Skip to content
OpenCapital
Get started

Energy Vault Holdings NRGV Q3 2025 earnings

Reported November 10, 2025 · After market close

Revenue$33.3MMiss by $107.5M
EPS-$0.16Miss by $0.06
Revenue estimate$140.9M
EPS estimate-$0.10

Next report

Aug 11, 2026 (In 1 week)
Revenue estimate$14.2M
EPS estimate-$0.14

Financials

Q3 2025

Income statement

See full
Revenue$33.3M+2,679%
Gross profit$9.0M+1,765%
Operating income-$17.6M+35.1%
Net income-$26.8M-0.8%
EPS (diluted)-$0.16+11.1%

Balance sheet

See full
Cash & equivalents$61.9M-20.3%
Total debt$100.3M+6,943%
Total equity$80.5M-55.0%
Total assets$281.9M+11.5%

Cash flow

See full
Operating cash flow-$11.7M-27.3%
CapEx$15.5M-43.3%
Free cash flow-$27.2M+25.5%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$480.71M+236%
Enterprise value$519.08M+676%
P/S5.7×+4.6×

Profitability

See full
Gross margin22.7%+16.8pp
Operating margin-139.6%+446pp
Net margin-172.6%-662pp

Returns & leverage

See full
Return on equity-111.5%-376pp
Debt / equity1.2×+1.2×
Current ratio0.6×-1.2×

Segments

By product

See full
Sale of energy storage products$31.7M+3,815%
Operation and maintenance services$302.0K+10.6%
Software licensing$136.0K+18.3%
Intellectual property (“IP”) licensing$14.0K—

By geography

See full
Australia$31.1M+12,428%
United States$18.6M+67.1%

By segment

See full
Reportable Segment$33.3M+2,679%

Versus estimates

Revenue

Q1 2026$21.9MBeat by $1.2MQ4 2025$153.3MBeat by $4.9M
Q3 2025$33.3MMiss by $107.5M
Q2 2025$8.5MMiss by $40.5MQ1 2025$8.5MMiss by $16.5MQ4 2024$33.5MMiss by $9.0M

Diluted EPS

Q1 2026-$0.20Miss by $0.05Q4 2025-$0.13Miss by $0.08
Q3 2025-$0.16Miss by $0.06
Q2 2025-$0.22Miss by $0.15Q1 2025-$0.08Beat by $0.05Q4 2024-$0.35Miss by $0.21

Ask the moment Energy Vault Holdings reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Energy Vault Holdings report Q3 2025 earnings?
Energy Vault Holdings (NRGV) reported Q3 2025 earnings on November 10, 2025 after market close.
What were Energy Vault Holdings's Q3 2025 revenue and EPS?
Energy Vault Holdings reported revenue of $33.3M and eps of $-0.16 for Q3 2025.
Did Energy Vault Holdings beat estimates in Q3 2025?
Revenue missed the consensus estimate of $140.9M by $107.5M. EPS missed the consensus estimate of $-0.10 by $0.06.
How did Energy Vault Holdings's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2678.9% from $1.2M a year earlier and eps grew 11.1% from $-0.18.
Where can I find Energy Vault Holdings's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001828536-25-000202) and the 10-Q periodic report (0001828536-25-000203) directly on SEC EDGAR. The filing index links above go to sec.gov.