What is Energy Vault Holdings's market cap?

Energy Vault Holdings (NRGV) has a market capitalization of $531.0M and trades on NYSE.

What is Energy Vault Holdings's revenue and profitability?

Energy Vault Holdings generated $217.0M in trailing twelve-month revenue with a net loss of $115.0M, representing a net margin of -53.0%. Gross margin stands at 22.1%, with free cash flow of -$114.5M. These figures are based on the Q1 2026 filing.

Who are Energy Vault Holdings's competitors?

Energy Vault Holdings's key competitors include Fluence Energy, Inc., ESS Inc., Eos Energy Enterprises Inc., and others. These companies compete in similar markets and product categories.

Who does Energy Vault Holdings partner with?

Energy Vault Holdings's notable partners include Orion Infrastructure Capital, Gridmatic, Pacific Gas & Electric, and others.

What subsidiaries does Energy Vault Holdings have?

Energy Vault Holdings's subsidiaries include Asset Vault.

Where is Energy Vault Holdings headquartered?

Energy Vault Holdings is headquartered in United States of America and employs approximately 183 people. It has been publicly traded since 2022.

Energy Vault Holdings

NRGV

Energy Vault Holdings, Inc. provides a diversified portfolio of energy storage solutions, including proprietary gravity, battery, and green hydrogen technologies.

Market cap

$531.03M+208%

Revenue$217.0M+362%

Net income-$115.0M+15.3%

Free cash flow-$114.5M+0.2%

EPS (diluted)-$0.71+22.0%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 5, 2026

Revenue$21.9MBeat by $1.2M EPS-$0.20Miss by $0.05

Read the full report

Next report

Aug 11, 2026 (In 1 week)

Revenue estimate$14.2M

EPS estimate-$0.14

Financials

Q1 2026

Income statement

See full

Revenue$21.9M+156%

Gross profit$4.8M-1.8%

Operating income-$24.2M-15.8%

Net income-$32.5M-53.7%

EPS (diluted)-$0.20-42.9%

Balance sheet

See full

Cash & equivalents$117.1M+148%

Total debt$211.4M+643%

Total equity$30.5M-73.5%

Total assets$298.0M+37.1%

Cash flow

See full

Operating cash flow-$53.8M-1,871%

CapEx$7.1M+4.1%

Free cash flow-$60.9M-540%

Valuation & ratios

Valuation

See full

Market cap$531.03M+208%

Enterprise value$625.33M+222%

P/S2.5×-1.2×

Profitability

See full

Gross margin22.1%+2.9pp

Operating margin-35.8%-16.6pp

Net margin-53%-23.8pp

Returns & leverage

See full

Return on equity-158.2%+1,524pp

Debt / equity6.9×+6.7×

Current ratio1.4×+0.6×

Segments

By product

See full

Sale of energy storage products$19.7M+303%

Operation and maintenance services$444.0K+60.9%

Software licensing$182.0K+62.5%

Intellectual property (“IP”) licensing$15.0K-99.5%

By segment

See full

Reportable Segment$21.9M+156%

Competitors

By market cap

Tesla, Inc.$1.22T+16.3%

Fluence Energy, Inc.$1.8B+55.3%

Eos Energy Enterprises, Inc.$1.3B-15.2%

Energy Vault Holdings$531.0M+180%

Microvast Holdings, Inc.$267.4M-75.3%

KULR Technology Group$121.7M-46.3%

NeoVolta$119.7M-30.0%

ESS Tech$22.6M-10.6%

By revenue growth

Eos Energy Enterprises, Inc.+726%

Energy Vault Holdings+362%

NeoVolta+325%

KULR Technology Group+62.4%

Tesla, Inc.+11.8%

Fluence Energy, Inc.+10.9%

Microvast Holdings, Inc.-10.4%

By net margin

Tesla, Inc.3.67%-2.7pp

Fluence Energy, Inc.-0.752%-3.4pp

Microvast Holdings, Inc.-28.81%+47.8pp

Energy Vault Holdings-52.97%+236pp

NeoVolta-63.42%+33.3pp

Eos Energy Enterprises, Inc.-296.13%+2,910pp

KULR Technology Group-383.52%-110pp

Profile

Energy Vault Holdings, Inc. provides a diversified portfolio of energy storage solutions, including proprietary gravity, battery, and green hydrogen technologies. The company offers an integrated model that spans project development, engineering, and long-term operations, supported by a technology-agnostic energy management software platform. Its core value proposition focuses on enhancing grid stability and enabling renewable energy integration through flexible, multi-duration storage assets.

Competitive position

Energy Vault differentiates itself through a technology-agnostic software platform and a diverse hardware portfolio that addresses both short-duration battery needs and long-duration gravity or hydrogen requirements.

GeographiesUnited States, Australia, Europe, India

Customer segmentsUtilities, Independent Power Producers, Commercial and Industrial, Public Sector

Business modelEquipment Sales, Licensing and Royalties, Subscription SaaS, Build-Own-Operate, EPC Services

SuppliersLithium-ion battery cell manufacturers, Inverter and balance-of-system suppliers, Steel and aluminum providers, Hydrogen fuel cell manufacturers

CustomersUtility-scale power grids, Data center operators, Municipal utilities, Large-scale industrial energy users

CountryUnited States of America

Listed2022

Employees183.0

CEORobert Piconi

SectorUtilities

IndustryRenewable Utilities

Websiteenergyvault.com

FilingsSEC EDGAR

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Questions, answered.

What is Energy Vault Holdings's market cap?: Energy Vault Holdings (NRGV) has a market capitalization of $531.0M and trades on NYSE.
What is Energy Vault Holdings's revenue and profitability?: Energy Vault Holdings generated $217.0M in trailing twelve-month revenue with a net loss of $115.0M, representing a net margin of -53.0%. Gross margin stands at 22.1%, with free cash flow of -$114.5M. These figures are based on the Q1 2026 filing.
Who are Energy Vault Holdings's competitors?: Energy Vault Holdings's key competitors include Fluence Energy, Inc., ESS Inc., Eos Energy Enterprises Inc., and others. These companies compete in similar markets and product categories.
Who does Energy Vault Holdings partner with?: Energy Vault Holdings's notable partners include Orion Infrastructure Capital, Gridmatic, Pacific Gas & Electric, and others.
What subsidiaries does Energy Vault Holdings have?: Energy Vault Holdings's subsidiaries include Asset Vault.
Where is Energy Vault Holdings headquartered?: Energy Vault Holdings is headquartered in United States of America and employs approximately 183 people. It has been publicly traded since 2022.