.51M | $94.74M | $29.15M | $29.70M |
| Proceeds from Stock Option Exercised | $942,000.00 | $34,000.00 | $735,000.00 | $688,000.00 | $45,000.00 |
| Net Other Financing Charges | -$1.89M | -$32.39M | $20.73M | $29.78M | -$4.11M |
| Ending Cash Balance | $93.04M | $117.13M | $103.44M | $103.44M | $61.93M |
| Net Change in Cash | $34.26M | $12.06M | $72.79M | $41.24M | $4.13M |
| Beginning Cash Balance | $117.13M | $103.44M | $30.07M | $61.93M | $21.42M |
| Effect of Exchange Rate Changes | -$3.37M | $1.62M | $576,000.00 | $279,000.00 | -$296,000.00 |
| Free Cash Flow | -$39.71M | -$60.86M | -$48.11M | -$18.39M | -$27.16M |
| Deferred Tax | – | – | $7.15M | $1.59M | $5.56M |
| Net Intangibles Purchase and Sale | – | – | -$1.37M | – | – |
| Net Common Stock Issuance | – | – | $6.85M | $0.00 | $5.65M |
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