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Energy Vault Holdings NRGV Q2 2026 earnings

Reported August 11, 2026 · After market close

Revenue$17.4MBeat by $3.1M
EPS-$0.17Miss by $0.03
Revenue estimate$14.2M
EPS estimate-$0.14
“The second quarter financial results reflect continued strong execution of our growth plans while achieving record contract bookings growth highlighted by a milestone signing of our largest single contract to date of over half a billion. As a result of the operational and commercial progress achieved in the first half of the year and resulting increase in forward revenue visibility across our backlog, we are raising our full-year 2026 revenue guidance to $270-310 million and lifting our GAAP gross margin guidance to 20-25% at the high end of the range.”
Robert Piconi

Next report

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

Financials

Q2 2026

Income statement

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Revenue$17.4M+104%
Gross profit$5.4M+114%
Operating income-$24.7M+12.4%
Net income-$29.7M+15.0%
EPS (diluted)-$0.18+18.2%

Balance sheet

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Cash & equivalents$148.0M+155%
Total debt$244.9M+288%
Total equity$6.9M-92.4%
Total assets$370.5M+48.9%

Cash flow

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Operating cash flow-$30.6M-299%
CapEx$9.1M+8.8%
Free cash flow-$39.7M—

Valuation & ratios

Valuation

as of 09/17/26
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Market cap$721.9M+89.0%
Enterprise value$818.81M+112%
P/S3.2×-4.2×

Profitability

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Gross margin22.5%+2.2pp
Operating margin-32.8%-15.2pp
Net margin-48.6%-22.0pp
FCF margin-64.1%—

Returns & leverage

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Return on equity-225.9%-1,190pp
Debt / equity35.7×+35.0×
Current ratio1.2×+0.5×

Segments

By product

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Sale of energy storage products$14.7M+90.6%
Operation and maintenance services$445.0K+60.6%
Software licensing$187.0K+55.8%
Intellectual property (“IP”) licensing$15.0K+7.1%

By segment

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Reportable Segment$17.4M+104%

FAQ

When did Energy Vault Holdings report Q2 2026 earnings?
Energy Vault Holdings (NRGV) reported Q2 2026 earnings on August 11, 2026 after market close.
What were Energy Vault Holdings's Q2 2026 revenue and EPS?
Energy Vault Holdings reported revenue of $17.4M and eps of $-0.17 for Q2 2026.
Did Energy Vault Holdings beat estimates in Q2 2026?
Revenue beat the consensus estimate of $14.2M by $3.1M. EPS missed the consensus estimate of $-0.14 by $0.03.
How did Energy Vault Holdings's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 104.1% from $8.5M a year earlier and eps grew 22.7% from $-0.22.
Where can I find Energy Vault Holdings's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001828536-26-000100) and the 10-Q periodic report (0001828536-26-000101) directly on SEC EDGAR. The filing index links above go to sec.gov.