Saturday 17 October 2026 Export NRGV’s income statement to Excel — free account

Energy Vault Holdings, Inc.

Energy Vault Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $203.7 million, up 340.9% from fiscal 2024. In the quarter to June 2026, revenue grew 104.1%, EPS grew 22.7%, free cash flow fell 671.6% and total debt rose 628.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

2.84 0.22 −7.19%

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Market cap: $556.4M
P/E: 0.0×
Fwd P/E: −10.0×
Dividend yield: —
F-score: 4/9
Altman Z: −0.67
Beneish M: −1.02
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.59

Total sells 18.09

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	2	4	—	—	—	—	2	—	—
Sell	—	1	1	—	—	1	—	—	1	1	—	—

Insider Ownership 28.18%

Capital & Financial Ratios $m

Market Cap 556.42

Revenue 225.87

Net Income (109.73)

Free Cash Flow (144.74)

Net Debt 135.66

Current Ratio 1.19

Debt/Equity 35.44

P/E ratio 0.00

Fwd P/E (9.95)

P/S ratio 2.24

P/B ratio 73.77

Past 5Y EPS Growth —

This Y EPS Growth (28.04%)

Next Y EPS Growth 60.64%

Next Y revenue growth 60.76%

Next 5Y EPS Growth 66.44%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 37.01%

10-year low 10-year high

P/B against its own 10 years 94.09%

10-year low 10-year high

EV/Sales against its own 10 years 64.11%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	146	28	63	107
Receivables	30	17	26	7
Inventory	0	0	0	0
Other	99	17	27	51
	280	69	121	182

	2023	2024	2025	Q'26
Payables	21	20	31	15
ST’ Debt	—	—	57	78
Other	5	9	7	31
	112	55	165	152

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	11.77%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	389.93%	(38.34%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	22	17	—	—	—
’25	9	9	33	153	204
’24	8	4	1	33	46
’23	11	40	172	118	342

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(54)	(31)	—	—	—
’25	(3)	15	(12)	(7)	(6)
’24	1	(13)	(9)	(35)	(56)
’23	(71)	(21)	(24)	23	(93)
’22	(17)	(10)	(21)	24	(23)
’21	(6)	(3)	(5)	(8)	(22)
’20	—	0	—	0	0

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(61)	(40)	—	—	—
’25	(10)	7	(27)	(17)	(48)
’24	(8)	(25)	(36)	(45)	(114)
’23	(82)	(28)	(33)	14	(129)
’22	(17)	(10)	(21)	23	(26)
’22	—	—	—	—	(23)
’21	(6)	(3)	(5)	(8)	(22)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.20)	(0.17)	—	—	—
’25	(0.14)	(0.22)	(0.16)	(0.13)	(0.65)
’24	(0.14)	(0.18)	(0.18)	(0.43)	(0.91)
’23	(0.22)	(0.18)	(0.13)	(0.15)	(0.69)
’22	(0.25)	(0.05)	(0.21)	(0.17)	(0.64)
’21	(2.67)	1.23	(0.45)	(0.56)	(2.45)
’20	—	(0.19)	—	0.00	0.00

