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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

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

Financials

Q3 2025

Income statement

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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

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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

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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
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Market cap$480.71M+236%
Enterprise value$519.08M+676%
P/S5.7×+4.6×

Profitability

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

Returns & leverage

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

Segments

By product

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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

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

By segment

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Reportable Segment$33.3M+2,679%

FAQ

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.