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Energy Vault Holdings NRGV Q1 2026 earnings

Reported May 5, 2026 · After market close

Revenue$21.9MBeat by $1.2M
EPS-$0.20Miss by $0.05
Revenue estimate$20.7M
EPS estimate-$0.15

Next report

Nov 9, 2026 (in 2 months)
Revenue estimate$18.6M
EPS estimate-$0.16

Financials

Q1 2026

Income statement

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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

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Cash & equivalents$117.1M+148%
Total debt$211.4M+643%
Total equity$30.5M-73.5%
Total assets$298.0M+37.1%

Cash flow

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Operating cash flow-$53.8M-1,871%
CapEx$7.1M+4.1%
Free cash flow-$60.9M-540%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$570.82M+436%
Enterprise value$665.11M+657%
P/S2.6×+0.4×

Profitability

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Gross margin22.1%+2.9pp
Operating margin-35.8%-16.6pp
Net margin-53%-23.8pp

Returns & leverage

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Return on equity-158.2%+1,524pp
Debt / equity6.9×+6.7×
Current ratio1.4×+0.6×

Segments

By product

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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

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Reportable Segment$21.9M+156%

FAQ

When did Energy Vault Holdings report Q1 2026 earnings?
Energy Vault Holdings (NRGV) reported Q1 2026 earnings on May 5, 2026 after market close.
What were Energy Vault Holdings's Q1 2026 revenue and EPS?
Energy Vault Holdings reported revenue of $21.9M and eps of $-0.20 for Q1 2026.
Did Energy Vault Holdings beat estimates in Q1 2026?
Revenue beat the consensus estimate of $20.7M by $1.2M. EPS missed the consensus estimate of $-0.15 by $0.05.
How did Energy Vault Holdings's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 156.4% from $8.5M a year earlier and eps declined 150.0% from $-0.08.
Where can I find Energy Vault Holdings's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001828536-26-000038) and the 10-Q periodic report (0001828536-26-000050) directly on SEC EDGAR. The filing index links above go to sec.gov.