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	9.58	2.21	1.35	0.78	0.60	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	10.15	22.10	5.51	2.55	5.56
People
People	Employees	—	—	—	—	—	—	177	183	163	148
	Revenue/emp, $m	—	—	—	—	—	—	0.82	1.87	0.28	1.38
Income, $m
Income, $m	Revenue	—	—	—	—	—	—	146	342	46	204
	Gross margin, %	—	—	—	—	—	0.00	40.65	5.13	13.39	23.56
	EBT	—	—	—	—	0	(31)	(78)	(99)	(136)	(96)
	EBT margin, %	—	—	—	—	0.00	0.00	(53.38)	(28.93)	(293.83)	(47.08)
	Net income	—	0	—	—	0	(31)	(78)	(98)	(136)	(104)
	Depreciation	—	—	—	—	—	2	8	1	1	6
Per share, $
Per share, $	Revenue	—	—	—	—	0.00	0.00	1.18	2.39	0.31	1.27
	Earnings	—	—	—	—	0.00	(2.45)	(0.64)	(0.69)	(0.91)	(0.65)
	Cash flow	—	—	—	—	0.00	(1.73)	(0.19)	(0.65)	(0.37)	(0.04)
	Capex	—	—	—	—	0.00	(0.01)	(0.02)	(0.26)	(0.39)	(0.26)
	Free cash flow	—	—	—	—	0.00	(1.74)	(0.21)	(0.90)	(0.76)	(0.30)
	Book value	—	—	—	—	0.00	8.92	2.33	1.57	0.84	0.42
	Shares, m	—	—	—	—	6	13	123	143	150	161
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	0.00	0.00	0.00	0.00
	P/S	—	—	—	—	—	—	2.61	0.93	7.40	3.63
	P/B	—	—	—	—	—	—	1.32	1.42	2.71	10.97
	EV/Sales	—	—	—	—	—	—	0.66	0.51	6.81	3.79
	EV/FCF	—	—	—	—	—	—	(3.75)	(1.35)	(2.75)	(16.51)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	0	(22)	(23)	(93)	(56)	(6)
	Capex	—	—	—	—	—	0	(2)	(37)	(58)	(42)
	Free cash flow	—	—	—	—	0	(22)	(26)	(129)	(114)	(48)
Balance, $m
Balance, $m	Working capital	—	—	—	—	0	103	265	168	14	(44)
	Total debt	—	—	—	—	0	0	0	—	—	95
	Net debt	—	—	—	—	0	(105)	(286)	(146)	(28)	32
	Shareholders’ equity	—	—	—	—	0	114	288	224	126	67
Returns, %
Returns, %	ROA	—	—	—	—	(0.52)	(49.94)	(28.89)	(25.99)	(51.75)	(41.71)
	ROIC	—	—	—	—	0.00	(206.22)	(2,548.60)	(85.27)	(82.76)	(46.91)
	ROE	—	—	—	—	(4.60)	91.31	(71.49)	(38.49)	(77.56)	(106.97)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ORA Ormat Technologies, Inc.	$5.5B	42.9×	78.5×	+10.57% (above 0%: growing)	−4.35% (below 0%: shrinking)	−376.02% (below 0%: shrinking)	26.55%	13.22%	Compare
BEPC Brookfield Renewable Corporation	$5.4B	— (loss-making)	— (loss-making)	+19.78% (above 0%: growing)	n/m	+116.56% (above 0%: growing)	61.84%	32.69%	Compare
EBR.B Eletrobras	$2.6B	14.7×	—	+23.00% (above 0%: growing)	+118.50% (above 0%: growing)	+98.52% (above 0%: growing)	88.38%	38.51%	Compare
RNW ReNew Energy Global PLC	$2.5B	21.9×	27.8×	+5.42% (above 0%: growing)	+6.25% (above 0%: growing)	−179.75% (below 0%: shrinking)	83.20%	50.00%	Compare
XIFR XPLR Infrastructure, LP	$1.9B	15.3×	— (loss-making)	+6.14% (above 0%: growing)	−52.38% (below 0%: shrinking)	−105.30% (below 0%: shrinking)	100.00%	16.53%	Compare
FLNC Fluence Energy, Inc.	$1.2B	— (loss-making)	— (loss-making)	+7.85% (above 0%: growing)	n/m	+85.20% (above 0%: growing)	5.12%	(8.85%)	Compare
NRGV Energy Vault Holdings, Inc.	$556.4M	— (loss-making)	— (loss-making)	+104.05% (above 0%: growing)	n/m	−671.56% (below 0%: shrinking)	30.95%	(141.97%)
ELLO Ellomay Capital Ltd.	$300.4M	4.2×	— (loss-making)	+7.04% (above 0%: growing)	n/m	−268.27% (below 0%: shrinking)	24.60%	7.05%	Compare
SAFX XCF Global Capital, Inc.	$70.0M	— (loss-making)	—	−89.49% (below 0%: shrinking)	n/m	−89.55% (below 0%: shrinking)	39.98%	(833.13%)	Compare
Median of peers	$2.2B	15.3×	—	+7.45%	+0.95%	−97.42%	50.91%	14.88%

All 24 Utilities Renewable stocks →

Energy Vault Holdings, Inc. (NRGV) key facts

Strength: Energy Vault Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $203.7 million, up 340.9% from fiscal 2024.
Energy Vault Holdings, Inc. (NRGV) is an Utilities Renewable company in the Utilities sector, listed on the New York Stock Exchange.
As of October 16, 2026, NRGV traded at $2.84, a market capitalization of $556.4 million.
Return on equity was −107.0% and debt-to-equity 35.44.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −0.67 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.